Smart Water Bottle Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

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Smart Water Bottle Market size is forecast to reach $28.5 million by 2025, after growing at a CAGR of 17.26% during 2020-2025. The growing health consciousness among youth and adults and the rising acknowledgment about the hydration tech is enhancing the smart bottle market. Also, the increasing demand for fitness trackers, gym accessory and so on has enticed the development of smart water bottle with wireless technology that is boosting the smart water bottle industry. Furthermore, the growing awareness for ample water consumption among people of different age groups is anticipated to propel the smart water bottle market growth during the forecast period. 
 
Key Takeaways
  • North America dominates the smart water bottle market owing to increasing rise in adoption of smart wearable technology and rising awareness for healthier water consumption habits among youth and adults 
  • The introduction of artificial intelligence and the Internet of Things (IoT) is also playing a key role in the development of mobile applications that offers information to smart water bottle users regarding their hydration level and intervals of water intake.
  • Growing number of fitness enthusiasts along with the use of emerging technology for  connecting smart wearable devices, and smartphones to the gym accessories in order to track their performance and fitness activity will become the major factor that will fuel the growth of the smart water bottle market 
  • The major drawback is the battery life of the smart water bottle that hinders the growth of the smart water bottle market.   

Type of Component - Segment Analysis

Hydration tracking apps segment holds the largest share in the smart water bottle market in 2019. Majority of the interactive bottle manufacturers are providing their users with accurate information about their daily water intake and allowing them to set personalized hydration goals. As technology has become the central for the youth and adults, the apps are becoming personal systems to help users achieve daily targets. 

Furthermore, the in-built hardware technology is also playing a key role in enhancing the use of smart water bottle. This technology mainly comprises of smart caps or smart lids containing sensors, liquid thermometer, LEDs, sensor bands and so on that enables the smart water bottle to record the amount of water consumed by the user and also indicates the quantity of water remaining in the bottle. However, the increasing need for healthy lifestyle and rising awareness towards the consumption of more water will lead to the increasing adoption of smart water bottles. 

Distribution Channel - Segment Analysis

The majority of the sales occurs through online distribution channel, as smart water bottles currently don’t have high availability in retail stores and other offline stores. Furthermore, the online distribution channel is forecasted to grow at a CAGR of 8.9%. The online distribution channel is commonly being preferred by customers. Thus, the increasing sales by e-commerce platforms and the easy payments provided by online sales channel will boost the market for smart water bottle. Another interesting development is the partnership of smart water bottle manufacturers with electronics stores rather than consumer stores. These products are being advertised and sold alongside smart devices rather than water bottles showcasing the marketing is focused more on smart technology.

Geography - Segment Analysis

North America dominated the smart water bottle market with a share of more than 35%, followed by APAC and Europe. The growing need for advanced fitness tracking systems and the increasing purchasing power of customers are propelling the growth of the smart water bottle market in this region. Moreover, the increasing consumer interest towards health clubs and the usage of technology embedded gym accessories are also leading to the major factors that is fueling the market growth in North America. According to IHRSA, in 2018, the health club market size of the U.S. alone was valued at $32.3 billion. Increasing obesity rates among the population and changing lifestyle of the consumers are also triggering the smart water bottle market share in this region. Additionally, the rising usage of smart wearable technology is another key factor for the growth of smart water bottle market in North America.

Drivers – Smart Water Bottle Market

  • Increasing Health Awareness
The rapid changing lifestyle of the consumers is leading to increasing awareness towards health. The increasing consciousness towards health by both youth and the adult is leading to the rising need for smart water bottle market. The use of smart bottle as a gym accessory is also regarded as the major driver that is influencing the requirement of smart bottle in gym and sports club. Additionally, according to International Health, Racquet, and Sports club Association (IHRSA), the global health industry generated a revenue of $94 billion in 2018. As, the consumers are continuing to place high value on health and are widely investing in clubs and services for maintaining fitness will further boost the smart water bottle market

  • Introduction of Emerging Technology
The increasing number of fitness enthusiasts is leading to the increased adoption of emerging technology such as the use of wearable device, fitness trackers, smart bands, hydrating tracking applications and so on. The introduction AI along with internet of things is also playing a key role in providing mobile apps that provides information to the smart water bottle users regarding their hydration level. The smart water bottle can connect to any mobile device through Bluetooth or internet and is easily accessible from any location. Furthermore, the use of sensor technology is also highly gaining traction and will further drive the smart water bottle market.  

