A quick peek into the report
Table of Contents
|1.1||Scope of the Report|
|1.2||The European E-cigarette and Vaporizer Market Research Methodology|
|1.2.1||Primary Data Sources|
|1.2.2||Secondary Data Sources|
|2.1.3||Lookout for Tobacco Alternatives|
|2.1.4||Diversity of Distribution Channels and Emergence of Vape Shops|
|2.2.1||Lack of clinical research initiative|
|2.2.2||Entry of Tobacco Giants|
|2.2.3||Stringent Government Policies|
|184.108.40.206||Public derivatives Related to Ban on E-Cigarette|
|220.127.116.11||E-cigarette to be Treated as a Medical Device|
|2.2.4||Increasing number of reported adverse events|
|3.1||Key Strategies and Developments|
|3.1.1||Mergers and Acquisitions|
|3.1.2||Product Development And Launch|
|3.1.3||Partnerships, Joint Ventures, and Collaborations|
|3.3||Product Benchmarking of Popular E-cigarette Brands in Europe|
|4.1.1||Association Française de Normalisation (AFNOR) – FRANCE|
|4.1.2||British Medical Association- UK|
|4.1.3||Electronic Cigarette Industry Trade Association (ECITA) – UK|
|4.1.4||European Union Tobacco Product Derivative(EU TPD)|
|4.1.5||Russian Health Ministry|
|4.1.6||The National Inter-professional and Technical Tobacco Association – France|
|4.1.7||Tobacco Vapour Electronic Cigarette Association (TVECA)|
|4.2.1||The Medicines And Healthcare Products Regulatory Agency (MHRA)- UK|
|4.2.2||World Health Organization|
|4.3.1||Framework Convention Alliance (FCA)|
|4.3.2||The Action on Smoking Health-Scotland|
|4.3.3||The European Public Health Alliance|
|4.3.4||The New Nicotine Alliance|
|4.3.5||Tobacco Manufactures Association (TMA)|
|4.3.6||Tobacco Retailer Alliance|
|4.4||Country-Wise Regulation of E-cigarette in Europe|
|5.1||Assumptions for Analysis and Forecast of the European E-cigarette and Vaporizer Market|
|5.3||The European E-cigarette Device Market by Product Type|
|5.3.3||VTMs (Vaporizers, Tanks, and Mods)|
|18.104.22.168||Advanced Personal Vaporizers and Mods|
|5.3.4||EGos and Tanks|
|5.4||The European E-cigarette and Vaporizer Aftermarket (Component Parts), Analysis & Forecast|
|7.2||Online Distribution Channel|
|7.3||Retail Distribution Channel|
|8.7||Other European Countries|
|9.1||Altria Group, INC.|
|9.1.1||Altria group, Inc. Summary|
|22.214.171.124||Green Smoke LLC|
|9.1.4||Altria SWOT Analysis|
|9.2||British American Tobacco Plc (BAT)|
|9.2.1||British American Tobacco PLC. Summary|
|126.96.36.199||VYPE Electronic Cigarettes|
|188.8.131.52||Voke Nicotine Inhaler|
|9.2.4||British American Tobacco SWOT Analysis|
|9.4||Electronic Cigarettes International Group|
|9.4.1||Electronic Cigarettes International Group (ECIG) Summary|
|9.4.4||ECIG SWOT Analysis|
|9.7||Imperial Tobacco Group Plc|
|9.7.1||Imperial Tobacco Group Plc Summary|
|9.7.2||Fontem Ventures Summary|
|9.7.4||Imperial Tobacco Group Plc SWOT Analysis|
|9.8.1||J Well Summary|
|9.11||Philip Morris International Inc. (PMI)|
|9.11.1||Philip Morris International Inc. (PMI) Summary|
|184.108.40.206||Marlboro IQOS E-cigarette|
|9.11.3||Philip Morris International Inc SWOT Analysis.|
|9.12.1||Puff Cigarette Summary|
|9.13.1||Red Kiwi Summary|
|9.14||Reynolds American Inc. (RAI)|
|220.127.116.11||VUSE Electronic Cigarettes|
|9.14.3||Reynolds American Inc Swot Analysis|
|9.15||Vape 4 me|
|9.15.1||Vape 4 me Summary|
|9.16.3||VaporCorp. Swot Analysis|
|Table 3.1||Merger & Acquisition in European E-cigarette Market (2013-16)|
|Table 3.2||Key Product Launches in the European E-cigarette Market|
|Table 3.3||Key Collaborations of European E-cigarette Market|
|Table 3.4||Key Expansions in European E-cigarette Market|
|Table 3.5||Key Lawsuits in European E-cigarette Market|
|Table 3.6||Events in the European E-cigarette Market|
