Home > Consumer Goods & Services > Retail > Recreational Products > E-Cigarette Market

E-Cigarette Market Share

Report ID: GMI4115
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

E-Cigarette Market Share

The market, with prominent players, such as Philip Morris International, Altria Group, JUUL Labs, British American Tobacco and Japan Tobacco holds a market share of ~20-25%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

E-Cigarette Market Companies

Major players operating in the e-cigarette industry include:

Altria
British American Tobacco
Imperial Brands
International Vapor
Japan Tobacco
NicQuid
JUUL Labs
Philip Morris
R.J. Reynolds Vapor
SMOK
KangerTech
NJOY
RELX
Joyetech
Vaporesso

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global e-cigarette industry was valued at USD 26 billion in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032, driven by consumer perception and technological advancements.

Vape pens dominated the market in 2023 with a valuation of USD 6.2 billion and are expected to grow at a CAGR of 4.2% from 2024 to 2032 due to their user-friendly design, portability, and cost-effectiveness.

North Americas e-cigarette industry was valued at USD 8.5 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2032, driven by high adoption rates and regulatory developments.

Key players in the industry include Altria, British American Tobacco, Imperial Brands, International Vapor, Japan Tobacco, NicQuid, JUUL Labs, Philip Morris, R.J. Reynolds Vapor, SMOK, KangerTech, NJOY, and RELX.