Tobacco Market Analysis APAC,Europe,North America,Middle East and Africa,South America - US,China,Japan,Germany,UK - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 161

SKU: IRTNTR70524

Snapshot

Tobacco Market Forecast 2023-2027

The global tobacco market is valued at approximately USD 173.03 billion, exhibiting a CAGR of 3.84% between 2022 and 2027. The top tobacco-producing countries include China, Brazil, and India. Cigarettes are the most widely consumed tobacco product worldwide. Some countries have implemented strict regulations on tobacco advertising and packaging. The growing popularity of e-cigarettes has impacted the traditional tobacco market in recent years. This market research and analysis report includes in-depth information about the market drivers, trends, and challenges during the forecasted period.

Market Dynamic

Market Driver

Rising demand for cigars and tobacco products is notably driving the growth of the market share. The demand and popularity of cigars and smoking tobacco products have increased in recent years around the world. Constant product innovation and changing consumer preferences are the main reasons for the increasing demand around the world.

Cigar's popularity has increased significantly in Germany, France, Italy, Australia, and the UK. Additionally, the availability of different types of cigars, such as Cuban cigars and Caribbean cigars, has given consumers more choices. Moreover, the premiumization of the cigar category is a major growth driver expected to have a positive impact on the growth of the market during the forecast period. Smoking products such as pipe tobacco and shredded tobacco products are gaining traction in Germany, France, the UK, Australia, Belgium, the Netherlands, and Canada. Therefore, increasing demand for cigars and other products is expected to boost the growth of the market during the forecast period.

Market Trends

The increasing use of automated techniques in manufacturing products is a key trend influencing the growth of the market. The regular introduction of advanced technology has helped major players in the market to automate their manufacturing processes. Automated manufacturing processes have enabled marketers to reduce labor costs by eliminating labor-intensive traditional manufacturing techniques. Selling RYO cigarettes for commercial use through retail outlets has become a new trend in the market. In this case, customers can purchase loose tobacco and tobacco or cigar paper and use the retailer's on-site automated machine to roll cigarettes or small cigars. This has increased consumer interest and increased demand for these products in fine cuts.

The growing popularity of machine-made clove cigarettes in Indonesia is another example of consumers' preference for more sophisticated products. All this will boost the market growth during the forecast period.

Market Challenges

The increasing popularity of substitutes is challenging the tobacco industry's growth. The market faces intense competition from alternative products such as e-cigarettes, heat-not-burn (HNB) products, vaping products, and other next-generation products (NGP). Additionally, nicotine replacement therapy products such as lozenges, chewing gum, nasal sprays, and inhalers have emerged as suitable alternatives. Growing health awareness among consumers and rising cancer cases attributed to smoking these products in several countries around the world are driving consumers to seek smokeless and safer alternatives. Consumer interest in traditional products is declining due to the increased adoption of NGPs by suppliers in various countries. Therefore, these challenges are expected to hinder market growth during the forecast period.

Regional Insights

APAC is estimated to contribute 54% to the growth of the global market during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

China, Indonesia, India, Japan, Australia, South Korea, Bangladesh, Philippines, Taiwan, and Malaysia are the largest markets in APAC. Additionally, the market is highly volatile due to the presence of a large number of regional and global Companies. It has formed a major category among all products consumed in the Asia-Pacific region.

Additionally, consumption of smoked tobacco products such as RYO cigarettes and pipe tobacco is increasing in APAC, mainly in markets such as Australia, India, Japan, and South Korea. With the growing popularity of cigars and smoking tobacco products and the increasing number of organized retail outlets in APAC, making these products easily accessible and available to APAC consumers is a major growth driver that has a positive impact on market growth.

Market Segmentation

The market share growth by the offline segment will be significant during the forecast period. The Offline segment includes all traditional fixed retail channels through which these products are sold. These channels include convenience stores, supermarkets, hypermarkets, tobacconists, and gas stations. These companies sell their products through vending machines and other automated kiosks.

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The offline segment was valued at USD 625.31 billion in 2017 and continued to grow until 2021. In the offline segment, most tobacco sales come from convenience stores and supermarkets, where cigarettes and other products are commonly placed near cash registers to encourage impulse purchases. These retailers often offer discounts and promotions to attract customers and increase sales. In addition, speciality shops and petrol stations are popular retail channels, especially in rural areas. Offline sales channels also provide opportunities for companies to sell directly to consumers through in-store displays and promotions. These companies often invest heavily in branding and packaging to create brand loyalty and increase product appeal. With a large market share and sales of these products from traditional offline retail outlets such as convenience stores, supermarkets, tobacconists, gas stations, and vending machines, this segment is expected to contribute to the growth of the global market during the forecast period.

