E Cigarette & Vaporizer Market 2018 Global Industry Professional Survey by Top Manufacturers | Altria Group, INC, Ballantyne Brands, LLC, British American Tobacco Plc (Bat), CB Distributors, Bull Smoke, INC, Cigavette, Clearette Electronic Cigarette Co

E-Cigarettes & Vaporizer Global Market - Overview
The Global E-Cigarettes & Vaporizer Market is growing with the rapid pace; mainly due to the evolving Consequences of smoking. According to a recent study report published by the Market Research Future, The global E-Cigarettes & Vaporizer Market is booming and expected to gain prominence over the forecast period. The global E-Cigarettes & Vaporizer market is expected to grow at a CAGR over 25% over the period of 2016 to 2021.

E cigarettes & vaporizers have emerged as a popular alternatives to traditional consumption methods for tobacco and other substances’ consumption. Market Research Future, a firm which specializes in market reports related to Food, Beverages & Nutrition sector among others, recently published a report on this market. The global E-cigarettes & vaporizer market is expected to grow at a CAGR rate of over 25.0% over the period of 2016 to 2021.

E cigarettes have been growing in popularity and demand in recent times due to extensive word of mouth popularity and promotion through popular culture. Increase in number of cancer cases due to cigarette consumption has prompted migration of demand to this sector. Rise in number of individuals wanting to quit smoking has also considerably increased the demand for this industry.
Although there are no major side effects known, a very few of customers have reported with the allergic symptoms to PG which simply causes some irritation in the throat. All known side effects are typically associated with cigarette withdraw and not with E-Cigarettes & Vaporizer devices. These negligible side effects coupled with factors such as, increasing incidents of e-liquid poisoning, uncertain regulatory framework and the high costs associated with these devices may hamper the market growth during the projected period.

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Global E-Cigarette & Vaporizer Market Growth Influencer:

The Global E-Cigarette & Vaporizer market has been mainly driven by a flurry of activities mainly including Mergers & Acquisitions, Patent Warfare, and increasing customization in products. Additionally, the emergence of Vape shops is engaging more users through their extensive variety of products and improved assistance while shopping the preferred products. However, the state and local government’s proposals to charge heavy taxes on e-cigarettes is emerging as a key challenge for the Global E-Cigarette & Vaporizer market. Also, the compatibility issues and the unfettered manufacturing process in China are other restrictive factors in the e-cigarette market. The e-cigarette industry has come into limelight after 2012, when the tobacco giant Lorillard acquired the US based e-cigarette company, ‘Blu Ecigs’. The market was then taken over by the top tobacco giants through a series of mergers & acquisitions which has brought immediate value to the fledgling market. The giants of tobacco companies has started competing aggressively by acquiring the top e-cigarettes brands and rolled out their own brands in the market with newer and advanced technological products. Furthermore, an overall non-uniformity of regulation and taxation policies has allowed large number of players to enter into the market.

Global E-Cigarette & Vaporizer Market: Key Players

Altria Group

British American Tobacco Plc

Ballantyne Brands

Clearette Electronic Cigarette Co

Cloudcig

Gamucci Electronic Cigarettes

Fontem Ventures

Fin Branding Group LLC

Detailed Regional Analysis:
Currently, North America is the largest consumer of E-Cigarettes & Vaporizer in the world market. It is closely followed by Europe. Although, China began as the first market for E-Cigarettes & Vaporizer, the U.S. and developed markets from Europe became the prime consumers of E-Cigarettes & Vaporizer, due to which these two regions collectively account for over 80% of the world market. APAC will be growing at the fastest CAGR, accounting for more than 20% of the global e-cigarette market value by 2021. Significant revenue flow will be observed from China and India over the forecast period.

Market Research Analysis:
The global E-Cigarette & Vaporizer market is expected to witness significant growth during the forecast period, due to the growth in the end-use industry. The demand is augmented essentially due to the rapid growth in residential construction in region of Asia-pacific. The market has been segmented on the basis of application into residential and non-residential. Residential construction is expected to lead the market with largest market size followed by non-residential segment, which includes commercial spaces, manufacturing industry and public utility spaces. However factors such as sustainability issues in construction industry is expected to hamper the market growth during the forecast period.

The reports also covers brief analysis of Geographical Region includes:

•Americas
North America (US, Canada)
Latin America (Argentina, Brazil, Mexico, Rest of LATAM)

•Europe
Western Europe (Germany, France, Italy, Spain, U.K, Rest of Western Europe)
Eastern Europe (Poland, Russia)

•Asia – Pacific
Asia (China, India, Japan, South Korea, Rest of Asia)
Pacific Countries (Australia, New Zealand)

•Middle East & Africa
Middle East (Saudi, Qatar, UAE)
Rest of Middle East (Africa, South Africa, Rest of Africa)

Every report of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.

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