Industry Background:
E-cigarette is known by various names such as e-cigs, electronic nicotine delivery system, vape pens and vaporizer cigarettes. It is available in different shapes and sizes. According to the Center for Disease Control and Prevention, tobacco is the primary cause of preventable deaths in the United States. It has been reported that more than 16 million of the US population suffer from diseases caused by smoking. Tobacco contains over 7,000 chemicals in tobacco smoke, out of which, at least 250 are known to be harmful, including chemicals like hydrogen cyanide, ammonia, and carbon monoxide
This growth is primarily driven by Growing Health Concerns Over the Usage of Conventional Tobacco-Based Cigarettes and The Growth of Disposable, Reusable, and Customizable E-Cigarettes.
Globally, a noticeable market trend is evident Innovation in Vapor Delivery
. Major Vendors, such as Electronic Cigarette International Group (United States), International Vaporgroup (United States), FirstUnion (New Zealand), Altria Group (United States), British American Tobacco (United Kingdom), Imperial Brands (United Kingdom), Japan Tobacco (Japan), Blu eCigs (United States), Truvape (United States) and Kimree (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
There are 98 countries that have national/federal laws regulating e-cigarettes including laws related to the sale (including minimum age), advertising, promotion, sponsorship, packaging (child safety packaging, health warning labeling and trademark), product regulation (nicotine volume/concentration, safety/hygiene, ingredients/flavors), reporting/notification, taxation, use (vape-free) and classification of e-cigarettes.
Market Drivers
- Growing Health Concerns Over the Usage of Conventional Tobacco-Based Cigarettes
- The Growth of Disposable, Reusable, and Customizable E-Cigarettes
Market Trend
- Innovation in Vapor Delivery
- Rise in Technological Developments by Electronic Cigarette Manufacturers
Restraints
- Growing Health Concerns of the Effects of E-Cigarettes
Opportunities
Governments and Organizations Conducting Awareness Programs to Halt the Usage of Tobacco
Challenges
High cost of E-Cigarette and Lack of Awareness in Underdeveloped Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, E-Cigarette Study Sheds Light on
The E-Cigarette Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the E-Cigarette industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where E-Cigarette industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.