E-cigarette and Vaping Market Size, Share & Trends Analysis Report By Product (Rechargeable, Modular, Disposable), By Distribution Channel (Retail, Online), By Component, And Segment Forecasts, 2018 - 2025

Published: Aug, 2018 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global e-cigarette and vaping market size is projected to reach USD 47.11 billion by 2025, according to a new study by Grand View Research, Inc., expanding at a CAGR of 23.8% during the forecast period. Burgeoning popularity of these products among young generation is expected to drive the market over the forecast period.

Vaping is considered to be an effective method to quit smoking, as it is less toxic and creates vapor instead of smoke. Rising awareness of consuming safe, smokeless, and ash less tobacco is estimated to propel the market. Its adoption is estimated to increase, particularly among individuals willing to quit smoking or willing to smoke merely for recreation. Launch of new and innovative vaping devices is also anticipated to foster the adoption of these devices.

Rising concerns regarding conventional cigarettes among various age groups is boosting the demand for e-cigarettes. Several E-liquid flavors are being launched in the market to cater to changing preferences of individuals, thereby stimulating market growth all over the world. However, e-cigarettes are often compared to conventional cigarettes and hence tend to attract criticism, a factor that is expected to restrain the growth of the market.

Several agencies have been calling for setting standards for vaping devices in order to encourage people to opt for a safer alternative to smoking. Long-term studies undertaken by various medical associations have helped determine that e-cigarettes can be considered as a safer substitute to conventional cigarettes. However, various governments have banned sales and distribution of e-cigarettes, which is likely to limit the growth of the market.

The global arena comprises major tobacco companies that control a large share of the global market. These players are venturing into e-cigarette space with new and innovative products under their brand name. On the other hand, there also exist various smaller players in the industry that develop efficient vapor products. Moreover, market incumbents are also investing in new product development and introducing innovative products.

Further key findings from the study suggest:

• Modular device is expected to be the fastest growing segment, rising at a CAGR of 24.9% over the forecast period. Modular devices allow their users to adjust vapor output according to their preference.

• E-liquid is expected to exhibit the highest CAGR of 26.7%. Growing popularity of DIY e-liquid is anticipated to contribute to the growth of the segment

• Online platforms are emerging as a popular medium for sales of vapor products. Vendors are using social media applications such as Instagram, WhatsApp, and Facebookto promote their vaping devices

• North America accounted for the largest share in the market in terms of revenue and is estimated to reach USD 20.49 billion by 2025. North America is home to prominent players, such as Altria Group, Inc. and Philip Morris International Inc., which command a significant share of the market

• Key industry participants include Altria Group, Inc.; British American Tobacco; Imperial Brands; International Vapor Group; Japan Tobacco International; NicQuid; Philip Morris International Inc.; R.J. Reynolds Vapor Company; Shenzhen IVPS Technology Co., Ltd.; and Shenzhen KangerTech Technology Co.; Ltd.