|Table 4.1||Country-wise Regulations on the Usage of E-cigarette in Europe|
|Table 5.2||The European E-cigarette Device Market by Product Type, 2015-2025|
|Table 5.3||List of Disposable E-cigarette market players with Average Cost|
|Table 5.4||List of Rechargeable E-cigarette market players with Average Cost|
|Table 5.5||List of VPs & MODs Market Players and Their Average Cost|
|Table 5.6||Total European Aftermarket|
|Table 5.7||Market players of E-Liquid with Avg. Price|
|Table 5.8||E-liquid by type|
|Table 5.9||Total European E-liquid Market by Source of Origin|
|Table 5.10||European E-Liquid Market by Distribution Channels|
|Table 5.12||Total Atomizer Market|
|Table 5.13||Total Battery Market|
|Table 6.1||Total European E-cigarette Market by Source of Origin|
|Table 7.1||Total European E-cigarette Market by Distribution Channels|
|Table 7.2||Total European E-cigarette Market by Retail Distribution Channels|
|Table 8.1||Total European E-cigarette and Vaporizer Market|
|Table 8.2||European Countries & E-cigarette regulations|
|Figure 1||European Smoking Population Trend|
|Figure 2||The European E-Cigarette Market Size (%) by Device Type, 2015 and 2025|
|Figure 3||The European E-cigaretteMarket Size (%) by Components, 2015 and 2025|
|Figure 4||European E-cigaretteMarket by Distribution Channel|
|Figure 1.1||The European E-cigarette and Vaporizer Market Scope|
|Figure 1.2||Bottom Approach for Market Estimation|
|Figure 2.1||The European E-cigaretteMarket Drivers & Challenges|
|Figure 3.1||Impact of the Porter’s Five Forces for the European E-cigarette Market|
|Figure 3.2||Product Benchmarking for European E-cigarette Market|
|Figure 4.1||List of BMA Committee|
|Figure 4.2||Key objectives of ECITA|
|Figure 4.3||EU TPD Regulations|
|Figure 4.4||Major Areas focused by ANITTA|
|Figure 4.5||MHRA Responsibilities|
|Figure 4.6||Responsibilities of TVECA|
|Figure 4.7||Main centres of MHRA|
|Figure 4.8||Advantages of FCTC|
|Figure 4.9||Principles, Regulations and Policies for NCP|
|Figure 4.10||NNA Guidelines|
|Figure 4.11||Issues Solved by Tra|
|Figure 4.12||Enacted and Proposed Vapour Excise Taxes in Europe|
|Figure 5.1||The European E-cigarette Device and Aftermarket Value ($ Billion), 2015 and 2025|
|Figure 5.2||The European E-cigarette Device Market Size (%), 2015 and 2025|
|Figure 5.3||Pros and Cons of Disposable E-cigarette|
|Figure 5.4||Pros and Cons of Rechargeable E-cigarette|
|Figure 5.5||Pros and Cons of PV and Mods|
|Figure 5.6||Pros and Cons of Egos and Tanks|
|Figure 5.7||The European E-cigarette Aftermarket Value ($ Billion): 2015 and 2025|
|Figure 5.8||The European E-Liquid Types Market Value ($ Million): 2015 and 2025|
|Figure 5.9||Advantages and Disadvantages of Pre-Filled E-Liquid|
|Figure 5.10||Advantages and Disadvantages of Bottled E-Liquid|
|Figure 5.11||The European E-Liquid Market Value ($ Billion) by Source of Origin: 2015 and 2025|
|Figure 5.12||The European E-Liquid Market Value ($ Billion) by Distribution Channel: 2015 and 2025|
|Figure 5.13||The European Atomizer Market ($ Million): 2015 and 2025|
|Figure 5.14||The European Battery Market ($ Million): 2015 and 2025|
|Figure 6.1||The European E-cigarette Market ($ Million) by Source of Origin: 2015 and 2025|
|Figure 7.1||The European E-cigarette Market ($ Billion) by Distribution Channel: 2015 and 2025|
|Figure 7.2||Advantages of Online Distribution Channel|
|Figure 7.3||The European E-cigarette Market ($ Billion) by Retail Distribution Channel: 2015 and 2025|
|Figure 8.1||The European E-cigarette and Vaporizer Market ($ Billion): 2015 and 2025|
|Figure 9.1||Altria Group, Inc.: Overall Financials, 2013-2015 ($ Billion)|
