Vaping Tank Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192582
  • Format: Electronic (PDF)
  • Number of Pages: 199
  • Author(s): Joshi, Madhavi

Report Overview

The Vaping Tank Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.00% during the forecast period (2024-2030).

Vaping Tank Market

(Market Size)
$3.2 billion
$8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 14.00%
2023 Market Size USD 3.2 billion
2030 Market Size USD 8 billion
Key Players SMOK, Vaporesso, GeekVape, Uwell, Aspire

Market Summary

The vaping tank market represents a critical segment within the broader consumer goods industry, specifically catering to the rapidly evolving electronic cigarette and personal vaporizer sector. Vaping tanks, also known as atomizer tanks, are the components responsible for holding the e-liquid and facilitating its vaporization through a heating coil. The market is characterized by intense innovation, with manufacturers continuously developing new technologies to enhance user experience, such as improved coil designs for better flavor and vapor production, advanced airflow control systems, and leak-resistant constructions. The demand is primarily driven by the global community of vaping enthusiasts who seek customization, performance, and reliability from their devices. This market is intrinsically linked to the regulatory landscape governing vaping products worldwide, which significantly influences manufacturing standards, distribution channels, and consumer access. As a consumer good, vaping tanks are distributed through both online retail platforms and specialized brick-and-mortar vape shops, creating a diverse and competitive retail environment. The industry sees participation from both large electronics firms and specialized vaping hardware companies, all competing on technology, brand reputation, and price.

Key Highlights

The vaping tank market is distinguished by several key factors that underscore its dynamic nature. Technological advancement stands as the primary highlight, with leading companies investing heavily in research and development to introduce features like sub-ohm capabilities, temperature control, and mesh coil technology that significantly improve vapor density and flavor clarity. Another critical highlight is the strong influence of consumer trends; the market is highly responsive to user preferences, shifting rapidly towards rebuildable dripping atomizers (RDAs) and rebuildable tank atomizers (RTAs) that appeal to experienced users seeking full customization, while simultaneously offering simple, pre-built coil options for beginners. The material science involved is also noteworthy, with manufacturers utilizing advanced materials like stainless steel, glass, and various food-grade plastics to ensure product safety, durability, and aesthetic appeal. Furthermore, the market's growth is heavily intertwined with the cultural and social aspects of vaping, making marketing and brand community engagement a vital component of business strategy for key players like SMOK, Vaporesso, and GeekVape.

Drivers, Opportunities & Restraints

The growth trajectory of the vaping tank market is propelled by a distinct set of drivers, while simultaneously facing significant restraints and opportunities. A primary driver is the persistent global demand for alternatives to traditional tobacco smoking, with many adult smokers transitioning to vaping products. This shift fuels the need for reliable and high-performance hardware, including advanced tanks. Technological innovation acts as both a driver and an opportunity; companies that pioneer new features like longer-lasting coils or more efficient wicking systems can capture significant market share and build brand loyalty. The expanding online retail sector presents a substantial opportunity for direct-to-consumer sales and global market penetration. However, the market faces formidable restraints, the most prominent being an increasingly stringent and unpredictable regulatory environment across various countries. Regulations concerning product approval, flavor bans, and nicotine concentration limits can drastically impact market accessibility and product design. Public health debates and negative media portrayal of vaping also pose a reputational challenge, potentially deterring new users and attracting stricter oversight, thereby acting as a significant restraint on market expansion.

Concentration Insights

The competitive landscape of the vaping tank market is moderately concentrated, featuring a mix of established international brands and numerous smaller, niche players. The market is dominated by a handful of key companies that have achieved global recognition through consistent innovation, robust marketing strategies, and extensive distribution networks. Prominent players such as SMOK Technology, Vaporesso, GeekVape, Uwell, and Horizon Technology command significant market share. These leaders often set industry trends and possess the capital for extensive research and development, allowing them to release a steady stream of new products. Alongside these giants, there exists a long tail of smaller manufacturers and startups that often compete by focusing on specific niches, such as high-end, artisan-style tanks or ultra-affordable options for price-sensitive consumers. This structure creates a competitive environment where large companies compete on brand power and technological prowess, while smaller entities compete on specialization, customization, and agility in responding to localized trends. The concentration is also evident in the manufacturing base, which is heavily centered in Shenzhen, China, a global hub for electronics production.

