2027 Smoking Accessories Market Growth Forecast 2027: Recent Trends, Developments, and Opportunities
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The increasing availability of various flavors of vaporizers such as sweet, fruity, chocolate, spicy to drive the global smoking accessories market through 2027.
According to the TechSci Research report, “Smoking Accessories Market?– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”?The smoking accessories market has been driven by the increased availability of flavored water pipes. The misconception that using a waterpipe to smoke is healthier than using a cigarette because the smoke is filtered before being inhaled has also increased the demand for smoking accessories. Additionally, the market is rising due to the popularity of flavors like sweet, fruity, chocolate, and spicy. Sweet flavors appeal to the younger generation and contribute to the popularity of water pipe smoking. The market's expansion has also been aided by the easy accessibility of water pipe products in online and offline sales channels like specialty shops, bars, and cafes.
The market is growing because of the rising smoking culture among the younger generation and the rising number of smoking bars and cafes in different regions. During the forecast period, the market growth is anticipated to be further fueled by the rising demand for smoking accessories in developing nations. Additionally, the widespread accessibility of smoking accessories is a factor in the market's expansion. Smoking Water pipes and vaporizers are two examples of smoking accessories that offer users a superior smoking experience. As a result, these accessories are widely used and produce smoke at a higher level than other smoking accessories, boosting the market for smoking accessories. For Instance, Innokin, a China-Based company, launched the Lota F600 vaporizer, which is Lota's flagship disposable device for TPD markets, in May 2022. It features Aquios AQ30 water-based e-liquids, an elegant soft-touch design, and a constant 3.6V power output for consistent vaping throughout the device's lifespan. The Lota F600 is an attractive, straightforward, and incredibly light entry into vaping for people switching from smoking.
The popularity of online retail platforms is rising daily. Most companies that produce smoking accessories have online shops where customers can access information about new product launches, features, demos, prices, and other necessary product details. Due to the variety of product offerings and comparing prices offered by online retailers, there is an increase in the number of consumers shopping online. Due to the absence of any expenditure for physical stores, this is advantageous for retailers. Online shopping is becoming increasingly popular because it allows customers to read reviews left by other customers, compare different stores and products, and check the prices of various sellers. Consequently, the expansion of online sales channels fuels the growth of the smoking industry.
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The Smoking Accessories Market is segmented based on the product type, distribution channel, and region. Tobacco Grinders, Smoking Vaporizers, Rolling Machines, Cigarette Papers, Tobacco Humidifiers, Cigarette Cases, and others are the product types on the market. The distribution channel segment is divided into specialty stores, Convenience stores, Tobacco stores, and others. The segment's growth is anticipated to be boosted by several factors, including an increase in internet users, smartphones, and the penetration of e-commerce platforms. Additionally, features like product comparison, thorough product descriptions, and simple exchange and refund options are helping customers feel at ease with online shopping and increasing sales.
Key market players in the smoking accessories market include:
Various companies provide smoking accessories, such as the Bull Brand, a UK- The based company that offers various types of smoking accessories such as pipes, filter tips, lighters, smoking papers, etc. the company launched Bull Brand classic pipes which are perfect for those who prefer a smoke with a retro vibe, A pipe also allows experimenting with a variety of tobacco flavors without having to roll a new cigarette every time. The company has brought this time-honored smoking method to the customers at a reasonable price.
Also, Chongz, which is a UK-based company provides various types of smoking accessories such as grinders, pipes, cigarette cases, tobacco pouches, etc. the company provides grinders in various types such as metal grinders, plastic grinders, and wood grinders.
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Introduction of various flavored smoking water pipes and vaporizers such as menthol, chocolate, sweet, fruit, etc. is a significant trend that is expected to have an impact on growth during the forecasted period. Also, increasing the popularity of smoking and increasing the number of cafes, bars, convenience stores, specialty stores, etc. fuels the expansion of the growth of the market. Companies of smoking accessories offer their products on online platforms with product reviews, and product descriptions, where the consumer have also access of comparing the product with another one. There is an increase in the number of customers shopping online because of the variety of product offerings and price comparison services provided by online retailers.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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Smoking Accessories Market- Global Industry Size, Share, Trends, Opportunity, and Forecast 2017-2027 Segmented By?Type (Tobacco Grinders, Smoking Vaporizers, Rolling Machines, Cigarette Papers, Tobacco Humidifiers, Cigarette Cases, and others),?By Distribution Channel (Specialty stores, convenience stores, Tobacco stores, and online), By Region?has evaluated the future growth potential of smoking accessories?and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in smoking accessories globally.
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