|Figure 9.2||Altria Group, Inc.: Net Revenue By Business Segment,2013-2015 ($Million)|
|Figure 9.3||British American Tobacco Plc (Bat): Overall Financials ($Billion); 2012-2014|
|Figure 9.4||British American Tobacco Plc (BAT): Geography Revenue Mix ($Billion);2012-2014|
|Figure9.5||ECIG: Overall Financials ($Million); 2013-15|
|Figure 9.6||Imperial Tobacco Group Plc: Overall Financials ($ Billion),2013-2015|
|Figure 9.7||Imperial Tobacco Group Plc: Geography Revenue Mix ($ Billion),2013-2015|
|Figure 9.8||Phillip Morris International Inc. (PMI): Overall Financials ($ Billion) 2013-2015|
|Figure 9.9||Philip Morris International Inc. (PMI): GEOGRAPHY REVENUE MIX ($ Billion);2013-2015|
|Figure 9.10||Reynolds American Inc. (RAI): Overall Financials,($Billion); 2013- 2015|
|Figure 9.11||VaporCorp.: Overall Financials ($million); 2013-2015|
Combustible cigarettes continue to propel the tobacco industry with increasing revenue at a global level. Although, the smoking population has been declining since 2010, the per capita consumption and consequentially the count of cigarettes remain constant, if not increasing. E-cigarettes or Electronic cigarette are electronically operated devices, designed to imitate the look and feel of conventional cigarettes. Developed in 2003, the market started gaining traction commercially in 2012 and the devices since then have transitioned through three generations of product innovation. While e-cigarettes were perceived to challenge the combustible cigarette market, the entry of Big Tobacco converted the competition into alliance.
The report on ‘The Europe E-cigarette and Vaporizer Device and Aftermarket’ is a meticulous compilation of the various facets of the e-cigarette industry. After a thorough analysis of the current trends, the market dynamic chapter includes the key push and pull forces prevailing in the European e-cigarette market. Owing to the dependency of the market growth on the legal and regulatory framework, the report at each step has considered the effect of laws (both implemented and anticipated) in terms of regulations and taxation in estimation and forecast of the market size. Moreover, the key consortiums and compliance influencing the e-cigarette market in the country have also been included in the report.
Big Tobacco companies started competing aggressively acquiring the top e-cigarettes brands and rolled out their own brands with newer and technologically advanced products. Moreover, a few companies also got involved in legal battle over patents, in order to maintain their market positions. Having identified the fluctuating landscape in the European market, the competitive insights chapter lays special emphasis on the key strategies and developments including the prominent acquisitions, product developments, partnership, business expansion, and lawsuits among others. The products of the top e-cigarette brands have been benchmarked on the basis of factors such as performance, efficiency, global presence, and battery life among others.
The e-cigarette market is anticipated to grow amidst ongoing legal fluctuations and varying vaping preferences. Moreover, the product choices might differ in the future owing to the hefty taxations that are anticipated on both device and e-liquid (the liquid which converts into vapor). Therefore, the European e-cigarette market estimation and forecast has been initiated with an exhaustive set of assumptions, following which are the key trends and market size information for both device and components. The market has been further estimated and forecast based on the prevalent distribution channel, i.e. online and retail and by the source of origin.
