Rise in herbal Smoking likely to augment the demand for smoking accessories during forecast period
The report published by WHO states that the demand for tobacco has fallen by 1.3 billion over the last 2 decades. Reduction in demand of the tobacco worldwide has boosted the demand for the herbs that can be used as alternative for tobacco hookah and other smokable products. Rise in consumption of various smokable medicinal herbs like Mullein, White Horehound, Hyssop, Korean Ginseng etc has boosted the demand for smoking accessories market over the forecast period.
Vaporizer and Water Pipes being significantly safe which likely to Boost the Demand of Smoking Accessories Market
Vaporizer and water pipes have captured the significant market share due to their filtration abilities and portability leading to increased demand for smoking accessories market. Vaporizers and water pipes have ability to separate the tar produced from burning of herbs due to which cannot enter into body causing no harm. Other smoking accessories like grinder and rolling paper are used for grinding and rolling of herbs leading to increase in quality of herb mixture for burning. Reduction in demand of tobacco hookah, rising awareness about nicotine free alternatives is likely to boost the demand of smoking accessories market over the forecast period.
Smoking accessories market: Segmentation
Based on type, smoking accessories market is classified into the different parts based on types of accessories and application. Among all of the smoking accessories vaporizer and water pipes are one of the prominently used because of their filtration abilities.
Based on type smoking accessories market is segmented into
- Water Pipes
- Dab Rigs
- Rolling paper
Emerging Economies Helping to Stabilise the Demand for Smoking Accessories Market
Emerging economies like China and India have shown considerable growth in tobacco consumption leading to increase in demand for smoking accessories in recent times. Moreover, shifting trends towards herbal and nicotine free smoking helping to augment the demand for smoking accessories market in developed economies like North America and Europe. Various government initiatives and restrictions towards tobacco consumption is likely to uptick the demand for smokable herbs which in turn increases the demand for smoking accessories market. Moreover, developing economies showing the decrease in per capita consumption. However, increase in trend of smoking tobacco is likely to boost the demand for smoking accessories market.
Impact of COVID-19 on Smoking Accessories Market
The government-imposed lockdown has shut down all the transport of non-essential goods. Supply chain for all the smoking accessories has disrupted as all the wholesale and retail smoking accessories market has shut down owing to Covid-19 pandemic. Moreover, demand for tobacco and other legal smokable herbs has been decreased which is contributing towards decrease in demand for the smoking accessories market for short period of time.
Product Innovation and Product Launch are Prominent Strategies of Tier Player to Expand its Market Share
The prominent players in the market is 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 player in vaporizer manufacturing has launched E- heads that can adjust the vapour intensity and show the battery level of vaporizer. Moreover, Dash Vapes, Inc. one of the prominent players has launched 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 player has launched natural and ash free rolling paper to smoothen the smoking experience.
The research report presents a comprehensive assessment of the Smoking Accessories, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the segments in the Smoking Accessories, such as geography, product type, type, and sales channel.
The Smoking Accessories report covers exhaustive analysis on:
- Smoking Accessories Segments
- Smoking Accessories Market Dynamics
- Smoking Accessories Market Size
- Supply & Demand of Smoking Accessories
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Smoking Accessories
- Value Chain of the Smoking Accessories
Regional analysis for the Smoking Accessories includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report on the Smoking Accessories provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per the segments of the Smoking Accessories. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the Smoking Accessories industry
- In-depth market segmentation of Smoking Accessories
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Smoking Accessories
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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