Market Overview:
The global e-cigarette and vaping market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of vaping over smoking, rising demand for flavored e-cigarettes, and growing number of vape shops. In terms of type, the disposable segment is expected to hold the largest share in the global e-cigarette and vaping market during the forecast period. This can be attributed to their low cost and easy availability. However, as consumers shift towards more advanced devices such as mods and rebuildable atomizers (RBAs),the rechargeable segment is projected to grow at a higher CAGR than other segments during the forecast period.
Product Definition:
An electronic cigarette (e-cigarette) is a battery-operated device that simulates smoking by heating and vaporizing flavored liquids called e-juices. E-cigarettes are usually designed to look and feel like traditional cigarettes, cigars, or pipes. Some even have a disposable cartridge filled with nicotine liquid that is heated up and turned into a vapor. Vaping is the act of using an e-cigarette.
Disposable:
Disposable is a term used for items that are meant to be used only once and then get thrown away. Disposable devices or products are made from materials that can be easily recycled, such as plastic, glass, paperboard and aluminum. The most common examples of disposable products include cigarette filters, cartridges/batteries and vape pen cartridges/waxes.
Rechargeable:
Rechargeable batteries are also known as rechargeable or secondary batteries. These are non-rechargeable, unlike primary (disposable) batteries which can be used multiple times before being disposed of or recycled. Rechargeables have a higher energy density than disposable and hence provide longer usage time in between charging cycles. They also allow the user to control the amount of vapor produced by e-liquid, depending on how much battery power is remaining in comparison with when it is fully charged.
Application Insights:
Based on application, the global market has been segmented into online and retail. The online segment dominated the overall industry in terms of revenue in 2017. This is attributed to factors such as high product demand, low barriers to entry and flexible working hours for consumers. Furthermore, manufacturers are able to reach a larger consumer base through internet marketing which is also a key factor driving the growth of this segment.
The retail application is expected to witness significant growth over the forecast period owing to increasing awareness about e-cigarettes among healthcare professionals and an increase in their visibility at pharmacies, supermarkets and convenience stores across all major regions globally including North America, Europe, Asia Pacific and Middle East & Africa. Increasing availability of e-liquid products with varying nicotine levels has also paved new avenues for retailers who can now offer customized products based on customer requirements which will further boost industry growth over next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for e-cigarettes and vaping products from U.S. The country has a tradition of smoking, which has resulted in an increase in awareness regarding these products among consumers over the past few years. In addition, growing popularity of e-cigarette flavors such as fruit and mint is expected to drive growth during the forecast period.
Asia Pacific is anticipated to be one of the fastest growing regional markets due to increasing number of vape shops and rising awareness about these devices among smokers looking for alternatives that are less harmful than tobacco cigarettes. Furthermore, countries such as China have banned traditional cigarettes but not e-cigarettes; this factor will also boost regional market growth over the next eight years or so until 2030 when it will surpass North America becoming largest globally by 2030 (based on revenue).
Growth Factors:
- Increasing awareness about the benefits of vaping over smoking: There is a growing awareness among people about the health hazards of smoking. This is driving them towards vaping as an alternative to smoking, which is considered to be less harmful.
- Rising demand for flavored e-cigarettes: The popularity of flavored e-cigarettes is increasing rapidly, especially among young adults and teenagers. This is because they offer a variety of flavors such as mint, tobacco, cherry, etc., which smokers find appealing.
- Growing number of vape shops: The number of vape shops across the world is growing rapidly as more and more people are switching to vaping from smoking cigarettes. This has resulted in increased competition among vape shops, thereby leading to lower prices and better products offerings for consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
E-cigarette and Vaping Market Research Report
By Type
Disposable, Rechargeable, Modular Devices
By Application
Online, Retail
By Companies
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.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global E-cigarette and Vaping Market Report Segments:
The global E-cigarette and Vaping market is segmented on the basis of:
Types
Disposable, Rechargeable, Modular Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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.