 Table of Contents

Chapter 1 Methodology and Scope
                  1.1 Research Methodology
                  1.2 Research Scope and Assumptions
                  1.3 List of Data Sources
Chapter 2 Executive Summary
                  2.1 E-cigarette and Vaping Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                  2.2 E-cigarette and Vaping Market, 2014 - 2025
Chapter 3 E-cigarette and Vaping Industry Outlook
                  3.1 Market Segmentation
                  3.2 Market Size and Growth Prospects
                  3.3 E-cigarette and Vaping - Value Chain Analysis
                      3.3.1 Vendor landscape
                  3.4 E-cigarette and Vaping Market Dynamics
                      3.4.1 Market driver analysis
                          3.4.1.1 Technological advances in e-cigarette technology
                          3.4.1.2 Growing awareness regarding safe alternatives to tobacco
                      3.4.2 Market restraint analysis
                          3.4.2.1 Stringent government regulations
                  3.5 E-cigarette and Vaping Market - Company Ranking, 2016
                  3.6 Penetration and Growth Prospect Mapping
                  3.7 E-cigarette and Vaping - Porter's Five Forces Analysis
                  3.8 E-cigarette and Vaping - PESTEL Analysis
Chapter 4 E-cigarette and Vaping Product Outlook
                  4.1 E-cigarette and vaping market share by product, 2016 & 2025
                  4.2 Disposable
                      4.2.1 Disposable e-cigarettes and vaping market, 2014 - 2025
                  4.3 Rechargeable
                      4.3.1 Rechargeable e-cigarettes and vaping market, 2014 - 2025
                  4.4 Modular Devices
                      4.4.1 Modular e-cigarettes and vaping device market, 2014 - 2025
Chapter 5 E-cigarette and Vaping Component Outlook
                  5.1 E-cigarette and vaping market share by component, 2016 & 2025
                  5.2 Atomizer
                      5.2.1 Atomizer in e-cigarettes and vaping market, 2014 - 2025
                  5.3 Method of Delivery (MOD)
                      5.3.1 Method of Delivery (MOD) in e-cigarettes and vaping market, 2014 - 2025
                  5.4 Cartomizer
                      5.4.1 Cartomizer in e-cigarettes and vaping market, 2014 - 2025
                  5.5 E-liquid
                      5.5.1 E-cigarettes and vaping e-liquid market, 2014 - 2025
Chapter 6 E-cigarette and Vaping Distribution Channel Outlook
                  6.1 E-cigarette and vaping market share by distribution channel, 2016 & 2025
                  6.2 Online
                      6.2.1 Online e-cigarette and vaping market, 2014 - 2025
                  6.3 Retail 
                      6.3.1 Retail e-cigarette and vaping market, 2014 - 2025
Chapter 7 E-cigarette and Vaping Regional Outlook
                  7.1 E-cigarette and Vaping Market Share By Region, 2016 & 2025
                  7.2 North America
                      7.2.1 North America e-cigarette and vaping market, 2014 - 2025
                      7.2.2 North America e-cigarette and vaping market, by product, 2014 - 2025
                      7.2.3 North America e-cigarette and vaping market, by component, 2014 - 2025
                      7.2.4 North America e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.2.5 U.S.
                          7.2.5.1 U.S. e-cigarette and vaping market, 2014 - 2025
                          7.2.5.2 U.S. e-cigarette and vaping market, by product, 2014 - 2025
                          7.2.5.3 U.S. e-cigarette and vaping market, by component, 2014 - 2025
                          7.2.5.4 U.S. e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.2.6 Canada
                          7.2.6.1 Canada e-cigarette and vaping market, 2014 - 2025
                          7.2.6.2 Canada e-cigarette and vaping market, by product, 2014 - 2025
                          7.2.6.3 Canada e-cigarette and vaping market, by component, 2014 - 2025
                          7.2.6.4 Canada e-cigarette and vaping market, by distribution channel, 2014 - 2025
                  7.3 Europe
                      7.3.1 Europe e-cigarette and vaping market, 2014 - 2025
                      7.3.2 Europe e-cigarette and vaping market, by product, 2014 - 2025
                      7.3.3 Europe e-cigarette and vaping market, by component, 2014 - 2025
                      7.3.4 Europe e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.3.5 U.K.
                          7.3.5.1 U.K. e-cigarette and vaping market, 2014 - 2025
                          7.3.5.2 U.K. e-cigarette and vaping market, by product, 2014 - 2025
                          7.3.5.3 U.K. e-cigarette and vaping market, by component, 2014 - 2025
                          7.3.5.4 U.K. e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.3.6 Germany
                          7.3.6.1 Germany e-cigarette and vaping market, 2014 - 2025
                          7.3.6.2 Germany e-cigarette and vaping market, by product, 2014 - 2025
                          7.3.6.3 Germany e-cigarette and vaping market, by component, 2014 - 2025
                          7.3.6.4 Germany e-cigarette and vaping market, by distribution channel, 2014 - 2025
