COVID-19 Impact Analysis

• The advent of the global pandemic, COVID-19, has positively affected the vaporizer market. A steam vaporizer is a product that is used by consumers daily or occasionally for medical purposes, it is their necessity. The need for vaporizers is rising in both the residential and healthcare industries, which is propelling the vaporizer industry forward.
• As the COVID-19 pandemic has forced countries to enforce lockdown, the supply and distribution chain had been disrupted. Hypermarkets/supermarkets and convenience were closed, creating a gap in demand and supply.
• Manufacturers of vaporizers have a chance to capitalize on this increased demand for medical supplies to ensure an adequate and continuous supply of vaporizers in the market. The expansion of the vaporizer market is to be affected by the increase in demand. 

Top Impacting Factors

• The growing middle-class population, the increase of high disposable income, rapid urbanization, and increasing awareness about conventional smoking are the major driving factor in the growth of the vaporizer market. Consumer inclination towards flavors and developing a habit of quitting cigarettes will also boost the demand for the vaporizer.
• High consumer awareness of airborne diseases has led to a healthy demand for the product, especially individually. In recent times, there has been a major contribution to the general public's need for vaporizers due to a rise in inflammation of airborne illnesses. A trend that has hit the market is the increasing use of vaporizers for personal and medical use.
• The introduction of e-commerce is an opportunity for consumers to explore the desired products and buy according to their preferences. The vaporizer companies should introduce new designs for products. That gives an option to be reviewed by the consumers that help direct the companies in identifying the exact market need.

 
Market Trends

With the increase of cases of respiratory cases in individuals, the demand for vaporizers is growing at a high rate.

The growing prevalence of cough and cold as a result of weather changes, poor immunity, and allergies is propelling the global vaporizer industry forward. The common cold and cough is the most frequent infectious illness that affects humans. Adults have 4 to 6 colds per year on average, whereas children catch cold 6 to 8 times each year. Although cold can continue throughout the year, the total amount of sickness they cause is more noticeable. All of this contributes to the rising popularity of steam vaporizers.

Omni-channel strategy usage is encouraging the sales of e-cigarettes during the COVID-19 pandemic.

Vaporizers are sold in brick and mortar stores. Currently, companies are adapting to brick and click services for their consumers. The introduction of e-commerce services is encouraging both company and consumer. Consumers have an option to explore more products according to their criteria. The company is expected to identify the want of the consumers and update accordingly. It will be a win-win situation for the companies as well as for the consumers.

Increased awareness towards skin care has led to a rise in demand for vaporizers in residential and salons.

In a beauty salon, a steam vaporizer is used to cure skin dryness. Vaporizers heat water and release steam into the atmosphere. Cool-mist humidifiers produce a fine, cool mist. Both devices can aid in the relief of dry skin and nasal passages. Providing moisture to the air, whether with a cold or warm spray, can also help to relieve skin irritation. Growing concerns among young people about dry skin are also driving up sales.

Key Benefits of the Report

• This study presents the analytical depiction of the vaporizer industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the vaporizer market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the vaporizer market.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market. 
• The report provides a detailed vaporizer market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Vaporizer Market Research Report

• Which are the leading players active in the vaporizer market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?