Analysis of Smoking Pipe market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to the latest research by Fact MR., smoking pipe market is set to register sizeable growth during 2021-2031 with a CAGR of 2.1%. Demand for the smoking pipe will witness substantial growth with dynamic changing trends amongst the smoking population.
Smoke pipe is a vintage luxury good and are not conventional used product in the global market as prominent share of cigarette population is inclined towards paper cigarette and cigars. Despite, extensive inclination towards conventional cigarettes, dynamic demand wave could be observed owing to the premiumization of the smoking pipes.
Cigars and cigarettes have higher smoking index compared to the smoking pipes despite consumed in moderation. Therefore, health conscious population addicted to cigarettes tend to incline towards much healthier choices which gives them utility at a comparatively lower level of tobacco consumption. Smoking pipe does exactly the same by enhancing the utility and lowers the consumption of tobacco.
Furthermore, citing the recent article by JAMA Intern Med, Smokers in US smoke less than 10 cigarettes per day (CPD) and the CPD count is anticipated to reduce over the forecast period on the back of rising health consciousness among the US citizens.
Moreover, of the tobacco taxes received by the United States, 12% is spent on the tobacco control, which provides an image of efforts by the government to control cigarette consumption in the country.
When it comes to the features of smoking pipe, smoking pipes are coated internally with flavors or a customized supplementary solution is provided which could be added to the tobacco to provide an enhanced experience to consumer while smoking pipe.
On the perspective of pipe manufacturers, to reduce the overall cost associated with the tobacco tax and advertisement restrictions of the product, manufacturers have come up with the solution of providing pseudo tobacco experience with no health hazard strings attached, zero added cost to the manufacturer coupled with constant flow of revenues through sustainable pseudo tobacco business.
Launch of sustainable pipes from recyclable material and scrap wood is also creating traction in the pipes market. Manufacturers leveraging this traction are on the spree of enhancing their margins by multiple folds compared to the conventional pipe manufacturers. Moreover, the extended product line of sustainable pipes adds up to the existing product line of pipes providing a thrust to the pipes market.
In the price point perspective, non-premiumized budget-friendly pipes have also been added to the product catalogue. These products has comparatively higher replacement rate and modest built quality which creates a win-win situation to both manufacturer via consumption oriented margins and to consumers through low priced product with modest built quality.
Image of English man holding a pipe rings a bell of extensive penetration of smoke pipe in the country. Demand for the smoke pipe has taken an upswing over the past half-decade in the country on the back of rising inclination towards traditional smoking through pipe. With the rise in demand, price of pipes has seen an upward trend with floor price reaching to new levels. All in all, rising demand in the country has proportional effect on sales and prices of the smoke pipe.
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Some of the leading manufacturers and suppliers of smoke pipe include
Smoke pipe business is considered as perfectly fragmented. The majority of the leading manufacturers have focused on advertisement and brand development. Such innovative initiatives adopted by manufacturers for products oriented to human health keeps the market competitive in nature.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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According to FACT MR., the smoking pipe market is set to register sizeable growth during 2021-2031 with a CAGR of 2.1%.
The search for healthy choices in terms of utility in the smoking population is driving the demand for smoking pipes during the forecast period.
Asia-pacific region is dominating the smoking pipe market during the forecast period due to the rise in number of smokers and urbanization.
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