Authored By: Sarah
10 Oct 2024

Latest News:- Electronic Hookah Market: Disposable is expected to lead the Type segment during 2024-2028

Electronic Hookah Market to grow at a CAGR of 13.4% during 2024-2028

The Electronic Hookah Market is expected to grow at a CAGR of 13.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1108.8 million. The electronic hookah market is experiencing a notable surge in adoption among millennial and Generation Z demographics, driven by cultural and demographic shifts. By July 1, 2023, millennials and Generation Z collectively represent a substantial consumer base, with Generation Z becoming the third-largest generation in Canada and projected to surpass millennials in numbers between 2038 and 2053. In China, the millennial population reached 320 million in 2023, accounting for 22% of the country's total population and contributing 28% of the total income among active consumers. These demographics hold significant spending power, making them a lucrative market segment for the electronic hookah industry. 

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The Disposable subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Disposable subsegment will lead the Type segment during 2024 and 2028 The disposable segment is experiencing notable growth within the global electronic hookah market, catering to consumers desiring a hassle-free and user-friendly vaping experience. Disposable electronic hookahs offer convenience, eliminating the complexities associated with traditional hookahs or reusable devices. These devices are pre-filled with e-liquids and require no refilling or charging, making them an attractive option for both novice and experienced users. The plug-and-play nature of disposable electronic hookahs appeals to individuals seeking a convenient, portable vaping solution, particularly those who value ease of use and a lack of maintenance requirements.

Here are the various ways based on which the market is segmented: 

  • Type
    • Disposable
    • Rechargeable
  • Distribution Channel
    • Offline
    • Online
  • Geography
    • North America
    • Europe
    • APAC
    • Middle East and Africa
    • South America

Reasons to Purchase the Global Electronic Hookah Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish growing disposable income among consumers

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Electronic Hookah Market is experiencing significant growth due to the increasing popularity of e-hookahs as modern smoking alternatives. These battery-powered devices heat e-liquids infused with dessert flavors, offering a more convenient and healthier lifestyle option compared to traditional hookahs. Flavor innovation is a key driver in the market, with an expanding range of dessert flavors and non-traditional tobacco product offerings. E-commerce and online channels have made e-hookahs easily accessible, with disposable and rechargeable options available from brands like Timesvape and RNV Designs. However, public health considerations and health hazards associated with nicotine concentrations and vaping culture remain concerns. E-hookahs use e-liquids instead of tobacco, but flavor selections can still include traditional hookah favorites like mint, apple, and watermelon. Mechanical ecigarettes (mods) and e-hookahs offer customizable temperature controls and battery life, adding to their appeal. As the market continues to evolve, it's essential to consider both the benefits and potential risks of this modern smoking alternative.

Market Research Overview

The global leisure products market, a segment of the larger household durables market, encompasses categories such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and consumer-oriented games. According to Technavio's market analysis, the household durables market size is determined by the collective revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Factors driving the growth of this market include the increasing trend of health and fitness, with memberships in health and fitness clubs experiencing steady growth over the past decade and a rapid expansion of these clubs due to the industry's promising prospects.

The Electronic Hookah Market is experiencing significant growth, fueled by the growing disposable income among consumers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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