E-Cigarettes and Vaporizer Market Global Analysis | COVID-19 Pandemic Impact, Industry Demand, Size, Share, Trend, Key Players Review and Fast Forward Research

Market Synopsis

Global E-Cigarettes and Vaporizer Industry 2020 is poised to mature at a CAGR of over 25% over the review period (2016 to 2021).

Nonetheless, many people find it difficult to get rid of the addiction to nicotine and thus prefer e-cigarette over regular cigarettes. In fact, numerous legislative campaigns to raise awareness of the health risks posed by tobacco consumption have raised the number of people converting from regular cigarettes to e-cigarettes in recent years.

Competitive Dashboard

Some of the eminent players in Global E-Cigarettes and Vaporizer Industry include Nice Vapor., Dash Vapes, Hubbly Bubbly, LIQUIDEU, Pacific Smoke International, Puff ECIG, SMOKIO., Simple Vape Co. London Ltd, Vape Escapes and Vapor Line.

Big tobacco firms regulate a substantial portion of the worldwide e-cigarette & vape industry. Such companies forayed into e-cigarette space under their brand name with unique and creative products. At the other hand, numerous smaller players also exist which produce productive vapor goods. In turn, market-leaders are also involved in creativity and innovative product growth.

Segment Analysis

Segmentation of E-Cigarettes and Vaporizer Industry, by product type has been done in the disposable e-cigarette, rechargeable e-cigarette, ego and tanks, personal vaporizers and mods and others.

Regional Analysis

Globally, North America will lead the market over the forecast period, with the US the biggest customer in the world. The youth people have increasingly accepted vaping apps as a healthier alternative to cigarettes, which in turn is expected to increase the popularity of other goods. However, the latest ban on certain e-cigarette varieties, including U.S. fruit and mint flavors, to limit the country's underage smoking, is likely to hamper the national market growth to some extent.

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Europe is slated to experience significant growth over the prognosis period. In recent years, the growing prevalence of vaping apps has risen exponentially. In fact, health authorities in the area accept e-cigarettes and vapes from retailers such as the Vype of British American Tobacco Plc and the Blu of Imperial Brands Plc as a healthier alternative to smoking tobacco. Nonetheless, factors such as lack of knowledge about the technology and strict vaping legislation are likely to slow development in many areas.

At the fastest CAGR, APAC will rise, accounting for more than 20 per cent of the global E-Cigarettes and Vaporizer Industry share of e-cigarettes by 2021. A significant revenue flow from China and India over the forecast period will be observed.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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