E-Cigarette Market 2020-2024 | Increasing Availability of E-cigarette Across Various Distribution
The e-cigarette market and it is poised to grow by USD 29.53 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and product (modular e-cigarette, next-generation products, rechargeable e-cigarette, and disposable e-cigarette). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Altria Group Inc., British American Tobacco Plc, Imperial Brands Plc, Japan Tobacco Inc., JUUL Labs Inc., Nicopure Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd., and Turning Point Brands Inc.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Nicopure Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd. and Turning Point Brands Inc. are some of the major market participants. Although the increasing availability of e-cigarette across various distribution channels will offer immense growth opportunities, increasing use of e-cigarette among teenagers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Market Competitive AnalysisThe e-cigarette market is fragmented. Market vendors are investing in emerging start-ups and e-cigarette distribution channels to strengthen their position in the market. Nicopure Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd., and Turning Point Brands Inc. are some of the major market participants. Although the increasing availability of e-cigarette across various distribution channels will offer immense growth opportunities, the growing use of e-cigarette among teenagers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this e-cigarette market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this e-cigarette market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Increasing availability of e-cigarette across various distribution channels has been instrumental in driving the growth of the market. However, increasing use of e-cigarette among teenagers might hamper market growth.
E-cigarette Market 2020-2024: Segmentation
E-cigarette Market is segmented as below:
Product
- Modular E-cigarette
- Next-generation Products
- Rechargeable E-cigarette
- Disposable E-cigarette
Geographic segmentation
- North America
- APAC
- Europe
- South America
- MEA
E-cigarette Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the e-cigarette market, including some of the vendors such as Nicopure Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd. and Turning Point Brands Inc. Backed with competitive intelligence and benchmarking, our research reports on the e-cigarette market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.