The global steam products market was valued at $57 billion in 2021, with Europe leading the regional market share. The adoption of rechargeable and modular steam products reached its peak as densely populated countries like the United States, Canada, China, Japan, and the United Kingdom saw an increase in disposable income.
New York, September 6th, 2022 (GLOBE NEWSWIRE) - Reportlinker.com has announced the release of their report titled "Global Steam Products Market Overview (2022 Edition): World Market Retrospective Outlook for Users by Value and Volume, Product Type, Sales Channel, and Consumer Classification (2018-2028)".
The advancement of vapor products and the increase in usage among young populations in different regions are driving the global vapor product market. Furthermore, the growing popularity of vapor products among both men and women, as well as the increasing demand for rechargeable electronic cigarettes, will further drive the market in the coming years. Factors such as the high concentration of OEM and ODM in various industries including end-use and end-users in regions such as Europe will significantly propel the growth of the vapor product market in the next few years.
Modular steam products have been experiencing significant growth in the market in recent years and are predicted to continue doing so in the coming years. This is due to factors such as the high concentration of steam product manufacturers and an increase in production. Compared to other types of sales channels in the market, electronic retail sales channels in the steam product market are expected to grow rapidly and gain a considerable market share. Additionally, it is expected that the global demand for efficient and more affordable steam products will continue to grow, driving future demand for steam products.
In these regions, Europe is expected to have a significant portion of the global vapor product market share by 2028. Key factors driving strong growth in the European region include an increasing urban population, disposable income, an increase in electronic technology activity in different countries, and demand for higher quality through the introduction of nicotine-free vapor products and better technology, all of which are driving growth in the region's vapor product market.
This report titled "Global Steam Products Market Overview (2022 Edition)" evaluates and analyzes the steam product market worldwide and at a regional level (USA, Europe, Asia Pacific, Middle East and Africa) based on value (in million US dollars) and volume (in billion units). It also evaluates the market at a national level (USA, Canada, Brazil, Germany, UK, France, Spain, Italy, Switzerland, Turkey, Netherlands, Russia, Finland, China, Japan, India, South Korea, Australia, Malaysia, Taiwan, UAE, Israel, South Africa). The steam product market has been evaluated for the historical period of 2017-2021, estimates for 2022, and the forecast period of 2023-2028. The steam product market is evaluated based on product type (disposable, rechargeable, modular), end users (male, female), and sales channels (tobacco, specialty stores, electronic retail, supermarkets).
Report Coverage
The report analyzed the steam product market by value (in millions of US dollars) and quantity (in billions of units).
The report analyzed the steam products market based on product type (disposable, rechargeable, modular).
The report analyzed the steam products market by end-users (males and females).
The report analyzed the vapor product market by sales channels, including tobacco shops, specialty stores, electronics retailers, supermarkets, and convenience stores.
The data has been categorized by region (Americas, Europe, Asia Pacific, Middle East and Africa) and country (United States, Canada, Brazil, Germany, United Kingdom, France, Spain, Italy, Switzerland, Turkey, Netherlands, Russia, Finland, China, Japan, India, South Korea, Australia, Malaysia, Taiwan, United Arab Emirates, Israel, South Africa).
The report's main insights were presented through Porter's Five Forces analysis framework. Additionally, the attractiveness of the market was shown by the product type, end-user, sales channel, and country/region.
Furthermore, the report analyzed the major opportunities, trends, driving factors, challenges, and opportunities within the industry.
The report tracks developments in competition, strategy, mergers and acquisitions, and new forms of development. The companies analyzed in the report include: Smoore International, Philip Morris International, Imperial Brands Plc, Japan Tobacco Inc, British American Tobacco, Turning Point Brands, FirstUnion, Joyetech, Juul Labs, NJOY, and Shenzhen IPV Vaping Technology.
The report provides an analysis of the steam products market during the historical period from 2017 to 2021, estimated data for 2022, and a forecast period from 2023 to 2028.
The primary target audience.
Steam Products Company
Tobacco company
Consulting and consultancy firms
Government and policy-makers
Regulatory agency.
Read the full report at https://www.reportlinker.com/p06318362/?utm_source=GNW.
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