Market Overview:
The global electronic 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 factors such as 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 mechanical e-cigarettes (mods) segment is expected to account for a major share of the global electronic cigarette and vaping market during the forecast period. This segment is projected to grow at a CAGR of XX% from 2018 to 2030. By application, online segment is projected to dominate the global electronic cigarette and vaping market during the forecast period.
Product Definition:
An electronic cigarette (e-cigarette) is a battery-operated device that simulates the experience of smoking tobacco. It works by heating a liquid nicotine solution to create an aerosol (vapor) that the user inhales.
Mechanical E-cigarettes (Mods):
Mechanical e-cigarettes (Mods) are customized vape devices that are made to mimic the feeling of tobacco smoking. They have a replaceable cartridge containing an e-liquid flavor, which can be replaced with different flavors as per user's requirement. The device also has a battery, which can be charged through USB and is available in various colors and sizes as per demand.
Rechargeable:
Rechargeable is a battery that can be charged with the help of external power supply. The rechargeable battery in an electronic cigarette or vaping device has the ability to be fully charged within 2-3 hours whereas conventional ones take around 8-10 hours to get fully charged. This factor is anticipated to drive market growth over the forecast period. Moreover, these batteries are cost effective as compared to disposable ones and hence are expected to gain popularity among vapers over the next seven years.
Application Insights:
The online application segment held the largest share of over 70.0% in 2017. TheOffline application segment is expected to have the highest CAGR of XX% from 2018 to 2030 owing to increase in demand for e-cigarettes and other vaping products among existing smokers, which will lead them to smoke more cigarettes resulting in high market penetration.
Online applications are gaining popularity as they provide easy access and availability of a wide range of flavors that appeal more towards the younger generation, especially millennials who spend most part of their day sitting at home or office connected with internet on their devices including smartphones, laptops.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of vendors and manufacturers. The region is expected to maintain its dominance over the forecast period as well due to high demand for e-cigarettes and vaping products. Factors such as rising awareness about e-cigarette, increasing disposable income, and growing popularity of vape shops are driving growth in this region.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to increasing awareness about electronic cigarettes among smokers, rising disposable income especially among millennials, and expanding retail network mainly due to Malls/Supermarkets (small & big) opening up their stores at street level which will increase accessibility for consumers. Moreover, countries like China have started implementing rules & regulations regarding sales & marketing strategies by various companies which are based out there thus making it difficult for other companies who are tryingto enter into these markets thus driving regional growth significantly.
Growth Factors:
- Increasing awareness about the harmful effects of smoking tobacco cigarettes, and growing demand for smokeless and healthier alternatives, is driving the growth of electronic cigarettes and vaping market.
- The increasing number of young adults adopting e-cigarettes as a smoking cessation tool is another major growth driver for this market.
- Rising disposable income of consumers in developing countries is also aiding the growth of this market.
- Growing popularity of flavored e-cigarettes among consumers is another key factor propelling the growth Electronic Cigarette and Vaping market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Cigarette and Vaping Market Research Report
By Type
Mechanical E-cigarettes (Mods), Rechargeable
By Application
Online, Offline
By Companies
JUUL, Vuse, MarkTen, Blu, Logic, SR Vapes, Comp Lyfe, RNV Designs, Timesvape
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Cigarette and Vaping Market Report Segments:
The global Electronic Cigarette and Vaping market is segmented on the basis of:
Types
Mechanical E-cigarettes (Mods), Rechargeable
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:
- JUUL
- Vuse
- MarkTen
- Blu
- Logic
- SR Vapes
- Comp Lyfe
- RNV Designs
- Timesvape
Highlights of The Electronic 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:
- Mechanical E-cigarettes (Mods)
- Rechargeable
- 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 Electronic 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?
Electronic cigarettes or vaping are devices that use nicotine in order to produce an inhalable vapor. They were originally designed as a way to help smokers quit smoking, but they have since become popular among non-smokers as well.
Some of the key players operating in the electronic cigarette and vaping market are JUUL, Vuse, MarkTen, Blu, Logic, SR Vapes, Comp Lyfe, RNV Designs, Timesvape.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Cigarette 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 Electronic Cigarette and Vaping Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electronic Cigarette 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 Electronic Cigarette 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 Electronic Cigarette and Vaping Market Size & Forecast, 2020-2028 4.5.1 Electronic Cigarette and Vaping Market Size and Y-o-Y Growth 4.5.2 Electronic Cigarette 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 Mechanical E-cigarettes (Mods)
5.2.2 Rechargeable
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 Electronic Cigarette 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 Electronic Cigarette 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 Mechanical E-cigarettes (Mods)
9.6.2 Rechargeable
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 Mechanical E-cigarettes (Mods)
10.6.2 Rechargeable
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 Mechanical E-cigarettes (Mods)
11.6.2 Rechargeable
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 Mechanical E-cigarettes (Mods)
12.6.2 Rechargeable
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 Mechanical E-cigarettes (Mods)
13.6.2 Rechargeable
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 Electronic Cigarette and Vaping Market: Competitive Dashboard
14.2 Global Electronic Cigarette and Vaping Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JUUL
14.3.2 Vuse
14.3.3 MarkTen
14.3.4 Blu
14.3.5 Logic
14.3.6 SR Vapes
14.3.7 Comp Lyfe
14.3.8 RNV Designs
14.3.9 Timesvape