Market Overview:
Sports water bottles are used by athletes and consumers to carry water during sports activities and fitness routines. These bottles are made from durable plastic and metal materials to withstand impact during sports. They feature ergonomic designs for easy grip and carry along with filters and spouts for easy drinking on the go.
Market key trends:
One of the key trends spurring growth in the Sports Water Bottles Market Demand is the rising popularity of outdoor adventure activities and sports among consumers. There has been a notable increase in participation of people in mountaineering, cycling, running and other active outdoor pursuits in recent years. This has augmented demand for high-quality, leak-proof and durable water bottles for staying hydrated during physical activity. Furthermore, changing lifestyles and growing health-consciousness among consumers have promoted the adoption of fitness activities and exercise routines, thereby fueling sales of sports water bottles.
Segment Analysis:
The global sports water bottles market is segmented based on capacity, material, distribution channel and application. Based on capacity, the market is segmented into 0-20 oz, 21-40 oz, 41-60 oz and above 60 oz. Among these, the 21-40 oz segment dominates the market and accounts for over 30% of the global market share. Sports bottles with 21-40 oz capacity are ideal for outdoor sporting activities as well as gym sessions as they hold adequate water to keep one hydrated during physical activity or exercise.
Key Takeaways:
The global sports water bottles market is expected to witness high growth, exhibiting CAGR of 4% over the forecast period, due to increasing health awareness and growing demand for sports and fitness products.
Regional analysis:
North America dominates the global sports water bottles market with over 35% share. The United States accounts for the major share in the region due to growing health consciousness and high participation in sports and fitness activities. Asia Pacific exhibits the fastest growth due rising disposable income and increasing focus on physical fitness in major countries like China and India.
Key players:
Key players operating in the sports water bottles market are Nike, Adidas AG, Borosil, Milton, H2O International SA., shanghai Atlantis Industry Co. Ltd, SIGG Switzerland Bottles AG, Decathlon S.A., Puma SE, and Camlin Kokuyo. Nike dominates the market due to its well established brand presence and wide distribution network for sports goods. Decathlon also captures significant share owing to wide range of affordable sports products.
Read More:
