E-cigarette Market Size to Grow by USD 15.57 Mn, Driven by increasing investments by vendors

NEW YORK, November 17, 2022 /PRNewswire/ — The electronic cigarette market is growing at a CAGR of 11.2% and is expected to register a further growth 15.57 billion dollars from 2021 to 2026. The report has analyzed the market growth, growth, and provides accurate forecasts on market growth. Download a Free Sample Report

Key Highlights

• The report identifies these as key players in the e-cigarette market: Lee Industries, Legion Industries Inc., Otter Controls Ltd., and Strix Group Plc among others.

• The structure of the global e-cigarette market is in nature.

• APAC is expected to hold a significant share in the electronic cigarette market.

• A market to witness 6.81% YOY growth by 2022.

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Market dynamics

The e-cigarette market is expected to witness significant growth during the forecast period, primarily due to increasing investments by sellers. Vendors are increasing their investments in the global E-cigarette market. They invest in E-cigarette startups and distribution channels. For example, in December 2018Altria Group invested as much 12.8 billion dollars in JUUL Labs, a new E-cigarette vendor, and Altria Group acquired about 35% of the company’s shares. Retailers are also focusing on successful M&A activities to gain access to new products and technologies. For example, in July 2017, British American Tobacco completed the acquisition of Reynolds American. The acquisition made the company one of the leading vendors in the E-cigarette market. Such developments among vendors will have a positive impact on the market growth during the forecast period.

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Vendor Landscape

Electronic cigarette market split up and highly competitive, with a significant number of competitors offering similar products. Vendors compete on performance, quality, price, customer service, and perfect and on-time delivery. However, local players are eating away at international players’ market share through economic value and by achieving a high level of consumer preference. To maintain the increased competition in the market, the existing players are entering the market development and new product development.

This report provides a complete list of key vendors, their strategies, and latest developments. Buy now to obtain specific vendor information

Main parts

that one electronic cigarette market segmented by product into modular e-cigarettes, next-generation products, disposable e-cigarettes, and disposable e-cigarettes. The modular e-cigarette segment is expected to be the largest segment of the global e-cigarette market during the forecast period. The demand for modular e-cigarettes is currently high due to their wide penetration in various markets and is expected to increase during the forecast period with the introduction of new products. The cost-effectiveness of these e-cigarettes is one of the major factors that will contribute to the growth of the segment during the forecast period.

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Regional Growth Analysis

The global e-cigarette market is analyzed in five regions North America, europeAPAC, South Americaand middle east and Africa. North America is the dominant region and is expected to account for 37% of the global market share during the forecast period. Electronic cigarette market at North America records growth due to the increase in the use of E-cigarettes among consumers. The United States was the largest market for E-cigarettes North America in 2019. Many users buy E-cigarettes to quit smoking. According to the CDC, in 2018, about 55.1% of heavy smokers in the United States tried to quit smoking in the past year. This factor will help the growth of the E-cigarette market North America during forecasting.

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In addition to market data, Technavio offers customization according to the specific needs of companies. The following customization options are available for the e-cigarette market report:

Regional Analysis

Market Player Information

• Detailed analysis and profiling of market players, vendor segmentation, and vendor offerings.

• Know the strategies adopted by the sellers in the recovery phase. See our FREE Sample Report

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Table of Contents:

1 Executive Summary

2 Landscape Market

3 Market growth

4 Five Forces Analysis

5 Market segmentation by Product

6 Customer Landscape

7 Geographical landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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