E-Cigarettes and Vaporizer Market Share, Size, Demand Analysis and Business Growth by 2021

Market Overview

Global E-Cigarettes and Vaporizer Market is expected to grow at a CAGR rate of over 25.0% over the period of 2016 to 2021. E-Cigarettes and Vaporizers have emerged as a popular alternative to traditional consumption methods for tobacco and other substances’ consumption. Market Research Future, a firm which specializes in market reports related to Food, Beverages & Nutrition sector among others, recently published a report on this market.

E cigarettes have been growing in popularity and demand in recent times due to extensive word of mouth popularity and promotion through popular culture. Increase in number of cancer cases due to cigarette consumption has prompted migration of demand to this sector. Rise in number of individuals wanting to quit smoking has also considerably increased the demand for this industry.

Major Key Players Review

Companies are in the process of capturing & solidifying their share of the market segment, by competing and experimenting with various advantage points. The entry of new industry players in the segment has initiated a trend of volume-driven growth that has been observed to intensify with the addition of new and advanced products. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Few of the major players in Global E-Cigarettes and Vaporizer Market include Hubbly Bubbly, Dash Vapes, LIQUIDEU, UFF ECIG, Simple Vape Co., Nice Vapor and Pacific Smoke International. Growing awareness about ill-effects of tobacco together with consumers’ rising preference for e-cigarette over conventional cigarettes to quit tobacco has driven the market in North America and Europe over the past few years.

Industry Segments

The market has been segmented on the basis of product type and region. By product type the types are disposable e-cigarette, rechargeable e-cigarette, ego and tanks, personal vaporizers and mods and others. On the basis of region, the market includes regions such as North America, Europe, Asia Pacific and Others.

Disposable e-cigarettes have accounted for the largest market size by product type in 2015 accounting for nearly 30% of the market size closely followed by rechargeable e-cigarette. Personal vaporizers will grow at a CAGR over 23.5% through the forecast period.

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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr), Raw Research Reports (3R)