Press release
E-Cigarettes Market Global Rising Trends, Demand, Scope and Growth Outlook Till 2023
The global e-cigarettes market was worth $ 11.73 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 17% and reach $21.4 billion by 2023.
Top Leading Companies mentioned are Philip Morris International, MCIG Inc., Altria Group Inc., British American Tobacco plc, Japan Tobacco, Inc., Imperial Tobacco Group, Njoy Inc, International Vapor Group, Reynolds American Inc, VMR Product and Other.
Increasing number of mergers and acquisitions between traditional cigarette and e-cigarette manufacturers is trending in the e-cigarettes market. Traditional cigarette manufacturing companies and e-cigarette manufacturers are collaborating for product development or to improve their presence in the global market. For instance, in July 2017, British American Tobacco plc, (BAT) an American British multinational cigarette and tobacco manufacturing company, acquired Reynolds American Inc. for $49 billion. The acquisition favored the BAT to have a stable presence in high growth emerging markets and high profitability developed markets. Reynolds American Inc., an American tobacco company that manufactures tobacco products and e-cigarettes.
In June 2018, Philip Morris International Inc. (PMI), a Swiss-domiciled multinational cigarette and tobacco manufacturing company, entered strategic collaboration with Parallax Development Corp. (Parallax). The agreement focused on development and commercialization of an effective alternative nicotine-delivery platforms that uses the maximum advantage of the most advanced technologies in pulmonary medicine. Parallax Development Corp., is a life sciences development company focused on developing an innovative, multi-patented platform for delivering nicotine to smokers in the safest ways possible.
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Market Scope
By Product Type:
1) By Product Type: Disposable; Rechargable; Modular
2) By Composition Used: Tobacco; Flavors; Nicotine-free
3) By Distribution Channel: Specialist E-cig Shops; Online; Supermarkets; Tobacconist; Others
Essential points covered in Global E-Cigarettes Market 2020 research are:-
-What will the market size and the growth rate be in 2021?
-What are the key factors driving the global E-Cigarettes market?
-What are the key markets trends impacting the growth of the global E-Cigarettes market?
-What are the challenges to market growth?
-Who are the key vendors in the global E-Cigarettes market?
-What are the market opportunities and threats faced by the vendors in the global E-Cigarettes market?
-What are the key outcomes of the five forces analysis of the global E-Cigarettes market?
This independent 200 pages report guarantees you will remain better informed than your competition. With over figures examining the E-Cigarettes market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2023.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of E-Cigarettes in these regions, from 2015 to 2023 (forecast), covering: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse in-depth and report summary TOC on "E-Cigarettes Market":
https://www.marketinsightsreports.com/reports/05072013757/e-cigarettes-global-market-report-2020-including-by-product-type-1-by-product-type-disposable-rechargable-modular-2-by-composition-used-tobacco-flavors-nicotine-free-3-by-distribution-channel-specialist-e-cig-shops-online-supermarkets-tobacconist-others-covering-philip-morris-international-mcig-inc-altria-group-inc-british-american-tobacco-plc-japan-tobacco-inc?Mode=Pradip&Source=OpenPR
Furthermore, the report provides a detailed analysis of the global E-Cigarettes market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global E-Cigarettes market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
Reasons for Buying this Report:
-Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
-Create regional and country strategies on the basis of local data and analysis.
-Identify growth segments for investment.
-Outperform competitors using forecast data and the drivers and trends shaping the market.
-Understand customers based on the latest market research findings.
-Benchmark performance against key competitors.
Utilize the relationships between key data sets for superior strategizing.
-Suitable for supporting your internal and external presentations with reliable high quality data and analysis
-Report will be updated with the latest data and delivered to you within 3-5 working days of order.
The research includes historic data from 2015 to 2019 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of E-Cigarettes on the basis of stating current situation of the industry in 2019 so as to make comprehensive organization and judgment on the competition situation and development trend of E-Cigarettes Market and assist manufacturers and E-Cigarettes organization to better grasp the development course of E-Cigarettes Market.
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MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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