LONDON--(BUSINESS WIRE)--Technavio has been monitoring the heat-not-burn tobacco products market and it is poised to grow by USD 22.22 bn during 2020-2024, progressing at a CAGR of 26% 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. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Heat-Not-Burn Tobacco Products Market Download free sample report
The market is concentrated, and the degree of concentratation will accelerate during the forecast period. Altria Group Inc., Ballantyne Brands LLC, British American Tobacco Plc, Imperial Brands Plc, Japan Tobacco Inc., Korea Tobacco & Ginseng Corp., PAX Labs Inc., Philip Morris International Inc., Shenzhen Yukan Technology Co. Ltd., and Vapor Tobacco Manufacturing LLC are some of the major market participants. The cost-effectiveness of heat-not-burn tobacco products 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.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Cost-effectiveness of heat-not-burn tobacco products has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/heat-not-burn-tobacco-products-market-industry-analysis
Heat-Not-Burn Tobacco Products Market 2020-2024: Segmentation
Heat-Not-Burn Tobacco Products Market is segmented as below:
-
Product
- Devices
- Capsules
- Vaporizers
-
Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40530
Heat-Not-Burn Tobacco Products 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 heat-not-burn tobacco products market report covers the following areas:
- Heat-Not-Burn Tobacco Products Market Size
- Heat-Not-Burn Tobacco Products Market Trends
- Heat-Not-Burn Tobacco Products Market Industry Analysis
This study identifies the growing number of organized retailing outlets will be one of the prime reasons driving the heat-not-burn tobacco products market growth during the next few years.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Heat-Not-Burn Tobacco Products Market 2020-2024 : Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist heat-not-burn tobacco products market growth during the next five years
- Estimation of the heat-not-burn tobacco products market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the heat-not-burn tobacco products market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of heat-not-burn tobacco products market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Devices - Market size and forecast 2019-2024
- Capsules - Market size and forecast 2019-2024
- Vaporizers - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Altria Group Inc.
- Ballantyne Brands LLC
- British American Tobacco Plc
- Imperial Brands Plc
- Japan Tobacco, Inc.
- Korea Tobacco & Ginseng Corp.
- PAX Labs, Inc.
- Philip Morris International Inc.
- Shenzhen Yukan Technology Co. Ltd.
- Vapor Tobacco Manufacturing LLC
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
