A quick peek into the report
Table of Contents
| 1.1 | REPORT DESCRIPTION |
| 2.1 | EXECUTIVE SUMMARY |
| 3.1 | Introduction |
| 3.1.1 | Mergers & Acquisitions |
| 3.2 | Product Development & Launch |
| 3.3 | Partnerships, Agreements, & Collaborations |
| 3.4 | Business Expansion |
| 3.5 | Patent Lawsuits |
| 3.6 | Others (Events & Recognitions) |
| 4.1 | Introduction |
| 4.2 | Threat Of New Entrants |
| 4.2.1 | Economies Of Scale |
| 4.2.2 | Product Differentiation |
| 4.2.3 | Capital Requirements |
| 4.2.4 | Access To The Distribution Channels |
| 4.2.5 | Government Policy |
| 4.3 | Bargaining Power Of Buyers |
| 4.3.1 | Concentration Of Buyers |
| 4.3.2 | Differentiation Of Outputs |
| 4.3.3 | Buyer’s Information About Supplier’s Product |
| 4.3.4 | Switching Cost |
| 4.3.5 | Presence Of Substitutes |
| 4.3.6 | Importance Of Volume To Buyers |
| 4.3.7 | Threat Of Backward Integration |
| 4.4 | Bargaining Power Of Suppliers |
| 4.4.1 | Product Differentiation |
| 4.4.2 | Supplier Concentration |
| 4.4.3 | Threat Of Forward Integration |
| 4.4.4 | Switching Cost |
| 4.5 | Threat From Substitutes |
| 4.5.1 | Switching Costs |
| 4.5.2 | Buyer’s Propensity Towards Substitute |
| 4.6 | Intensity Of Competitive Rivalry |
| 4.6.1 | Industry Concentration |
| 4.6.2 | Intermittent Over Capacity |
| 4.6.3 | Customer’s Loyalty Towards Brand |
| 4.6.4 | Switching Cost |
| 4.6.5 | Product Differentiation |
| 4.6.6 | Entry Barriers |
| 5.1 | Market Drivers |
| 5.1.1 | Evolution Of E-Cigarettes Towards Becoming Intelligent Vaping Devices (Advancement In Technology) |
| 5.1.2 | Long Term Cost-Effectiveness Appeal |
| 5.1.3 | The Diversity In Distribution Channel And Emergence Of Vape Shops |
| 5.1.4 | The Presence And Hegemony Of Established Tobacco Brands |
| 5.2 | Market Challenges 60 |
| 5.2.1 | Government’s Intend To Tax E-Cigarettes On Similar Paradigms Of Conventional Cigarettes |
| 5.2.2 | Rise In The Number Of Nicotine Poisoning And Second Hand Exposure Incidents Globally |
| 5.2.3 | Pharmaceutical Industries Emerging S Strong Competitors |
| 5.2.4 | Unregulated Manufacturing Process In China |
| 5.2.5 | Compatibility Issues Between Device, Cartridges, And Battery |
| 5.3 | Market Opportunities |
| 5.3.1 | Rise In The Lookout Of Alternatives To Tobacco In Apac Region (Home To The Largest Producer And Consumer Of Tobacco Products) |
| 5.4 | E-Cigarette Industry Evolution & Timeline |
| 5.4.1 | Key Developments In 2015 |
| 5.4.2 | Developments In 2014 |
| 5.4.3 | Developments In 2013 |
| 5.4.4 | Developments In 2012 |
| 5.4.5 | Developments In 2011 |
| 5.4.6 | Developments In 2010 |
| 5.4.7 | Developments In 2009 |
| 5.4.8 | Developments In 2008 |
| 5.4.9 | Developments In 2006-2007 |
| 5.4.10 | Developments In 2003 |
| 6.1 | Introduction |
| 6.2 | Consortiums 73 |
| 6.2.1 | American Public Health Association (APHA) |
| 6.2.2 | Canada Vaping Association(CVA) |
| 6.2.3 | Consumer Advocates For Smoke-Free Alternatives Association (CASAA) |
| 6.2.4 | Irish Vape Vendors Association (IVVA) |
| 6.2.5 | Smoke Free Alternative Trade Association (SFATA) |
| 6.2.6 | Tobacco Control Legal Consortium(TCLC) |
| 6.2.7 | Tobacco Harm Reduction Association Of Canada(THRA) |
| 6.2.8 | Tobacco Vapor Electronic Cigarette Association (TVECA) |
| 6.3 | Regulatory Bodies |
| 6.3.1 | American E-Liquid Manufacturers' Standards Association (AEMSA) |
| 6.3.2 | Eu Tobacco Products Directive (TPD) |
| 6.3.2.1 | Response To Eu Tpd |
| 6.3.3 | Food And Drug Administration (FDA) |
| 6.3.4 | Health Sciences Authority (HSA) |
| 6.3.5 | Medicines & Healthcare Products Regulatory Agency (MHRA) |
| 6.3.6 | Therapeutic Goods Administration (TGA)-Australia |
| 6.3.7 | World Health Organization-Framework Convention On Tobacco Control (WHO-FCTC) |
| 6.4 | E-Cigarettes Compliances And Certifications |
| 6.4.1 | Conformité Européenne (CE) |
| 6.4.1.1 | Restriction Of Hazardous Substances (ROHS) Compliance |
| 6.4.2 | Federal Communications Commission (FCC) |
| 6.4.3 | SGS |
| 6.4.4 | Waste Electrical And Electronic Equipment Directive(WEEE) Compliance |
| 7.1 | Introduction |
| 7.1.1 | Ovearll Market Statistics |
| 7.2 | Disposable E-Cigarette |
| 7.2.1 | Key Players |
| 7.3 | Rechargeable E-Cigarette |
| 7.3.1 | Key Players |
| 7.4 | Ego And Tanks |
| 7.4.1 | Key Players |
| 7.5 | Personal Vaporizers And Mods |
| 7.5.1 | Key Players |
| 7.6 | Others |
| 7.6.1 | Key Players |
| 8.1 | Introduction |
| 8.1.1 | Market Statistics |
| 8.2 | APAC |
| 8.2.1 | Market Statistics |
| 8.2.2 | China |
| 8.2.2.1 | Key Players |
| 8.2.3 | Japan |
| 8.2.3.1 | Key Players |
| 8.2.4 | South Korea |
| 8.2.4.1 | Key Players |
| 8.2.5 | Australia |
| 8.2.5.1 | Key Players |
| 8.2.6 | India |
| 8.2.6.1 | Key Players |
| 8.3 | Europe |
| 8.3.1 | Market Statistics |
| 8.3.2 | U.K. |
| 8.3.2.1 | Legal And Regulatory Framework |
| 8.3.2.2 | Research Initiatives |
| 8.3.2.3 | Key Players |
| 8.3.3 | Germany |
| 8.3.3.1 | Legal And Regulatory Framework |
| 8.3.3.2 | Research Initiatives |
| 8.3.3.3 | Key Players |
| 8.3.4 | Russia |
| 8.3.4.1 | Legal And Regulatory Framework |
| 8.3.4.2 | Research Initiatives |
| 8.3.4.3 | Key Players |
| 8.3.5 | France |
| 8.3.5.1 | Legal And Regulatory Framework |
| 8.3.5.2 | Research Initiatives |
| 8.3.6 | Others |
| 8.3.6.1 | Spain |
| 8.3.6.2 | Italy |
| 8.3.6.3 | Poland |
| 8.3.6.4 | Czech Republic |
| 8.3.6.5 | Sweden |
| 8.3.6.6 | The Netherlands |
| 8.3.6.7 | Norway |
| 8.3.6.8 | Austria |
| 8.3.6.9 | Other European Countries |
| 8.4 | North America |
| 8.4.1 | Market Statistics |
| 8.4.2 | U.S. |
| 8.4.2.1 | Scientific Studies |
| 8.4.2.1.1 | Research Study By The Johns Hopkins Bloomberg School Of Public Health (2015) |
| 8.4.2.1.2 | Research Study By Professor Igor Burstyn, Drexel University School Of Public Health (2013): |
| 8.4.2.2 | Studies On Consumer Behavior |
| 8.4.2.2.1 | The National Youth Tobacco Survey (2011-2014) |
| 8.4.2.2.2 | Survey Results By E-Cigarette Forum |
| 8.4.2.3 | Key Players |
| 8.4.3 | Canada |
| 8.4.3.1 | Key Players |
| 8.5 | Rest Of The World (ROW) |
| 8.5.1 | South America |
| 8.5.2 | Middle East |
| 8.5.3 | South Africa |
| 9.1 | Introduction |
| 9.2 | E-Cigarette Startups |
| 9.2.1 | Dash Vapes |
| 9.2.1.1 | Company Overview |
| 9.2.2 | Hubbly Bubbly |
| 9.2.2.1 | Company Overview |
| 9.2.3 | Liquideu |
| 9.2.3.1 | Company Overview |
| 9.2.4 | Nice Vapor |
| 9.2.4.1 | Company Overview |
| 9.2.4.2 | Key Developments |
| 9.2.5 | Pacific Smoke International |
| 9.2.5.1 | Company Overview |
| 9.2.6 | Puff Ecig |
| 9.2.6.1 | Company Overview |
| 9.2.7 | Simple Vape Co. London Ltd |
| 9.2.7.1 | Company Overview |
| 9.2.8 | Smokio |
| 9.2.8.1 | Company Overview |
| 9.2.8.2 | Key Developments |
