Global E-Cigarette And Vape Market 2024-2028
The e-cigarette and vape market is forecasted to grow by USD 41449.3 mn during 2023-2028, accelerating at a CAGR of 20.09% during the forecast period. The report on the e-cigarette and vape 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 growing awareness of health dangers related to traditional tobacco smoking, increasing availability of e-cigarettes through various distribution channels, and introduction of new e-cigarette and vape products.
Technavio's e-cigarette and vape market is segmented as below:
- By Product
- Modular e-cigarette
- Next-generation products
- Rechargeable e-cigarette
- Disposable e-cigarette
- By Distribution Channel
- Offline
- Online
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the product innovations in market in focus as one of the prime reasons driving the e-cigarette and vape market growth during the next few years. Also, prominence of private-label brands and growing popularity of customizable devices and diy e-liquid options will lead to sizable demand in the market.
The report on the e-cigarette and vape market covers the following areas:
- E-cigarette and vape market sizing
- E-cigarette and vape market forecast
- E-cigarette and vape 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 and vape market vendors that include Allo Technology Shenzhen Co. Ltd., Altria Group Inc., British American Tobacco Plc, DashVapes, Eleaf Group, ENVI, Flavour Beast, Geekvape, Imperial Brands Plc, Innokin Technology Ltd., Japan Tobacco Inc., JUUL Labs Inc., NicQuid LLC, Philip Morris International Inc., Shenzhen Eigate Technology Co. Ltd., Shenzhen FreeMax Technology Co. Ltd., Shenzhen IVPS Technology Co. Ltd., Shenzhen KangerTech Technology Co. Ltd., SVC Labs Ltd., and Turning Point Brands Inc.. Also, the e-cigarette and vape 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 primary and secondary research. 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 accurate market growth.