Smart Water Bottle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Metal, Polymer and Others (Glass, Steel etc.)), By Component (Inbuilt, Hardware and Hydration Tracking Application), By Distribution Channel (Hypermarkets/ Supermarkets, Multi-Branded, Exclusive Stores, Online, Others (Direct Sales and Distributor/Dealers etc.)), By Region, Com

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Smart Water Bottle Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Metal, Polymer and Others (Glass, Steel etc.)), By Component (Inbuilt, Hardware and Hydration Tracking Application), By Distribution Channel (Hypermarkets/ Supermarkets, Multi-Branded, Exclusive Stores, Online, Others (Direct Sales and Distributor/Dealers etc.)), By Region, Com

The Global Smart Water Bottle Market is anticipated to project robust growth in the forecast period due to increasing disposable income, changing lifestyles, and increasing standard of living. Using technologically advanced smart features is a prominent trend anticipated to affect new product launches throughout the projected period.

Technologically advanced bottles called “smart bottles” feature wireless communication capabilities for establishing connections with electronic devices, such as wearables or smartphones, and a simulated memory that may provide alarms via a sound system or display. The human body’s hydration level can be updated using smart water bottles, also called interactive water bottles. A smart water bottle has an electronic sheet that records the user’s age and weight. Using this data, the bottle may track the water consumed over time and notify the user to drink more water before dehydrating.

According to the lay press, 75% of Americans are chronically dehydrated. While this is not supported by medical literature, dehydration is common in elderly patients. It has been reported to occur in 17% to 28% of older adults in the United States. Dehydration is a frequent cause of hospital admission.

Increasing Health Consciousness Will Fuel the Market Growth

Hectic lifestyle, decreased physical activity, and unhealthy eating habits all contribute to an increase in health-related problems. The primary factor affecting the demand for smart bottles in gyms and sports clubs is also thought to be their use as a workout accessory. The health and fitness sector has undergone ongoing upheaval since the COVID-19 epidemic and has strived to remain viable and essential. The fact that 66.5 million people aged six and older, or more than one in five Americans, were members of a health club or fitness studio in 2021 clearly shows that the active population can't give up their in-person fitness routines. This data from International Health, Racquet, and Sports club Association (IHRSA) demonstrate a 3.6% rise over the last two years and the demand for consumers to experience a sense of community. The market for smart water bottles will grow as customers continue to place a high priority on health and invest heavily in fitness centers and other services.

Advancement in Technology Will Boost Market Growth

For instance, two new HidrateSpark intelligent water bottles that let users connect their water intake with the Apple Health app are being sold by tech giant Apple.


MIR Segment1

Increasing Internet Penetration Will Fuel the Market Growth

The use of smart water bottles is being encouraged by the growing global adoption of the internet and smartphone technology. In addition, all forms of mobile data are getting more affordable. The number of people using mobile internet is rising across the globe. Using PCs, tablets, or cellphones connected to the internet, it can be remotely managed. Trends indicate that internet users are growing at a 4% annual rate, meaning that 196 million new people access the internet every year. As of 2022, 4.9 billion individuals, or 69% of the world's population, were actively using the internet. Thus, internet penetration will increase the demand for smart water bottles through online sales channels.

Market Segmentation

The smart water bottle market is segmented by type, component, and by distribution channel. Based on type, the market is segmented into metal, polymer, and others (glass, steel, etc.). The market is further divided into Inbuilt, hardware, and hydration tracking application, based on components. Based on distribution channels, the market is fragmented into hypermarkets/ supermarkets, multi-branded, exclusive retailers, online, and others (direct sales and distributor/dealers, etc.). The region's market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and South America.

Company Profiles

Hidrate Inc, Ecomo Inc., LifeFuels, Koninklijke Philips N.V., UBO-Technologies, LLC (CrazyCap), TYLT Inc., LARQ, Thermos L.L.C., SDI Technologies Inc. (Aquio), and Monos Travel Ltd., are

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Component

Distribution Channel

Region

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa and South America

Country Scope

United States; Canada; Mexico; Germany; France; United Kingdom; Italy, Spain; China; India; Japan; South Korea; Indonesia; Vietnam; Saudi Arabia; UAE; South Africa; Turkey; Brazil; Argentina; Colombia;

Key Companies Profiled

Hidrate Inc, Ecomo Inc., LifeFuels, Koninklijke Philips N.V., UBO-Technologies, LLC (CrazyCap), TYLT Inc., LARQ, Thermos L.L.C., SDI Technologies Inc. (Aquio), and Monos Travel Ltd.

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