About Electronic Cigarette and Tobacco Vapor
An electronic cigarette is a device that simulates the act of tobacco smoking. An e-cigarette consists of an atomizer, a power source such as a battery, and a container such as a cartridge or tank. Instead of inhaling smoke, the user inhales vapour. As a result, "vaping" has become a widespread term for using an e-cigarette. Compared to an e-cigarette, a vape system is larger, heavier, less convenient, and less inconspicuous. Vape systems are unquestionably superior to e-cigarettes. They feature increased heating power, larger vaporizer units, and more flavour and nicotine intensity adjustment options.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electronic Cigarette and Tobacco Vapor market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
British American Tobacco plc (England), Altria Group Inc. (United States), Philip Morris International Inc. (United States), Japan Tobacco Inc. (Japan), JUUL Labs Inc. (United States), Imperial Brands plc (United Kingdom), NJOY LLC (United States), Vapor Hub International Inc. (United States), Totally Wicked E-Liquid Inc. (United States) and Turning Point Brands Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are MadVapes LLC (United States), FIN Branding Group LLC (United States) and Smoker Friendly International LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Cigarette and Tobacco Vapor market by Type (Disposable, Rechargeable and Modular) and Region.
On the basis of geography, the market of Electronic Cigarette and Tobacco Vapor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Specialist E-cig Shops will boost the Electronic Cigarette and Tobacco Vapor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Demand of Flavored E-Cigarattes
Market Growth Drivers:
Changing Consumer Preferences, Growing Number of Vape Stores, and Availability of these Devices in Many Variety of Flavors & Shapes
Challenges:
Harmful Chemicals that have Health Risks
Restraints:
Lack of Standardization and Government Regulations Regarding use of E-Cigarettes
Opportunities:
Increasing Technological Advancements and New Product Innovations of E-Cigarette Industry
Market Leaders and their expansionary development strategies
In August 2023, Japan Tobacco Inc., has acquisition gives Japan Tobacco a strong foothold in the US e-cigarette market and is expected to help the company compete with Altria Group and Reynolds American Inc.
On September 20, 2023, British American Tobacco (BAT) announced the launch of its new glo mini tobacco heating system. The glo mini is a smaller and more portable version of BAT's glo device, which was first launched in 2017. The glo mini is designed to appeal to adult smokers who are looking for a more convenient and stylish alternative to traditional cigarettes.
Key Target Audience
Electronic Cigarette and Tobacco Vapor Manufacturers, Electronic Cigarette and Tobacco Vapor Distributors and Suppliers, Government associations, Market research and consulting firms, Venture capitalists and investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.