Tobacconists in the US - Industry Research Report

Pipe dream: Rising taxes on tobacco and vapor products will harm industry profit

Tobacconists benefit from selling products that contain, among other things, nicotine, which is a highly addictive substance. As a result, few macroeconomic conditions significantly impact sales for tobacconists, as consumers who regularly use tobacco products are typically willing to continue making purchases regardless of economic conditions. Given these circumstances, revenue has been growing at a CAGR of 2.0% over the past five years and is expected to reach $59.5 billion in 2023, when revenue will decline an estimated 1.0%.

This industry retails various types of tobacco, cigars, pipes and accoutrements such as ashtrays, humidors and cigar cutters to final consumers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.