Report overview
The global Induction Heating Hot Tobacco Product market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
Devices Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Induction Heating Hot Tobacco Product include Philip Morris International, Japan Tobacco International, British American Tobacco, Imperial Brands, KT and G, Pax Labs, Shenzhen Royal Tobacco Industrial, Buddy Technology Development and Shanghai Shunho New Materials, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Hot tobacco is also known as heated tobacco or heat-not-burn tobacco or hybrid tobacco. Heated Tobacco Products (HTPs) produce aerosols containing nicotine and other chemicals, which are inhaled by users through the mouth. These use specific tobacco products to be heated at temperatures below combustion levels. Hot tobacco products release flavors with nicotine and allow the user to enjoy tobacco without combustion. Induction heating is a process where electrically conductive materials, metals for example, are heated through electromagnetic induction. The metal heating element is placed in the center of a metal coil shaped like a spring, so that the coil and the heating element don?t touch one another at all. An electric current is passed through the coil, which creates the magnetic field at its center, and that field makes the metal element at the center generate heat.
This report aims to provide a comprehensive presentation of the global market for Induction Heating Hot Tobacco Product, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Induction Heating Hot Tobacco Product. This report contains market size and forecasts of Induction Heating Hot Tobacco Product in global, including the following market information:
Global Induction Heating Hot Tobacco Product Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global Induction Heating Hot Tobacco Product Market Sales, 2019-2024, 2025-2030, (K Units)
Global top five Induction Heating Hot Tobacco Product companies in 2023 (%)
We surveyed the Induction Heating Hot Tobacco Product manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Induction Heating Hot Tobacco Product Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Induction Heating Hot Tobacco Product Market Segment Percentages, by Type, 2023 (%)
Devices
Consumables
Global Induction Heating Hot Tobacco Product Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Induction Heating Hot Tobacco Product Market Segment Percentages, by Application, 2023 (%)
Online
Offline
Global Induction Heating Hot Tobacco Product Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Induction Heating Hot Tobacco Product Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Induction Heating Hot Tobacco Product revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Induction Heating Hot Tobacco Product revenues share in global market, 2023 (%)
Key companies Induction Heating Hot Tobacco Product sales in global market, 2019-2024 (Estimated), (K Units)
Key companies Induction Heating Hot Tobacco Product sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Philip Morris International
Japan Tobacco International
British American Tobacco
Imperial Brands
KT and G
Pax Labs
Shenzhen Royal Tobacco Industrial
Buddy Technology Development
Shanghai Shunho New Materials
First Union
Mysmok Electronic Technology
Outline of Major Chapters:
Chapter 1: Introduces the definition of Induction Heating Hot Tobacco Product, market overview.
Chapter 2: Global Induction Heating Hot Tobacco Product market size in revenue and volume.
Chapter 3: Detailed analysis of Induction Heating Hot Tobacco Product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Induction Heating Hot Tobacco Product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Induction Heating Hot Tobacco Product capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
