Press release
Smart Bottle Market is projected to grow at a CAGR of 28% by 2023
Smart Bottle Market is expected to grow at a CAGR of 28% from 2017 to 2023. Smart water bottle is generally used in order to update the consumer on the level of hydration in the body. It collects and tracks different information such as weight, age, temperature, etc. Rising concerns among people regarding fitness, weight-loss and health is anticipated to propel the growth of smart bottle market in the next few years.Access Full Summary: https://www.progressivemarkets.com/industry-research/smart-bottle-market
Based on technology, the Smart Bottle Market is divided into hardware, application and inbuilt. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Smart Bottle Market Dynamics:
Drivers:
Rising spending capacity of consumers and an inclination in the living standard of people is anticipated to impel the market growth.
Escalation in the acceptance of smart water bottle from health conscious people
Restraints:
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Limited battery life of aligned products under smart bottles is likely to retrain the market growth
Smart Bottle Market Players:
Top market players include Caktus Inc., BlueFit, and HydraCoach Inc. Companies are anticipated to focus on technological innovation and new and innovative product development in order to maintain their presence in the market thereby increasing their product portfolio.
KEY TAKEAWAYS
Global Smart Bottle Market
MARKET LANDSCAPE
By Technology
Hardware
In-built
Application
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of the Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.
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