Press release
Smart Water Bottle Market to Record a Healthy CAGR of 27.5% by 2020
Click to View Complete Report @ https://www.futuremarketinsights.com/reports/smart-water-bottle-market
Inbuilt smart water bottle was valued US$ 1.0 million in 2014 with 40.1% market share. It is expected to lose out its market share by 640 BPS. Hardware smart water bottle is the largest segment in terms of revenue with 57.7% market share and likely to maintain its dominance in the forecast period with 63.6% market share reflecting an increase of590 BPS over the forecast period.Application smart water bottle is likely to exhibit highest CAGR of 32.2% during 2015-2020 with rising y-o-y growth through the forecast period.
Growing health awareness and increasing per capita income across the globe has increased the acceptance for smart water bottle among health conscious consumers. North America is the most lucrative region for smart water bottle market, followed by Europe. This is attributed to growing interest towards technology advancement and demand for high-tech products. On the other hand, the Asia-Pacific smart water bottle market is expected to exhibit a significant growth rate during the forecast period, owing to growing awareness towards health and wellness among people.
Key participants in the global smart water bottle market continue to introduce innovative technology in the smart water bottle, thereby expanding their respective product lines. Key players in the global smart water bottle market include BluFit, HydraCoach, Inc., and Caktus Inc.
Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/smart-water-bottle-market/toc
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