Rechargeable E-Cigarettes to Boost E-Cigarettes Market Growth During the Forecast Period
The
key factors driving the e-cigarette market are the growing popularity among the
younger generation and the increasing demand for non-tobacco products due to
the rising consumer awareness regarding health benefits.
According to TechSci
Research report, “E-Cigarette Market– Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028F” The global e-cigarette market is
expected to thrive during the forecast period owing to rising consumer
awareness regarding health benefits and growing consumer preferences for
flavored e-cigarettes. Consumers' readiness to give up tobacco and their perception
of e-cigarettes as a safer alternative to conventional cigarettes have
contributed to a growth in demand for these gadgets worldwide. As a result, the
makers are releasing new models of e-cigarettes that allow users to refill the
cartridge and have varying nicotine levels.
One of the critical reasons projected to
drive the growth of the e-cigarette market during the forecast period is
consumers' shifting preference toward e-cigarettes to regulate daily nicotine
dosage. Additionally, the businesses are providing a range of flavors to reach
a wider audience of consumers, such as menthol, dessert, etc.
Soon, the market for e-cigarettes is expected
to rise in response to the demand for non-tobacco products. It has been noted
that adults favor this product because it has no detrimental effects on health.
The e-cigarette market is expected to
see a slow expansion due to the rising potential risk generated at each stage
of the e-cigarette product lifecycle, including mining, manufacturing, using,
and disposing of impedes the market growth of e-cigarettes globally.
Corporations have primarily invested in
e-cigarettes since they are anticipated to be a successful alternative to
tobacco use. However, the market is filled with many small firms that provide
effective vaping products and e-liquids, building a sizable consumer base. To
keep their prices low, small businesses typically outsource the production of
e-cigarettes to Asian nations such as China.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "E-Cigarette Market"
The global e-cigarette
market is segmented based on product type, flavor, distribution channel,
region, and competitive landscape.
Based on product type, the
market is segmented into disposable, rechargeable, and modular. Among these,
the rechargeable segment is expected to hold the leading share in the market
during the forecast period. Rechargeable devices are predicted to become more
popular due to their affordability and ability to do away with the requirement
for ongoing supply purchases such as cartridges. Additionally, clients who make
their e-liquid can avoid buying pre-filled cartridges. Particularly seasoned
smokers find that buying recharged e-cigarettes is cost-effective. Rechargeable
e-cigarettes are also gaining popularity among young people in many nations such as US, since they emit less
smoke and can be charged through a USB port.
Based on flavor, the market
is segmented into tobacco and non-tobacco fruit, desserts, and others. Among
these, the tobacco segment holds the leading share of the market. Customers favor
tobacco above others because it has a taste that is similar to that of
traditional cigarettes.
Based on distribution
channels, the market is segmented into specialty stores, tobacconists, online,
and others. Among these, the online segment is the fastest-growing segment in
the market during the forecast period. People are more likely to buy
e-cigarettes and vape products online thanks to the advantages of competitive
cost, convenience, and access to a more excellent selection of goods. The Asia
Pacific region has seen the emergence of numerous internet stores selling
e-cigarettes. Additionally, the region has seen an increase in the demand for
e-cigarette products, which has prompted retailers to offer e-cigarettes for
sale online.
Based on region, the market
is segmented into North America, Europe, Asia-Pacific, Middle East &
Africa, and South America. Among these, North America is expected to hold the
leading share in the market during the forecast period. Major companies
frequently promote their e-cigarette and vaping goods on social media. Vaping
devices among young people as a less harmful alternative to tobacco is
predicted to increase the product's uptake. However, it is anticipated that the
United States' current restriction on various e-cigarette flavors, notably
fruit and mint f, may partially restrain market growth in the region.
Key market players operating
in the e-cigarette market include:
- Njoy Inc.
- Philip Morris International Inc.
- Japan Tobacco Inc.
- Reynolds American Inc.
- International Vapor Group (IVG)
- British American Tobacco p.l.c.
- Juul Labs Inc.
- J Well France
- Nicotek, LLC
- Shenzhen Kanger Technology Co.,Ltd.
Download Free Sample Report
Customers can also
request for 10% free customization on this report.
“The global e-cigarette market is
expanding due to many factors, including smokers' increased desire to stop
smoking and consumers' growing demand for safer tobacco substitutes. However, a
significant factor limiting market growth is the prohibition on e-cigarettes
imposed by many countries due to health-related concerns. Market participants
always concentrate on creating better technologies and providing better
products to increase customer satisfaction. This is another aspect, which is
expected to drive the global e-cigarette industry during the forecast period.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“E-Cigarette Market– Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Disposable, Rechargeable, Modular), By Flavour
(Tobacco Vs. Non-Tobacco (Fruit, Sweet, Desserts, Others)), By Distribution
Channel (Specialty Stores, Tobacconist, Online, and Others), By Region, By
Company, has evaluated
the future growth potential of e-cigarette globally and provides statistics and information on market structure, size, share,
and future growth. The report provides cutting-edge market intelligence and helps
decision-makers to make sound investment decisions. Besides, the report also
identifies the emerging trends along with essential drivers, challenges, and
opportunities present in the market of the e-cigarette globally.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com