Key Players are Imperial Brands, British American Tobacco, Phillip Morris International and Altria Group
This report provides an in-depth analysis of the global e-cigarettes and vapor products market by value, by product, by composition, by battery mode, by region, etc.
The report presents a regional analysis of the e-cigarettes and vapor products market, including the following regions: North America, Europe, Asia Pacific and Rest of the World (ROW). The report also provides a detailed analysis of the COVID-19 impact on the e-cigarettes and vapor products market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall e-cigarettes and vapor products market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global e-cigarettes and vapor products market is fragmented with many major market players operating worldwide. The key players of the e-cigarettes and vapor products market - Imperial Brands, British American Tobacco, Phillip Morris International and Altria Group - are also profiled with their financial information and respective business strategies.
Regional Coverage
- North America
- Europe
- Asia Pacific
- Rest of the World
Company Coverage
- Imperial Brands
- British American Tobacco (BAT)
- Philip Morris International (PMI)
- Altria Group
Table of Contents
1. Executive Summary
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Executive Summary
Tobacco smoking products can be classified into three types of products E-cigarettes, vapor products and cigarettes /hookah. Vapor products manufacture aerosol by warming a liquid solution, which consumer breath in as an aerosol, the procedure is known as “vaping.”
Electronic cigarette is an electronic gadget that simulates e-cigarette smoking without burning of tobacco. Electronic cigarette gadgets task based on the presence of a liquid in the product. The product contains of a burning part that evaporates the liquid for making vapors. The act of vaping is done with the help of e-cigarettes and vapor products.
The e-cigarettes and vapor products market can be segmented on the basis of product, named as; open tank, rechargeable, closed tank and disposable. Further, the e-cigarettes and vapor products market can be segmented on the basis of composition, named as nicotine and non-nicotine and on the basis of battery mode, such as manual and automatic.
The global e-cigarettes and vapor products market has increased significantly during the years 2016-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The e-cigarettes and vapor products market is expected to increase due to increase in Gen Z income, increasing influence of social media, growing penetration of e-commerce, shifting consumer perception towards combustible cigarettes, swelling demand for ashless and smokeless vaping alternatives and growing urbanization. Yet, the market faces some challenges such as stringent government regulations, degree of competition and increased concern over side effects of e-cigarettes and vapor products.
Companies Mentioned
- Altria Group, Inc.
- British American Tobacco (BAT)
- Imperial Brands
- Philip Morris International (PMI)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 98 |
| Published | June 2021 |
| Forecast Period | 2021 - 2025 |
| Estimated Market Value ( USD | $ 16.02 Billion |
| Forecasted Market Value ( USD | $ 41.59 Billion |
| Compound Annual Growth Rate | 26.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
