What is the global market size of Smoking Accessories Market?

Smoking Accessories Market size was valued at around USD 66.8 billion in 2021 and is poised to grow from USD 69.52 billion in 2022 to USD 91.9 billion by 2030, at a CAGR of 4.07% over the forecast period (2022–2030).

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 News

In February 2024, Giift, a renowned leader in loyalty solutions serving various industries globally, has announced a strategic collaboration with Prepay Nation, a globally recognized B2B prepaid products marketplace pioneering cross-border transfers.
In March 2024, Shell and Lekkerland have extended their longstanding partnership for an undisclosed number of years to enhance the retail operations at approximately 2,000 stations across Germany.
In March 2024, El Septimo and S.T. Dupont, two esteemed European luxury brands, have joined forces to create a distinctive capsule collection within the cigar industry. This collaboration marks a harmonious blend of El Septimo, renowned for its premium cigars and luxury accessories from Switzerland, and S.T. Dupont, a French icon celebrated for crafting luxury lighters, elegant writing instruments, and refined leather goods. Together, these prestigious brands are set to introduce a collection that embodies a fresh interpretation of luxury and craftsmanship in the cigar industry.

Smoking Accessories Market Report Snapshots

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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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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

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