| 9.2.9 | Smoko |
| 9.2.9.1 | Company Overview |
| 9.2.10 | Vape Escapes |
| 9.2.10.1 | Company Overview |
| 9.2.10.2 | Key Developments |
| 9.2.11 | Vape Moshi |
| 9.2.11.1 | Company Overview |
| 9.2.11.2 | Key Developments |
| 9.2.12 | Vapor Line |
| 9.2.12.1 | Company Overview |
| 9.3 | Key Chinese Players |
| 9.3.1 | Dongguan Boluvaper Technology Co. Ltd |
| 9.3.1.1 | Company Overview |
| 9.3.1.2 | Product Portfolio |
| 9.3.1.3 | Financial Summary (Export Data By Geography) |
| 9.3.2 | Feellife Bioscience International Co. Ltd. |
| 9.3.2.1 | Company Overview |
| 9.3.2.2 | Product Portfolio |
| 9.3.3 | First Union |
| 9.3.3.1 | Company Overview |
| 9.3.3.2 | Product Portfolio |
| 9.3.3.3 | Financial Summary (Export Data By Geography) |
| 9.3.3.4 | Key Developments |
| 9.3.4 | Kanger Tech |
| 9.3.4.1 | Company Overview |
| 9.3.4.2 | Product Portfolio |
| 9.3.4.3 | Financial Summary (Export Data By Geography) |
| 9.3.5 | Kimree |
| 9.3.5.1 | Company Overview |
| 9.3.5.2 | Product Portfolio |
| 9.3.5.3 | Financial Summary (Export Data By Geography) |
| 9.3.5.4 | Key Developments |
| 9.3.6 | Shenzhen Bauway Technology Limited |
| 9.3.6.1 | Company Overview |
| 9.3.6.2 | Product Portfolio |
| 9.3.6.3 | Financial Summary (Export Data By Geography) |
| 9.3.7 | Shenzhen Cigstar Technology Co. Ltd |
| 9.3.7.1 | Company Overview |
| 9.3.7.2 | Product Portfolio |
| 9.3.7.3 | Financial Summary (Export Data By Geography) |
| 9.3.8 | Shenzhen J.W. Industry Co. Ltd |
| 9.3.8.1 | Company Overview |
| 9.3.8.2 | Product Portfolio |
| 9.3.9 | Shenzhen Smoore Technology Limited |
| 9.3.9.1 | Company Overview |
| 9.3.9.2 | Product Portfolio |
| 9.3.9.3 | Key Developments |
| 9.3.10 | Sweetcigs Technology Co. Ltd |
| 9.3.10.1 | Company Overview |
| 9.3.10.2 | Product Portfolio |
| 9.3.10.3 | Financial Summary (Export Data By Geography) |
| 9.3.11 | Shenzhen Kaiwei Electronic Co., Ltd. |
| 9.3.11.1 | Company Overview |
| 9.3.11.2 | Product Portfolio |
| 9.3.11.3 | Financial Summary (Export Data By Geography) |
| 9.3.12 | Timiya Technology Co., Ltd |
| 9.3.12.1 | Company Overview |
| 9.3.12.2 | Product Portfolio |
| 9.3.12.3 | Financial Summary (Export Data By Geography) |
| 9.4 | Key Indian Players |
| 9.4.1 | Electronic Smoke |
| 9.4.1.1 | Company Overview |
| 9.4.2 | Litejoy International Private Limited |
| 9.4.2.1 | Company Overview |
| 9.4.3 | Smokefree |
| 9.4.3.1 | Company Overview |
| 9.4.3.2 | Key Developments |
| 9.4.4 | Steamlite |
| 9.4.4.1 | Company Overview |
| 9.5 | Global Key Players |
| 9.5.1 | Altria Group, Inc. |
| 9.5.1.1 | Altria Group, Inc. Summary |
| 9.5.1.2 | Product Portfolio |
| 9.5.1.3 | Mark Ten |
| 9.5.1.4 | Green Smoke LLC |
| 9.5.1.5 | Financials |
| 9.5.1.5.1 | Overall Financials |
| 9.5.1.5.2 | Net Revenue By Business Segments |
| 9.5.1.6 | Key Developments |
| 9.5.2 | Ballantyne Brands, LLC |
| 9.5.2.1 | Ballantyne Brands, LLC Summary |
| 9.5.2.2 | Product Portfolio |
| 9.5.2.2.1 | Mistic Electronic Cigarettes |
| 9.5.2.2.2 | Neo Electronic Cigarettes |
| 9.5.2.3 | Key Developments |
| 9.5.3 | British American Tobacco Plc (BAT) |
| 9.5.3.1 | British american tobacco plc. (BAT) Summary |
| 9.5.3.2 | Subsidiaries And Brands |
| 9.5.3.2.1 | Nicoventures Ltd. |
| 9.5.3.2.2 | Vype Electronic Cigarettes |
| 9.5.3.2.3 | Voke Nicotine Inhaler |
| 9.5.3.3 | Financials |
| 9.5.3.3.1 | Overall Financials |
