The Smoking Accessories Market size to grow at a CAGR of 4% from 2022 to 2027

NEW YORK, Aug. 3, 2023 /PRNewswire/ -- The smoking accessories market is projected to increase by USD 13,518.41 million and the market size is estimated to grow at a CAGR of 4% between 2022 and 2027, according to Technavio. - Download a Sample Report

Smoking Accessories Market Insights -

Vendors: 15+, Including British American Tobacco Plc, Bull Brand Ltd., Chongz Ltd., Colibri, Curved Papers Inc., DICKSON CONCEPTS INTERNATIONAL LTD, Farman Handicrafts, GRAVITRON LLC, HBI International, House of Puff, Imperial Brands Plc, Jinlin HK Smoking Accessories Co. Ltd., MOONDUST PAPER PVT. LTD., North Eye Technology Pvt. Ltd., Rocky Patel Premium Cigars LLC, Scandinavian Tobacco Group AS, Three Dots Scientific and Handicrafts, Univac Furncrafts Pvt. Ltd., Vorsicht Glas GmbH, and XL Enterprises Ltd., among others

Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

Segments: type (vaporizer, waterpipes, rolling paper and cigarette tubes, lighters, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America)

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Smoking accessories market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including - British American Tobacco Plc, Bull Brand Ltd., Chongz Ltd., Colibri, Curved Papers Inc., DICKSON CONCEPTS INTERNATIONAL LTD, Farman Handicrafts, GRAVITRON LLC, HBI International, House of Puff, Imperial Brands Plc, Jinlin HK Smoking Accessories Co. Ltd., MOONDUST PAPER PVT. LTD., North Eye Technology Pvt. Ltd., Rocky Patel Premium Cigars LLC, Scandinavian Tobacco Group AS, Three Dots Scientific and Handicrafts, Univac Furncrafts Pvt. Ltd., Vorsicht Glas GmbH, and XL Enterprises Ltd.

Smoking Accessories Market – Market Dynamics

Key drivers

The increasing number of organized retail outlets selling smoking accessories is a key factor driving market growth. The organized retail market has experienced significant growth with the emergence of store types such as supermarkets, convenience stores, hypermarkets, and specialty stores. These retail stores play an important role in the distribution of smoking accessories, making them readily available and accessible to consumers.

Large, organized retailers are the main sellers of smoking accessories, and the market depends heavily on them. In addition, the growing number of organized retail stores selling smoking accessories has led to increased competition among companies. Major global retailers such as Walmart and Target are among the suppliers of smoking accessories in their stores. Hence, these factors are expected to drive market growth in the region during the forecast period.

Major Trends

The increasing number of new product launches is a major trend in the market. Many of the world's leading suppliers of smoking accessories are launching a wide range of products, including vaporizers, pipes, cigarette cases, cigarette papers, lighters, and ashtrays. Their goal is to attract a broader consumer base and strengthen their market presence through this new product launch and expansion.

The growing number of such launches and expansions by manufacturers across the globe is a key driver for the growth of the smoking accessories market. For example, British American Tobacco launched its first CBD vaping product, VUSE CBD Zone, in January 2021. Similarly, in February 2023, Imperial Brands launched the first brand-new upgrade to its Pulze heating cigarette device. Hence, an increase in the number of product launches is expected to drive market growth during the forecast period.

Significant Challenges

Regulatory control compliance is a significant challenge restricting market growth. The smoking accessories market is closely related to tobacco consumption and smoking habits, resulting in many rules and regulations imposed by different governments around the world. These regulations govern the consumption and marketing of smoking products, which can have a significant market impact.

In addition, more and more countries are banning smoking products, which can have a negative impact on the development of the market. Various countries' import and export bans on smoking products have also reduced the consumption of cigarettes and smoking accessories. Governments in countries like India and Austria have banned smoking in public places. In addition, some governments have enacted strict regulations for broadcasting smoking advertisements. Hence, these factors are expected to restrict market growth during the forecast period.

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The smoking accessories market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Smoking Accessories Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the smoking accessories market between 2023 and 2027

Precise estimation of the size of the smoking accessories market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the smoking accessories market across APAC, North America, Europe, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of smoking accessories market vendors.

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Smoking Accessories Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2023-2027

USD 13,518.41 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.57

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

British American Tobacco Plc, Bull Brand Ltd., Chongz Ltd., Colibri, Curved Papers Inc., DICKSON CONCEPTS INTERNATIONAL LTD, Farman Handicrafts, GRAVITRON LLC, HBI International, House of Puff, Imperial Brands Plc, Jinlin HK Smoking Accessories Co. Ltd., MOONDUST PAPER PVT. LTD., North Eye Technology Pvt. Ltd., Rocky Patel Premium Cigars LLC, Scandinavian Tobacco Group AS, Three Dots Scientific and Handicrafts, Univac Furncrafts Pvt. Ltd., Vorsicht Glas GmbH, and XL Enterprises Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global smoking accessories market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Distribution channel Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Distribution Channel

6.1 Market segments

6.2 Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2022-2027

6.4 Online - Market size and forecast 2022-2027

6.5 Market opportunity by Distribution Channel

7 Market Segmentation by Type

7.1 Market segments

7.2 Comparison by Type

7.3 Vaporizer - Market size and forecast 2022-2027

7.4 Waterpipes - Market size and forecast 2022-2027

7.5 Rolling paper and cigarette tubes - Market size and forecast 2022-2027

7.6 Lighters - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 Middle East and Africa - Market size and forecast 2022-2027

9.7 South America - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 UK - Market size and forecast 2022-2027

9.11 Japan - Market size and forecast 2022-2027

9.12 Germany - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 British American Tobacco Plc

12.4 Bull Brand Ltd.

12.5 Chongz Ltd.

12.6 Colibri

12.7 Curved Papers Inc.

12.8 DICKSON CONCEPTS INTERNATIONAL LTD

12.9 GRAVITRON LLC

12.10 HBI International

12.11 House of Puff

12.12 Imperial Brands Plc

12.13 Jinlin HK Smoking Accessories Co. Ltd.

12.14 MOONDUST PAPER PVT. LTD.

12.15 Rocky Patel Premium Cigars LLC

12.16 Univac Furncrafts Pvt. Ltd.

12.17 Vorsicht Glas GmbH

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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