Global E-cigarette &
Vaporizer Market by Product Type (Disposable E-cigarette,
Rechargeable E-cigarette, E-go and tanks E-cigarette, Personal Vaporizers and
Mods) By Distribution Channel (Online Store, Departmental Store, Pharmacy Store)
and Region - Global Forecast to 2024
E-cigarette
refers to a cigarette shaped device which stimulates the experience of smoking
tobacco without inhaling the tobacco. E-cigarette consists of battery, atomizer
and e-liquid. E-cigarettes help the smokers to quit smoking. Consumers prefer
e-cigarettes over conventional cigarettes as it does not lead to diseases or
death.
Market Size and Forecast
Global
e-cigarette and vaporizer market is expected to flourish at a CAGR of 23.6%
during the forecast period. In 2016, the
market of e-cigarette and vaporizer was valued at USD 9.1 Billion and is
anticipated to reach USD 49 Billion by the end of 2024. Due to the health
issues caused by cigarette, tobacco addicted persons are adopting e-cigarettes.
This factor is expected to drive the market of e-cigarette and vaporizer across
the globe.
In the
regional platform, North America accounted for highest market share in overall
e-cigarette and vaporizer market in 2016. Further, North America is expected to
continue its dominance over the forecast period due to the increasing
healthcare concerns and rising adoption of e-cigarettes and vaporizer.
Tobacco is the major cause of disease and deaths in North America region.
Further, stringent rules and regulations by government regulatory bodies limit
the use of tobacco which is further expected to expand the market of
e-cigarette and vaporizer in the North America region. U.S. is witnessing
augmented demand for e-cigarettes & vaporizers and is expected to
positively contribute to the growth of North America e-cigarette &
vaporizer market. Europe region is expected to grow at a significant pace over
the forecast period. This can be attributed to presence of rigid policies
enforced by the European Union Tobacco Products Directive (EU-TPD). These laws
are restricting the growth of cigarette industry which further, is likely to
boost the demand for e-cigarettes & vaporizers.
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Asia-Pacific
e-cigarette & vaporizer market is anticipated to showcase lucrative growth
during the forecast period. Presence of large numbers of manufacturers is
expected to drive the market of e-cigarette & vaporizer in the Asia-Pacific
region. Asia Pacific region has a huge potential of e-cigarette and vaporizer
market owing to the developing stage of the market. China and India has been
the major contributor to the growth of Asia-Pacific e-cigarette and vaporizer
market. Moreover, rising awareness about e-cigarette and new product launches
is expected to supplement the growth of e-cigarette and vaporizer market over
the forecast period.
Market Segmentation
Our
in-depth analysis has segmented global e-cigarette & vaporizer market into
the following segments:
By Product Type
Disposable
E-cigarette
Rechargeable
E-cigarette
E-go and
tanks E-cigarette
Personal
Vaporizers and Mods
Others
By Distribution Channel
Online
Store
Departmental
Store
Pharmacy
Store
Others
By Region
Global
e-cigarette & vaporizer market is further classified on the basis of region
as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest
of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle
East and Africa (GCC, North Africa, South Africa & Rest of Middle East
Africa) Market Size and Y-O-Y Growth Analysis
Growth Drivers & Challenges
Rising
adoption of e-cigarettes in developed regions is driving the growth of the
global e-cigarette and vaporizer market. Further, rising awareness about the
bad effects of tobacco is envisioned to strengthen the growth of global
biometric vaporizer market during the forecast period.
Further,
the distribution of e-cigarettes through online stores is expected to drive the
growth of global e-cigarette and vaporizer market. Moreover, increasing
internet penetration rate and rising inclination of consumers towards online
stores is anticipated to garner the growth of global e-cigarettes and vaporizer
market.
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However,
heavy tax rates imposition by the government is likely to limit the growth of
global e-cigarette & vaporizer market. Further, unregulated manufacturing
process in China is expected to negatively impact the growth of global
e-cigarette and vaporizer market.
Key Players
Electronic
Cigarette International Group
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Dash Vapes
Hubbly
Bubbly Ltd.
Liquideu
Nice Vapor
Pacific
Smoke International
Puff ECIG
Simple
Vape C0. London Ltd.
Smokio
Vape
Escapes
Vapor Line
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
e-cigarette & vaporizer market is segmented as follows:
By Product
Type Market Size & Y-O-Y Growth Analysis
By
Distribution Channel Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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