E-cigarette And T-vapor Market: By Product Type, By Component Type, By Distribution Channel and Region Forecast 2019-2030
E-cigarette And T-vapor Market: By Product Type, By Component Type, By Distribution Channel and Region Forecast 2019-2030
E-cigarette and T-vapor Market size was valued at US$ 18,945.6 million in 2023 and is poised to grow at a significant CAGR of 10.5% from 2024-2030. E-cigarettes are battery-operated electronic cigarettes that are less hazardous than regular cigarettes. In recent decades, the tobacco business has been transformed by an electronic cigarette, which is often regarded as a safe substitute for traditional cigarettes. Traditional smokers can get a wider variety of flavors and superior vaping items. The rise of the stores is propelling the e-cigarette sector in the future.
Electronic smoking devices are sold and advertised on a variety of social media platforms. Manufacturers of vaping devices are promoting and selling the products through specialized in-store hubs in grocery stores, larger retail establishments, and kiosks. Many cigarette businesses are opening their own stores to provide customers with a vaping experience like that seen in nightclubs. Due to the strict rules surrounding the sale and distribution of e-cigarettes, many sellers are choosing online channels as their preferred distribution method over retail stores. Furthermore, over the projected period, manufacturers' focus on customizing options as well as constant development of new products is expected to fuel market expansion. Furthermore, the devices' cost-effectiveness has enhanced client adoption.
Study Period
2024-2030Base Year
2023CAGR
10.5%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The decades-old technology that allows users to vape for a healthier lifestyle or quit smoking completely is based on a heating mechanism that heats the liquid components that produce vapor, rather than using high temperatures and burning tobacco, which produces thousands of chemicals and has a significant negative impact on human health. The ability to combine e-cigarette systems with a solution that involves replicating the complete process that makes vaporizers operate in the first place is certain to yield amazing insight into how one may develop and update the technology to further reduce potential health hazards.
However, stringent government regulations is expected to hamper the market. In August 2019, the US Centers for Disease Control and Prevention (CDC) proclaimed an e-cigarette or vaping product use-associated lung injury (EVALI) outbreak, which resulted in numerous deaths among the young population.
North American e-cigarette and the T-Vapor market has registered the highest revenue share in 2021 and is expected to continue its dominance in the future. The increasing popularity for tobacco-free e-cigarettes and vape mods is expected to attract more revenue over the traditional tobacco products. Many people in the United States see these devices as an alternative to smoking, some people are switching to e-cigarettes and vape mods.
Furthermore, the items are available in both non-nicotine and nicotine forms, many people believe that these devices are a superior alternative.
The Asia Pacific is expected to be the fastest-growing region in the market. China and India are the major contributors to the growth of the market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 18,945.6 million |
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Market CAGR |
10.5% |
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By Product Type |
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By Component Type |
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By Distribution Channel |
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By Region |
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The global e-cigarette and t-vapor market size was valued at US$ 18,945.6 million in 2023 and is poised to grow at a significant CAGR of 10.5%.
Altria Inc., Apollo Future Technology Limited, British American Tobacco Company, Eleaf Electronics Co., Ltd., Flavourtec SP. Z.O.O.
Asia-Pacific is the fastest-growing region for market
| 1.Executive Summary |
| 2.Global E Cigarette And T Vapor Market Introduction |
| 2.1.Global E Cigarette And T Vapor Market - Taxonomy |
| 2.2.Global E Cigarette And T Vapor Market - Definitions |
| 2.2.1.Product type |
| 2.2.2.Component Type |
| 2.2.3.Distribution Channel |
| 2.2.4.Region |
| 3.Global E Cigarette And T Vapor Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global E Cigarette And T Vapor Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global E Cigarette And T Vapor Market By Product type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. E-cigarette |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. T-Vapor |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global E Cigarette And T Vapor Market By Component Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. E-liquids |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Atomizers |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Batteries |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global E Cigarette And T Vapor Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Online Distribution Channel |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Retail Distribution Channel |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Others |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global E Cigarette And T Vapor Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America E Cigarette And T Vapor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.E-cigarette |
| 9.1.2.T-Vapor |
| 9.2. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.E-liquids |
| 9.2.2.Atomizers |
| 9.2.3.Batteries |
| 9.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Online Distribution Channel |
| 9.3.2.Retail Distribution Channel |
| 9.3.3.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe E Cigarette And T Vapor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.E-cigarette |
| 10.1.2.T-Vapor |
| 10.2. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.E-liquids |
| 10.2.2.Atomizers |
| 10.2.3.Batteries |
| 10.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Online Distribution Channel |
| 10.3.2.Retail Distribution Channel |
| 10.3.3.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) E Cigarette And T Vapor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.E-cigarette |
| 11.1.2.T-Vapor |
| 11.2. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.E-liquids |
| 11.2.2.Atomizers |
| 11.2.3.Batteries |
| 11.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Online Distribution Channel |
| 11.3.2.Retail Distribution Channel |
| 11.3.3.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) E Cigarette And T Vapor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.E-cigarette |
| 12.1.2.T-Vapor |
| 12.2. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.E-liquids |
| 12.2.2.Atomizers |
| 12.2.3.Batteries |
| 12.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Online Distribution Channel |
| 12.3.2.Retail Distribution Channel |
| 12.3.3.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America E Cigarette And T Vapor Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.E-cigarette |
| 13.1.2.T-Vapor |
| 13.2. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.E-liquids |
| 13.2.2.Atomizers |
| 13.2.3.Batteries |
| 13.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Online Distribution Channel |
| 13.3.2.Retail Distribution Channel |
| 13.3.3.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Altria, Inc. |
| 14.2.2.Apollo Future Technology Limited |
| 14.2.3.British American Tobacco Company |
| 14.2.4.Eleaf Electronics Co., Ltd. |
| 14.2.5.Flavourtec SP. Z.O.O. |
| 14.2.6.Japan Tobacco Inc. |
| 14.2.7.JUUL Labs |
| 14.2.8.International Vapor Group |
| 14.2.9.Innokin Technology Co.Ltd. |
| 14.2.10.Molecule Labs Inc. |
| 14.2.11.Nicopure Labs LLC |
| 14.2.12.NJOY |
| 14.2.13.Philip Morris International, Inc. |
| 14.2.14.PAX Labs, Inc. |
| 14.2.15.VMR Products, LLC |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
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