Challenges – Smart Water Bottle Market

  • High Cost & Battery Life
The high cost of smart water bottle is the major challenge that is affecting the growth of the market. As, smart water bottle are in-built with sensor technology and also includes major technical functions such as information about the hydration level to the user and are connected with mobile apps which leads to the increase in cost. Moreover, the average battery life of smart water bottle is 6 months and significantly gets shortened due to alerts or time taken while connecting it to any mobile app that further leads to inaccuracy. Thus, the shortening of battery life is also regarded as the key factor that dampens the growth of the smart water bottle market.  

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the smart water bottle market. In 2019, the market of smart water bottle has been consolidated by the top ten players - Adheretech Inc., Thermos L.L.C., Hidrate Inc., Caktus, Inc., Ecomo, Groking Lab Limited, Hydracoach, Inc., Moikit, Open-2, LLC, and Lifefuels, Inc.

Acquisitions/Technology Launches
  • In September 2019, Lifefuels, a beverage technology company announced the launch of smart nutrition bottle. This new smart nutrition bottle includes three part systems such as a sleek, smart water bottle and flavorful and nutritious multi-serve FuelPods. Smart nutrition bottle also includes an app for tracking both hydration and nutrition in the user. Thus, the launch of this new product will gather more traction from the users which will propel the smart water bottle market.  
1. Smart Water Bottle Market - Overview
        1.1 Definitions and Scope
2. Smart Water Bottle Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Smart Water Bottle Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Smart Water Bottle Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Smart Water Bottle Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Smart Water Bottle Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Smart Water Bottle Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Smart Water Bottle Market - By Component (Market Size -$Million / $Billion)
        8.1 In-built
        8.2 Hardware
        8.3 Hydration Tracking Apps
9. Smart Water Bottle Market - By Type (Market Size -$Million / $Billion)
        9.1 Metal
9.2 Polymer
9.3 Other
10. Smart Water Bottle - By Distribution Channel (Market Size -$Million / $Billion)
        10.1 Online
        10.2 Offline
11. Smart Water Bottle- By Geography (Market Size -$Million / $Billion)
        11.1 Smart Water Bottle Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Smart Water Bottle- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Smart Water Bottle- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Smart Water Bottle - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Smart Water Bottle - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Smart Water Bottle Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Smart Water Bottle Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Smart Water Bottle Market - Key Company List by Country Premium
15. Smart Water Bottle Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Caktus, Inc
        15.3 Ecomo
        15.4 Groking Lab Limited
        15.5 Hidrate Inc
        15.6 Hydracoach, Inc
        15.7 Moikit
        15.8 Open-2, Llc
        15.9 Out Of Galaxy, Inc
        15.10 Thermosl L C
        15.11 Trago,Inc
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Smart Water Bottle Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Smart Water Bottle Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Competitive Landscape Market 2019-2024 ($M)
