Global E-Cigarette & Vaporizer Market to Claim 14.2% Growth Rate by 2021-27

The global E-Cigarette & Vaporizer market was valued at US$ 15610 million in 2020 and is expected to reach US$ 39730 million by the end of 2027, growing at a CAGR of 14.2% during 2021-2027.

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.

The Global E-Cigarette & Vaporizer market has been mainly driven by a flurry of activities mainly including Mergers & Acquisitions, Patent Warfare, and increasing customization in products. Additionally, the emergence of Vape shops is engaging more users through their extensive variety of products and improved assistance while shopping the preferred products. However, the state and local government’s proposals to charge heavy taxes on e-cigarettes is emerging as a key challenge for the Global E-Cigarette & Vaporizer market.

Global E-Cigarette & Vaporizer Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global E-Cigarette & Vaporizer Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Njoy, V2, International Vaporgroup, Vaporcorp, Electronic Cigarette International Group, Truvape, ProVape, Cigr8, KiK, Hangsen, FirstUnion, Shenzhen Jieshibo Technology, Innokin, Kimree and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-e-cigarette-vaporizer-market-research-report

Segment by Type

  • E-Cigarette
  • Vaporizer

Segment by Application

  • Male
  • Female

Table of Content:

1 E-Cigarette & Vaporizer Market Overview

2 E-Cigarette & Vaporizer Market Competition by Manufacturers

3 E-Cigarette & Vaporizer Retrospective Market Scenario by Region

4 Global E-Cigarette & Vaporizer Historic Market Analysis by Type

5 Global E-Cigarette & Vaporizer Historic Market Analysis by Application

6 Key Companies Profiled

7 E-Cigarette & Vaporizer Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 E-Cigarette & Vaporizer Market Dynamics

10 Global E-Cigarette & Vaporizer Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

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