The global smart water bottle market size is projected to reach USD 48.7 Million by 2025, expanding at a CAGR of 25.7%, according to a new report by Grand View Research, Inc. The increasing awareness for adequate water intake among people of various age groups is anticipated to fuel the market growth.
Recent
technological advancements have resulted in the implementation of technologies
such as Internet of Things (IoT) and Artificial Intelligence (AI) in water
bottles. These technologies provide information to users regarding their
hydration level and intervals of water intake. Many companies have developed
several mobile applications that provide personalized daily hydration goals to
users.
The
hydration tracking apps segment is expected to witness lucrative growth over
the forecast period owing to the large-scale adoption of smartphones, fitness
trackers, and various smart devices. Many smart water bottles include smart
caps and sensor bands that are compatible with any regular bottles, thereby
increasing the demand for the hardware segment.
The
intelligent water bottles are expected to reduce the plastic waste generated
across the globe, as these bottles are reusable and made of Bisphenol A (BPA) -
free polymer material such as Tritan. The use of Tritan in manufacturing
interactive bottles is anticipated to boost the demand for the bottles owing to
their light weight and durable properties.
Since
the industry is still in the evolving stage, majority of its sales occur
through online distribution channel. Moreover, the product has not yet reached
all the retail stores and shopping markets, thereby limiting the scope of
offline sales. However, increasing technology trends is anticipated to bolster
the offline sales over a period of time.
Full Research Report On Smart Water Bottle Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/smart-water-bottle-market
Further key
findings from the report suggest:
- The demand
for global smart water bottle market is expected to gain traction owing to
the increasing awareness regarding fitness and health. The market is
projected to register a CAGR of 25.7% over the forecast period.
- The polymer
segment dominated the market in 2016 owing to the durability of the
material. It is estimated to generate a revenue of USD 38,458.2 thousand
by 2025
- The metal
segment is anticipated to witness growth at a CAGR of 23.4% over the next
eight years owing to its BPA-free properties
- The hardware
segment captured a major market share in terms of revenue owing to the
ease of use. It is expected to reach USD 25,388.3 thousand by 2025.
- The Asia
Pacific regional market is projected to witness substantial growth over
the forecast period owing to the increasing technological developments. It
is expected to attain USD 10,429.6 thousand by 2025
- Key vendors
in the smart bottle market include Caktus, Inc., Ecomo, Groking Lab
Limited, Hidrate Inc., HydraCoach, Inc., Moikit, Open-2, LLC, Out of
Galaxy, Inc., Thermos L.L.C., and Trago, Inc.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/smart-water-bottle-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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