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Market Research Report

Global E-Cigarette & E-Vapor Market- Industry Size, Trends, Regional Outlook, Demand & Growth Analysis And Forecast 2016-2024

Published On : 2018-03-21 Report Page : 310 Category: Consumer Retail

Global E-Cigarette and E-Vaporizer Market Outlook

Market Overview

An electronic cigarette (e-cigarette) is a battery operated device which simulates the experience of tobacco smoking without the gulp of smoke. This device is an alternative of conventional cigarettes that emits vaporized nicotine which is inhaled by the user. The e-cigarette and e-vaporizer Market is competing directly with the big tobacco and big pharmacy companies since 2012. With the increasing number of brands and the market players are escalating the competition with advanced product launches, enhancing the quality and customization in the products. Due to growing health awareness and environmental-friendly usage, the market for global e-cigarette and e-vaporizer is growing.

Goldstein Research analyst forecast the e-cigarette and e-vaporizer Market size is set to reach USD 12.06billion by 2024, at a CAGR of5.60% over the forecast years. The e-cigarette and e-vaporizer vendors are introducing a variability in flavors which differs from menthol to the fusion of fruits and flavoring substances.

Covered in This Global E-Cigarette and E-Vaporizer Market Report        

The report covers the present ground scenario and the future growth prospects of the E-cigarette and e-vaporizer Market for 2016-2024 along with the new product launches, collaborations, and acquisitions by the market players. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.

Global E-Cigarette and E-Vaporizer Market Segmentation

By Component Type

  • Atomizers
  • Cartomizer
  • Clearomizer

By Product Type

  • Modular
  • Rechargeable
  • Disposable

By Composition

  • Nicotine
  • Flavors
  • Diluents

By Size

  • Mini Sized
  • Mid-Sized
  • Mods/APVs (Advanced Personal Vaporizer)

By Distribution Channel

  • Offline Distribution Channel
    • Convenience Stores
    • Vape Shops
    • Pharmacies
    • Gas Stations
    • Drug Stores
  • Online Distribution Channel

Based on Geography

  • North America E-Cigarette and E-Vaporizer Market (U.S. & Canada) {Market Share (%), Market Size(USD Billion)}
  • Latin America E-Cigarette and E-Vaporizer Market (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size(USD Billion)}
  • Europe E-Cigarette and E-Vaporizer Market (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)  {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific E-Cigarette and E-Vaporizer Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa E-Cigarette and E-Vaporizer Market (GCC, South Africa, North Africa, RoMEA)  {Market Share (%), Market Size (USD Billion)}

On the basis of product type, modular e-cigarettes held the highest market share of 56.8% in 2016due to flexibility in flavors, and enhanced inhaling experience which is appreciable by the consumers. Whereas, on the other hand the market share of rechargeable e-cigarettes was 40.90% in 2016 owing to the rising demand of the rechargeable liquids and reusable device on account of cost saving for the consumers.

Global E-cigarettes & E-Vaporizer Industry Analysis

Global e-cigarette and e-vaporizer Market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global E-cigarette and e-vaporizer Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global e-cigarette and e-vaporizer Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global E-cigarette and e-vaporizer Market report comprises of the following companies as the key players: Reynolds American, Imperial Brands, Japan Tobacco, Altria Group, NJOY and British American Tobacco.

Other high-flying vendors in the market are: Ballantyne Brands, CB Distributors, ECIG, Gamucci, Nicotek, RRR Chemicals, Vapor, VMR Products, and White Cloud.

According to our global market study on the basis of extensive primary and secondary research:  “One of the major trend in the global e-cigarette and e-vaporizer Market is growing popularity of flavors and fragrances such as menthol, mint, chocolate, cola, bubble gum, and fusions of other fruits and flavoring substances that are tempting the consumers who are adopting e-cigarette. In addition, there is increased number of mergers and acquisitions and shift from traditional tobacco to next generation tobacco.”

According to the report, major driving factor for e-cigarette and e-vaporizer Market is the increasing number of vape stores. For instance, Vaporfi which is an e-cigarette company have exclusively set up its stores globally including Americas, Europe and Asia to sell the products directly as consumers are more attracted towards the stores with the availability in variety of flavors and e-cigarette devices.

Further, the report states the major challenge is that in many countries such as Argentina, Venezuela, Panama, and Mexico have banned the sale of e-cigarettes. Government has come up with the rules and regulations that companies should cover 50.0% of the packaging with the health warning and has imposed extremely high penalties on companies selling, distributing and promoting of e-cigarettes and e-vaporizer.

Based on geography, North America dominated the global e-cigarette and e-vaporizer Market with the market share of 41.2% in 2016 due to easy availability of the e-cigarettes in retail stores and online channels. With the increase demand by the young population of North America is driving the e-cigarette and e-vaporizer Market. On the other hand, Asia-Pacific is growing steadily with a CAGR of 6.0%. Countries like Singapore, Japan, China, etc. are the largest producers and consumers of the tobacco products. China is the manufacturing hub and is exporting more than 70.0% of the e-cigarettes and its devices globally.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this E-Cigarette and E-Vaporizer Market Report

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the revenue of e-cigarette and e-vaporizer Market in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global E-Cigarette & E-Vapor Market- Industry Size, Trends, Regional Outlook, Demand & Growth Analysis And Forecast 2016-2024

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