Type Insights

Vaping tanks are categorized into several distinct types, each designed to cater to different user preferences and experience levels. The most common segmentation includes Sub-Ohm Tanks (SOTs), Rebuildable Dripping Atomizers (RDAs), Rebuildable Tank Atomizers (RTAs), and Pod Mod Tanks. Sub-Ohm Tanks are the most popular among intermediate users, prized for their convenience and balance of performance and ease of use; they utilize pre-manufactured coil heads with a resistance below 1.0 ohm to produce large volumes of vapor. Rebuildable Dripping Atomizers (RDAs) are favored by advanced vaping enthusiasts who prioritize maximum flavor and vapor production; they require the user to manually install coils and wicking material and involve dripping e-liquid directly onto the coil. Rebuildable Tank Atomizers (RTAs) offer a hybrid experience, combining the rebuildable deck of an RDA with a tank reservoir for greater e-liquid capacity and convenience. Recently, Pod Mod Tanks have gained substantial traction, particularly among beginners and users seeking a discreet option; these are often part of closed or open pod systems designed for high-nicotine salt e-liquids and extreme portability.

Application Insights

The application of vaping tanks is almost exclusively within the realm of personal vaporizers and electronic cigarettes used for nicotine delivery, though a small segment exists for dry herb and concentrate compatibility. The primary application is for use with modular box mods or vape pens, where the tank is a separate component that attaches to a battery device. This allows users to mix and match hardware to customize their vaping experience, a practice highly popular within the enthusiast community. Another significant application is within all-in-one pod systems, where the tank is often integrated into a disposable or refillable pod. These systems are designed for simplicity and portability, appealing to new vapers or those transitioning from cigarettes. The performance characteristics of a tank, such as its optimal wattage range, coil resistance, and e-liquid compatibility, directly dictate its application. For instance, sub-ohm tanks are typically applied for direct-to-lung inhalation with low-nicotine, high-volume e-liquids, while pod-based tanks are applied for mouth-to-lung inhalation mimicking cigarette smoking, using high-nicotine salt e-liquids.

Regional Insights

The demand and regulatory acceptance for vaping tanks vary dramatically across different global regions, creating a fragmented market landscape. North America, particularly the United States, represents a major market characterized by a large base of vaping enthusiasts and a well-developed retail network of specialty vape shops. However, the market is highly sensitive to regulatory changes from the Food and Drug Administration. Europe represents another significant market, with the Tobacco Products Directive (TPD) standardizing regulations across member states, governing tank capacity and nicotine strength, which directly influences product design and availability. The Asia-Pacific region is a study in contrasts; it is the world's manufacturing epicenter, with China being the home of most major hardware producers, but consumer markets within the region are uneven. Countries like the UK have a public health stance that is relatively supportive of vaping as a harm reduction tool, while others have implemented strict bans. Emerging economies in Latin America and the Middle East show growing potential but are often hampered by regulatory uncertainty and economic volatility, making regional strategy a complex endeavor for market players.

Company Insights

The vaping tank market is led by several influential companies known for their innovation, quality, and brand strength. SMOK Technology is frequently regarded as a market leader, renowned for its prolific release of new products and pioneering of trends like touchscreen mods and advanced sub-ohm tank systems. Vaporesso, a subsidiary of SMOORE, is celebrated for its focus on technology, including its proprietary OMNI Board chipset and innovative coil designs like the GT CCELL ceramic coils. GeekVape has built a strong reputation for manufacturing exceptionally durable and rugged products, such as its Aegis line of shockproof, waterproof, and dustproof devices and tanks, appealing to users with active lifestyles. Uwell is highly respected within the enthusiast community for its focus on superior flavor production and build quality, with tanks like the Crown series being perennial favorites. Other notable players include Horizon Technology, known for its Falcon and Sakerz tanks, and Aspire, a long-standing company praised for its reliable and user-friendly products. These companies compete not only on product features but also on branding, patent portfolios, and their ability to navigate the complex global regulatory environment.

Recent Developments

The vaping tank industry is in a constant state of flux, with recent developments focusing on enhancing user experience and complying with new regulations. A significant trend has been the refinement of coil technology, with many manufacturers shifting towards mesh coils as a standard. Mesh coils offer a larger surface area for vaporization compared to traditional wire coils, resulting in more intense flavor, denser vapor, and longer lifespan. Another major development is the market's response to regulatory pressures, particularly in the US and Europe. This has led to increased investment in product submission processes for regulatory approval, such as the FDA's PMTA pathway. Companies are also developing more child-resistant and tamper-evident packaging and hardware features to meet safety standards. Furthermore, the integration of smart technology is emerging, with some tanks and mods offering Bluetooth connectivity for device customization via smartphone apps, allowing users to fine-tune wattage curves and monitor usage statistics. Sustainability is also becoming a consideration, with some brands exploring the use of recycled materials and refillable systems to reduce environmental waste from disposable pods.

