The
e-cigarette market and it is poised to
grow by USD 29.53 billion during 2020-2024, progressing at a CAGR of about 17%
during the forecast period. The report offers an up-to-date analysis regarding
the current market scenario, latest trends and drivers, and the overall market
environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample
Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Altria Group Inc., British American
Tobacco Plc, Imperial Brands Plc, Japan Tobacco Inc., JUUL Labs Inc., Nicopure
Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS Technology
Co. Ltd., and Turning Point Brands Inc. are some of the major market
participants. The increasing availability of e-cigarette will offer immense
growth opportunities. To make the most of the opportunities, market vendors
should focus more on the growth prospects in the fast-growing segments, while
maintaining their positions in the slow-growing segments.
Increasing availability of e-cigarette has been instrumental in driving
the growth of the market.
E-cigarette Market 2020-2024: Segmentation
E-cigarette Market is segmented as below:
·
Product
o
Modular E-cigarette
o
Next-generation Products
o
Rechargeable E-cigarette
o
Disposable E-cigarette
·
Geographic Landscape
o
North America
o
APAC
o
Europe
o
South America
o
MEA
E-cigarette Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our e-cigarette market report
covers the following areas:
·
E-cigarette Market Size
·
E-cigarette Market Trends
·
E-cigarette Market Industry Analysis
This study identifies increasing application of e-cigarette as a smoking
cessation tool as one of the prime reasons driving the e-cigarette market
growth during the next few years.
E-cigarette Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the E-cigarette
market, including some of the vendors such as Altria Group Inc., British
American Tobacco Plc, Imperial Brands Plc, Japan Tobacco Inc., JUUL Labs Inc.,
Nicopure Labs LLC, NJOY LLC, Philip Morris International Inc., Shenzhen IVPS
Technology Co. Ltd., and Turning Point Brands Inc. Backed with competitive
intelligence and benchmarking, our research reports on the E-cigarette market
are designed to provide entry support, customer profile and M&As as well as
go-to-market strategy support.
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