PUBLISHER: Lucintel | PRODUCT CODE: 1417818
PUBLISHER: Lucintel | PRODUCT CODE: 1417818
Smoking Accessory Trends and Forecast
The future of the global smoking accessory market looks promising with opportunities in the waterpipes, vaporizers, rolling paper & cigarette tubes,lighters and filter & paper tip markets. The global smoking accessory market is expected to reach an estimated $87 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing trend of producing unique and innovative items along with the growing global smoking population and growing trend of customers choosing to produce their own tobacco rather than purchasing factory-made goods since they may save money and have their demands personalized.
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Smoking Accessory by Segment
The study includes a forecast for the global smoking accessory by type, distribution channel, and region.
List of Smoking Accessory Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smoking accessory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smoking accessory companies profiled in this report include-
Smoking Accessory Market Insights
Lucintel forecasts that offline will remain the largest segment over the forecast period due to extensive accessibility of the channel to consumers.
Within this market, vaporizer is expected to witness the highest growth due to widespread adoption and utilization of vaporizers as a preferable alternative to smoke-producing products.
APAC will remain the largest region over the forecast period due to rising usage and acceptance of smoking accessories, as well as a rise in the number of youth smokers.
Features of the Global Smoking Accessory Market
Market Size Estimates: Smoking accessory market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Smoking accessory market size by type, distribution channel, and region in terms of value ($B).
Regional Analysis: Smoking accessory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, distribution channel, and regions for the smoking accessory market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smoking accessory market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the smoking accessory market size?
Answer: The global smoking accessory market is expected to reach an estimated $87 billion by 2030.
Q2. What is the growth forecast for smoking accessory market?
Answer: The global smoking accessory market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the smoking accessory market?
Answer: The major drivers for this market are growing trend of producing unique and innovative items along with the growing global smoking population and growing trend of customers choosing to produce their own tobacco rather than purchasing factory-made goods since they may save money and have their demands personalized.
Q4. What are the major segments for smoking accessory market?
Answer: The future of the smoking accessory market looks promising with opportunities in the waterpipes, vaporizers, rolling paper & cigarette tubes,lighters and filter & paper tip markets.
Q5. Who are the key smoking accessory market companies?
Answer: Some of the key smoking accessory companies are as follows.
Q6. Which smoking accessory market segment will be the largest in future?
Answer: Lucintel forecasts that offline will remain the largest segment over the forecast period due to extensive accessibility of the channel to consumers.
Q7. In smoking accessory market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising usage and acceptance of smoking accessories, as well as a rise in the number of youth smokers.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.