Targeted advertising strategies, particularly aimed at enticing youth, underscore the industry's efforts to secure future consumers. Controversies surrounding menthol in tobacco products persist, prompting discussions about its appeal and regulatory implications. Meanwhile, events serve as platforms for promotional activities, while fluctuating prices influence consumer behavior and brand loyalty.

Key Players in the Industry

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The industry, anchored by significant players like Philip Morris and other big companies, thrives on a network encompassing tobacco farming, cultivation, packaging, and trade. The cultivation of tobacco plants and their subsequent farming are critical facets, with meticulous care taken at each stage to yield quality tobacco. These raw materials undergo an intricate process of packaging, where various cigarette brands and products are meticulously assembled, reflecting branding strategies crucial to the industry's success.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Global Tobacco Market continues to be influenced by various factors, including Nicotine addiction and regulatory interventions from organizations like the World Health Organization and the Federal Trade Commission. Leading brands such as Marlboro, Newport, and Camel dominate the market, while companies like Phillip Morris International and British American Tobacco strive to innovate with products like IQOS and Next Generation Products (NGPs). Amid changing consumer preferences and increasing awareness, Millennials are turning towards alternatives such as vapor products. Distribution channels have diversified, encompassing supermarkets/hypermarkets and online platforms. Despite regulations and the rise of product substitutes, cigarettes remain a significant segment in the market.

Segment Overview

The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Distribution Channel Outlook (USD Billion, 2017 - 2027)
- Offline
- Online
Product Outlook (USD Billion, 2017 - 2027)
- Combustible products
- Smokeless products
Region Outlook (USD Billion, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Tobacco Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017 - 2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.84%
Market growth 2023-2027	USD 173.03 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	3.56
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 54%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Altria Group Inc., British American TobaccoPlc, Eastern Co. SAE, Gold Leaf TobaccoCorp., Golden TobaccoLtd., Gudang Garam, Imperial Brands Plc, ITC Ltd., KT and G Corp., Modi Enterprises, Poschl Tabak GmbH and Co KG, PT Djarum, Pyxus International Inc, Swedish Match AB, Swisher International Inc., Universal Corp., Vector Group Ltd., and Vietnam National TobaccoCorp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in the Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Market growth analysis industry across APAC, Europe, North America, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about companies
Market forecasting of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global tobacco market 2017 - 2021
- Exhibit 18: Historic Market Size – Data table on global tobacco market 2017 - 2021 ($ billion)

4.2 Distribution Channel Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

6.1 Market segments
- Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

6.2 Comparison by Distribution Channel
- Exhibit 32: Chart on Comparison by Distribution Channel
- Exhibit 33: Data Table on Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2022-2027
- Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

6.4 Online - Market size and forecast 2022-2027
- Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Distribution Channel
- Exhibit 42: Market opportunity by Distribution Channel ($ billion)
- Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 44: Chart on Product - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product
- Exhibit 46: Chart on Comparison by Product
- Exhibit 47: Data Table on Comparison by Product

7.3 Combustible tobacco products - Market size and forecast 2022-2027
- Exhibit 48: Chart on Combustible tobacco products - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Data Table on Combustible tobacco products - Market size and forecast 2022-2027 ($ billion)
- Exhibit 50: Chart on Combustible tobacco products - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Combustible tobacco products - Year-over-year growth 2022-2027 (%)

7.4 Smokeless tobacco products - Market size and forecast 2022-2027
- Exhibit 52: Chart on Smokeless tobacco products - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Data Table on Smokeless tobacco products - Market size and forecast 2022-2027 ($ billion)
- Exhibit 54: Chart on Smokeless tobacco products - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Smokeless tobacco products - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Product
- Exhibit 56: Market opportunity by Product ($ billion)
- Exhibit 57: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 Japan - Market size and forecast 2022-2027
- Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ billion)
- Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 Altria Group Inc.
- Exhibit 111: Altria Group Inc. - Overview
- Exhibit 112: Altria Group Inc. - Business segments
- Exhibit 113: Altria Group Inc. - Key offerings
- Exhibit 114: Altria Group Inc. - Segment focus

