Future Market Insights (FMI) has forecasted that the market for smart water bottles will expand at a CAGR of roughly 11% through 2031. Both an increase in per capita IT spending and a rise in health concerns have had a substantial impact on people’s perceptions of smart water bottles. The demand for intelligent water bottles will increase as more people realize how important staying hydrated is. Different varieties of cutting-edge water bottles are being developed by a number of the leading smart bottle manufacturers based on user desires.
Most smart water bottles come pre-installed with the software needed to connect to a smartphone app. A smartphone app can commonly be used to track a person’s basic water intake. One way to maintain motivation to keep drinking is to be able to track daily progress and determine how much more needs to be consumed to reach their daily water consumption goal.
Some smart bottles could also be connected to fitness trackers and apps like FitBit, Apple Watch, Amazon Echo, and others. The majority of contemporary tools and software enable users to monitor their water intake. However, a lot of individuals like the capability to link the smart water bottle with a fitness app or tracker and obtain more thorough statistical data from it. It paints a more accurate image of how much water is consumed daily. For younger generations that engage in physical activities like running, going to the gym, and participating in sports, this capacity may be essential.
For instance, the Apple-compatible Thermos linked hydration bottle with smart top’s smartphone app has an activity tracker and hydration target settings. Due to this device’s compatibility with Fitbit accounts, you may track more than just general fitness with it. The Smart Lid can track and monitor beverage consumption, in addition, to quickly measuring the temperature of the bottle’s contents. Additionally incorporated is 75-foot-range Bluetooth connectivity.
Key Takeaways From The Smart Water Bottle Market Study
- Based on type, smart water bottles manufactured using polymers will be in high demand
- In terms of the price range, sales in the US$40-US$60 segment are expected to grow at a rapid pace.
- In terms of sales channels try improving, despite the economy’s current difficulties, which is a sign that suggests new prospects.
Who is Winning?
To increase sales of smart water bottles globally, the top producers are concentrating on aggressive promotional tactics, commercials, and new product introductions.
Caktus, Inc., Ecomo, Grokking Lab, Ltd., Hidrate, Inc., Open-2, Moikit, Thermos LLC, Trago, Inc., Hydra Coach, Inc., and Lifefuels, Inc. are a few businesses that operate in the smart water bottle sector.
Smart Water Bottle Market By Category By Type:
By Price Range:
- Below US$ 20
- US$ 20- US$ 40
- US$ 40- US$ 60
- Above US$ 60
By Sales Channel:
- Supermarkets/ Hypermarkets
- Multi-Brand Stores
- Specialty Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channel
- North America
- Latin America
- East Asia
- South Asia
- the Middle East and Africa (MEA)