Smart Metal Water Bottle Market Size (2023-2030)

In 2022, the Global Smart Metal Water Bottle Market was valued at $21.56 million, and is projected to reach a market size of $89.72 million by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 19.51%.

Market Overview:

The global smart water bottle market size was valued at USD 21.56 million in 2023 and is anticipated to witness lucrative growth rates over the next few years. Factors such as increasing awareness among consumers about maintaining the water hydration level in the body and surging disposable income are likely to drive market growth.The growing health consciousness among individuals across the globe is significantly fuelling the growth of the global smart water bottle market. Government official initiatives such as ‘Swachh Bharat Abhiyan’ by the government of India to minimize plastic waste generation and promote the use of reusable materials are on a surge. Additionally, advancements in the fields of chemicals and materials have promoted the development of the Bisphenol A (BPA)-free polymer ‘Tritan’, which is used for manufacturing the bottles.

COVID-19 Impact on the global Smart Metal Water Bottle Market:

This market is estimated to be critically affected during the COVID-19 pandemic due to disruptions in the global supply chain. The sudden emergence and the rise in the number of cases led to the imposition of lockdowns by various governments of the economies, thereby affecting economic development critically. Further, the restrictions in the travel and transport sector led to the lack of availability of raw materials and caused price fluctuation of these raw materials.

Market Drivers:

The growing health awareness and concerns are boosting the market economy for the global smart metal water bottle:

The swiftly changing lifestyle dynamic of consumers is the prime factor leading to the increasing awareness of health. The growing consciousness towards health by both young and adults is augmenting the need for Smart Metal Water Bottle Market. The use of smart bottles as a gym and fitness accessory is also considered the major driving factor and is influencing the requirement for smart metal water bottles in gyms and sports clubs.

Integration of emerging technology across various industry verticals are bolstering the future of smart metal water bottle market:

The surging number of fitness enthusiasts is driving the adoption of emerging technology such as the use of wearable devices, fitness trackers, smart bands, and other hydrating tracking applications. The introduction of AI along with the internet of things is also playing a major role in providing information to smart water bottle users about their hydration levels. The smart water bottle connects to any mobile device through Bluetooth or the internet and can be easily accessible from any location. Furthermore, the use of sensor technology is also highly gaining attention and will further drive the Smart Water Bottle Market in the coming years.

The increased disposable income of the consumers is bound to draw the demand for smart metal water bottles:

The increasing disposable income and improved standard of living are estimated to drive industry growth over the forecast period. Fitness enthusiasts are increasingly opting for products that enhance their experience of exercising, subsequently increasing the demand for these water bottles.

Market Restraints: 

The high cost and battery life issues may hamper the global market growth:

The high cost of smart metal water bottles is the major challenge that is affecting the growth of the global market. They have in-built sensor technology which also includes major technical functions such as information about the hydration level and are connected with mobile apps which leads to an increase in cost. Moreover, the average battery life of a smart water bottle is 6 months and significantly gets reduced due to alerts or time taken while connecting it to any mobile app which further leads to inaccuracy.

SMART METAL WATER BOTTLE MARKET REPORT COVERAGE:

This research report on the global Smart Metal Water Bottle Market has been segmented and sub-segmented based on Components, Distribution Channels, Regions, and Key Companies.

Smart Metal Water Bottle Market – By Component.

• In-built

• Hardware

• Tracking Applications

Based on the type of component, the smart metal water bottle market has been segmented into 3 segments – In-built, Hardware and Tracking Application.The Hydration tracking apps segment holds the highest share in the Smart Metal Water Bottle Market in 2023 at 67.24%.  The majority of bottle manufacturers are providing their users with accurate information about their daily intake and allowing them to set personalized hydration goals. As hydration technology has become essential for both youth and adults, the apps are becoming personal assistants to help users achieve their daily hydration targets.The in-built hardware technology is also playing a major role in enhancing the use of smart metal water bottles. This technology primarily comprises smart caps or smart lids which contains sensors, liquid thermometer, LEDs, sensor bands, and so on, and enables the smart water bottle to record the amount of water consumed and also indicates the quantity of water remaining in the bottle.

Smart Metal Water Bottle Market – By Distribution Channel.

• Online Mode
• Offline Mode

Based on the type of component, the smart metal water bottle market has been segmented into 2 segments – Online Mode and Offline Mode.

The majority of the sales occur through the online distribution mode, as smart metal water bottles don’t have such high availability in retail stores and other offline stores. The online distribution channel is forecasted to grow at a CAGR of 8.9% through 2030. It is commonly preferred by customers due to the increasing sales by e-commerce platforms and the easy payment options provided by these channels.

Smart Metal Water Bottle Market – By Region.

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East and Africa

Based on region, the Smart Metal Water Bottle Market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa. North America dominates and holds the largest revenue share in the Smart Metal Water Bottle Market with a share of more than 35%, followed by the APAC region and Europe. The increasing need for advanced fitness tracking systems and the rising purchasing power of customers are fuelling the growth of the Smart Water Bottle Market in this region. Moreover, the inclining consumer interest in health clubs and the usage of technology-embedded gym accessories and fitness trackers are also the major factors that are propelling the market growth in North America.

Smart Metal Water Bottle Market – By Companies.

1.     Caktus, Inc

2.     Ecomo

3.     Groking Lab Limited

4.     Hidrate Inc

5.     Hydracoach, Inc 

6.     Moikit

7.     Open-2, Llc

8.     Out Of Galaxy, Inc

9.     Thermosl L C

10.     Trago,Inc

The smart metal water bottle market is highly fragmented and extremely competitive with key players involved in R&D and constant technological innovation done by the vendors.

Recent Industry Key Developments:

• In March 2021, Bottel, an Australian-based brand created a feature – a glowing flashlight as a reminder to drink water. Botell has been dubbed as the 'next generation' of water bottles and can keep track of how much more water you need to drink in a day to stay hydrated and hit the hydration goal.

• In September 2019, Lifefuels, announced the launch of a smart nutrition bottle. It includes three-part systems such as a sleek, smart water bottle and flavorful and nutritious multi-serve FuelPods. It also includes an app for tracking both hydration and nutrition in the user.