E-CIGARETTES; THREAT AS WELL AS AN OPPORTUNITY TO TOBACCO INDUSTRY & MARKET WILL BE GROWING AT OVER 25% CAGR DURING 2018-2024

The report "E-Cigarette Market”: - By Product Type (Rechargeable, Disposable, Ego, Modular, and others); By Distribution Channel (Specialty stores, Super & Hyper Markets, E-Commerce, Vape Shops, Others (Drug Stores, Gas Stations, Pharmacies & Some others); & By Geography - Trends & Forecast (2018-2024). Envision Inteligence estimated that E-Cigarettes Market is projected to reach USD 30 billion by the end of 2024 with a CAGR of 25% from USD 13 billion in 2017.
Introduction:
E – Cigarettes are gaining popularity around the world as an alternative to the conventional cigarettes. These cigarettes are usually battery operated devices that convert liquid nicotine to the vapor and are less harmful than traditional cigarettes. Owing to the rise in number of smokers across all the age groups coupled with the increasing awareness on health concerns associated with the traditional cigarettes, the demand for the e-cigarettes is on rise from the past couple of years especially in North America and European economies.
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The E-cigarette market is mostly concentrated in North America and Europe and is still in infancy in APAC, Middle East & African regions. The NHS (National Health Service), UK endorsed in favor of the usage of e –cigarettes as less damaging than regular cigarettes. Moreover, the increasing share of ex-smokers and a huge demand for a broad range of products with different nicotine flavors are boosting the growth of the market during the coming years. However, the major cited reasons including e-cigarettes are “less harmful than factory made cigarettes” and “helps to reduce smoking conventional cigarettes” act as a drivers for the market.
Key players in the market include:

• Reynolds American, Inc.
• Altria, Inc.
• British American Tobacco
• Philip Morris International
• Japan Tobacco Inc.
• Imperial Brands Plc.
• VMR Products LLC

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Reasons to buy this report:
This report contains the in-depth analysis on the market and the estimations are done using volume and value data are further validated on three approaches including bottom-up, top-down and from top companies revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
Key pointers in the report include:
• Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to comprehend the market dynamics and key companies’ position during the next five years.
• Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
• Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
• Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
• A complete 360 degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players operating in the market is included in the report.
• Advanced customizations on countries, specific applications in end user industries, product based customizations will be provided based on the request. All the collected data is further validated and verified using surveys, interviews and interactions with industrial experts.

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