1.1 Caktus, Inc Market 2019-2024 ($M) - Global Industry Research
1.2 Ecomo Market 2019-2024 ($M) - Global Industry Research
1.3 Groking Lab Limited Market 2019-2024 ($M) - Global Industry Research
1.4 Hidrate Inc Market 2019-2024 ($M) - Global Industry Research
1.5 Hydracoach, Inc Market 2019-2024 ($M) - Global Industry Research
1.6 Moikit Market 2019-2024 ($M) - Global Industry Research
1.7 Open-2, Llc Market 2019-2024 ($M) - Global Industry Research
1.8 Out Of Galaxy, Inc Market 2019-2024 ($M) - Global Industry Research
1.9 Thermosl L C Market 2019-2024 ($M) - Global Industry Research
1.10 Trago,Inc Market 2019-2024 ($M) - Global Industry Research
1.11 List Of Market Player Market 2019-2024 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2019-2024 (Volume/Units)
2.1 Caktus, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Ecomo Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Groking Lab Limited Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Hidrate Inc Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Hydracoach, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
2.6 Moikit Market 2019-2024 (Volume/Units) - Global Industry Research
2.7 Open-2, Llc Market 2019-2024 (Volume/Units) - Global Industry Research
2.8 Out Of Galaxy, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
2.9 Thermosl L C Market 2019-2024 (Volume/Units) - Global Industry Research
2.10 Trago,Inc Market 2019-2024 (Volume/Units) - Global Industry Research
2.11 List Of Market Player Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Competitive Landscape Market 2019-2024 ($M)
3.1 Caktus, Inc Market 2019-2024 ($M) - Regional Industry Research
3.2 Ecomo Market 2019-2024 ($M) - Regional Industry Research
3.3 Groking Lab Limited Market 2019-2024 ($M) - Regional Industry Research
3.4 Hidrate Inc Market 2019-2024 ($M) - Regional Industry Research
3.5 Hydracoach, Inc Market 2019-2024 ($M) - Regional Industry Research
3.6 Moikit Market 2019-2024 ($M) - Regional Industry Research
3.7 Open-2, Llc Market 2019-2024 ($M) - Regional Industry Research
3.8 Out Of Galaxy, Inc Market 2019-2024 ($M) - Regional Industry Research
3.9 Thermosl L C Market 2019-2024 ($M) - Regional Industry Research
3.10 Trago,Inc Market 2019-2024 ($M) - Regional Industry Research
3.11 List Of Market Player Market 2019-2024 ($M) - Regional Industry Research
4.South America Competitive Landscape Market 2019-2024 ($M)
4.1 Caktus, Inc Market 2019-2024 ($M) - Regional Industry Research
4.2 Ecomo Market 2019-2024 ($M) - Regional Industry Research
4.3 Groking Lab Limited Market 2019-2024 ($M) - Regional Industry Research
4.4 Hidrate Inc Market 2019-2024 ($M) - Regional Industry Research
4.5 Hydracoach, Inc Market 2019-2024 ($M) - Regional Industry Research
4.6 Moikit Market 2019-2024 ($M) - Regional Industry Research
4.7 Open-2, Llc Market 2019-2024 ($M) - Regional Industry Research
4.8 Out Of Galaxy, Inc Market 2019-2024 ($M) - Regional Industry Research
4.9 Thermosl L C Market 2019-2024 ($M) - Regional Industry Research
4.10 Trago,Inc Market 2019-2024 ($M) - Regional Industry Research
4.11 List Of Market Player Market 2019-2024 ($M) - Regional Industry Research
5.Europe Competitive Landscape Market 2019-2024 ($M)
5.1 Caktus, Inc Market 2019-2024 ($M) - Regional Industry Research
5.2 Ecomo Market 2019-2024 ($M) - Regional Industry Research
5.3 Groking Lab Limited Market 2019-2024 ($M) - Regional Industry Research
5.4 Hidrate Inc Market 2019-2024 ($M) - Regional Industry Research
