Global E-Cigarettes & Vaporizer market poised to grow at a CAGR over 25% between 2016 and 2021 :
Market research future published a cooked research report on Global E-Cigarettes & Vaporizer Market. E-Cigarettes & Vaporizer market volume is expected to grow at a CAGR of more than 25% from 2016 to 2021. North America is accounting for more than 45 % market share and thus is the largest market of E-Cigarettes & Vaporizer in the world. Asia Pacific market is expected to grow at a highest CAGR over the forecast period 2016 – 2021.
Access the market data and information presented through over 70 tables and figures spread 100+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global E-Cigarettes & Vaporizer Market Information- Forecast from 2016 to 2021"
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The market has evolved through three generations and is standing at the point of influx, wherein a plethora of companies are entering, thanks to the low entry barriers such as government policy and capital requirements. The global e-cigarette market is poised to grow nearly USD 25 billion by 2021, at an estimated CAGR over 25% from 2015 to 2025.
Alarming health issues caused due to tobacco is the main driver to promote growth in the market
Growing number of cancer patients due to excessive consumption of tobacco worldwide is one of the major reasons for the consumers to quit tobacco, However, several people find it difficult to get rid of the tobacco addiction and hence prefer e-cigarette over conventional cigarettes. Moreover, several govt initiatives to promote awareness about the health issues caused by tobacco consumption has increased number of people switching from conventional cigarettes to e-cigarettes over the past couple of years.
North America to dominate the world market for E-Cigarettes & Vaporizer, Europe closely follows
Currently, North America is the largest consumer of E-Cigarettes & Vaporizer in the world market. It is closely followed by Europe. Although, China began as the first market for E-Cigarettes & Vaporizer, the U.S. and developed markets from Europe became the prime consumers of E-Cigarettes & Vaporizer, due to which these two regions collectively account for over 80% of the world market.
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This report includes a study of strategies, of major market players in the Global E-Cigarettes & Vaporizer Market including DASH VAPES, HUBBLY BUBBLYLIQUIDEU, NICE VAPOR., PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD, SMOKIO., VAPE ESCAPES, And VAPOR LINE.
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This research report provides detailed insights, into various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the global E-Cigarettes & Vaporizer market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides views over the historic market values as well as, pricing and cost analysis of the same.
Global E-Cigarette & Vaporizer Market: forecast to 2027
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.
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