| 9.5.3.4 | Key Developments |
| 9.5.3.4.1 | British American Tobacco Plc(BAT) |
| 9.5.4 | Bull Smoke |
| 9.5.4.1 | Bull Smoke Summary |
| 9.5.4.2 | Product Portfolio |
| 9.5.5 | Cb Distributors, Inc. |
| 9.5.5.1 | Cb Distributors, Inc. Summary |
| 9.5.5.2 | Product Portfolio |
| 9.5.5.2.1 | 21st Century Smoke |
| 9.5.5.3 | key developments |
| 9.5.6 | Cigavette |
| 9.5.6.1 | Cigavette Summary |
| 9.5.6.2 | Product Portfolio |
| 9.5.7 | Clearette Electronic Cigarette Co. |
| 9.5.7.1 | Clearette Electronic Cigarette Co. Summary |
| 9.5.7.2 | Product Portfolio |
| 9.5.7.3 | Key Developments |
| 9.5.8 | Cloudcig |
| 9.5.8.1 | Cloudcig Summary |
| 9.5.8.2 | Product Portfolio |
| 9.5.8.3 | Key Developments |
| 9.5.9 | Electronic Cigarettes International Group |
| 9.5.9.1 | Electronic Cigarettes International Group (ECIG) Summary |
| 9.5.9.2 | Product Portfolio |
| 9.5.9.2.1 | Vapestick |
| 9.5.9.2.2 | Ten Motives |
| 9.5.9.2.3 | Fin Branding Group LLC |
| 9.5.9.2.4 | VIP |
| 9.5.9.3 | Financials |
| 9.5.9.4 | Key Developments |
| 9.5.10 | Fin Branding Group LLC. |
| 9.5.10.1 | Fin Branding Group LLC. Summary |
| 9.5.10.2 | Product Portfolio |
| 9.5.10.3 | Key Developments |
| 9.5.11 | Fontem Ventures |
| 9.5.11.1 | Fontem Ventures Summary |
| 9.5.11.2 | Product Portfolio |
| 9.5.11.2.1 | Puritane |
| 9.5.11.3 | Key Developments |
| 9.5.12 | Gamucci Electronic Cigarettes |
| 9.5.12.1 | Gamucci Electronic Cigarettes Summary |
| 9.5.12.2 | Product Portfolio |
| 9.5.12.3 | Key Developments |
| 9.5.13 | Imperial Tobacco Group Plc |
| 9.5.13.1 | Imperial Tobacco Group Plc Summary |
| 9.5.13.2 | Product Portfolio |
| 9.5.13.3 | Financials |
| 9.5.13.3.1 | Overall Financials |
| 9.5.13.3.2 | Financials By Geography |
| 9.5.13.4 | Key Developments 269 |
| 9.5.14 | International vapor group, inc. (ivg) |
| 9.5.14.1 | International Vapor Group, Inc. (IVG) Summary |
| 9.5.14.2 | Product Portfolio |
| 9.5.14.2.1 | South Beach Smoke |
| 9.5.14.2.2 | Ever Smoke |
| 9.5.14.2.3 | Nutricigs |
| 9.5.14.2.4 | Vapor Zone |
| 9.5.14.3 | Key Developments |
| 9.5.15 | Japan Tobacco, Inc. (JT) |
| 9.5.15.1 | Company Summary |
| 9.5.15.2 | Product Portfolio |
| 9.5.15.2.1 | E-Lites |
| 9.5.15.3 | Financials |
| 9.5.15.3.1 | Overall financials |
| 9.5.15.3.2 | Net Revenue By Business Segments |
| 9.5.15.4 | Key Developments |
| 9.5.16 | Lekker |
| 9.5.16.1 | Lekker Summary |
| 9.5.16.2 | Key Developments |
| 9.5.17 | Logic Technology Summary |
| 9.5.17.1 | Logic Technology |
| 9.5.17.2 | Product Portfolio |
| 9.5.17.3 | Key Developments |
| 9.5.18 | Lorillard, Inc. |
| 9.5.18.1 | Lorillard, Inc.Summary |
| 9.5.18.2 | Product Portfolio |
| 9.5.18.2.1 | Blu Ecigs |
| 9.5.18.2.2 | Skycig |
| 9.5.18.3 | Financials |
| 9.5.18.4 | Key Developments |
| 9.5.19 | Njoy, Inc. |
| 9.5.19.1 | Njoy, Inc.Summary |
| 9.5.19.2 | Product Portfolio |
| 9.5.19.3 | Key Developments |
| 9.5.20 | Philip Morris International Inc. (PMI) |
| 9.5.20.1 | Philip Morris International Inc. (PMI) Summary |
| 9.5.20.2 | Product Portfolio |
| 9.5.20.2.1 | Marlboro Iqos E-Cigarette |
| 9.5.20.2.2 | Nicocigs |
| 9.5.20.3 | Financials |
| 9.5.20.3.1 | Overall Financials |
| 9.5.20.3.2 | Financials By Geography |
| 9.5.20.4 | Key Developments |
| 9.5.21 | Provape |
| 9.5.21.1 | Provape Summary |
| 9.5.21.2 | Product Portfolio |
| 9.5.21.3 | Key Developments |
