Smoking Accessories Market
Smoking Accessories Market Type of Smoking Accessories (Vaporizer, Water Pipes, Dab Rigs, Grinder) & By Region (North America, Latin America, Western Europe) - Global Market Insights 2022-2032
Analysis of Smoking Accessories Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smoking Accessories Market Outlook (2022-2032)
The global smoking accessories market is valued at USD 66.98 Billion in 2022. The market is further anticipated to expand and reach USD 99.15 Billion by end of 2032. The market is likely to grow with a CAGR of 4% in the forecast period.
The report published by WHO states that the demand for tobacco has fallen by 1.3 billion over the last 2 decades. The reduction in demand for tobacco worldwide has boosted the demand for herbs that can be used as alternatives for tobacco hookah and other smokable products. The rise in consumption of various smokable medicinal herbs like Mullein, White Horehound, Hyssop, Korean Ginseng, etc. has boosted the demand for the market over the forecast period.
As per research, the number of smokers in the Asia Pacific region is expected to increase in the forecast period. There is the anticipation of smokers in the 408 million population by end of 2025. The projection of high size in this market is due to the rise in flavors of tobacco. The increasing adoption of smoking habits is a prime driver of smoking equipment demand. The major popularity of vaporizers and water pipes among youth is driving demand for this market. Often water pipes are considered a healthier alternative which propels demand further.
Report Attributes |
Details |
|
Market size (2022 A) |
USD 66.98 Billion |
|
Base Year for Estimation |
2022 |
|
Forecast duration for this research |
2022-2032 |
|
Forecasted Market value (2032 F) |
USD 99.15 Billion |
|
Global Market Growth rate (2022-2032 E) |
CAGR of 4% |
|
Key Companies Profiled |
|
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What drives demand for this market?
Vaporizers and water pipes have captured a significant market share due to their filtration abilities and portability leading to increased demand for the market. Vaporizers and water pipes have the ability to separate the tar produced from the burning of herbs which cannot enter into the body causing no harm.
Other smoking equipments like a grinder and rolling paper are used for grinding and rolling herbs leading to an increase in the quality of herb mixture for burning. Reduction in demand for tobacco hookah, and rising awareness about nicotine-free alternatives are likely to boost the demand in the smoking accessories market over the forecast period.
“The rise in demand for Smokable herbs is likely to foster demand for accessories”
The demand for smokable herbs is likely to increase demand for accessories in the forecast period. Various government initiatives and restrictions towards tobacco consumption are likely to uptick the demand for smokable herbs which in turn increases the demand for the smoking equipment market. Moreover, developing economies show a decrease in per capita consumption. However, an increase in the trend of smoking tobacco is likely to boost the demand for the market.
What restraints affect this market?
“Market stagnation due to Covid-19 pandemic”
The government-imposed lockdown has shut down all the transport of non-essential goods. The supply chain for all the smoking equipment has been disrupted as all the wholesale and retail smoking equipment market has shut down owing to the Covid-19 pandemic. Moreover, demand for tobacco and other legal smokable herbs has decreased which is contributing to decreasing in demand for the smoking accessories arcade for a short period of time.
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Competitive landscape
“Product Innovation and Product Launch are Prominent Strategies of Tier Players to Expand their Market Share”
The prominent players in the market are likely to boost the technology adoption for their products in order to increase the quality of smoking owing to increased demand. For instance, hubbly bubbly, Inc. one of the prominent players in vaporizer manufacturing has launched E- heads that can adjust the vapor intensity and show the battery level of the vaporizer.
Moreover, Dash Vapes, Inc. one of the prominent players has launched a wide variety of vaping mods to enhance the quality of smoking. The prominent water pipes and rolling paper manufacturers are Roor, Empire Glassworks, Black Leaf, Elements Rolling Papers and RYO Accessories, OCB Rolling papers, Natural Emphasis Ltd, etc. Elements Rolling Papers and RYO Accessories being one of the significant players has launched natural and ash-free rolling paper to smoothen the smoking experience.
Regional Outlook
Asia Pacific is dominant in the global market of smoking equipment as it held the maximum share in terms of revenue. The share of this region is above 45% in 2021 also it’s anticipated to CAGR of 4.4% in forecast years. Also, there is a rise in the number of companies in smoking accessories in this region contributing to fostering the demand.
The Asia pacific is indicative of a rising population which includes the youth segment that demands these accessories. The flourishing adoption of western lifestyles is a propellant for market share.
