Water Delivery Service Market Size, Share, Growth, and Industry Growth by Type (Water Cooler Service and Bottled Water Delivery), By Application (Offices and Households), Regional Insights, and Forecast From 2023 To 2031

Updated On: 11 September 2023

Water Delivery Service Market REPORT OVERVIEW

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The global water delivery service market size was USD 19480 million in 2021 and market is projected to touch USD 29783.95 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period.

Water delivery service is any closed or open conveyance system used to move water for non-portable or portable purposes. It is used in commercial and residential areas. The service allows hassle-free delivery on doorstep. It supplies fresh and clean water among consumers. The service is very fast and customers can easily order through an application.

Increasing demand for hydration and nutrient-fortified water is expected to accelerate market growth. Growing production of packed water bottles is estimated to increase market growth. Rising awareness among population regarding health and wellness is projected to drive service demand. Increasing demand for eco-friendly and sustainable packing solutions is projected to offer a lucrative opportunity for market growth. Also, increasing concerns to consume pure water without uncertainty is estimated to propel market growth during the forecast period.

COVID 19 Impact: Lockdown Restrictions to Hamper Market Growth  

The COVID-19 pandemic posed challenges for water utilities. The market witnessed a loss of revenue. Lockdown restrictions reduced the availability of critical elements for operations such as fuel for water pumps and chemicals for water treatment. Also, during the pandemic adding costs to water services which reduced product adoption among consumers. Lack of funding and investments in the development of the services hampered market growth.

On the contrary, during the pandemic high awareness about fitness and sanitation boosted market growth. Growing demand for hydration is projected to fuel water delivery service market growth.

LATEST TRENDS 

"Growing Importance of Health and Wellness to Foster Market Growth "

Increasing importance of health and wellness among consumers is predicted to accelerate market growth. High demand for safe and pure water for drinking and easy availability. Such factors are estimated to increase service demand. Less consumption of water creates an unhealthy cycle and can lead to various health problems. Increasing demand to reduce health problems is projected to drive market growth during the forecast period. Drinking water have positive impacts on health, such as clearer memory, positive mood, and improved digestion. Such positive benefits are estimated to accelerate market growth. Also, today’s population is depending more on drinking water instead of soft drinks such as Coca-Cola, Thumps Up, and others. Increasing shift towards premier and pure water services is anticipated propel water delivery service market growth.

Water Delivery Service Market SEGMENTATION

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• By Type

Based on type, the market is divided into water cooler service and bottled water delivery.

Water cooler service is the leading part of segmentation type.

• By Application

Based on the application, the market is divided into offices and households.

Offices are the leading part of application segmentation.

DRIVING FACTORS

"Boosting Employee Morale and Productivity to Stimulate Market Expansion"

Increasing demand for employee healthcare in multiple organizations is expected to favor market growth. The service helps employee to do their job comfortably and improve moods. Such factors are estimated to accelerate market growth. Also, staying hydrated prevents feelings of dizziness which encourage better productivity is estimated to fuel market growth. Water breaks helps employees in mental reset between tasks. The service ensure everyone should be hydrated after meal. Such benefits are predicted to accelerate market growth in working areas. Increasing preference to have water delivery in the location instead of running every day to store is anticipated to propel service demand. The service allows employees to have access to refreshments whether they are on the first, second, or third shift. These factors are predicted to accelerate water delivery service market growth during the forecast period.

"Growing Crisis of Water Resources to Boost Market Growth"

Water is essential for the survival for living creatures. Increasing misuse of water limited water production. Increasing water pollution and uncertainty of purity of water is expected to drive service adoption. Lack of water resources in multiple areas is estimated to boost market growth. Growing natural disasters and high demand for water supply is expected to boost market growth during the forecast period. The service provides hassle-free doorstep delivery is projected to encourage market growth. In addition, no risk transactions and no extra payment are estimated to drive water delivery service market growth.

RESTRAINING FACTORS

"High Prices of Service to Restrict Market Growth "

The high price associated with the service is expected to restrict market growth. Lack of awareness about the service is predicted to hamper market growth during the forecast period.

Water Delivery Service Market REGIONAL INSIGHTS

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"Increasing Awareness Regarding Health in Asia Pacific to Drive Market Share"

Asia Pacific is expected to hold largest water delivery service market share due to growing awareness regarding health and wellness. High population in the countries such as China and India is estimated to boost service demand. Increasing demand for hydration and nutrient-fortified water is projected to drive market growth. Growing number of organizations have been giving high preference to employee health is estimated to propel market growth during the forecast period. Presence of several organizations and companies in the region is predicted to surge market growth.

North America is expected to witness considerable market growth due to growing trend of living a healthy life. Increasing sports and other physical outdoor activities are estimated to propel market growth. Increasing preference for safe water is estimated to accelerate market growth in the coming years. Presence of major market players in the region is anticipated to accelerate product demand. High demand for the service in organizations and companies is estimated to propel market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopted Acquisition Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Primo Water (U.S.)
• Costco Wholesale (U.S.)
• Culligan (U.S.)
• Nestlé (Switzerland)
• Absopure (U.S.)

INDUSTRIAL DEVELOPMENT

January 2022 – Primo Water Corporation is a leading provider of sustainable drinking water solution. The company announced acquisition with two leading independent distributors of Primo’s Mountain Valley and Clear Mountain Refreshment. This acquisition will expand the customer base for both the companies

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.