| 9.5.22 | Reynolds american inc. (RAI) |
| 9.5.22.1 | Reynolds American Inc. (RAI)Summary |
| 9.5.22.2 | Product Portfolio |
| 9.5.22.2.1 | Vuse Electronic Cigarettes |
| 9.5.22.3 | Financials |
| 9.5.22.4 | Key Developments |
| 9.5.23 | Vapor Corp. |
| 9.5.23.1 | Vapor Corp. Summary |
| 9.5.23.2 | Product Portfolio |
| 9.5.23.3 | Financials |
| 9.5.23.3.1 | Overall Financials |
| 9.5.23.4 | Key Developments |
| 9.5.24 | Vmr Products LLC |
| 9.5.24.1 | Vmr Products LLC Summary |
| 9.5.24.2 | Product Portfolio |
| 9.5.24.2.1 | V2 Cigs |
| 9.5.24.2.2 | Vapor Couture |
| 9.5.24.3 | Key Developments |
| TABLE 1 | GLOBAL E-CIGARETTE MARKET VALUE BY PRODUCT TYPE ($MILLIONS), 2015-2025 |
| TABLE 2 | TOP RATED DISPOSABLE E-CIGARETTE BRANDS WITH PRICE (2015) |
| TABLE 3 | TOP RATED RECHARGEABLE E-CIGARETTE BRAND WITH PRICE (2015) |
| TABLE 4 | TOP RATED EGO AND TANKS BRAND WITH PRICE (2015) |
| TABLE 5 | TOP RATED PERSONAL VAPORIZER AND MODS BRAND WITH PRICE (2015) |
| TABLE 6 | GLOBAL E-CIGARETTE MARKET VALUE ($ MILLIONS), BY GEOGRAPHY, 2015-2025 |
| TABLE 7 | APAC E-CIGARETTE MARKET VALUE($ MILLION) BY COUNTRIES, 2015-2025 |
| TABLE 8 | APAC E-CIGARETTE MARKET VALUE ($ MILLION) BY PRODUCT TYPE, 2015-2025 |
| TABLE 9 | EUROPE E-CIGARETTE MARKET VALUE ($ MILLION) BY COUNTRIES, 2015-2025 |
| TABLE 10 | EUROPE E-CIGARETTE MARKET VALUE ($ MILLION) BY PRODUCT TYPES, 2015-2025 |
| TABLE 11 | EUROPEAN COUNTRIES AND E-CIGARETTE REGULATION |
| TABLE 12 | NORTH AMERICA E-CIGARETTE MARKET VALUE ($ MILLIONS), BY COUNTRIES, 2015-2025 |
| TABLE 13 | NORTH AMERICA E-CIGARETTE MARKET VALUE ($ MILLIONS), BY PRODUCT TYPES, 2015-2025 |
| TABLE 14 | STATE WISE REGULATIONS ON USE/SALES OF E-CIGARETTES IN THE U.S. |
| TABLE 15 | F.O.B. PRICE OF PRODUCTS |
| TABLE 16 | SHARE OF EXPORT REVENUE |
| TABLE 17 | SHARE OF EXPORT REVENUE |
| TABLE 18 | SHARE OF EXPORT REVENUE |
| TABLE 19 | F.O.B. PRICES OF PRODUCTS |
| TABLE 20 | SHARE OF EXPORT REVENUE |
| TABLE 21 | F.O.B. PRICES OF PRODUCTS |
| TABLE 22 | SHARE OF EXPORT REVENUE |
| TABLE 23 | F.O.B. PRICE OF PRODUCTS |
| TABLE 24 | SHARE OF EXPORT REVENUE |
| TABLE 25 | F.O.B. PRICE OF PRODUCTS |
| TABLE 26 | SHARE OF EXPORT REVENUE |
| TABLE 27 | F.O.B. PRICE OF PRODUCTS |
| TABLE 28 | F.O.B. PRICE OF PRODUCTS |
| TABLE 29 | SHARE OF EXPORT REVENUE |
| TABLE 30 | F.O.B. PRICE OF PRODUCTS |
| TABLE 31 | SHARE OF EXPORT REVENUE |
| TABLE 32 | SHARE OF EXPORT REVENUE |
| FIGURE 1 | THE GLOBAL E-CIGARETTE MARKET VALUE ($MILLION), BY GEOGRAPHY, 2015-2025 |
| FIGURE 2 | GROWTH OF THE E-CIGARETTE PRODUCT TYPES, 2015-2025 |
| FIGURE 3 | KEY MERGERS AND ACQUISITIONS (2014) |
| FIGURE 4 | KEY PRODUCT LAUNCH & PRODUCT DEVELOPMENTS |
| FIGURE 5 | KEY PARTNERSHIPS, AGREEMENTS, & COLLABORATIONS |
| FIGURE 6 | KEY BUSINESS EXPANSION ACTIVITIES |
| FIGURE 7 | PORTER’S FIVE FORCE ANALYSIS FOR THE E-CIGARETTE INDUSTRY |
| FIGURE 8 | FEATURES OF ‘SMART E-CIGARETTE DEVICE” PATENT FILED, BY PHILIP MORRIS INTERNATIONAL (OCTOBER 2014) |
| FIGURE 9 | PRICE COMPARISONS BETWEEN E-CIGARETTE TYPES & CONVENTIONAL CIGARETTES |
| FIGURE 10 | THE CONSUMER’S BUYING ATTRIBUTES AT VAPE SHOPS |
| FIGURE 11 | RESEARCH FINDINGS BY THE DEPARTMENT OF HEALTH BEHAVIOR AT ROSWELL PARK CANCER INSTITUTE (2014) |
| FIGURE 12 | TIMELINE FOR THE E-CIGARETTE INDUSTRY |
| FIGURE 13 | IRISH VAPE VENDORS ASSOCIATION: GOALS |
