Market Trends | France's lookah dab rig Market in Hot Growth
by linbin on June 01, 2020
Good news! Lookah dab rig is currently active in the french market, with an estimated 2 million+lookah dab rig enthusiasts in the country. A new study by the Xerfi research institute confirms this upward trend and offers interesting new ideas for the development of the French market in the next few years-this sign is likely to grow significantly in the next three years.
Xerfi's study entitled "lookah dab rig market between now and 2021" provides an overview of the current market and forecasts the market situation in the next three years. According to this study, there are many reasons for the success of lookah dab rig in france in recent years.
First, smokers are becoming more and more interested in nicotine substitutes with lower risk. The continued rise in tobacco prices also helps lookah dab rig to gain favor in france. With JUUL's success in the United States, new innovations will certainly boost the market. Finally, the support of tobacco companies has provided more possibilities for the visibility of water pipes online.
The current market situation is determined by figures.
All these factors have produced very positive predictions for the lookah dab rig industry. Xerfi estimates that the french market is currently worth 820 million euros, second only to the united states and the united kingdom.
This is a significant profit growth: from 2017 to 2018, the market grew by 21%. Most of the products sold in France come from China. However, on the contrary, French-made tobacco oil accounts for one-third of all global sales.
Xerfi research once again emphasizes the importance of physical stores, which account for 55% of all lookah dab rig sales in france. Online sales (25%) and tobacco sales (20%) are temporarily far behind. According to the Xerfi institute, lookah glass pipes for sale will continue to make significant progress in the next three years.