Press release
Global E-cigarettes and Vaping Market Research Report 2023
E-cigarette is a kind of electronic product that imitates cigarette. It has the same appearance, smoke, taste and feeling as cigarette. It is a kind of product that can be inhaled by users after nicotine is turned into steam by means of atomization.Electronic cigarette is composed of atomizer, control chip and battery. When the electronic cigarette is working, the liquid of the electronic cigarette is transferred to the atomization room, and then connected through the smoking air switch, and then the control chip (lithium battery drive) controls the heating of the atomization room to generate the vapor fog simulating the smoke, so as to meet the pleasure of smokers and the psychological habits developed for many years.
The global E-cigarettes and Vaping market was valued at US$ 2046 million in 2022 and is anticipated to reach US$ 917.4 million by 2029, witnessing a CAGR of -8.0% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
There are two main types of E-cigarettes and Vaping products: with and without display screen. Among them, the largest proportion is without display screen. In 2019, the market share is about 87%, accounting for more than half of the total market.
North America is the main sales area, accounting for about 42% of the global total sales. In the U.S. market, e-cigarettes are mainly occupied by large manufacturers affiliated to large multinational tobacco companies. Altria Group、Imperial Tobacco、ReynoldsAmerican、Japan Tobacco Inc and other well-known multinational tobacco companies have set up e-cigarette field, accounting for about 70-80% of the market space.
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Key Segmentations
By Company
Imperial Tobacco
ReynoldsAmerican
Japan Tobacco Inc.
Altria Group
VMR Product
Njoy
21st Century
Vaporcorp
Truvape
Shenzhen First Union Technology Co.,Ltd.
BUDDY
Guangdong Jeray Technology Group Co.,Ltd.
Innokin
Smoore
SMOK
Hangsen Group
Segment by Type
Without Screen
With Screen
Segment by Application
Online
Offline
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
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