| FIGURE 14 | KEY OPERATING PRINCIPLES OF SFATA |
| FIGURE 15 | SUGGESTED POLICIES FOR E-CIGARETTE REGULATIONS BY TCLC |
| FIGURE 16 | E-CIGARETTE COMPLIANCE REGULATIONS BY TVECA |
| FIGURE 17 | GUIDELINES FOR REGULATING THE MANUFACTURING OF E-LIQUID BY AEMSA |
| FIGURE 18 | EU TPD PROPOSED GUIDELINES FOR EUROPEAN E-CIGARETTE MARKET |
| FIGURE 19 | GUIDELINES SUPERVISING SUPPLY & IMPORT OF E-CIGARETTES IN AUSTRALIA, BY TGA |
| FIGURE 20 | HEALTH RISKS OF ELECTRONIC NICOTINE DELIVERY SYSTEMS (ENDS) TO USERS AND NON USERS |
| FIGURE 21 | EFFICACY OF ELECTRONIC NICOTINE DELIVERY SYSTEMS (ENDS) AS A SMOKING CESSATION TOOL |
| FIGURE 22 | KEY ‘DISPOSABLE E-CIGARETTE PRODUCT LAUNCHES (2014) |
| FIGURE 23 | THE EGO PRODUCT LINE |
| FIGURE 24 | E-CIGARETTE MARKET SEGMENTATION, BY GEOGRAPHY |
| FIGURE 25 | REGULATIONS UNDER THE NATIONAL TOBACCO CONTROL LAW (CHINA) |
| FIGURE 26 | COMMERCIAL RETAIL SALE AND PERSONAL POSSESSION/USE OF NICOTINE ELECTRONIC CIGARETTES |
| FIGURE 27 | COMMERCIAL IMPORTATION AND RETAIL SALE OF NON-NICOTINE ELECTRONIC CIGARETTES |
| FIGURE 28 | THE RISE IN THE USAGE OF ELECTRONIC CIGARETTES 2010-2014 |
| FIGURE 29 | USE OF ELECTRONIC CIGARETTES FOR DIFFERENT AGE GROUPS IN GERMANY |
| FIGURE 30 | GUIDELINES FOR NON-SMOKER AND CONSUMER PROTECTION |
| FIGURE 31 | REASONS FOR USING ELECTRONIC CIGARETTES |
| FIGURE 32 | 2014 INPES HEALTH BAROMETER SURVEY |
| FIGURE 33 | SILVANO GALLUS AND COLLEAGUES SURVEY SUMMARY |
| FIGURE 34 | EXAMPLES OF THE KEY DEVELOPMENTS IN THE U.S. E-CIGARETTE MARKET |
| FIGURE 35 | RESEARCH CONCLUSIONS |
| FIGURE 36 | DREXEL UNIVERSITY SCHOOL OF PUBLIC HEALTH: RESEARCH CONCLUSIONS |
| FIGURE 37 | NATIONAL YOUTH TOBACCO SURVEY (2011-2014) RESULTS |
| FIGURE 38 | CHANGING PERCENTAGES OF DIFFERENT TOBACCO AND NON-TOBACCO PRODUCTS AMONG HIGH AND MIDDLE SCHOOL CHILDREN (2011-2014) |
| FIGURE 39 | KEY POINTS OF THE ONTARIO BILL45 (MAKING HEALTHIER CHOICES ACT, 2014) |
| FIGURE 40 | THE OVERALL LAWS AND REGULATIONS GOVERNING THE E-CIGARETTE MARKET IN SOUTH AMERICA |
| FIGURE 41 | REGULATIONS GOVERNING THE MIDDLE EAST E-CIGARETTE MARKET |
| FIGURE 42 | ALTRIA: PRODUCTS & SERVICES- A SNAPSHOT |
| FIGURE 43 | GREEN SMOKE LLC: PRODUCT SNAPSHOT |
| FIGURE 44 | ALTRIA GROUP, INC.: OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 45 | ALTRIA GROUP, INC.: NET REVENUE BY BUSINESS SEGMENTS, 2012-2014 ($MILLION) |
| FIGURE 46 | MISTIC ELECTRONIC CIGARETTES: PRODUCT SNAPSHOT |
| FIGURE 47 | NEO ELECTRONIC CIGARETTES: PRODUCT SNAPSHOT |
| FIGURE 48 | VYPE ELECTRONIC CIGARETTES: PRODUCT SNAPSHOT |
| FIGURE 49 | BRITISH AMERICAN TOBACCO PLC (BAT): OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 50 | BRITISH AMERICAN TOBACCO PLC (BAT): NET REVENUE, BY GEOGRAPHY, 2012-2014 ($BILLION) |
| FIGURE 51 | BULL SMOKE: PRODUCT SNAPSHOT |
| FIGURE 52 | BULL SMOKE: E-LIQUID FLAVOURS- A SNAPSHOT |
| FIGURE 53 | CB DISTRIBUTORS, INC.: PRODUCT SNAPSHOT |
| FIGURE 54 | 21ST CENTURY SMOKE: PRODUCT SNAPSHOT |
| FIGURE 55 | CIGAVETTE: PRODUCT SNAPSHOT |
| FIGURE 56 | CLEARETTE: PRODUCT SNAPSHOT |
| FIGURE 57 | CLOUDCIG: PRODUCT SNAPSHOT |
| FIGURE 58 | ECIG: PRODUCTS AND SERVICES- A SNAPSHOT |
| FIGURE 59 | VAPESTICK: PRODUCT SNAPSHOT |
| FIGURE 60 | TEN MOTIVES: PRODUCT SNAPSHOT |
| FIGURE 61 | FIN: PRODUCT PORTFOLIO |
| FIGURE 62 | ECIG : OVERALL FINANCIALS 2012-2014 ($MILLION) |