After Asia Pacific, the North American region is reigning in the smoking accessories segment which is anticipated to gain significant CAGR in the forecast period. There is a decline in demand for traditional cigarettes is coupled with a rise in flavors and vaporizers which attributed is to a rise in demand. Legalized cannabis usage is anticipated in increasing demand for this access the in the forecast period.
Segment Wise Insights
Based on type, the smoking accessories market is classified into different parts based on types of accessories and applications. Among all of the smoking equipment, vaporizers and water pipes are prominently used because of their filtration abilities. With a market share of nearly 33.0% in 2021, the vaporizer sector led the smoking accessories industry. During the forecast period, the segment is anticipated to experience the highest CAGR of 4.5%.
The significant acceptance and usage of vaporizers as a superior alternative to devices that produce smoke is credited with the segment's dominance and growth. They are extremely suited because they don't produce tar or hazardous compounds like carbon monoxide.
Vaporizers have a broad variety of settings and a large selection of flavors to choose from, which are increasing their popularity and fuelling segment growth. Additionally, vaporizers are an investment that only needs to be made once and can be kept in use for a longer time.
Based on the distribution channel the offline sales channel dominates this market in terms of sales. However online retails are likely to increase in upcoming years owing to the rising number of e-commerce users. Self-driven customers are anticipated to take online sales channels ahead in the forecast period.
Smoking Accessories Market: Segmentation
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By Smoking Accessories :
- Vaporizer
- Water Pipes
- Dab Rigs
- Grinder
- Rolling paper
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By Region :
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Peru
- Western Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Nordics
- Eastern Europe
- Russia
- Poland
- CIS
- Asia-Pacific
- China
- India
- ASEAN
- South Korea
- Japan
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Iran
- Israel
- North America
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Smoking Accessories 7. Global Market Analysis and Forecast, By Smoking Accessories 7.1. Vaporizer 7.2. Water Pipes 7.3. Dab Rigs 7.4. Grinder 7.5. Rolling paper 8. Global Market Analysis and Forecast, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. East Asia 8.6. South Asia & Pacific 8.7. MEA 9. North America Sales Analysis and Forecast, by Key Segments and Countries 10. Latin America Sales Analysis and Forecast, by Key Segments and Countries 11. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 12. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. MEA Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Roor 18.2. Empire Glassworks 18.3. Black Leaf 18.4. Elements Rolling Papers 18.5. RYO Accessories 18.6. OCB Rolling papers 18.7. Natural Emphasis Ltd
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List Of Table
Table 01: Global Market US$ Bn Forecast by Region
Table 02: Global Market US$ Bn Forecast by Smoking Accessories
Table 03: North America Market US$ Bn Forecast by Country
Table 04: North America Market US$ Bn Forecast by Smoking Accessories
Table 05: Latin America Market US$ Bn Forecast by Country
Table 06: Latin America Market US$ Bn Forecast by Smoking Accessories
Table 07: Western Europe Market US$ Bn Forecast by Country
Table 08: Western Europe Market US$ Bn Forecast by Smoking Accessories
Table 09: Eastern Europe Market US$ Bn Forecast by Country
Table 10: Eastern Europe Market US$ Bn Forecast by Smoking Accessories
Table 11: East Asia Market US$ Bn Forecast by Country
Table 12: East Asia Market US$ Bn Forecast by Smoking Accessories
Table 13: South Asia & Pacific Market US$ Bn Forecast by Country
Table 14: South Asia & Pacific Market US$ Bn Forecast by Smoking Accessories
Table 15: MEA Market US$ Bn Forecast by Country
Table 16: MEA Market US$ Bn Forecast by Smoking Accessories
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Insights on import/export production,
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 03: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 05: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 06: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 07: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 08: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 09: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 10: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 11: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 12: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 14: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 15: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Smoking Accessories
Figure 16: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the present market size of this industry?
The global smoking accessories market is valued at USD 66.98 Billion in 2022.
What is the future market outlook?
The market is further anticipated to expand and reach USD 99.15 Billion by end of 2032.
What is the rate of growth in this segment?
The market is likely to grow with a CAGR of 4% in the forecast period.
Which region has the maximum share?
The Asia Pacific region has the dominant share in the smoking equipment market.
Who are the prominent players in this sector?
The key players in the industry are - • Roor • Empire Glassworks • Black Leaf • Elements Rolling Papers • RYO Accessories • OCB Rolling papers • Natural Emphasis Ltd
Smoking Accessories Market