“E-Cigarette Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global E-Cigarette Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in E-Cigarette Market Research Report 2019-2023:
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E-Cigarette market reports provide a comprehensive overview of the worldwide market size and share. E-Cigarette market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of E-Cigarette Market Report:
The global E-cigarettes market was valued at USD 10.104 billion in 2017, and is expected to reach a value of USD 30.095 billion by 2023, at a CAGR of 20.19%, over the forecast period (2018 – 2023). The e-cigarette market has witnessed a significant growth over the past decade, owing to the growing health concerns over the usage of conventional tobacco-based cigarettes. Increasing adoption of e-cigarettes has created a market for disposable, reusable, and customizable e-cigarettes. The market is evolving at a fast pace and is expected to see innovation in vapor delivery and other systems in the years to come.
In addition, with many large enterprises realizing the potential of e-cigarettes, huge investments have been pumped into this industry. Many large tobacco companies have released their own brands or acquired existing companies over the past few years. In the aftermath of increased awareness about the product, heavy investment has resulted in high marketing budgets for companies in this industry. This has augmented increasing adoption of e-cigarettes across the world.
Increasing Health Concerns among the Smoking Population Driving the Market
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. Tobacco contains at least 69 cancer-causing chemicals. This has caused serious concerns among various governments and organizations conducting awareness programs to halt the usage of tobacco. E-cigarettes are considered to be less toxic and safer than a conventional tobacco cigarette, which has made e-cigarette a viable alternative. A research study concluded that the people who smoked only e-cigarettes had similar levels of carcinogens to people using nicotine-replacement therapies, and had much lower toxicity levels than people who only smoked cigarettes. This is expected to be one of the driving factors for people opting e-cigarettes over conventional cigarettes. Disposable e-cigarettes offer the same amount of emanation as two packs of traditional tobacco cigarettes, which make the former very economical. The reduced toxicity levels, combined with cost concerns, are driving the e-cigarette market forward in many regions.
Automatic E-cigarettes are Dominating the Market Landscape
Automatic e-cigarettes are similar in operation to that of conventional tobacco cigarettes. Automatic e-cigarettes are relatively easier to use as they have an in-built switch that gets activated each time the user draws on the e-cigarette. Thus, the users can easily get their nicotine dose without going through the hassle of complicated buttons or mods on the unit. With the automatic e-cigarette battery, one can smoke by simply adjusting the cartomizer on the unit.
Automatic e-cigarettes are activated by inhaling, and thus, simulate the experience of smoking a traditional cigarette. The ease in usage has rendered automatic e-cigarettes to be the most popular type of electronic cigarettes in the market. They also have very low electricity consumption, which allows for a comparatively longer vaping period between charges. These advantages have heavily influenced consumersâ preference for purchasing automatic electronic cigarettes. The growth of these models is further facilitated by the majority of new users adapting to using the automatic battery version instead of the manually operated cigarettes. However, they have certain limitations, such as the vulnerability to liquid leaks and the need for priming the device before usage, which are the primary reasons for the low growth rate of automatic e-cigarettes in the market, as compared to manual cigarettes.
North America Dominating the Market
The e-cigarette market in North America has the majority share. Even though e-cigarettes were invented in China, the United States gave the required boost for the market in its early stages. Since 2006, the US e-cigarette market has grown to become a major market with an unprecedented growth rate. This growth was made possible with the advent of industry giants from the tobacco, pharmaceutical, and other major influential sectors in the country. Established tobacco players are strengthening their market position with various acquisitions and are launching new brands.
The United States owns the largest e-cigarette distribution networks for sale. Currently, more than 3,000 e-cigarette flavors are available in the US market, and nearly 300 new flavors are being introduced into the market every month. This trend is an indicator of the demand for flavored products among end users. On an average, 7 out of 10 people prefer flavored products to others. The level of advertising for e-cigarettes is low in Canada, particularly in television and print media. Majority of the promotional activities take place online and retail outlets or at the point-of-sale. However, with increasing marketing of these products as a healthy alternative to regular smoking, the Canadian market is expected to register tremendous growth over the forecast period.
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Reasons to Purchase this Report:
Valuable Points from E-Cigarette Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental E-Cigarette Market.
- Significant changes in Market dynamics.
- E-Cigarette Market segmentation according to Top Regions.
- Current, Historical, and projected size of the E-Cigarette Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- E-Cigarette Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for E-Cigarette Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
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Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis –A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services –A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In E-Cigarette Market Research Report 2019-2023:
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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