Global Smart Water Bottle Market 2021 Cost, Analysis, Size, Share, Trend, Segment, Trade, Investment, Exchange Rate and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Global Smart Water Bottle Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Smart Water Bottle Market products.

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Smart Water Bottle Market Overview

Smart water bottle is a bottle which is used to update the consumer on the level of hydration in the body. It collects and tracks different information from the user such as weight, age etc. and tracks the time and amount of water intake by the user. Further, based on the information collected, a smart water bottle tracks the amount of water drunk by the user and automatically reminds the user to drink the water before body gets dehydrated.

Smart water bottle can detect the surrounding environment, such as the temperature and whether it’s night or day time. The water bottle connects to the water app that can sync with most major fitness trackers and can track things like daily hydration habits.

Market Size and Forecast

The global smart water bottle market is expected to grow at a CAGR of 15.2% over the forecast period i.e. 2017-2024. Further, smart water bottle market is anticipated to reach USD 238 Million globally by 2024. The smart water bottle is likely to witness high demand owing to the rising concerns among people regarding fitness, weight loss and health. Moreover, rising per capita income and increasing adoption of advanced technologies is anticipated to foster the growth of smart water bottle market globally.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Geographically, North America and Europe are the two largest markets for smart water bottles. North America is the dominant market for smart water bottles and likely to grow at a tremendous pace over the forecast period. Further, increasing concern related to healthcare and inclination in fitness activities in this region is envisioned to bolster the growth of smart water bottle market. U.S. is anticipated to account for the highest market share in this region by the end of 2024.

North America region stood at first position in the total revenue of smart water bottles market in 2016 followed by it, Europe and Asia-Pacific captured second and third position in the same year. Europe secured the second largest market share in smart water bottle market in the same year. Further, easy acceptance of newer and advanced technology in this region is expected to flourish the growth of smart water bottle market. Asia-pacific region is expected to witness a stupendous growth over the forecast period owing to rising disposable income of the population in this region. Further, China, India, and Japan are envisioned to capture the largest market share during the forecast period.

Key players

The major key players for smart water bottle market are as follows

Adheretech Inc.
Thermos L.L.C.
Hidrate Inc.
Spritz
Myhydrate
Kuvee
Sippo
Trago
Hydrasmart
Ecomo Inc.

Growth Drivers and Challenges

Growing healthcare awareness and increasing per capita income across the globe have increased the demand for smart water bottle among health conscious consumers. Rapid urbanization is leading to more health and fitness conscious consumers which are anticipated to impel the growth of the smart water bottle market. Further, early adoption of new technology and high purchasing power of consumers in developed nations is envisioned to bolster the smart water bottle market.

Moreover, rising disposable income and upgradation in the living standard of people is anticipated to be the dynamic factor behind the growth of smart water bottle market. In addition, this growth is attributed towards enhanced customer experience and technological advancement in fitness related products. This factor is likely to drive the growth of global smart water bottle market.

However, limited battery life of smart water bottles is expected to dampen to growth of global smart water bottle market. Moreover, high cost associated with smart water bottles is expected to hinder the growth of this market.

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Market Segmentation

Our in-depth analysis segmented the global smart water bottle market in the following segments:

By Technology

Inbuilt smart water bottle
Hardware smart water bottle
By Distribution Channel

Online store
Offline store
By Region

Global smart water bottle market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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