| FIGURE 63 | FIN BRANDING GROUP LLC.: PRODUCT SNAPSHOT |
| FIGURE 64 | PURITANE: PRODUCT SNAPSHOT |
| FIGURE 65 | GAMUCCI ELECTRONIC CIGARETTES: PRODUCT SNAPSHOT |
| FIGURE 66 | IMPERIAL TOBACCO GROUP PLC : PRODUCT SNAPSHOT |
| FIGURE 67 | IMPERIAL TOBACCO GROUP PLC: BRAND PORTFOLIO - A SNAPSHOT |
| FIGURE 68 | IMPERIAL TOBACCO GROUP PLC: OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 69 | IMPERIAL TOBACCO GROUP PLC: NET REVENUE BY GEOGRAPHY, 2012-2014 ($BILLION) |
| FIGURE 70 | SOUTH BEACH PRODUCT SNAPSHOT |
| FIGURE 71 | EVERSMOKE: PRODUCT SNAPSHOT |
| FIGURE 72 | NUTRICIGS: PRODUCT SNAPSHOT |
| FIGURE 73 | JAPAN TOBACCO CORPORATION (JT): PRODUCT SNAPSHOT |
| FIGURE 74 | E-LITES: PRODUCT SNAPSHOT |
| FIGURE 75 | JAPAN TOBACCO CORPORATION (JT): OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 76 | JAPAN TOBACCO CORPORATION (JT): NET REVENUE BY BUSINESS SEGMENTS, 2011-2013 ($BILLION) |
| FIGURE 77 | LOGIC TECHNOLOGY: PRODUCT SNAPSHOT |
| FIGURE 78 | BLU ECIGS: PRODUCT SNAPSHOT |
| FIGURE 79 | SKYCIG: PRODUCT SNAPSHOT |
| FIGURE 80 | LORILLARD, INC.: OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 81 | NET REVENUE BY SEGMENTS, 2012-2014 ($MILLION) |
| FIGURE 82 | NJOY: PRODUCT SNAPSHOT |
| FIGURE 83 | PHILIP MORRIS INTERNATIONAL INC. (PMI): BRAND SNAPSHOT |
| FIGURE 84 | NICOCIGS: PRODUCT SNAPSHOT |
| FIGURE 85 | PHILIP MORRIS INTERNATIONAL INC. (PMI): OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 86 | PHILIP MORRIS INTERNATIONAL INC. (PMI): NET REVENUE BY GEOGRAPHY, 2012-2014 ($BILLION) |
| FIGURE 87 | PROVAPE: PRODUCT SNAPSHOT |
| FIGURE 88 | REYNOLDS AMERICAN INC. (RAI): PRODUCT SNAPSHOT |
| FIGURE 89 | REYNOLDS AMERICAN INC. (RAI): BRAND SNAPSHOT |
| FIGURE 90 | REYNOLDS AMERICAN INC. (RAI): OVERALL FINANCIALS, 2012-2014 ($BILLION) |
| FIGURE 91 | VAPOR CORP.: BRAND SNAPSHOT |
| FIGURE 92 | VAPOR CORP: OVERALL FINANCIALS, 2012-2014 ($MILLION) |
| FIGURE 93 | V2 CIGS: PRODUCT SNAPSHOT |
| FIGURE 94 | VAPOR COUTURE: PRODUCT SNAPSHOT |
Report Description
The report is a meticulous compilation of the different aspects of the e-cigarette industry including the porter’s five forces analysis, market dynamics, key consortiums, compliance and regulatory bodies, market breakdown by product types and key geographical locations. The market values form a critical part of the report, herein the revenue generated from sales of e-cigarettes and related products such as cartridges, refills, and e-liquids through retail and online channel is tracked to calculate the market size.
While highlighting the key driving and restraining forces for this dynamic market the report also provides a comprehensive section of the prominent consortiums, compliance, and regulatory bodies and their involvement in the e-cigarette industry.
The report has laid down special emphasis on the legal and regulatory framework, owing to the changing paradigms in the industry. Where on one hand the state and local governments are planning to impose taxes on e-cigarettes following the likes of conventional tobacco, on the other there are several consortiums identified who are opposing the proposals and wish to back e-cigarette by scientific studies.