Highlights of The E-cigarette and Vaping Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disposable
- Rechargeable
- Modular Devices
- By Application:
- Online
- Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the E-cigarette and Vaping Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
E-cigarettes and vaping are devices that use nicotine to deliver an inhalable vapor. E-cigarettes look like traditional cigarettes, but they have a battery, cartridge, and nozzle that allow users to inhale nicotine instead of smoke. Vaping is the act of using an e-cigarette or vape pen.
Some of the major players in the e-cigarette and vaping market are 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..
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. E-cigarette and Vaping Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. E-cigarette and Vaping Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. E-cigarette and Vaping Market - Supply Chain
4.5. Global E-cigarette and Vaping Market Forecast
4.5.1. E-cigarette and Vaping Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. E-cigarette and Vaping Market Size (000 Units) and Y-o-Y Growth
4.5.3. E-cigarette and Vaping Market Absolute $ Opportunity
5. Global E-cigarette and Vaping Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. E-cigarette and Vaping Market Size and Volume Forecast by Type
5.3.1. Disposable
5.3.2. Rechargeable
5.3.3. Modular Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global E-cigarette and Vaping Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. E-cigarette and Vaping Market Size and Volume Forecast by Application
6.3.1. Online
6.3.2. Retail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global E-cigarette and Vaping Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. E-cigarette and Vaping Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global E-cigarette and Vaping Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. E-cigarette and Vaping Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global E-cigarette and Vaping Demand Share Forecast, 2019-2026
9. North America E-cigarette and Vaping Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America E-cigarette and Vaping Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America E-cigarette and Vaping Market Size and Volume Forecast by Application
9.4.1. Online
9.4.2. Retail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America E-cigarette and Vaping Market Size and Volume Forecast by Type
9.7.1. Disposable
9.7.2. Rechargeable
9.7.3. Modular Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America E-cigarette and Vaping Demand Share Forecast, 2019-2026
10. Latin America E-cigarette and Vaping Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America E-cigarette and Vaping Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America E-cigarette and Vaping Market Size and Volume Forecast by Application
10.4.1. Online
10.4.2. Retail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America E-cigarette and Vaping Market Size and Volume Forecast by Type
10.7.1. Disposable
10.7.2. Rechargeable
10.7.3. Modular Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America E-cigarette and Vaping Demand Share Forecast, 2019-2026
11. Europe E-cigarette and Vaping Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe E-cigarette and Vaping Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe E-cigarette and Vaping Market Size and Volume Forecast by Application
11.4.1. Online
11.4.2. Retail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe E-cigarette and Vaping Market Size and Volume Forecast by Type
11.7.1. Disposable
11.7.2. Rechargeable
11.7.3. Modular Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe E-cigarette and Vaping Demand Share, 2019-2026
12. Asia Pacific E-cigarette and Vaping Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific E-cigarette and Vaping Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific E-cigarette and Vaping Market Size and Volume Forecast by Application
12.4.1. Online
12.4.2. Retail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific E-cigarette and Vaping Market Size and Volume Forecast by Type
12.7.1. Disposable
12.7.2. Rechargeable
12.7.3. Modular Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific E-cigarette and Vaping Demand Share, 2019-2026
13. Middle East & Africa E-cigarette and Vaping Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa E-cigarette and Vaping Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa E-cigarette and Vaping Market Size and Volume Forecast by Application
13.4.1. Online
13.4.2. Retail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa E-cigarette and Vaping Market Size and Volume Forecast by Type
13.7.1. Disposable
13.7.2. Rechargeable
13.7.3. Modular Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa E-cigarette and Vaping Demand Share, 2019-2026
14. Competition Landscape
14.1. Global E-cigarette and Vaping Market: Market Share Analysis
14.2. E-cigarette and Vaping Distributors and Customers
14.3. E-cigarette and Vaping Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Altria Group, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. British American Tobacco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Imperial Brands
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. International Vapor Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Japan Tobacco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NicQuid
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Philip Morris International Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. R.J. Reynolds Vapor Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shenzhen IVPS Technology Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shenzhen KangerTech Technology Co., Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
