Global e-cigarette market 2024-2028

Description

List of Tables

The e-cigarette market is forecasted to grow by USD 35904.7 mn during 2023-2028, accelerating at a CAGR of 18.09% during the forecast period. The report on the e-cigarette market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by safety of e-cigarettes compared with other tobacco products, increasing application of e-cigarettes as smoking cessation tool, and high availability of e-cigarettes across different distribution formats.

Technavio's e-cigarette market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	14.06%
CAGR	18.09%
Incremental Value	$35904.7mn

By Distribution Channel

Offline
Online

By Product

Modular E-cigarette
Next-generation products
Rechargeable E-cigarette
Disposable E-cigarette

By Geography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of hybrid vaping devices as one of the prime reasons driving the e-cigarette market growth during the next few years. Also, adoption of effective marketing and promotion strategies and increasing number of product launches will lead to sizable demand in the market.

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

E-cigarette market sizing
E-cigarette market forecast
E-cigarette market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading e-cigarette market vendors that include Altria Group Inc., British American Tobacco Plc, ePuffer Ltd., GD SIGELEI Electronic Tech Co. Ltd., Geekvape, ICCPP, Imperial Brands Plc, Innokin Technology Ltd., ITC Ltd., Japan Tobacco Inc., JUUL Labs Inc., JWEI Group, OXVA, PhixVapor, Shenzhen IVPS Technology Co. Ltd., Shenzhen KangerTech Technology Co. Ltd., Shenzhen Runfree Technology Co. Ltd., Shenzhen UWELL Technology Co. Ltd., SMOORE International Holdings Ltd., and White Cloud Electronic Cigarettes. Also, the e-cigarette market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR40561

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global E-Cigarette Market 2018 - 2022
- Historic Market Size - Data Table on Global E-Cigarette Market 2018 - 2022 ($ million)
4.2 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

6.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
6.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ million)
- Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Modular E-cigarette - Market size and forecast 2023-2028
- Chart on Modular E-cigarette - Market size and forecast 2023-2028 ($ million)
- Data Table on Modular E-cigarette - Market size and forecast 2023-2028 ($ million)
- Chart on Modular E-cigarette - Year-over-year growth 2023-2028 (%)
- Data Table on Modular E-cigarette - Year-over-year growth 2023-2028 (%)
7.4 Next-generation products - Market size and forecast 2023-2028
- Chart on Next-generation products - Market size and forecast 2023-2028 ($ million)
- Data Table on Next-generation products - Market size and forecast 2023-2028 ($ million)
- Chart on Next-generation products - Year-over-year growth 2023-2028 (%)
- Data Table on Next-generation products - Year-over-year growth 2023-2028 (%)
7.5 Rechargeable E-cigarette - Market size and forecast 2023-2028
- Chart on Rechargeable E-cigarette - Market size and forecast 2023-2028 ($ million)
- Data Table on Rechargeable E-cigarette - Market size and forecast 2023-2028 ($ million)
- Chart on Rechargeable E-cigarette - Year-over-year growth 2023-2028 (%)
- Data Table on Rechargeable E-cigarette - Year-over-year growth 2023-2028 (%)
7.6 Disposable E-cigarette - Market size and forecast 2023-2028
- Chart on Disposable E-cigarette - Market size and forecast 2023-2028 ($ million)
- Data Table on Disposable E-cigarette - Market size and forecast 2023-2028 ($ million)
- Chart on Disposable E-cigarette - Year-over-year growth 2023-2028 (%)
- Data Table on Disposable E-cigarette - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape2023-2028 (%)
- Data Table on Market share By Geographical Landscape2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
- Market opportunity By Geographical Landscape($ million)
- Data Tables on Market opportunity By Geographical Landscape($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Altria Group Inc.
- Altria Group Inc. - Overview
- Altria Group Inc. - Business segments
- Altria Group Inc. - Key offerings
- Altria Group Inc. - Segment focus
12.4 British American Tobacco Plc
- British American Tobacco Plc - Overview
- British American Tobacco Plc - Business segments
- British American Tobacco Plc - Key news
- British American Tobacco Plc - Key offerings
- British American Tobacco Plc - Segment focus
12.5 ePuffer Ltd.
- ePuffer Ltd. - Overview
- ePuffer Ltd. - Product / Service
- ePuffer Ltd. - Key offerings
12.6 Imperial Brands Plc
- Imperial Brands Plc - Overview
- Imperial Brands Plc - Business segments
- Imperial Brands Plc - Key offerings
- Imperial Brands Plc - Segment focus
12.7 Innokin Technology Ltd.
- Innokin Technology Ltd. - Overview
- Innokin Technology Ltd. - Product / Service
- Innokin Technology Ltd. - Key offerings
12.8 ITC Ltd.
- ITC Ltd. - Overview
- ITC Ltd. - Business segments
- ITC Ltd. - Key offerings
- ITC Ltd. - Segment focus
12.9 Japan Tobacco Inc.
- Japan Tobacco Inc. - Overview
- Japan Tobacco Inc. - Business segments
- Japan Tobacco Inc. - Key news
- Japan Tobacco Inc. - Key offerings
- Japan Tobacco Inc. - Segment focus
12.10 JUUL Labs Inc.
- JUUL Labs Inc. - Overview
- JUUL Labs Inc. - Product / Service
- JUUL Labs Inc. - Key offerings
12.11 OXVA
- OXVA - Overview
- OXVA - Product / Service
- OXVA - Key offerings
12.12 PhixVapor
- PhixVapor - Overview
- PhixVapor - Product / Service
- PhixVapor - Key offerings
12.13 Shenzhen IVPS Technology Co. Ltd.
- Shenzhen IVPS Technology Co. Ltd. - Overview
- Shenzhen IVPS Technology Co. Ltd. - Product / Service
- Shenzhen IVPS Technology Co. Ltd. - Key offerings
12.14 Shenzhen KangerTech Technology Co. Ltd.
- Shenzhen KangerTech Technology Co. Ltd. - Overview
- Shenzhen KangerTech Technology Co. Ltd. - Product / Service
- Shenzhen KangerTech Technology Co. Ltd. - Key offerings
12.15 Shenzhen Runfree Technology Co. Ltd.
- Shenzhen Runfree Technology Co. Ltd. - Overview
- Shenzhen Runfree Technology Co. Ltd. - Product / Service
- Shenzhen Runfree Technology Co. Ltd. - Key offerings
12.16 Shenzhen UWELL Technology Co. Ltd.
- Shenzhen UWELL Technology Co. Ltd. - Overview
- Shenzhen UWELL Technology Co. Ltd. - Product / Service
- Shenzhen UWELL Technology Co. Ltd. - Key offerings
12.17 SMOORE International Holdings Ltd.
- SMOORE International Holdings Ltd. - Overview
- SMOORE International Holdings Ltd. - Product / Service
- SMOORE International Holdings Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 market analysis
- market analysis
13.10 List of abbreviations
- List of abbreviations