12.4 British American Tobacco Plc
- Exhibit 115: British American Tobacco Plc - Overview
- Exhibit 116: British American Tobacco Plc - Business segments
- Exhibit 117: British American Tobacco Plc - Key news
- Exhibit 118: British American Tobacco Plc - Key offerings
- Exhibit 119: British American Tobacco Plc - Segment focus

12.5 Gold Leaf Tobacco Corp.
- Exhibit 120: Gold Leaf Tobacco Corp. - Overview
- Exhibit 121: Gold Leaf Tobacco Corp. - Product / Service
- Exhibit 122: Gold Leaf Tobacco Corp. - Key offerings

12.6 Gudang Garam
- Exhibit 123: Gudang Garam - Overview
- Exhibit 124: Gudang Garam - Product / Service
- Exhibit 125: Gudang Garam - Key offerings

12.7 Imperial Brands Plc
- Exhibit 126: Imperial Brands Plc - Overview
- Exhibit 127: Imperial Brands Plc - Business segments
- Exhibit 128: Imperial Brands Plc - Key news
- Exhibit 129: Imperial Brands Plc - Key offerings
- Exhibit 130: Imperial Brands Plc - Segment focus

12.8 ITC Ltd.
- Exhibit 131: ITC Ltd. - Overview
- Exhibit 132: ITC Ltd. - Business segments
- Exhibit 133: ITC Ltd. - Key offerings
- Exhibit 134: ITC Ltd. - Segment focus

12.9 Japan Tobacco Inc.
- Exhibit 135: Japan Tobacco Inc. - Overview
- Exhibit 136: Japan Tobacco Inc. - Business segments
- Exhibit 137: Japan Tobacco Inc. - Key news
- Exhibit 138: Japan Tobacco Inc. - Key offerings
- Exhibit 139: Japan Tobacco Inc. - Segment focus

12.10 KT and G Corp.
- Exhibit 140: KT and G Corp. - Overview
- Exhibit 141: KT and G Corp. - Business segments
- Exhibit 142: KT and G Corp. - Key offerings
- Exhibit 143: KT and G Corp. - Segment focus

12.11 Poschl Tabak GmbH and Co KG
- Exhibit 144: Poschl Tabak GmbH and Co KG - Overview
- Exhibit 145: Poschl Tabak GmbH and Co KG - Product / Service
- Exhibit 146: Poschl Tabak GmbH and Co KG - Key offerings

12.12 PT Djarum
- Exhibit 147: PT Djarum - Overview
- Exhibit 148: PT Djarum - Product / Service
- Exhibit 149: PT Djarum - Key offerings

12.13 Pyxus International Inc
- Exhibit 150: Pyxus International Inc - Overview
- Exhibit 151: Pyxus International Inc - Product / Service
- Exhibit 152: Pyxus International Inc - Key news
- Exhibit 153: Pyxus International Inc - Key offerings

12.14 Scandinavian Tobacco Group AS
- Exhibit 154: Scandinavian Tobacco Group AS - Overview
- Exhibit 155: Scandinavian Tobacco Group AS - Business segments
- Exhibit 156: Scandinavian Tobacco Group AS - Key offerings
- Exhibit 157: Scandinavian Tobacco Group AS - Segment focus

12.15 Swedish Match AB
- Exhibit 158: Swedish Match AB - Overview
- Exhibit 159: Swedish Match AB - Business segments
- Exhibit 160: Swedish Match AB - Key offerings
- Exhibit 161: Swedish Match AB - Segment focus

12.16 Swisher International Inc.
- Exhibit 162: Swisher International Inc. - Overview
- Exhibit 163: Swisher International Inc. - Product / Service
- Exhibit 164: Swisher International Inc. - Key offerings

12.17 Vector Group Ltd.
- Exhibit 165: Vector Group Ltd. - Overview
- Exhibit 166: Vector Group Ltd. - Business segments
- Exhibit 167: Vector Group Ltd. - Key news
- Exhibit 168: Vector Group Ltd. - Key offerings
- Exhibit 169: Vector Group Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 170: Inclusions checklist
- Exhibit 171: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 172: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 173: Research methodology
- Exhibit 174: Validation techniques employed for market sizing
- Exhibit 175: Information sources

13.5 List of abbreviations
- Exhibit 176: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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