Global E-cigarettes and Vaping Market Growth 2025-2031

The global E-cigarettes and Vaping market size is predicted to grow from US$ 1374 million in 2025 to US$ 817 million in 2031; it is expected to grow at a CAGR of -8.3% from 2025 to 2031.

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.

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.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for E-cigarettes and Vaping 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-cigarettes and Vaping.

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

Segmentation by Type:
Without Screen
With Screen

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 analysing the company's coverage, product portfolio, its market penetration.
Imperial Tobacco
ReynoldsAmerican
Japan Tobacco Inc.
Altria Group
VMR Product
Njoy
21st Century
Vaporcorp
Truvape
Shenzhen First Union Technology Co.,Ltd.
BUDDY
Guangdong Jeray Technology Group Co.,Ltd.
Innokin
Smoore
SMOK
Hangsen Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global E-cigarettes and Vaping market?

What factors are driving E-cigarettes and Vaping market growth, globally and by region?

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

How do E-cigarettes and Vaping market opportunities vary by end market size?

How does E-cigarettes and Vaping break out by Type, by Application?

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