Global E-cigarette and Vape Market Growth 2023-2029

Global E-cigarette and Vape Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “E-cigarette and Vape Industry Forecast” looks at past sales and reviews total world E-cigarette and Vape sales in 2022, providing a comprehensive analysis by region and market sector of projected E-cigarette and Vape sales for 2023 through 2029. With E-cigarette and Vape sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world E-cigarette and Vape industry.

This Insight Report provides a comprehensive analysis of the global E-cigarette and 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 E-cigarette and Vape portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global E-cigarette and Vape market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for E-cigarette and Vape and breaks down the forecast by type, by application, 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 E-cigarette and Vape.

The global E-cigarette and Vape market size is projected to grow from US$ 2001.5 million in 2022 to US$ 2605.3 million in 2029; it is expected to grow at a CAGR of 2605.3 from 2023 to 2029.

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.

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

Market Segmentation:

Segmentation by type
By Product
Disposable
Rechargeable
Modular Devices
By Component
Atomizer
Method of Delivery (MOD)
Cartomizer
E-liquid

Segmentation by application
Online
Offline

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 analyzing the company's coverage, product portfolio, its market penetration.
Altria Group, Inc.
British American Tobacco
Imperial Brands
International Vapor Group
Japan Tobacco
International
NicQuid
Philip Morris International Inc.
R.J. Reynolds Vapor Company
Shenzhen IVPS Technology Co., Ltd.
Shenzhen KangerTech Technology Co., Ltd.

Key Questions Addressed in this Report

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

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

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

How do E-cigarette and Vape market opportunities vary by end market size?

How does E-cigarette and Vape break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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