Skip to main content

E-CIGARETTE MARKET – PRODUCT TYPE, DISTRIBUTION CHANNEL, MARKET DEMAND, GROWTH FACTORS AND POPULAR TRENDS WITH MAJOR COMPETITORS FORECAST TO 2023

The global e-cigarette market size is estimated to be around $14 billion in 2017, will grow at a CAGR of 20.3% during 2018–2023 and forecasted to attain a value of $48 billion by 2023.
The growth in the market will be led by factors such as increasing demand for smokeless and ashless vaping and surge in the number of vape shops and designated stores.
The e-cigarette market can be broadly categorized into cig-a-like, vaporizer, vape mod, t-vapor and aftermarket product types. The market for t-vapor is projected to witness the fastest growth, of around 60%, during the forecast period. T-vapor is comparatively a new category that uses real tobacco. T-vapor products are sold in two versions: heat-not-burn and infused. Cig-a-like can further be categorized into disposable and rechargeable types, while vaporizer can be segmented into open tank and closed system types. The aftermarket products include batteries and chargers and cartridges.
The major channels of distribution are vape shops, supermarkets, online, and tobacconists. Among these channels, vape shops are estimated to generate the highest revenue for the e-cigarette market in 2017.
Asia-Pacific is the region offering ample growth opportunities for the vendors. Large population coupled with increasing urbanization has been propelling the demand in the region. China has been the forerunner in the regional e-cigarette industry, with an estimated 40.3% share in 2017. After the U.S. and the U.K., China is estimated to be the third largest e-cigarette market globally in 2017, which is further expected to grow during the forecast period.
The smoke generated by burning tobacco is equally harmful to humans as it is to the environment. E-cigarettes do not emit smoke and instead produce mist, which easily dissolves in the air within seconds, thus eliminating the side-effects of burning tobacco. Besides, they also eliminate the need for dumping cigarette butts and flicking ash in the open. Such factors promote safe smoking and drive the global e-cigarette market.
Make enquiry before buying the report: www.psmarketresearch.com/send-enquiry?enquiry-url=e-cigar…
The e-cigarette market is fragmented, and the top three players are estimated to account for over 60% of the total market share in 2017. British American Tobacco is the market leader, followed by Imperial Brands and NJOY. All the players in this industry do not offer all types of e-cigarettes; for instance, Philip Morris International offers t-vapor products but not cig-a-likes. Similarly, Imperial Brands offers cig-a-likes and vaporizers but not t-vapors.

Comments

Post a Comment

Popular posts from this blog

Big Data Analytics in Healthcare Market - Huge Growth Opportunities, Technology, Revenue and Demand by 2023

The global big data analytics in healthcare market is growing at a CAGR of 21.8% during 2018–2023 and will reach $22.7 billion by 2023. The global big data analytics in healthcare market is also gaining interest due to the introduction of personalized healthcare systems and demand for high quality healthcare services. Through the adoption of big data, healthcare payers and providers are enhancing their capabilities by studying patient behavior towards a particular treatment and the diagnostic patterns, in order to provide them with customized and highly cost-effective services. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/big-data-analytics-in-healthcare-market/report-sample Geographically, North America has been the largest big data analytics in healthcare market; however, the fastest growth during the forecast period is expected from Asia-Pacific. This can be attributed to factors such as advancement in big data te...
Post a Comment
Read more

Asia-pacific (APAC) Commercial Refrigeration Equipment Market Size, Share and Growth Drivers by 2023

The  APAC commercial refrigeration equipment market  is projected to reach $24.4 billion by 2023 and and is forecasted to witness a CAGR of 9.3% during 2018–2023. Growing food and beverage industry, and increasing urbanization are the key factors driving market growth. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/asia-pacific-commercial-refrigeration-equipment-market/report-sample On the basis of end user, the APAC commercial refrigeration equipment market has been categorized into hotels/restaurants & catering, supermarkets, hypermarkets, convenience stores, e-commerce and others, wherein ‘others’ include hospitals; educational institutions; large pharmaceutical stores; and medical and life sciences. In terms of value, China dominated the APAC commercial refrigeration equipment market, during the historical period and is expected to continue holding the largest share, during the forecast period. Th...
Post a Comment
Read more

Distributed Fiber Optic Sensor Market Analysis, Future Trends, Key Players and Growth Drivers by 2023

The global  distributed fiber optic sensor market  is likely to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during the forecast period. Distributed fiber optic sensors overcome the built-in constraints of traditional technologies such as thermocouples and strain gauges. Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/distributed-fiber-optic-sensor-market/report-sample Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future. Based on application, distributed fiber optic sensor market can be classifie...
Post a Comment
Read more