Global E-cigarette Market 2024-2028

Global E-Cigarette Market 2024-2028

The e-cigarette market is forecasted to grow by USD 35904.7 mn during 2023-2028, accelerating at a CAGR of 18.09% during the forecast period. The report on the e-cigarette market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by safety of e-cigarettes compared with other tobacco products, increasing application of e-cigarettes as smoking cessation tool, and high availability of e-cigarettes across different distribution formats.

Technavio's e-cigarette market is segmented as below:

By Distribution Channel

• Offline
• Online

By Product

• Modular E-cigarette
• Next-generation products
• Rechargeable E-cigarette
• Disposable E-cigarette

By Geography

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the emergence of hybrid vaping devices as one of the prime reasons driving the e-cigarette market growth during the next few years. Also, adoption of effective marketing and promotion strategies and increasing number of product launches will lead to sizable demand in the market.

The report on the e-cigarette market covers the following areas:

• E-cigarette market sizing
• E-cigarette market forecast
• E-cigarette market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading e-cigarette market vendors that include Altria Group Inc., British American Tobacco Plc, ePuffer Ltd., GD SIGELEI Electronic Tech Co. Ltd., Geekvape, ICCPP, Imperial Brands Plc, Innokin Technology Ltd., ITC Ltd., Japan Tobacco Inc., JUUL Labs Inc., JWEI Group, OXVA, PhixVapor, Shenzhen IVPS Technology Co. Ltd., Shenzhen KangerTech Technology Co. Ltd., Shenzhen Runfree Technology Co. Ltd., Shenzhen UWELL Technology Co. Ltd., SMOORE International Holdings Ltd., and White Cloud Electronic Cigarettes. Also, the e-cigarette market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.