As per this study the Global E-Cigarette Market was valued USD 26.67 BN (by revenue) in 2021 and is anticipated to reach USD 167.36 BN by 2028 with a CAGR of 30%.
Electronic cigarette or e-cigarette is the battery-powered device used to provide similar sensation as of smoking. It is alternatively termed as e-cigs, vapes, e-hookahs, mods, tank system, etc. It is basically, heats the liquid present inside the e-cigarette and converts into aerosol, which is used for smoking. The liquid is usually made up of nicotine, propylene glycol, flavors and glycerin used for improving smoking experience
Market Dynamics
The market is experiencing fast paced growth owing to e-cigs are relatively less hazardous as compared to traditional cigarettes. Rise in R&D for development of lesser harmful alternative for smoking is likely to propel the market growth in forecasting period. In addition to this, rising adoption of e-cigarette among the young population to quit smoking is again boosting market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of e-cigarette.
Market Segmentation
The broad e-cigarette market has been sub-grouped into product, distribution channel and aftermarket. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Modular E-Cigarette
- Rechargeable E-Cigarette
- Next-Generation E-Cigarette
- Disposable E-Cigarette
By Mode of Operation
- Automatic E-Cigarette
- Manual E-Cigarette
By Distribution Channel
- Specialist E-Cig Shops
- Online
- Supermarkets And Hypermarkets
- Tobacconist
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for e-cigarette in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global E-Cigarette Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the e-cigarette market include Altria Group Inc., British American Tobacco plc, FIN Branding Group LLC., Imperial Brands plc., International Vapor Group, Japan Tobacco Inc., NJOY Inc., Philip Morris International Inc., Vapor Hub International Inc., and VMR Products LLC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. The global E-cigarette market size is expected to be valued USD 26.67 BN in 2021.
b. The worldwide E-cigarette market growth is estimated to grow by around 30% from 2023 to 2028.
b. North America occupies the highest market share in the global E-cigarette market.
b. The global E-cigarette market is segmented by Product (Modular E-cigarette, Rechargeable E-cigarette, Next-Generation E-cigarette, Disposable E-cigarette), by Mode of Operation (Automatic E-cigarette, Manual E-cigarette), by Distribution Channel (Specialist E-Cig Shops, Online, Supermarkets And Hypermarkets, Tobacconist, Others).
b. The leading players in the global E-cigarette market are Altria Group Inc., British American Tobacco plc, FIN Branding Group LLC., Imperial Brands plc., International Vapor Group, Japan Tobacco Inc., NJOY Inc., Philip Morris International Inc., Vapor Hub International Inc., and VMR Products LLC.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . E-CIGARETTE MARKET – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Mode of Operation
3.7.3 Market Attractiveness Analysis By Distribution Channel
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL E-CIGARETTE MARKET MARKET ANALYSIS BY PRODUCT
6.1 Overview by Product
6.2 Historical and Forecast Data
6.3 Analysis by Product
6.4 Modular E-Cigarette Historic and Forecast Sales by Regions
6.5 Rechargeable E-Cigarette Historic and Forecast Sales by Regions
6.6 Next-Generation E-Cigarette Historic and Forecast Sales by Regions
6.7 Disposable E-Cigarette Historic and Forecast Sales by Regions
7 . GLOBAL E-CIGARETTE MARKET MARKET ANALYSIS BY MODE OF OPERATION
7.1 Overview by Mode of Operation
7.2 Historical and Forecast Data
7.3 Analysis by Mode of Operation
7.4 Automatic E-Cigarette Historic and Forecast Sales by Regions
7.5 Manual E-Cigarette Historic and Forecast Sales by Regions
8 . GLOBAL E-CIGARETTE MARKET MARKET SALES ANALYSIS BY DISTRIBUTION CHANNEL
8.1 Overview by Distribution Channel
8.2 Historical and Forecast Data
8.3 Analysis by Distribution Channel
8.4 Specialist E-Cig Shops Historic and Forecast Sales by Regions
8.5 Online Historic and Forecast Sales by Regions
8.6 Supermarkets And Hypermarkets Historic and Forecast Sales by Regions
8.7 Tobacconist Historic and Forecast Sales by Regions
8.8 Others Historic and Forecast Sales by Regions
9 . GLOBAL E-CIGARETTE MARKET MARKET SALES ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook Sales Analysis
9.2. Introduction Sales Analysis
9.3. North America Sales Analysis
9.3.1. Overview, Historic and Forecast Sales Analysis
9.3.2. North America By Segment Sales Analysis
9.3.3. North America By Country Sales Analysis
9.3.4. United State Sales Analysis
9.3.5. Canada Sales Analysis
