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The smart bottle market size is estimated to increase by USD 141.8 million between 2022 and 2027. The market size is forecast to grow at a CAGR of 13.05%.
The growth of the market depends on several factors as the growing awareness of the importance of hydration. the rising disposable income and the rising integration of IoT and technology in smart bottles.
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One of the key factors driving the market is the rising disposable income. Individual in several countries are willing to invest in products that enhance their lifestyle and well-being due to the growth of the economies and increasing disposable income in these countries. There is an increasing adoption among several individuals as they offer advanced features and technology that go beyond traditional water bottles.
Moreover, the increasing disposable income is encouraging individuals to spend on premium products that provide convenience and enhanced functionality. Some of the features offered to enhance the user experience, such as hydration reminders, personalized hydration goals, and compatibility with smartphones and fitness devices. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market during the forecast period.
A key factor shaping the market is the rising demand for sustainable and eco-friendly smart bottles. These products are an emerging trend in the market that offers a sustainable alternative to single-use plastic bottles and helps to reduce plastic pollution and environmental impact. The main advantage of these bottles is that it designed to be reusable and durable, reducing the dependence on disposable products and thereby minimizing the the dependence on disposable bottles.
Moreover, the increasing adoption by individuals can significantly minimize the plastic and thereby positively impact the market. In addition, some of the key eco-friendly materials that are incorporated into smart bottles during manufacturing include BPA-free plastics, stainless steel, or even glass, which are popular for their minimal environmental impact. Hence, such factors are expected to drive market during the forecast period.
The high cost is one of the key challenges hindering the market. As these bottles are equipped with advanced technological features including hydration tracking, personalized reminders, and data synchronization with mobile apps, there is a significant cost associated with it. Additionally, there is a substantial production cost involved in the manufacturing of these technologically advanced smart bottles.
Therefore, it leads to higher consumer prices for these products. Thus the high prices of these products can negatively hinder the market in reaching a wider audience due to its affordability factor. Hence, such factors are negatively impacting the market growth during the forecast period.
The software segment is estimated to witness significant growth during the forecast period. There is increasing innovation and growth in the software segment of the global market due to various factors. This segment plays a major role in facilitating advanced functionalities and features that make these bottles smart. There is an increasing incorporation of various software applications, algorithms, and platforms in smart bottles that offer users a wide variety of benefits and personalized experiences
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The software segment was the largest segment and was valued at USD 73.39 million in 2017. Another significant aspect of the software segment is the mobile applications that accompany smart bottles. These applications are essentially compatible with smartphones, tablets, and wearables, which facilitate users to connect and interact with their smart bottles. The main features of such applications are that they can track and monitor their hydration levels, set goals, receive reminders, and access personalized insights about their water intake habits. Furthermore, the software segment of the comprises data analytics and machine learning algorithms that help to collect and analyze vast amounts of data regarding users' hydration patterns, temperature preferences, and usage habits. Hence, such factors are expected to fuel this segment which in turn will drive the market during the forecast period.
Based on the distribution channel, the segment is classified into online and offline. The online segment of the global market mainly comprises digital platforms, e-commerce websites, and online marketplaces where bottles are sold. Accessibility and availability of smart bottles to consumers worldwide are some of the main factors fuelling the growth of this segment. Additionally, this segment has dedicated e-commerce platforms that offer a wide range of options, enabling users to browse and purchase products without the need to visit physical stores. Hence, such factors are expected to fuel this segment which in turn will drive the market during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Some of the key factors that are significantly contributing to the growth of the market in North America are a tech-savvy population, health-conscious trends, and a strong emphasis on fitness and wellness in the region. North America has become a key hub for manufacturers and consumers due to significant innovation and cutting-edge technology adoption. There is an increasing integration of technology by consumers into their daily lives which is positively impacting the market growth in the region. Some of the key advanced technological features include hydration tracking, Bluetooth connectivity, and personalized reminders, which resonate with the region's digitally driven lifestyle. Hence, such factors are expected to drive the market growth in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ecomo Inc: The company offers smart bottles namely Ecomo Bottle with activated Carbon Fiber to remove chlorine, pharmaceuticals, pesticides, and petroleum, and Ion Exchange Fiber to remove most heavy metals, including lead, mercury, copper, and cadmium.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AARDEX Group S.A., Annanta Baby Inc., Bleaf Technologies Pvt. Ltd., Diageo Plc, EQUA d.o.o., Hamilton Housewares Pvt. Ltd., Hidrate Inc., Koninklijke Philips N.V., LARQ Inc., LifeFuels, Monos Travel Ltd., NOERDEN, Out of Galaxy Inc., Ozmo, Re Co. SA, Stoelzle Oberglas GmbH, TYLT Inc., UBO Technologies LLC, and Waterh
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
In the realm of sensor technology, Smart Bottles are revolutionizing the way individuals manage their hydration. These bottles incorporate temperature sensors, freshness timers, and drinking reminders, providing users with daily hydration statistics. The market witnesses a dual presence in ecommerce channels through both online and offline modes. Recent developments in Smart Bottle technology focus on enhancing user experiences, integrating fitness activities, and streamlining research and development operations. Technological advancements are propelling the market forward, bringing innovative solutions to consumers.
However, challenges such as fluctuating prices, high capital investment, and a dearth of awareness pose restraints to market growth. Regional analysis provides insights into market dynamics and opportunities, while market share analysis highlights key players contributing to the evolution of the market. As the market continues to expand, the scope of Smart Bottles goes beyond mere hydration tracking, making them integral to modern lifestyle management.
Smart Bottle Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.05% |
Market growth 2023-2027 |
USD 141.8 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
12.01 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AARDEX Group S.A., Annanta Baby Inc., Bleaf Technologies Pvt. Ltd., Diageo Plc, Ecomo Inc., EQUA d.o.o., Hamilton Housewares Pvt. Ltd., Hidrate Inc., Koninklijke Philips N.V., LARQ Inc., LifeFuels, Monos Travel Ltd., NOERDEN, Out of Galaxy Inc., Ozmo, Re Co. SA, Stoelzle Oberglas GmbH, TYLT Inc., UBO Technologies LLC, and Waterh |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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