The industry analysis has been included analyzing the impact of the five major forces to understand the overall attractiveness of the industry. The company profile section has been broken down into the key start-ups, Chinese players, Indian players, and global players. While the global companies have been chosen on the basis of their market developments and revenue generation, top Chinese manufacturers have also been profiled in the report.
Key Questions Answered in this Report
The answers to the following questions can be found in the report:
• How will the intensity of competitive rivalry evolve through the forecast period?
• Which factors will be driving the market through the forecast period?
• What factors are currently challenging the e-cigarette industry and how can they be addressed through the forecast period?
• Which consortiums are active in the e-cigarette industry?
• How are the regulatory bodies such as the Food and Drug Administration (FDA) among others participating in the industry?
• Which compliances and certifications are necessary to make a product acceptable among the users (Especially the first time vapers)?
• What are the prevalent e-cigarette product types?
• What is the average cost of each e-cigarette types along with their key market players?
• How will the region home to the e-cigarette manufacturing hub grow through the forecast period?
• Which country will lead the global e-cigarette market by the end of the forecast period?
• What will be the impact of the EU TPD (European Union Tobacco Product Directive) on the European e-cigarette market?
• Who are the key players in the e-cigarette market, especially broken down by start-ups and those operating in China?
Market Overview
The global e-cigarette market is expected to grow over $50 billion by 2025, at an estimated CAGR of 22.36% from 2015 to 2025. The market will witness a staggering growth until 2017, by when most of the regulatory and policy framework will fall into place. The growth rate will significantly increase thereafter, with significant revenue generation from evolving markets of APAC and Europe. Moreover, while disposable e-cigarettes dominated the global e-cigarette product market till 2014, rechargeable e-cigarettes, followed by personal vaporizers and mods will soon take over the top market positions in terms of revenue generation. The U.S. market will continue with its dominance through the forecast period, however, China is expected to grow at the fastest CAGR to become the second largest revenue generating country by the end of 2025.
The global issue of tobacco consumption has become more critical, irrespective of the detrimental health affects its poses and the increasing taxes being levied on the same. Identifying the importance of finding alternatives to tobacco, the first e-cigarette was designed in China, back in 2003. 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 market has been largely driven by a flurry of activities including Mergers and Acquisitions, Patent Warfare, and increasing customization in products among others. Moreover, the emergence of Vape shops is increasingly engaging more users through their wide variety of products and better assistance while shopping the desired products. However, the state and local government’s proposals to levy hefty taxes on e-cigarettes is emerging as a key challenge for the market. Also, compatibility issues and the unregulated manufacturing process in China are yet other restraining factors in the e-cigarette market.