9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1. Overview, Historic and Forecast Sales Analysis
9.4.2. Europe by Segment Sales Analysis
9.4.3. Europe by Country Sales Analysis
9.4.4. United Kingdom Sales Analysis
9.4.5. France Sales Analysis
9.4.6. Germany Sales Analysis
9.4.7. Italy Sales Analysis
9.4.8. Russia Sales Analysis
9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1. Overview, Historic and Forecast Sales Analysis
9.5.2. Asia Pacific by Segment Sales Analysis
9.5.3. Asia Pacific by Country Sales Analysis
9.5.4. China Sales Analysis
9.5.5. India Sales Analysis
9.5.6. Japan Sales Analysis
9.5.7. South Korea Sales Analysis
9.5.8. Australia Sales Analysis
9.5.9. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1. Overview, Historic and Forecast Sales Analysis
9.6.2. Latin America by Segment Sales Analysis
9.6.3. Latin America by Country Sales Analysis
9.6.4. Brazil Sales Analysis
9.6.5. Argentina Sales Analysis
9.6.6. Peru Sales Analysis
9.6.7. Chile Sales Analysis
9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1. Overview, Historic and Forecast Sales Analysis
9.7.2. Middle East & Africa by Segment Sales Analysis
9.7.3. Middle East & Africa by Country Sales Analysis
9.7.4. Saudi Arabia Sales Analysis
9.7.5. UAE Sales Analysis
9.7.6. Israel Sales Analysis
9.7.7. South Africa Sales Analysis
9.7.8. Rest Of Middle East And Africa Sales Analysis
10 . COMPETITIVE LANDSCAPE OF THE E-CIGARETTE MARKET COMPANIES
10.1. E-Cigarette Market Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF E-CIGARETTE INDUSTRY
11.1. Top 10 Company Share Analysis
11.2. Market Concentration Rate
11.3. Altria Group Inc.
11.3.1. Company Overview
11.3.2. Company Revenue
11.3.3. Products
11.3.4. Recent Developments
11.4. British American Tobacco plc
11.4.1. Company Overview
11.4.2. Company Revenue
11.4.3. Products
11.4.4. Recent Developments
11.5. FIN Branding Group LLC.
11.5.1. Company Overview
11.5.2. Company Revenue
11.5.3. Products
11.5.4. Recent Developments
11.6. Imperial Brands plc.
11.6.1. Company Overview
11.6.2. Company Revenue
11.6.3. Products
11.6.4. Recent Developments
11.7. International Vapor Group
11.7.1. Company Overview
11.7.2. Company Revenue
11.7.3. Products
11.7.4. Recent Developments
11.8. Japan Tobacco Inc.
11.8.1. Company Overview
11.8.2. Company Revenue
11.8.3. Products
11.8.4. Recent Developments
11.9. NJOY Inc.
11.9.1. Company Overview
11.9.2. Company Revenue
11.9.3. Products
11.9.4. Recent Developments
11.10. Philip Morris International Inc.
11.10.1. Company Overview
11.10.2. Company Revenue
11.10.3. Products
11.10.4. Recent Developments
11.11. Vapor Hub International Inc.
11.11.1. Company Overview
11.11.2. Company Revenue
11.11.3. Products
11.11.4. Recent Developments
11.12. VMR Products LLC
11.12.1. Company Overview
11.12.2. Company Revenue
11.12.3. Products
11.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product (USD MN)
- Modular E-Cigarette Market Sales by Geography (USD MN)
- Rechargeable E-Cigarette Market Sales by Geography (USD MN)
- Next-Generation E-Cigarette Market Sales by Geography (USD MN)
- Disposable E-Cigarette Market Sales by Geography (USD MN)
- Analysis Market by Mode of Operation (USD MN)
- Automatic E-Cigarette Market Sales by Geography (USD MN)
- Manual E-Cigarette Market Sales by Geography (USD MN)
- Analysis by Distribution Channel (USD MN)
- Specialist E-Cig Shops Market Sales by Geography (USD MN)
- Online Market Sales by Geography (USD MN)
- Supermarkets And Hypermarkets Market Sales by Geography (USD MN)
- Tobacconist Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global E-Cigarette Market Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of E-Cigarette Market Report
- Market Research Process
- Market Research Methodology
- Global E-Cigarette Market Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product
- Market Attractiveness Analysis by Mode of Operation
- Market Attractiveness Analysis by Distribution Channel
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product (USD MN)
- Modular E-Cigarette Market Sales by Geography (USD MN)
- Rechargeable E-Cigarette Market Sales by Geography (USD MN)
- Next-Generation E-Cigarette Market Sales by Geography (USD MN)
- Disposable E-Cigarette Market Sales by Geography (USD MN)
- Global Market Analysis by Mode of Operation (USD MN)
- Automatic E-Cigarette Market Sales by Geography (USD MN)
- Manual E-Cigarette Market Sales by Geography (USD MN)
- Global Market Analysis by Distribution Channel (USD MN)
- Specialist E-Cig Shops Market Sales by Geography (USD MN)
- Online Market Sales by Geography (USD MN)
- Supermarkets And Hypermarkets Market Sales by Geography (USD MN)
- Tobacconist Market Sales by Geography (USD MN)
- Others Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.