An electronic cigarette or e-cigarette is a handheld electronic device which vaporizes a flavored liquid. The user inhales the vapor. Using e-cigarettes is sometimes called vaping. The liquid in the e-cigarette, called e-liquid, is usually made of nicotine, propylene glycol, glycerine, and flavorings. Not all e-liquids contain nicotine.
Market competition is intense. Imperial Tobacco, Reynolds American, Japan Tobacco, Altria, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers: have been formed in the monopoly position in the industry. In 2012, the international tobacco giants laid out the e-cigarette industry and caused many acquisitions and other industry mergers and acquisitions. At the same time, the market has been reshuffled. With the stricter smoking bans in various countries, e-cigarettes will usher in better development.
The health risks of e-cigarettes are uncertain. They are likely safer than tobacco cigarettes, but are of unclear effect in relation to other methods of stopping smoking. Their long-term health effects are not known. They may help some smokers quit. When used by non-smokers, e-cigarettes can lead to nicotine addiction, and there is concern that children could start smoking after using e-cigarettes.
According to this study, over the next five years the E-cigarette market will register a 22.1% CAGR in terms of revenue, the global market size will reach US$ 15600 million by 2024, from US$ 4700 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in E-cigarette business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of E-cigarette market by product type, application, key manufacturers and key regions and countries.
This study considers the E-cigarette value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3: and forecast to 2024 in section 11.7.
With Screen
Without Screen
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 11.8.
Online
Offline
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Imperial Tobacco
Reynolds American
Japan Tobacco
Altria
VMR Product
Njoy
21st Century
Vaporcorp
Truvape
FirstUnion
Hangsen
Buddy Group
Kimree
Innokin
SHENZHEN SMOORE
SMOK
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global E-cigarette consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of E-cigarette market by identifying its various subsegments.
Focuses on the key global E-cigarette manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the E-cigarette with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of E-cigarette submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
