Global Smoking Accessories Market

Smoking Accessories Market Size, Share, Growth Analysis, By Type(Waterpipes, Vaporizers, Rolling Paper & Cigarette Tubes, Lighters), By Age Group(Below 18 Years, 18 To 30 Years, 30 To 50 Years, above 50 Years), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30J2022 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 92 | Figures: 77

Smoking Accessories Market Regional Insights

Asia Pacific, which had the highest revenue share of over 46.0% in 2021 and is predicted to grow at the fastest rate of 4.4% over the course of the forecast period, dominated the smoking accessory market. The rise of the regional market is influenced by the rising percentage of young smokers in the population as well as the increased use and adoption of smoking accessories as they pick up the habit to appear trendy. The incidence of smoking in the area is rising along with the population growth, which has prompted a rise in the usage of smoking accessories. Consumers in the area are embracing western lifestyles more frequently along with their rising disposable money, which is aiding in the market's growth.

The market for smoking accessories in North America is anticipated to expand significantly between 2022 and 2030. The market expansion in the region is attributed to the increased demand for make-your-own-tobacco cigarettes and joints, as well as the rising popularity of vaping and the declining demand for traditional tobacco products and cigarettes. Due to the rising popularity and use of nicotine products among women, students, and young people who require smoking accessories, the market in the region is growing. Also, the availability of cannabis that has been synthesized and reproduced increases demand for smoking equipment.

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Global Smoking Accessories Market size was valued at around USD 69.52 billion in 2022 and is poised to grow from USD 72.35 billion in 2023 to USD 99.55 billion by 2031, at a CAGR of 4.07% over the forecast period (2024–2031).

The global players implementing product innovation strategies have established an extremely fragmented and competitive market for smoking accessories. To strengthen their position in the market, major companies are engaging in a variety of actions. These actions include strategies including strategic partnerships, acquisitions and mergers, the creation and introduction of new products, global expansion, and others. 'S.T. Dupont', 'Colibri', 'Zippo', 'Clipper', 'RAW Rolling Papers', 'Juicy Jay's', 'Elements Rolling Papers', 'OCB', 'Roor', 'Grav Labs', 'H. Upmann', 'La Gloria Cubana', 'Rocky Patel Premium Cigars', 'Vector Group Ltd', 'Scandinavian Tobacco Group A/S', 'Altria Group Inc', 'Japan Tobacco Inc', 'British American Tobacco PLC', 'Imperial Brands PLC', 'Philip Morris International Inc.', 'Others.'

The market for smoking accessories is projected to rise as more countries and states legalize cannabis for medical and recreational purposes.

A growing number of people are turning to vaporizers as an alternative to smoking because of their supposed health advantages and stealth appearance. As a result, it is expected that in the coming years the market for vaporizer accessories, such as replacement parts and chargers, may grow.

Asia Pacific, which had the highest revenue share of over 46.0% in 2021 and is predicted to grow at the fastest rate of 4.4% over the course of the forecast period, dominated the smoking accessory market. The rise of the regional market is influenced by the rising percentage of young smokers in the population as well as the increased use and adoption of smoking accessories as they pick up the habit to appear trendy. The incidence of smoking in the area is rising along with the population growth, which has prompted a rise in the usage of smoking accessories. Consumers in the area are embracing western lifestyles more frequently along with their rising disposable money, which is aiding in the market's growth.

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Global Smoking Accessories Market

Report ID: SQMIG30J2022

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