E-Cigarette Market: Global Industry Analysis and Forecast (2021-2027)

E-Cigarette Market reached a value of US $ 15.2 Bn. in 2020. The global E-Cigarette Market size is estimated to grow at a CAGR of 28.4%. The market is expected to reach a value of US $ 26.6 Bn. in 2027.

E-Cigarette Market Overview:

An E-Cigarette is a device that is been used with the help of several forms such as a battery, inhaler, etc. E-Cigarettes is a device that comes in the shape of a pen, cigar, or cigarette. This device consumes less amount of nicotine as compared to disposable cigarettes. E-Cigarettes come to the market with the advantages of having less nicotine, containing a solution of nicotine-free liquid. A major factor to boost the E-Cigarette markets is a rise in demand for E-Commerce channels, reduce the risk of cancer, helpful for a regular smoker to quit smoking. This product comes in a variety of ranges, shapes, and sizes which is easier to prefer the product by the consumer. In addition, an increase in various techniques to the E-Cigarette products comes with automatic facility which eases the usage of this product by the consumers. Moreover, vape shops will obtain a significant share during the forecast period. E-Cigarette Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

E-Cigarette Market Dynamics:

The consumption of E-Cigarettes in the market is growing day by day these days, it is one of the powerful tools for those people who are willing to quit smoking, as it contains less amount of nicotine and tobacco. The manufacturer and retailers are also focusing to produce E-Cigarettes in a higher variety of ranges. After the year 2020, the demand for E-Cigarettes is growing rapidly in the younger population, because it allows refilling the cartridge also. Increasing the generation of science & technology, there is a major growth of E-Cigarette market in western culture, and also changing lifestyle of consumers are the important driving factors of the E-Cigarette market. An E-Cigarette is more efficient as it contains healthy battery life, as a result, demand for the E-Cigarette is expected for driving the market in the forecast period. Giving variety in E-Cigarette products like menthol, mint, and others gives immense growth for vendors and manufacturers. The government regulations of E-Cigarette products are restraining the market. After the effect of COVID-19, the government is taking some strict action on tobacco products, as result people have to follow their rules and regulations which leads to a decrease in the demand for tobacco products. People know that E-Cigarettes are a copy of original cigarettes, thus the satisfaction level of smokers is not that too high, as there is a major difference in the taste of both by inhaling. It contains less amount of nicotine thus the effect of containing the product is not so effectible for the regular smoker. Today is the generation of science & technology, and people who smoke know that the consumption of E-Cigarettes products gives several features like rechargeable, temperature control, etc. By adding this several features interests of consumers build a strong formation of regular customers. Due to which an increase in sales of vendors and manufacturers is expected to drive the market in the forecast period. Social media plays a vital role in promoting any brands, considering in terms of E-Cigarettes products, most of the companies also use these kinds of platforms to boost their businesses accordingly, which is a great opportunity for the E-Cigarette market. One of the biggest challenges of the E-Cigarette market is that people who smoke regularly will not prefer E-Cigarettes constantly, because it contains several flavors which do not give a suspicious effect on smokers. People are also having the fear of health diseases like cancer, which is a great challenge for the E-Cigarette market. The regular smoker doesn't feel better having E-Cigarettes. In 2019 the Government of India banned some tobacco products which also include E-Cigarettes. The government also consists some several regulations which do not create a wealthy environment for the manufacturer as well as vendors. E-Cigarette Market 1

E-Cigarette Market Segment Analysis:

Based on the Product, the market is segmented as Rechargeable E-Cigarette and Modular E-Cigarette. The rechargeable device of E-Cigarette product is expected to dominate the market in the forecast period. The regular smoker also used to prefer this product because it's easy to use in the long run as well as cheaper in price to purchase from the market. Rechargeable E-Cigarette is expected to be formed into a vape pen or pod system. There are several benefits of using rechargeable E-Cigarettes such as, it is refillable which is also easy to consume, less amount of nicotine has been found in this product, easy to quit smoking for the regular smoker. Whereas modular E-Cigarettes are also easy to consume for the smoker but the product is expensive as compared to others in this segment. The modular Cigarettes segment is expected to grow at a CAGR of 4.8% into the forecast period. It also provides a different level of customization options which is likely to opt for smokers from the retail stores. A modular E-Cigarette is used with the help of a battery and is likely to design with different customization options. E-Cigarette Market 2 Based on the Distribution, the market is segmented as Online E-Cigarette and Offline E-Cigarette. The Online E-Cigarette segment is expected to dominate the market in the forecast period. The online segment has taken place in the market with some basic factors such as expecting the growth of the E-Cigarette market in the future, the rising popularity of e-commerce websites. The major reason for leading the online segment is online channel partner provides more discounts and a variety of options to purchase E-Cigarette products. The online segment of E-Cigarettes is expected to grow at a CAGR of 6.5% during the forecast period. The online marketplaces are expected to be offered according to the terms of competence. Whereas E-Cigarettes offline segment is expected to be generally used in retail stores, gas stations, smoke shops, etc. People are having the advantage to try and test these devices before purchasing. The offline segment is expected to grow in terms of CAGR in the forecast period.

