Market Overview:
The global e-cigarettes and vaping market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about the benefits of e-cigarettes and vaping over traditional smoking methods. Additionally, rising disposable income and changing lifestyle preferences are also contributing factors to the growth of this market. The global e-cigarettes and vaping market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into two segments: without screen and with screen. The without screen segment is further classified into cigalikes, Mods/Vapers (personal vaporizers), vape pens/eGo’s, refillable tanks & atomizers, rebuildable dripping atomizers (RDAs), sub ohm tanks & RDAs). The with screen segment is further classified into box mods/vape mods)and temperature control mods). On the basis of application, it can be divided into two segments: online sales and offline sales.
Product Definition:
The definition of E-cigarettes and Vaping is the use of a battery powered device that heats a nicotine liquid to create an aerosol for inhalation. The importance of E-cigarettes and Vaping is that it provides an alternative to smoking tobacco cigarettes.
Without Screen:
The without screen, it's usage and growth factor in the e-cigarette and vaping market is a new trend that has been gaining traction among consumers. The concept of using a vape pen without the need for any kind of liquid or cartridge has been around for quite some time now. However, with technological advancements in terms of product development as well as manufacturing processes, many manufacturers have started focusing on producing devices that are more efficient than ever before.
With Screen:
With the increase in the use of e-cigarettes and vaping devices, there has been a significant rise in demand for these products with different flavors. The market is expected to witness growth over the forecast period owing to increasing awareness among people regarding e-cigarette and vape mods as well as their health benefits. With an increase in disposable income, there has been a shift towards luxury living which includes expensive electronic gadgets such as laptops, mobile phones, etc.
Application Insights:
Based on application, the global market has been segmented into online and offline. The online segment held the largest share of over 70.0% in 2017 owing to various advantages offered such as ease of access, convenience and flexibility that stimulate consumption in cyberspace. Moreover, growing internet penetration rates coupled with rising disposable income levels are expected to drive demand for e-cigarettes and other vaping products over the forecast period.
Offline applications include brick-and-mortar stores or shops where consumers can try before buying or obtaining information about a product as well as sample packs/bundles available for trial purposes only. Offline stores have been found more effective than many e-commerce websites at providing personalized customer service which is likely to result in higher consumer loyalty towards these outlets leading to increased sales at offline locations which will eventually benefit manufacturers operating within this sector over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for e-cigarettes and vaping products, favorable regulations, and increasing awareness about these products. The region is expected to maintain its dominance over the forecast period as well due to factors such as growing population, rising disposable income of consumers especially young adults along with their preference for electronic cigarettes over conventional ones.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to high demand from countries such as China and India. These countries have a large population base that has not yet been introduced or adopted these devices despite being aware of them. Moreover, there are many manufacturers who are trying hard in order not only meet but exceed consumer demands by introducing advanced features including longer battery life and higher nicotine content within a reasonable price range thus making it more accessible even for first time users thereby contributing significantly towards regional growth prospects during the same period.
Growth Factors:
- Increasing awareness about the benefits of vaping over smoking: There are many benefits of vaping over smoking, which is helping to drive the growth of the e-cigarettes and vaping market. Some of these benefits include reduced risk of cancer, improved respiratory health, and reduced exposure to harmful chemicals.
- Growing demand for flavored e-cigarettes: The growing demand for flavored e-cigarettes is another key driver for the market growth. Flavored e-cigarettes are preferred by a large number of users as they offer a variety of flavors and help in quitting smoking cigarettes altogether.
- Rising popularity among young adults: The popularity of e-cigarettes and vaping is rising among young adults due to various factors such as easy availability, trendy designs, and perceived lower health risks as compared to traditional cigarettes. This is helping to fuel the growth of this market segment significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
E-cigarettes and Vaping Market Research Report
By Type
Without Screen, With Screen
By Application
Online, Offline
By Companies
Imperial Tobacco, ReynoldsAmerican, Japan Tobacco Inc., Altria Group, VMR Product, Njoy, 21st Century, Vaporcorp, Truvape, Shenzhen First Union Technology Co.,Ltd., Imperial Tobacco, Guangdong Jeray Technology Group Co.,Ltd., Innokin, Smoore, SMOK, Hangsen Group
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global E-cigarettes and Vaping Market Report Segments:
The global E-cigarettes and Vaping market is segmented on the basis of:
Types
Without Screen, With Screen
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, Offline
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:
- Imperial Tobacco
- ReynoldsAmerican
- Japan Tobacco Inc.
- Altria Group
- VMR Product
- Njoy
- 21st Century
- Vaporcorp
- Truvape
- Shenzhen First Union Technology Co.,Ltd.
- Imperial Tobacco
- Guangdong Jeray Technology Group Co.,Ltd.
- Innokin
- Smoore
- SMOK
- Hangsen Group
Highlights of The E-cigarettes 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:
- Without Screen
- With Screen
- By Application:
- Online
- Offline
- 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-cigarettes 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
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- Consumer Insights
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- Product & Brand Management
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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 are devices that heat a liquid, typically nicotine, to create an inhalable vapor. Vaping is the act of using an e-cigarette.
Some of the key players operating in the e-cigarettes and vaping market are Imperial Tobacco, ReynoldsAmerican, Japan Tobacco Inc., Altria Group, VMR Product, Njoy, 21st Century, Vaporcorp, Truvape, Shenzhen First Union Technology Co.,Ltd., Imperial Tobacco, Guangdong Jeray Technology Group Co.,Ltd., Innokin, Smoore, SMOK, Hangsen Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 E-cigarettes and Vaping Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 E-cigarettes and Vaping Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 E-cigarettes and Vaping Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the E-cigarettes and Vaping Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global E-cigarettes and Vaping Market Size & Forecast, 2020-2028
4.5.1 E-cigarettes and Vaping Market Size and Y-o-Y Growth
4.5.2 E-cigarettes and Vaping Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Without Screen
5.2.2 With Screen
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global E-cigarettes and Vaping Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 E-cigarettes and Vaping Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Without Screen
9.6.2 With Screen
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Without Screen
10.6.2 With Screen
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Without Screen
11.6.2 With Screen
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Without Screen
12.6.2 With Screen
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Without Screen
13.6.2 With Screen
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 E-cigarettes and Vaping Market: Competitive Dashboard
14.2 Global E-cigarettes and Vaping Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Imperial Tobacco
14.3.2 ReynoldsAmerican
14.3.3 Japan Tobacco Inc.
14.3.4 Altria Group
14.3.5 VMR Product
14.3.6 Njoy
14.3.7 21st Century
14.3.8 Vaporcorp
14.3.9 Truvape
14.3.10 Shenzhen First Union Technology Co.,Ltd.
14.3.11 Imperial Tobacco
14.3.12 Guangdong Jeray Technology Group Co.,Ltd.
14.3.13 Innokin
14.3.14 Smoore
14.3.15 SMOK
14.3.16 Hangsen Group