Report Segmentation

This comprehensive market research report on the global vaping tank market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The report is systematically divided to analyze the market by type, encompassing Sub-Ohm Tanks (SOTs), Rebuildable Dripping Atomizers (RDAs), Rebuildable Tank Atomizers (RTAs), and Pod Mod Tanks. Further segmentation is conducted by application, distinguishing between use with modular advanced personal vaporizers (APVs) and integrated pod systems. The geographical segmentation offers a thorough regional analysis, covering key markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Each regional analysis delves into the specific market dynamics, regulatory framework, and competitive landscape prevalent in that area. Additionally, the report includes a dedicated competitive analysis section, profiling the key players in the market, their product portfolios, market share, and strategic initiatives. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand niche market trends, and formulate targeted strategies for success in the global vaping tank marketplace.

FAQs

What is a sub-ohm tank?

A sub-ohm tank is a type of vaping tank designed to use coil heads with a resistance of less than one ohm. These tanks are engineered to operate at higher power settings, which results in the production of significantly larger clouds of vapor and more intense flavor compared to standard tanks. They are favored by experienced users seeking a more powerful and immersive vaping experience and typically use high-VG (vegetable glycerin) e-liquids to facilitate this dense vapor production.

How often should you change a vape tank coil?

The frequency of changing a vape tank coil depends heavily on usage patterns and the type of e-liquid used. On average, a coil can last anywhere from one to three weeks. Indicators that a coil needs replacement include a persistent burnt taste, a noticeable decline in vapor production, and a muted flavor. Sweetened e-liquids tend to caramelize on the coil wire more quickly, leading to a shorter coil lifespan, whereas clearer e-liquids can allow a coil to function effectively for a longer duration.

What is the difference between an RDA and an RTA?

The core difference between a Rebuildable Dripping Atomizer (RDA) and a Rebuildable Tank Atomizer (RTA) lies in their e-liquid storage and delivery method. An RDA has no integrated tank; the user must manually drip e-liquid directly onto the coil and wick every few puffs. This is often preferred for maximum flavor testing. An RTA incorporates a tank that holds a larger reservoir of e-liquid, which is automatically fed to the coil, offering the rebuilding benefits of an RDA with the convenience of not having to drip frequently.

Are vaping tanks reusable?

Yes, the vast majority of vaping tanks are designed to be reusable. The main consumable component is the coil head, which houses the heating coil and wicking material. Users periodically replace these coil heads while continuing to use the same tank body, glass tube, and mouthpiece. Tanks are built from durable materials like stainless steel and pyrex glass to withstand long-term use. Some systems, particularly pod mods, may use disposable pods that integrate the tank and coil, but traditional tanks are fundamentally reusable hardware.

What materials are vape tanks made from?

Vape tanks are constructed from a combination of materials chosen for safety, durability, and chemical resistance. The outer body and internal components are typically made from stainless steel or other corrosion-resistant alloys. The reservoir or tube that holds the e-liquid is almost always made from transparent pyrex glass or hardened plastic to allow users to monitor e-liquid levels. The mouthpiece, or drip tip, can be made from delrin, resin, stainless steel, or glass. All materials that come into contact with e-liquid are food-grade to ensure they do not leach harmful chemicals.

Can you use any vape tank on any mod?

Most modern vape tanks and mods utilize a standardized 510 threading connection, which makes them universally compatible across brands. This means a tank from one manufacturer can typically be screwed onto a mod from another. However, compatibility must be considered in terms of power output and safety. A high-performance sub-ohm tank requires a mod capable of supplying sufficient wattage, while a low-power tank could be damaged by a very powerful mod if used incorrectly. Users must ensure their mod can support the power requirements and resistance (ohm) level of their chosen tank.

Citius Research has developed a research report titled “Vaping Tank Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Vaping Tank Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Vaping Tank Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Vaping Tank Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Vaping Tank Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Vaping Tank Market
• Research Methodology
• Executive Summary
• Market Dynamics of Vaping Tank Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Vaping Tank Market
• Cost and Gross Margin Analysis of Vaping Tank Market
• Vaping Tank Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Vaping Tank Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Vaping Tank Market Key Stakeholders

Below are the key stakeholders for the Vaping Tank Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Vaping Tank Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Vaping Tank Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Vaping Tank Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Vaping Tank Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Vaping Tank Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Vaping Tank Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Vaping Tank Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Vaping Tank Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Vaping Tank Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Vaping Tank Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Vaping Tank Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Vaping Tank Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Vaping Tank Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Vaping Tank Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Vaping Tank Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Vaping Tank Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Vaping Tank Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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