Smart Bottle Market size was estimated at $13.2 billion in 2021 and is expected to reach $46.4 billion by 2031, growing at a CAGR of 17.26% during the forecast period of 2022 to 2031.
Smart Bottle Market
Smart bottles are used to measure the amount of water required by a person to stay hydrated by sensor technology. These sensors are located on the cap of the bottle. Smart bottles precisely track the amount of water individual drinks and transmit the information to water tracking applications installed in smart devices such as smartphones and smartwatches. This technology enables to track of daily, weekly, or monthly consumption of water.
Smart Bottle Market Growth and Trend
Escalated use of IoT-based smart bottles for tracking the consumption of water will propel the market demand over the forecast timeframe. In addition, the escalating requirement for maintaining hydration in the body with an adequate amount of water will also contribute to the market growth globally. Moreover, rapid advancement in technology and increasing demand for advanced gadgets due to rising concern about fitness, weight loss, and health consciousness are the key factors propelling the growth of the global smart bottle market.
Further, increased adoption of such products among fitness enthusiasts to enhance their workout experience is also contributing significantly. Additionally, the growth drivers like rising disposable income, high acceptance, and improved standard of living are pushing up the market trend. However, high product costs can hinder the expansion of the smart bottle market over the forecast timeline.
Smart Bottle Market Segmentation
The global smart bottle market is segmented on the basis of product type, component, the material used, distribution channel, and bottle capacity. Based on product type, the smart bottle market is divided into the water bottle, beverages bottle, pharmaceutical bottles, and others. The water bottle segment is anticipated to hold a significant market share over the forecast period due to rising health consciousness among the people. By component, the market is segmented into hardware and software. The software segment is expected to grow significantly over the forecast timeframe. By material, the smart bottle market is segregated into metals, polymers, and others. The polymer segment holds the largest market share due to its lightweight property. Based on the distribution channel, the market is classified into online and offline distribution channels. By bottle capacity, the smart bottle market is divided into up to 500 ml, 500 ml to 1500 ml, and above 1500 ml.
Smart Bottle Market Country Analysis
North America is the largest shareholder in the global smart bottle market. North America is an early adopter of smart bottle technology as the people of the region are more conscious of maintaining good health. However, the Asia Pacific is expected to witness the fastest growth over the forecast period due to the rising acceptance of new technologies by the population of the region.
Smart Bottle Market Share and Competition
The companies operating in the market focus on providing advanced technology to track the amount of water intake by the users. The leading companies operating in the global smart bottle market are Adheretech Inc., Thermos L.L.C., Hidrate Inc., Caktus, Inc., Ecomo, Groking Lab Limited, Hydracoach, Inc., Moikit, Open-2, LLC, and Lifefuels, Inc.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2022 - 2031)
• Water Bottle
• Beverages Bottle
• Pharmaceutical Bottles
• Others
Component Analysis (Revenue, USD Million, 2022 - 2031)
• Hardware
• Software
Material Used Analysis (Revenue, USD Million, 2022 - 2031)
• Metal
• Polymer
• Others
Distribution Channel Analysis (Revenue, USD Million, 2022 - 2031)
• Online
• Offline
Bottle Capacity Analysis (Revenue, USD Million, 2022 - 2031)
• Up to 500 ml
• 500 to 1,500 ml
• above 1,500 ml
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Smart Bottle Market Companies
• Adheretech Inc.
• Thermos L.L.C.
• Hidrate Inc.
• Caktus, Inc.
• Ecomo
• Groking Lab Limited
• Hydracoach, Inc.
• Moikit
• Open-2
• LLC
• Lifefuels, Inc.
Available Versions:-
• United States Smart Bottle Industry Research Report
• Europe Smart Bottle Industry Research Report
• Asia Pacific Smart Bottle Industry Research Report
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