E-Cigarettes & Vaporizer Market Size is anticipated to reach USD 182.85 Billion by 2030, registering a CAGR of 29.50% during 2022-2030.
E-Cigarettes & Vaporizer Market is projected to present a 29.50% CAGR to reach USD 182.85 Billion by 2030. Globally, the consumption of tobacco has become a critical issue despite several government initiatives to increase awareness about the health issues caused by consuming tobacco. Consumers addicted to tobacco find it difficult to get rid of the addiction and would require an alternative to tobacco. This in turn has turned out to be one of the major drivers for the growth in the E-Cigarettes and vaporizer market.
Segmentation by Product Type
Disposable E-Cigarette, Rechargeable E-Cigarette, EGO and Tanks, Personal Vaporizers and Mods and Others.
Regional Analysis of E-Cigarettes & Vaporizer Market:
Globally, North America, with U.S. being the largest consumer in the world will dominate the market throughout the forecast period; APAC will be growing at the fastest CAGR, accounting for more than 20% of the global e-cigarette market value by 2021. Significant revenue flow will be observed from China and India over the forecast period.
Some of the major players in the Global E-Cigarettes & Vaporizer Market include DASH VAPES, HUBBLY BUBBLY, LIQUIDEU, NICE VAPOR., PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD, SMOKIO., VAPE ESCAPES, And VAPOR LINE.
Objective Study of E-Cigarettes & Vaporizer Market
Rest of the World
|Market Size||USD 182.85 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product Type and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DASH VAPES, HUBBLY BUBBLY, LIQUIDEU, NICE VAPOR., PACIFIC SMOKE INTERNATIONAL, PUFF ECIG, SIMPLE VAPE CO. LONDON LTD, SMOKIO., VAPE ESCAPES, And VAPOR LINE|
|Key Market Opportunities||Increase awareness about the health issues caused by consuming tobacco|
|Key Market Drivers||Growing awareness about the ill effects of tobacco|
E-cigarettes & vaporizer market is expected to flourish at 29.50% CAGR from 2022 to 2030.
Simple Vape Co. London Ltd, Pacific Smoke International, Hubbly Bubbly, Dash Vapes, Liquideu, Vapor Line, Vape Escapes, Nice Vapor, PUFF ECIG, and Smokio are the top players in the global market.
In ‘type’, disposable e-cigarettes can dominate the global e-cigarettes & vaporizer market.
North America can dominate the global e-cigarettes & vaporizer market due to need for smoking cessation.
Awareness of side-effects of smoking and preference of e-cigarettes over conventional ones are major drivers of the global e-cigarettes & vaporizer market.