Semiconductors and Electronics
GLOBAL E-CIGARETTE MARKET was valued at USD 10.4 Billion in the year 2017. The Global E-Cigarette Market is further estimated to grow at a CAGR of 16.87% from 2018 to reach USD 26.5 Billion by the year 2023. The e-cigarette is a device which allows the user to inhale nicotine without burning or producing smoke. E-cigarette works by heating and creating vapor from the solution which may or may not contain nicotine. Over recent years, the e-cigarette has become very popular stop smoking aid around the world.
North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period due strongly growing awareness and benefits associated with the use of the e-cigarette. At a country level, the U.S in North America whereas South Korea and China in Asia-Pacific is projected to grow strongly in the coming years.
British American Tobacco (U.K), Imperial Brands (U.K), Altria Group (U.S), Japan Tobacco (Japan), International Vapor Group (U.S), NJOY Inc. (U.S), Philip Morris International Inc. (U.S), VMR Flavours Llc (U.S) and Reynolds American Inc. (U.S) are some of the key players in the Global E-Cigarette market. Better global reach at an operational level is the main reason the key players are holding substantial market share. The top three company holds around 60% of the global market share with British American Tobacco being a market leader. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
The e-cigarette does not produce tar and carbon monoxide
Can use in public location and do not produce second-hand smoke.
Side effects associated with E-cigarette
The stringent regulatory framework on E-cigarette
Developing distribution in emerging market
Available alternative technology
The segmentation is done on the basis of product type, by Flavor, by Distribution Channel, and by region. On the basis of product types, the global E-Cigarette market is sub-segmented as rechargeable, disposable and modular of which the modular segment is expected to hold the highest CAGR during the forecast period.
The segmentation done on the basis of flavor includes tobacco, botanical, fruit, sweet, beverages, and others of which fruit flavor segment is expected to hold the highest market share among other applications. On the basis of the distribution channel, the market is segmented specialist e-cig shops, online, supermarkets, tobacconist, and others of which specialist e-cig shops as a distribution channel is expected to grow at the highest Market share during the forecasted period.
Key Benefits for Stakeholders
E-Cigarette Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Distribution Channel
Specialist E-Cig Shops
Key Market Players
British American Tobacco
International Vapor Group
Philip Morris International Inc.
VMR Flavours Llc
Reynolds American Inc.
(A brief overview of 13 companies is also provided)
Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
220.127.116.11. Key Data from Secondary Research
2.1.2. Primary Research
18.104.22.168. Key Data from Primary Research
22.214.171.124. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
3. Executive Summary
4. Market Overview
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.2. Porter’s Five Forces Analysis
5.2.1. A threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. E-Cigarette Market, By Product
7. E-Cigarette Market, By Flavor
8. E-Cigarette Market, Distribution Channel
8.1 Specialist E-Cig Shops
9. Geographical Analysis
9.2. North America
9.4. Asia Pacific
9.4.3. South Korea
9.4.5 Ro APAC
9.5.1. Latin America
9.5.2. Middle East and Africa
10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1 British American Tobacco
10.2 Imperial Brands
10.3 Altria Group
10.4 Japan Tobacco
10.5 International Vapor Group
10.6 Njoy Inc.
10.7 Philip Morris International Inc.
10.8 VMR Flavours Llc
10.9 Reynolds American Inc.
10.12 Vapor Hub
(A brief overview of 13 companies is also provided.)
11. Competitive Analysis
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
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