E-cigarette Market to Reach USD 29.53 Bn by 2024, Altria Group Inc. and British American Tobacco Plc Emerge as Key Contributor to Growth | Technavio

LONDON--()--Technavio has been monitoring the global e-cigarette market size and it is poised to grow by USD 29.53 billion during 2020-2024, progressing at a CAGR of over 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.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?
    Modular e-cigarette segment is a leading segment in the market based on product.
  • What are the major trends in the market?
    Increasing promotional activities is a key trend in the market.
  • At what rate is the market projected to grow?
    The market is expected to grow at a CAGR of over 17% during the forecast period.
  • Who are the top players in the market?
    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.
  • What are the key market drivers and challenges?
    Product innovations in global e-cigarette market will offer immense growth opportunities. However, the stringent regulations on the sales, advertising, and marketing of e-cigarettes might hamper market growth.
  • How big is the North America market?
    40% of the market growth is expected to come from North American region.

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. Product innovations in global e-cigarette market will offer immense growth opportunities. To make 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

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.

E-cigarette Market 2020-2024: Segmentation

E-cigarette Market is segmented as below:

  • Product
    • Modular E-cigarette
    • Next-generation Products
    • Rechargeable E-cigarette
    • Disposable E-cigarette
  • Geographic Landscape
    • North America
    • Europe
    • APAC
    • 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=IRTNTR40561

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. The e-cigarette market report covers the following areas:

  • E-cigarette Market Size
  • E-cigarette Market Trends
  • E-cigarette Market Industry Analysis

This study identifies the increasing promotional activities by vendors in the global e-cigarette market as one of the prime reasons driving the E-cigarette Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

E-cigarette Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist e-cigarette market growth during the next five years
  • Estimation of the e-cigarette market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the e-cigarette market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of e-cigarette market vendors

Table of Contents:

Executive Summary

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
  • Modular e-cigarette - Market size and forecast 2019-2024
  • Next-generation products - Market size and forecast 2019-2024
  • Rechargeable e-cigarette - Market size and forecast 2019-2024
  • Disposable e-cigarette - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver - Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.
  • Turning Point Brands Inc.

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 focuses 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global E-cigarette Market will grow by USD 29.53 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/