Global E-cigarette Market Market 2021 by Key Players, Regions, Type and Application, Forecast to 2027 (Based on COVID-19 Impact Analysis)

In terms of revenue, the global E-cigarette Market is projected to value around USD 45 billion in 2026 growing at CAGR of 1700.00% from 2021 till 2026. The E-cigarette Market stood at around USD 14 billion in 2019

The E-cigarette Market Study report incorporates a thoroughly studied analysis of competitive scenario including key players & manufacturers and their profiles, market type, product and its definitions and description, revenue forecast, 1700.00%, growth driving forces and its explanation, trend & opportunities and growth outlook, regional and segmental analysis. The report is built of data derived from proprietary sources, primary and secondary research methodologies and is checked and verified by our in-house team of experts.

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E-cigarettes are battery-powered devices that are considered less toxic than traditional cigarettes. Also known as e-cigs, e-vaping devices, vape pens and electronic cigarettes, these cigarettes consist of three main components, namely, a heating coil, battery and an e-liquid cartridge.

The liquid in the device, known as e-liquid, includes glycol, nicotine, flavors, etc. for creating aerosol after heating. The aerosol produced from an electronic cigarette is different from vapors and contain the aerosol from an e-cigarette consists of particulate matter. Old generation electronic cigarettes used freebase nicotine, however newly introduced electronic cigarettes in the market pre-filled systems and refillable systems.

Regional Analysis

The regional analysis covered in this market study covers insights on distribution channel, marketing techniques, methodologies of prominent players which is further bifurcated on a country-wise basis and explains the reasons for the position of the market as well as the factors that will put the market in the projected state over the forecast period.

Furthermore, the report embodies analysis of each and every segment, its sub-categories, and explanation of the same. In addition, the report includes anticipation over the bifurcations of segments as to which part will have the highest growth and which category will hold the largest market share along with reasons for the same.

North America region dominated the market in 2020 with a market share of more 0.00% and is anticipated to continue its dominance in the upcoming years. Region-wise, North America enjoys the leading position in the market, accounting for majority of the total global market. Leading countries U.S.

Driving Factors

willingness of consumers

The willingness of consumers to quit smoking tobacco products and their perception of e-cigarettes as a safer alternative to traditional cigarettes have led to the increased demand for these devices across the globe. In line with this, the manufacturers are introducing new-generation e-cigarettes which offer different strengths of nicotine and allow the users to refill the cartridge.

Easy Availability of E-Cigarettes on Numerous Distribution Channels Driving Market Growth

Manufacturers of vaping devices are promoting and selling their products through kiosks and dedicated in-store hubs at larger retail outlets and grocery shops. E-cigarette providers are also setting up their stores and outlets to offer a vaping experience

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Restraints

worldwide restrictions on trade

The worldwide restrictions on trade have obstructed the supply of vaping products from China to the world. This has resulted in the shortage of e-cigarettes and numerous incidents of black marketing for these products in European and North American countries.

Opportunity

Social Acceptance Boosting E-Cigarettes Demand

The soaring awareness regarding environmental and human health is one of the key factors fueling the e-cigarette market advance. The growing consciousness has inspired governments to work toward creating a greener and more-sustainable environment and take several steps to put a complete ban on smoking at specific places. This is compelling smokers to move outside the restricted spaces, which has resulted in a high demand for vaping products that do not emit tobacco smoke and can offer the same sensation as conventional cigarettes.

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Key Players

Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., and Vmr Flavours Llc.

Segmentations

Breakup by Product

Modular E-Cigarette , Rechargeable E-Cigarette , Next-Generation E-Cigarette , Disposable E-Cigarette

Breakup by Flavor

Tobacco , Botanical , Fruit , Sweet , Beverage

Operation

Automatic E-Cigarette , Manual E-Cigarette

E-cigarette Market: Regional Analysis

North America
S.
Canada
Europe
UK
France
Germany
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC Countries
South Africa
Rest of MEA
Table of Contents for the E-cigarette Market market report:

Market Introduction
Key Players
Domains
Main
Sub Domain
Parent Market
E-cigarette Market Market Type
Product/Service Picture
Definition of Product/Service
Description of Product/Service Market
Revenue
Historic values
Forecast
CAGR
Drivers and their elaborations
Restraints and their elaborations
Opportunities with descriptive reasons
Regional Analysis for E-cigarette Market market
Leading region
Reasons behind lead
Market share of the leading region
Top Performing country
E-cigarette Market market segmental analysis
Segments and Categories
Leading Category
Reasons for performance
Explanation & Description
Research Methodology
Appendix

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