The E-Cigarette (Electronic Cigarette) was first introduced in the year 2003, by Hon Lik in China and was available commercially in the market by 2006. The recognition of e-cigarettes touched instant base with the US and European markets. Since then this industry has been growing at a rapid pace convincing players from Tobacco industry and Pharmaceutical industry to implement several strategies to grow and sustain in the market. While top established tobacco players are securing their market positions with acquisitions and rolling out new brands. The Pharmaceutical monoliths have been acknowledged as opposing the rising trend of e-cigarettes in this fresh or fledgling market.
The Global E-Cigarette & Vaporizer market has been mainly driven by a flurry of activities mainly including Mergers & Acquisitions, Patent Warfare, and increasing customization in products. Additionally, the emergence of Vape shops is engaging more users through their extensive variety of products and improved assistance while shopping the preferred products. However, the state and local government’s proposals to charge heavy taxes on e-cigarettes is emerging as a key challenge for the Global E-Cigarette & Vaporizer market.
Market Analysis and Insights: Global E-Cigarette & Vaporizer Market
The global E-Cigarette & Vaporizer market was valued at US$ 17940 in 2020 and will reach US$ 39730 million by the end of 2027, growing at a CAGR of 14.2% during 2022-2027.
Global E-Cigarette & Vaporizer Scope and Market Size
The global E-Cigarette & Vaporizer market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global E-Cigarette & Vaporizer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
E-Cigarette
Vaporizer
Segment by Application
Male
Female
The E-Cigarette & Vaporizer market is analysed and market size information is provided by regions (countries). Segment by Application, the E-Cigarette & Vaporizer market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Njoy
V2
International Vaporgroup
Vaporcorp
Electronic Cigarette International Group
Truvape
ProVape
Cigr8
KiK
Hangsen
FirstUnion
Shenzhen Jieshibo Technology
Innokin
Kimree
The Global E-Cigarette & Vaporizer market has been mainly driven by a flurry of activities mainly including Mergers & Acquisitions, Patent Warfare, and increasing customization in products. Additionally, the emergence of Vape shops is engaging more users through their extensive variety of products and improved assistance while shopping the preferred products. However, the state and local government’s proposals to charge heavy taxes on e-cigarettes is emerging as a key challenge for the Global E-Cigarette & Vaporizer market.
Market Analysis and Insights: Global E-Cigarette & Vaporizer Market
The global E-Cigarette & Vaporizer market was valued at US$ 17940 in 2020 and will reach US$ 39730 million by the end of 2027, growing at a CAGR of 14.2% during 2022-2027.
Global E-Cigarette & Vaporizer Scope and Market Size
The global E-Cigarette & Vaporizer market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global E-Cigarette & Vaporizer market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
E-Cigarette
Vaporizer
Segment by Application
Male
Female
The E-Cigarette & Vaporizer market is analysed and market size information is provided by regions (countries). Segment by Application, the E-Cigarette & Vaporizer market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Njoy
V2
International Vaporgroup
Vaporcorp
Electronic Cigarette International Group
Truvape
ProVape
Cigr8
KiK
Hangsen
FirstUnion
Shenzhen Jieshibo Technology
Innokin
Kimree
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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