The global smart water bottle market is anticipated to grow at a steady pace over the forecast period due to increasing awareness among people about health, fitness, and weight-loss. The launch of “The Hug” device by Caktus Inc. and BluFit bottle by BluFit Inc. have enthused the initiation of the smart water bottle market, which is further expected to revolutionize market over the forecast period. Smart water bottle technology is foreseen to use technology to reveal health statistics by means of any electronic device or merchandise and integrate automated tracking of daily activity or work, either integrated on the water bottle itself or is autonomous.
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Growing interest towards contemporary health gears and sensor integration such as humidity sensor and temperature sensor amalgamated with water bottles, are expected to play a pivotal role in its market growth. Surging proclivity towards modern widgets with innovative features and new product developments and in health & fitness wear segments are expected to emerge as major benefactors for the smart water bottle market.
High-power necessities and limited battery life of aligned products under smart water bottle segment are expected to hinder the growth of market under focus. High capital investments and a certain degree of comprehensive technical expertise to operate these paraphernalia are anticipated to serve as other restraints.
The smart water bottle market can be segregated on basis of product into smart tracker bands and smart water bottles. Smart tracker bands only consist of an autonomous band that can be attached to consumer preferred bottle. Based on the type of sensors integrated in bottles, the market can be segregated into pressure sensors, temperature sensors, and humidity sensors. In smart water bottles, the sensory device is integrated to bottles and the consumer can monitor through his smartphone or any associated gadget.
Demand for high-tech products and surging attentiveness of people towards technological advancements is foreseen to derive smart bottle growth in North American market, followed by the European continent. The Asia-Pacific market is foreseen to reveal a noteworthy growth rate over the forecast period owing to the increasing health consciousness amongst people.
Leading market players in the smart bottle business over the forecast period comprise Caktus Inc., BluFit, and HydraCoach Inc. The leading purveyors continue to establish pioneering expertise in the smart bottle, thereby increasing their analogous product lines.
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