5.5 Hydracoach, Inc Market 2019-2024 ($M) - Regional Industry Research
5.6 Moikit Market 2019-2024 ($M) - Regional Industry Research
5.7 Open-2, Llc Market 2019-2024 ($M) - Regional Industry Research
5.8 Out Of Galaxy, Inc Market 2019-2024 ($M) - Regional Industry Research
5.9 Thermosl L C Market 2019-2024 ($M) - Regional Industry Research
5.10 Trago,Inc Market 2019-2024 ($M) - Regional Industry Research
5.11 List Of Market Player Market 2019-2024 ($M) - Regional Industry Research
6.APAC Competitive Landscape Market 2019-2024 ($M)
6.1 Caktus, Inc Market 2019-2024 ($M) - Regional Industry Research
6.2 Ecomo Market 2019-2024 ($M) - Regional Industry Research
6.3 Groking Lab Limited Market 2019-2024 ($M) - Regional Industry Research
6.4 Hidrate Inc Market 2019-2024 ($M) - Regional Industry Research
6.5 Hydracoach, Inc Market 2019-2024 ($M) - Regional Industry Research
6.6 Moikit Market 2019-2024 ($M) - Regional Industry Research
6.7 Open-2, Llc Market 2019-2024 ($M) - Regional Industry Research
6.8 Out Of Galaxy, Inc Market 2019-2024 ($M) - Regional Industry Research
6.9 Thermosl L C Market 2019-2024 ($M) - Regional Industry Research
6.10 Trago,Inc Market 2019-2024 ($M) - Regional Industry Research
6.11 List Of Market Player Market 2019-2024 ($M) - Regional Industry Research
7.MENA Competitive Landscape Market 2019-2024 ($M)
7.1 Caktus, Inc Market 2019-2024 ($M) - Regional Industry Research
7.2 Ecomo Market 2019-2024 ($M) - Regional Industry Research
7.3 Groking Lab Limited Market 2019-2024 ($M) - Regional Industry Research
7.4 Hidrate Inc Market 2019-2024 ($M) - Regional Industry Research
7.5 Hydracoach, Inc Market 2019-2024 ($M) - Regional Industry Research
7.6 Moikit Market 2019-2024 ($M) - Regional Industry Research
7.7 Open-2, Llc Market 2019-2024 ($M) - Regional Industry Research
7.8 Out Of Galaxy, Inc Market 2019-2024 ($M) - Regional Industry Research
7.9 Thermosl L C Market 2019-2024 ($M) - Regional Industry Research
7.10 Trago,Inc Market 2019-2024 ($M) - Regional Industry Research
7.11 List Of Market Player Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Smart Water Bottle Market Revenue, 2019-2024 ($M)
2.Canada Smart Water Bottle Market Revenue, 2019-2024 ($M)
3.Mexico Smart Water Bottle Market Revenue, 2019-2024 ($M)
4.Brazil Smart Water Bottle Market Revenue, 2019-2024 ($M)
5.Argentina Smart Water Bottle Market Revenue, 2019-2024 ($M)
6.Peru Smart Water Bottle Market Revenue, 2019-2024 ($M)
7.Colombia Smart Water Bottle Market Revenue, 2019-2024 ($M)
8.Chile Smart Water Bottle Market Revenue, 2019-2024 ($M)
9.Rest of South America Smart Water Bottle Market Revenue, 2019-2024 ($M)
10.UK Smart Water Bottle Market Revenue, 2019-2024 ($M)
11.Germany Smart Water Bottle Market Revenue, 2019-2024 ($M)
12.France Smart Water Bottle Market Revenue, 2019-2024 ($M)
13.Italy Smart Water Bottle Market Revenue, 2019-2024 ($M)
14.Spain Smart Water Bottle Market Revenue, 2019-2024 ($M)
15.Rest of Europe Smart Water Bottle Market Revenue, 2019-2024 ($M)
16.China Smart Water Bottle Market Revenue, 2019-2024 ($M)
17.India Smart Water Bottle Market Revenue, 2019-2024 ($M)
18.Japan Smart Water Bottle Market Revenue, 2019-2024 ($M)
19.South Korea Smart Water Bottle Market Revenue, 2019-2024 ($M)
20.South Africa Smart Water Bottle Market Revenue, 2019-2024 ($M)
21.North America Smart Water Bottle By Application
22.South America Smart Water Bottle By Application
23.Europe Smart Water Bottle By Application
24.APAC Smart Water Bottle By Application
25.MENA Smart Water Bottle By Application