Global E Cigarette & Vaporizer Market — Analysis & Forecast Through 2015 to 2025

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.