The report involves a mix of 50+ companies chosen on the basis of their market developments, revenue generation and market share in the industry. The companies profiled in the report include Altria, Imperial Tobacco, Japan Tobacco, EdSylver, J Well, Nicare, and red-kiwi among others.
Key Questions Answered in this Report
Key Questions answered in the report:
• How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
• Which factors are currently impacting the market and how will the impact change through the forecast period?
• What factors are currently challenging the European e-cigarette market and how can they be addressed through the forecast period?
• What are the prevalent e-cigarette product types and what is the market size for each of them?
• How will the aftermarket (e-liquid, atomizers, and battery) grow in the next ten years?
• Which consortiums are active in the European e-cigarette market?
• How are the regulatory bodies such as the Food and Drug Administration (FDA) and Medicines and Healthcare Products Regulatory Agency (MHRA) participating in the industry?
• Which compliances and certifications are necessary to make a product acceptable among the users (especially the first time vapers)?
• Which country is leading the European e-cigarette market?
• How will the competitive rivalry in the region evolve through the forecast period?
• Who are the key players in the European e-cigarette market?
The European region is home to countries with some of the highest smoking populations globally; however, the number of conventional cigarette users has been declining since 2010. The issues related to the tobacco consumption in the European market have become less critical, because of the determinable health effects caused due to tobacco consumption and the taxes being levied on tobacco related products. In response to such cause, several health organizations and pharmaceutical companies are working on efficient and scientifically proven smoking cessation products such as nicotine gums and patches. The following figure represents the declining smoking population against the increasing European population:
Europe being one of the largest markets in the e-cigarette industry is home to contradictory regulatory regimes. In most of the member countries, there are strict rules towards the consumption and sale of e-cigarettes and in some countries, such as Greece and Bulgaria among others, e-cigarettes are prohibited. The number of e-cigarette users in UK is increasing, however, the Department of Health states that e-cigarettes are not risk free and new measures are to be introduced by the Medicines and Healthcare Products Regulatory Agency in 2016. Moreover, the e-cigarette and vaporizer industry are subject to different regulatory frameworks across different European countries. Some of the European regions are banning sale and consumption of e-cigarettes, one of the reasons being the lack of regulations on the nicotine content present in e-cigarette and e-liquids being unintentionally filled at a higher dose, leading to certain diseases or nicotine poising.
Rechargeable e-cigarette kits are one of the prevalent e-cigarette types in the European e-cigarette market and are expected to grow over $1.98 billion by 2025 at a doubled digit CAGR from 2015-2025. The market will observe a reduction of growth in the next few years, as most of the regulatory and policy framework will fall into place.
There are series of laws and regulations being imposed for manufacturing, sale, usage, distribution, advertising, and marketing of e-cigarette and e-liquid in the European regions. The market share of disposable e-cigarettes will continue to decline in the next ten years, whereas, the share of VTMs will increase up to 65% by the end of forecast year.
The e-cigarette market became further fragmented since early 2015 with the aftermarket entering into the industry. The aftermarket primarily constitutes of the e-liquid, atomizers, and batteries. With the increase in the sale of e-liquid (both bottled and pre-filled), there has been a rise in the number of e-liquid players as well. The bottled e-liquid is expected to grow over $XX billion by 2025 with a CAGR of XX%, whereas the pre-filled e-liquid is expected to grow over $XX billion b 2025 with a CAGR of XX% through the forecast period.
The number of distribution channels present in the European e-cigarette industry gives market players the scope to expand both locally and globally through retail and online channels. Several developments are taking place in the market wherein the companies aim at either supplying their products through different retail channels or by opening new stores in Europe and outside. One of the key drivers for the e-cigarette market is the ease of access to the distribution channels. Particularly in the online distribution channel, most of the key players operate via online supermarkets and e-commerce website.
At a global scale, the European e-cigarette market has an upper hand within the industry because of the series of mergers and acquisitions taking place with the big tobacco giants and others. With the participation of the big tobacco companies and through different modes of distribution channels, the e-cigarette industry is expanding since the year 2012 at a global level.