Continuous development in the technology is also driving the e-cigarette market. Mergers and acquisitions in the industry are expected to continue with the growth of the e-cigarette market.
The growth of Asia Pacific is primarily fuelled by the increasing demand for electronic cigarettes in countries such as China, Malaysia, and South Korea. The e-cigarette market has a potential to expand in regions that are still uncertain regarding the adoption of this technology, such as Asia-Pacific, Latin America, and Africa.
Factors such as availability of different nicotine levels and flavors are also portraying a role in the growth of electronic cigarettes industry. This research report provides an in-depth analysis of the global electronic cigarette market and its affiliated industries.
E-Cigarette Market Dynamics Trends With the growing popularity of vaping devices, flavor and fragrance vendors are Analysis of the electronic cigarettes market a large variety of flavors to attract the manufacturers.
Incompletely disposable models held the largest share in the MEA E-cigarettes market, followed by rechargeable but disposable cartomizers and personal vaporizers owing to existence of a large base of consumers who are health conscious and are in the initial stages of switching from regular cigarettes to electronic cigarettes.
E-cigarettes eliminate the risk of cancer and prevent the intake of more than 4, chemicals, which are produced during the burning of tobacco cigarettes. This has resulted in the development of alternatives that have helped consumers quit traditional cigarettes.
For instance, in the UK, the Spring Budget in has resulted in the increase in the prices of cigarettes. They heat that liquid containing some specific flavor into a vapor, which the user then inhales.
Increasing health concerns among this consumer base and the entry of big enterprises in this particular domain are going to change the market dynamics for the E-cigarettes market in the coming years. Moreover, the rising prices of regular cigarettes and enjoyment of the experience of electronic cigarettes use are augmenting the market.
Factors like Battery voltage and circuitry differences can cause variability in the E-cigarettes ability to heat up the solution and convert it to aerosol.
Competitive Landscape Several players in the global electronic cigarette market are adopting aggressive marketing messages to promote their products as safe and beneficial and to enhance their visibility.
BIS Research estimates that the global electronic cigarette industry will exhibit a growth of over The e-cigarette market is driven by a continuous rise in the development and innovation of vapor technology, as an alternative to traditional cigarettes, to reduce health problems caused by tobacco smoking.
The liquid inside the E-cigarettes contain liquid nicotine, flavoring agents, propylene glycol and some other additives. Also, the increasing costs of standard cigarettes are also adding to the growth of the market. Increasing number of vape shops and designated stores is another driver for the growth of the e-cigarette market.
Between the two t-vapor products, the infused type has a higher demand than the heat-not-burn type. To that end, the price of a pack of 20 cigarettes increased by 35 pence in the country ever since the Spring Budget was implemented.
With such agreements, companies are aiming at evolving their products with changes in technology and consumer behavior. All the players in this industry do not offer all types of e-cigarettes; for instance, Philip Morris International offers t-vapor products but not cig-a-likes.
With such acquisitions, these enterprises aim at combining their offerings, such as supply of raw components, sensor chips, and batteries, and logistics services, to increase efficiency. The market shows no signs of slowing down enteringwith yet another acquisition by tobacco monolith Japan Tobacco JT taking over Logic Technology, one of the leading e-cigarettes market players based out of the U.
However, with the existing product differentiation, a state of uncertainty prevails among the players in the market, as a shift in consumer taste can alter their share in the market.
A commonly cited driver of the market is the less hazardous effect of electronic cigarettes as compared to regular cigarettes along with the rising awareness regarding the ill-effects of smoking. On the other hand, rechargeable products accounted for the second highest revenue share in the same year, followed by the disposable e-cigarette.
E-cigarettes are relatively sparing than general cigarettes as overwhelming taxes collected on cigarettes have fundamentally increased their costs.
The market has evolved through three generations and is standing at the point of influx and the onset of is expected to present a more stable picture of the e-cigarette market globally, with regulatory framework taking final shape across participating countries.
The key driver for the market is the less perilous effect of these products when compared with standard cigarettes; besides the increasing awareness about the ill-effects of smoking traditional tobacco rolled cigarettes.
This, in turn, is driving the e-cigarette market growth globally. The organization has also banned sales of such products to people under The Global Electronic Cigarette Market is expected to garner $26, million byfrom $8, million inregistering a CAGR of % from to An electronic cigarette is a device comprising a battery, an atomizer, and an inhaler, which provides similar experience of tobacco smoking without inhalation of smoke.
The research report “Global Electronic Cigarettes Market Analysis report ” provides market and technology analysis, and strategic forecasts for electronic cigarettes, sizing the market with the aid of product type, end-use sector, and killarney10mile.com report provides historical data from to alongside current market estimates for electronic cigarettes, and five-year forecasts to.
Access our range of E-Cigarettes market research reports featuring comprehensive market analysis, industry insights and consumer trends. The e-cigarette market is driven by a continuous rise in the development and innovation of vapor technology, as an alternative to traditional cigarettes, to reduce health problems caused by tobacco killarney10mile.comsing number of vape shops and designated stores is another driver for the growth of the e-cigarette market.
Jun 16, · The market for e-cigarettes is exploding, with an average of 10 new brands entering the market every month for the last two years, and more than.
Electronic Cigarette & E Vapor (Vaporizer) Market Research Reports An electronic cigarette (e cigarette), or Vaporizer or electronic nicotine delivery system (ENDS) is a battery operated device which simulates the experience of tobacco smoking without the inhalation of smoke.Download