Vaping Tank Market By Product Type (Sub-ohm tanks, Clearomizers, Rebuildable tanks (RTAs) , Rebuildable dripping atomizers (RDAs) , Pod systems) , By Material (Glass, Polycarbonate, Stainless steel) By Distribution Channel (On-specialty stores, Online Stores, Distributors and wholesalers) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Vaping Tank Market
The vaping tank market was valued at $6.8 billion in 2023 and is projected to reach $14.8 billion by 2033, growing at a CAGR of 8% from 2024 to 2033.
A vaping tank is a vessel that retains e-liquid and delivers it to the coil of vaping device. The tank facilitates heating of liquid, converting it into vapor for inhalation. The essential components that constitute the entire vaping tank include tank body, atomizer, drip tip, base & airflow controls, top cap, and filling mechanism. With advancing techniques, manufacturers are developing vaping tanks that enhance the flavor of liquid and improve user convenience.
Changes in lifestyle trends have promoted vaping as a less harmful alternative for traditional smoking, thereby driving the growth of the vaping tank market. In addition, innovations in tanks such as leak-proof designs and improved airflow systems augment the development of the market. Furthermore, surge in popularity of e-commerce has propelled the market growth by enhancing the accessibility of vaping devices for a broad customer base. The trend of customization is dominating the vaping tank market currently. This has led to the development of tanks with smart temperature controls, allowing users to personalize their experience by adjusting temperature ranges. Smart control further aids in enhancing the flavor profile of e-liquids as different varieties require different vaporizing temperatures.
However, the implementation of stringent regulations regarding the sale and use of vaping products owing to rising health concerns hampers the development of the vaping tank market. Moreover, widespread presence of low quality and counterfeit products reduces the trust of customers, thereby restraining the market growth. On the contrary, upsurge in exposure of the young generation toward vaping is poised to open new avenues for the expansion of the market. According to the data released by CFAH—a blogging website that provides science-backed information on different topics—exposure of young generation increased from 69.3% in 2019 to 70.3% in 2021 in the U.S. This number is further predicted to rise owing to the perception of vaping being safer than cigarettes, hence presenting lucrative opportunities for the vaping tank market.
Segment ReviewThe vaping tank market is segmented into product type, material, distribution channel, and region. On the basis of product type, the market is divided into sub-ohm tanks, clearomizers, rebuildable tanks (RTAs), rebuildable dripping atomizers (RDAs), and pod systems. Depending on material, it is segmented into glass, polycarbonate, and stainless steel. As per distribution channel, it is categorized into on-specialty stores, online stores, and distributors & wholesalers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the pod systems segment dominated the market in 2023.
Depending on material, the stainless steel segment acquired a high stake in the market in 2023.
As per distribution channel, the online stores segment held a high share of the market in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe leading players operaing in the global vaping tank market include SMOK Tech, Vaporesso, GeekVape, Voopoo, Uwell, Innokin, Aspire, Lost Vape, Wotofo, and Hellvape. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypeSub-ohm tanks
Clearomizers
Rebuildable tanks (RTAs)
Rebuildable dripping atomizers (RDAs)
Pod systems
By MaterialGlass
Polycarbonate
Stainless steel
By Distribution ChannelOn-specialty stores
Online Stores
Distributors and wholesalers
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersSMOK Tech
Vaporesso
GeekVape
Voopoo
Uwell
Innokin
Aspire
Lost Vape
Wotofo
Hellvape