E-Cigarette Market Regional Insights:

North American region dominated the market in the year 2020 with a 40% share in the market. Social Media plays a vital role while dominating the market, young populations are adopting tobacco in North America in a wide range. Apart from that social media is also offering some variety to young people into E-Cigarette and vaping products. Youth peoples find it safe in adopting vaping devices, thus as a result demand for E-Cigarettes and vaping devices in North America are too high while comparing the other region. E-Cigarettes generally hold the major share of tobacco products and have 30,000 E-Cigarettes flavors in the U.S market and several flavors are also introduced in the market day by day. Europe held the second position and is considered one of the largest consumers of vaping products across the world. U.K, Russia, & France keeps the highest revenue generation in Europe as well. In the year 2020, the E-Cigarette market in Europe can reach 8.3bn U. S$ and is expected to reach 11bn U. S$ in the year 2027. The U.S global market is been expected to grow a CAGR of 17.8% from the period of 2021-2027.

Key insights of E-Cigarettes:

 The North American insight market size is projected to be in growing substance through 2020-2027.  E-cigarette products in U.S & Canada hold the highest market value in the North American region.  The E-Cigarette market size in Europe is also projected to be in substantial growth in countries like Germany, France, and Spain. The objective of the report is to present a comprehensive analysis of the E-Cigarette Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help understand the E-Cigarette Market dynamic and structure by analyzing the market segments and projecting the E-Cigarette Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the E-Cigarette Market make the report investor’s guide.

E-Cigarette Market Scope: Inquire before buying

Global E-Cigarette Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US$ 15.2 Bn.
Forecast Period 2021 to 2027 CAGR: 28.4% Market Size in 2027: US$ 26.06 Bn.
Segments Covered: by Product • Rechargeable • Modular
by Distribution • Online • Offline

E-Cigarette Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

E-Cigarette Market Key Players

• British American Tobacco plc. • Japan Tobacco Inc. • Generation v. • FIN Branding Group, LLC • Imperial Brands Plc. • Eleaf group. • Mojo Tech. • Philip Morris. International Inc. • Nic Quid. • JUUL Labs, Inc. • R.J. Reynolds vapor company. • British American tobacco • J Well France. • Shenzhen KangerTech technology co. ltd. • Ritchy group ltd.

Frequently Asked Questions:

1] What segments are covered in the E-Cigarette Market report? Ans. The segments covered in the E-Cigarette Market report are based on By Product and By Distribution. 2] Which region is expected to hold the highest share in the E-Cigarette Market? Ans. The North American region is expected to hold the highest share in the E-Cigarette Market. 3] What is the market size of the E-Cigarette Market by 2027? Ans. The market size of the E-Cigarette Market by 2027 is US $ 26.06 Bn. 4] What is the forecast period for the E-Cigarette Market? Ans. The Forecast period for the E-Cigarette Market is 2020-2027. 5] What was the market size of the E-Cigarette Market in 2020? Ans. The market size of the E-Cigarette Market in 2020 was US $ 15.02 Bn.
1. Global E-Cigarette Market Size: Research Methodology 2. Global E-Cigarette Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global E-Cigarette Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global E-Cigarette Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global E-Cigarette Market Size Segmentation 4.1. Global E-Cigarette Market Size, by Product (2020-2027) • Rechargeable • Modular 4.2. Global E-Cigarette Market Size, by Distribution (2020-2027) • Online • Offline 5. North America E-Cigarette Market (2020-2027) 5.1. Global E-Cigarette Market Size, by Product (2020-2027) • Rechargeable • Modular 5.2. Global E-Cigarette Market Size, by Distribution (2020-2027) • Online. • Offline. 5.3. North America E-Cigarette Market, by Country (2020-2027) • United States • Canada • Mexico 6. European E-Cigarette Market (2020-2027) 6.1. European E-Cigarette Market, by Product (2020-2027) 6.2. European E-Cigarette Market, by Distribution (2020-2027) 6.3. European E-Cigarette Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific E-Cigarette Market (2020-2027) 7.1. Asia Pacific E-Cigarette Market, by Product (2020-2027) 7.2. Asia Pacific E-Cigarette Market, by Distribution (2020-2027) 7.3. Asia Pacific E-Cigarette Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa E-Cigarette Market (2020-2027) 8.1. The Middle East and Africa E-Cigarette Market, by Product (2020-2027) 8.2. The Middle East and Africa E-Cigarette Market, by Distribution (2020-2027) 8.3. The Middle East and Africa E-Cigarette Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America E-Cigarette Market (2020-2027) 9.1. Latin America E-Cigarette Market, by Product (2020-2027) 9.2. Latin America E-Cigarette Market, by Distribution (2020-2027) 9.3. Latin America E-Cigarette Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. British American Tobacco plc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Japan Tobacco Inc. 10.3. Generation v. 10.4. FIN Branding Group, LLC 10.5. Imperial Brands Plc. 10.6. Eleaf group. 10.7. Mojo Tech. 10.8. Philip Morris. International Inc. 10.9. Nic Quid. 10.10. JUUL Labs, Inc. 10.11. R.J. Reynolds vapor company. 10.12. British American tobacco 10.13. J Well France. 10.14. Shenzhen KangerTech technology co. ltd. 10.15. Ritchy group ltd.

About This Report

Report ID 23441
Category Consumer Goods & Services
Published Date Jan 2019
Updated Date Dec 2021
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