                  7.4 Asia Pacific
                      7.4.1 Asia Pacific e-cigarette and vaping market, 2014 - 2025
                      7.4.2 Asia Pacific e-cigarette and vaping market, by product, 2014 - 2025
                      7.4.3 Asia Pacific e-cigarette and vaping market, by component, 2014 - 2025
                      7.4.4 Asia Pacific e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.4.5 China
                          7.4.5.1 China e-cigarette and vaping market, 2014 - 2025
                          7.4.5.2 China e-cigarette and vaping market, by product, 2014 - 2025
                          7.4.5.3 China e-cigarette and vaping market, by component, 2014 - 2025
                          7.4.5.4 China e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.4.6 India
                          7.4.6.1 India e-cigarette and vaping market, 2014 - 2025
                          7.4.6.2 India e-cigarette and vaping market, by product, 2014 - 2025
                          7.4.6.3 India e-cigarette and vaping market, by component, 2014 - 2025
                          7.4.6.4 India e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.4.7 Japan
                          7.4.7.1 Japan e-cigarette and vaping market, 2014 - 2025
                          7.4.7.2 Japan e-cigarette and vaping market, by product, 2014 - 2025
                          7.4.7.3 Japan e-cigarette and vaping market, by component, 2014 - 2025
                          7.4.7.4 Japan e-cigarette and vaping market, by distribution channel, 2014 - 2025
                  7.5 Latin America
                      7.5.1 Latin America e-cigarette and vaping market, 2014 - 2025
                      7.5.2 Latin America e-cigarette and vaping market, by product, 2014 - 2025
                      7.5.3 Latin America e-cigarette and vaping market, by component, 2014 - 2025
                      7.5.4 Latin America e-cigarette and vaping market, by distribution channel, 2014 - 2025
                      7.5.5 Brazil
                          7.5.5.1 Brazil e-cigarette and vaping market, 2014 - 2025
                          7.5.5.2 Brazil e-cigarette and vaping market, by product, 2014 - 2025
                          7.5.5.3 Brazil e-cigarette and vaping market, by component, 2014 - 2025
                          7.5.5.4 Brazil e-cigarette and vaping market, by distribution channel, 2014 - 2025
                  7.6 MEA
                      7.6.1 MEA e-cigarette and vaping market, 2014 - 2025
                      7.6.2 MEA e-cigarette and vaping market, by product, 2014 - 2025
                      7.6.3 MEA e-cigarette and vaping market, by component, 2014 - 2025
                      7.6.4 MEA e-cigarette and vaping market, by distribution channel, 2014 - 2025
Chapter 8 Competitive Landscape
                  8.1 Altria Group, Inc.
                      8.1.1 Company performance
                      8.1.2 Financial performance
                      8.1.3 Product benchmarking
                      8.1.4 Strategic initiatives
                  8.2 British American Tobacco
                      8.2.1 Company overview
                      8.2.2 Financial performance
                      8.2.3 Product benchmarking
                      8.2.4 Strategic initiatives
                  8.3 Imperial Brands
                      8.3.1 Company overview
                      8.3.2 Financial performance
                      8.3.3 Product benchmarking
                      8.3.4 Strategic initiatives
                  8.4 International Vapor Group
                      8.4.1 Company overview
                      8.4.2 Financial performance
                      8.4.3 Product benchmarking
                      8.4.4 Strategic initiatives
                  8.5 Japan Tobacco, International
                      8.5.1 Company overview
                      8.5.2 Financial performance
                      8.5.3 Product benchmarking
                      8.5.4 Strategic initiatives
                  8.6 NicQuid
                      8.6.1 Company overview
                      8.6.2 Financial performance
                      8.6.3 Product benchmarking
                      8.6.4 Strategic initiatives
                  8.7 Philip Morris International Inc.
                      8.7.1 Company overview
                      8.7.2 Financial performance
                      8.7.3 Product benchmarking
                      8.7.4 Strategic initiatives
                  8.8 R.J. Reynolds Vapor Company
                      8.8.1 Company overview
                      8.8.2 Financial performance
                      8.8.3 Product benchmarking
                      8.8.4 Strategic initiatives
                  8.9 Shenzhen IVPS Technology Co., Ltd.
                      8.9.1 Company overview
                      8.9.2 Financial performance
                      8.9.3 Product benchmarking
                      8.9.4 Strategic initiatives
                  8.10 Shenzhen KangerTech Technology Co., Ltd.
                      8.10.1 Company overview
                      8.10.2 Financial performance
                      8.10.3 Product benchmarking
                      8.10.4 Strategic initiatives

