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E-Cigarette Market Size

Report ID: GMI4115
Published Date: Jan 2020
Report Format: PDF

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E-Cigarette Market Size

E-Cigarette Market size exceeded USD 8 billion in 2019 and is estimated to grow at around 2% CAGR between 2020 and 2026. Increasing government initiatives to implement indoor smoking bans, awareness campaigns about health risks along with prohibitive taxation to curb tobacco use across the globe is likely to drive the industry growth.

The introduction of e-cigarettes has helped smokers to reduce health risks associated with traditional cigarettes owing to the absence of tobacco in these devices. Growing awareness regarding the harmful effects of tobacco smoke inhalation has led to market growth.

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Increasing technological advancements and new product innovations are propelling the e-cigarette industry growth. Moreover, changing consumer preferences, increasing number of vape stores, and availability of these devices in a wide variety of flavors & shapes are further boosting the market demand.

E-Cigarette Market Report Attributes
Report Attribute	Details
Base Year:	2019
E-Cigarette Market Size in 2019:	USD 8 Billion
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	2%
2026 Value Projection:	USD 9 Billion
Historical Data for:	2015 to 2019
No. of Pages:	220
Tables, Charts & Figures:	250
Segments covered:	Product, Composition, Type, and Distribution Channel
Growth Drivers:	Technological advancements and product innovation Growing health awareness of tobacco consumption and adoption of safe alternatives Increasing promotional activities by vendors Rise in demand for flavored e-cigarettes Cost-effectiveness of disposable e-cigarette models
Pitfalls & Challenges:	Implementation of stringent government regulations on consumption and import Risks associated with the use of vaping and reported incidents Negative impact on health owing to high addiction of nicotine Unorganized sector

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The E-Cigarette industry is growing at around 2% CAGR and is anticipated to exceed USD 8 billion revenue by 2026, says this GMI report.

The European market is predicted to observe substantial growth till 2026 propelled by largest smoking population in countries including the UK, Germany, France, Italy, and Spain.

Online shopping offers flexibility and convenience in selecting desired solutions from a wide range of alternatives, boosting the demand for e-cigarettes. Moreover, these e-commerce sites offer varied product pricing, letting users to get offers and discounts on their purchases.

Automatic e-cigarette devices will dominate the market share during the forecast period as it allows smokers to have quick smoke by eliminating buttons, complicated mods or dripping.

Some of the major companies operating in the market are British American Tobacco (BAT), Healthier Choices Management Corp., Imperial Brands PLC, Turning Point Brands Inc., Japan Tobacco Inc, JUUL Labs, Inc, MCIG Inc, Nicotek, LLC, NicQuid, LLC, Njoy Inc, Philip Morris International, Reynolds American Inc, and Shenzhen IVPS Technology Co., Ltd.