Global Vape Market Growth 2025-2031

The global Vape market size is predicted to grow from US$ 19620 million in 2025 to US$ 34360 million in 2031; it is expected to grow at a CAGR of 9.8% from 2025 to 2031.

Global core manufacturers of Vape for In-line Systems include Imperial Tobacco, British American Tobacco, Japan Tobacco, Altria and Philip Morris International. North America is the largest consumption region, accounting for approximately 57% of the global market. In terms of type, e-vapor is the largest market segment, with a share of more than 94%. In terms of sales channel, the largest sales channel is offline sales, with a share of approximately 83%.



LP Information, Inc. (LPI) ' newest research report, the “Vape Industry Forecast” looks at past sales and reviews total world Vape sales in 2024, providing a comprehensive analysis by region and market sector of projected Vape sales for 2025 through 2031. With Vape sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vape industry.

This Insight Report provides a comprehensive analysis of the global Vape landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vape portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vape market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vape and breaks down the forecast by Type, by Sales Channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vape.

This report presents a comprehensive overview, market shares, and growth opportunities of Vape market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
E-vapor
Heated Not Burn

Segmentation by Sales Channel:
Offline Sales
Online Sales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Imperial Tobacco
British American Tobacco
Japan Tobacco
Altria
Philip Morris International
FirstUnion
Buddy Group
Innokin
RELX
Smoore International
ELFBAR
SKE Crystal
Elux
MOTI
Boulder

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vape market?

What factors are driving Vape market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vape market opportunities vary by end market size?

How does Vape break out by Type, by Sales Channel?

Please note: The report will take approximately 2 business days to prepare and deliver.