List of Tables

TABLE 1 E-cigarette and vaping market - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 E-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 3 E-cigarette and vaping market, by region, 2014 - 2025 (USD Million)
TABLE 4 E-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 5 E-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 6 E-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 7 Vendor landscape
TABLE 8 E-cigarette and vaping - Key market driver impact
TABLE 9 E-cigarette and vaping - Key market restraint impact
TABLE 10 Disposable e-cigarettes and vaping market, 2014 - 2025 (USD Million)
TABLE 11 Disposable e-cigarettes and vaping market, by region, 2014 - 2025 (USD Million)
TABLE 12 Rechargeable e-cigarettes and vaping market, 2014 - 2025 (USD Million)
TABLE 13 Rechargeable e-cigarettes and vaping market, by region, 2014 - 2025 (USD Million)
TABLE 14 Modular e-cigarettes and vaping devices market, 2014 - 2025 (USD Million)
TABLE 15 Modular e-cigarettes and vaping devices market, by region, 2014 - 2025 (USD Million)
TABLE 16 Atomizer e-cigarettes and vaping market, 2014 - 2025 (USD Million)
TABLE 17 Atomizer e-cigarettes and vaping market, by region, 2014 - 2025 (USD Million)
TABLE 18 Method of Delivery (MOD) market, 2014 - 2025 (USD Million)
TABLE 19 Method of Delivery (MOD) market, by region, 2014 - 2025 (USD Million)
TABLE 20 Cartomizer market, 2014 - 2025 (USD Million)
TABLE 21 Cartomizer market, by region, 2014 - 2025 (USD Million)
TABLE 22 E-liquid market, 2014 - 2025 (USD Million)
TABLE 23 E-liquid market, by region, 2014 - 2025 (USD Million)
TABLE 24 Other e-cigarettes and vaping components market, 2014 - 2025 (USD Million)
TABLE 25 Other e-cigarettes and vapingcomponents market, by region, 2014 - 2025 (USD Million)
TABLE 26 Online e-cigarettes and vaping market, 2014 - 2025 (USD Million)
TABLE 27 Online e-cigarettes and vaping market, by region, 2014 - 2025 (USD Million)
TABLE 28 Retail e-cigarettes and vaping market, 2014 - 2025 (USD Million)
TABLE 29 Retail e-cigarettes and vaping market, by region, 2014 - 2025 (USD Million)
TABLE 30 North America e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 31 North America e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 32 North America e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 33 North America e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 34 U.S. e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 35 U.S. e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 36 U.S. e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 37 U.S. e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 38 Canada e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 39 Canada e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 40 Canada e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 41 Canada e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 42 Europe e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 43 Europe e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 44 Europe e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 45 Europe e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 46 U.K. e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 47 U.K. e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 48 U.K. e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 49 U.K. e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 50 Germany e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 51 Germany e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 52 Germany e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 53 Germany e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 54 Asia Pacific e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 55 Asia Pacific e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 56 Asia Pacific e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 57 Asia Pacific e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 58 China e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 59 China e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 60 China e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 61 China e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 62 India e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 63 India e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 64 India e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 65 India e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 66 Japan e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 67 Japan e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 68 Japan e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 69 Japan e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 70 Latin America e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 71 Latin America e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 72 Latin America e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 73 Latin America e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 74 Brazil e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 75 Brazil e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 76 Brazil e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 77 Brazil e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)
TABLE 78 MEA e-cigarette and vaping market, 2014 - 2025 (USD Million)
TABLE 79 MEA e-cigarette and vaping market, by product, 2014 - 2025 (USD Million)
TABLE 80 MEA e-cigarette and vaping market, by component, 2014 - 2025 (USD Million)
TABLE 81 MEA e-cigarette and vaping market, by distribution channel, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 E-cigarette and vaping market, 2014 - 2025 (USD Million)
FIG. 3 E-cigarette and vaping - Value chain analysis
FIG. 4 E-cigarette and vaping market dynamics
FIG. 5 Coil temperature on temperature control vs variable wattage, (in Fahrenheit)
FIG. 6 Adult population perception of harm from e-cigarettes compared to smoking, 2016 (percentage)
FIG. 7 E-cigarette and vaping - Company ranking analysis, 2016
FIG. 8 Key opportunities prioritized
FIG. 9 E-cigarette and vaping market - Porter's five forces analysis
FIG. 10 E-cigarette and vaping market - PESTEL analysis
FIG. 11 E-cigarette and vaping market, by product, 2016 & 2025
FIG. 12 E-cigarette and vaping market, by component, 2016 & 2025
FIG. 13 E-cigarette and vaping market, by distribution channel, 2016 & 2025
FIG. 14 E-cigarette and Vaping market by region, 2016 & 2025
FIG. 15 Regional market place - Key takeaways
FIG. 16 North America e-cigarette and vaping market - Key takeaways
FIG. 17 Europe e-cigarette and vaping market - Key takeaways
FIG. 18 Asia Pacific e-cigarette and vaping market - Key takeaways
FIG. 19 Latin America e-cigarette and vaping market - Key takeaways
FIG. 20 MEA e-cigarette and vaping market - Key takeaways