Global E-cigarette and T-Vapor Market 2017-2025 - Focus on Product Segments, Distribution Channels and Country Analysis

3/16/2018, 10:51 AM (Source: GlobeNewswire)

Dublin, March 16, 2018 (GLOBE NEWSWIRE) -- The "Global E-cigarette and T-Vapor Market, Analysis and Forecast (2017-2025) (Focus on Product Segments, Distribution Channels and Country Analysis)" report has been added to ResearchAndMarkets.com's offering.

The e-cigarette and t-vapor market amounted to $11.44 billion in 2016 and is expected to witness a double-digit growth throughout the forecast period of 2017-2025.

Increasing prices of cigarettes, rising health awareness, and product innovation and technological advancements of e-cigarettes are propelling the growth of the market. The ease of access to distribution channel, especially online websites and e-commerce sites, which provide market players with the scope to expand both locally and globally, continues to be one of the key drivers for the market. However, in the current scenario retail channels such as, convenience stores, vape shops, and tobacco users generate over 60% of the revenue, and remain the primary form of distribution. However, the growth of the market is dependent on the legal and regulatory framework, and taxation policies, which have been tightening across the globe.

Open tank systems have become the predominant product type in the market due to their advanced technology, and features of customization and interoperability. However, closed tank systems which combine the pros of rechargeable e-cigarettes and open tank systems with their long battery life, more vapor formation, and large tanks are expected to be the fastest growing e-cigarette product segment. The market for t-vapor products, the adoption rates of which have increased multifold in 2017 in countries such as Japan, South Korea and Russia, are expected to triple in size by 2021. Over 70% of the revenue of t-vapor products comes from device sales, while rest is contributed by the sales of tobacco capsules and sticks.

While North America and Europe have been the leading markets for e-cigarettes due to early adoption of vape products in the regions, APAC is anticipated to dominate the market in t-vapor products. In Japan, which was the first country where t-vapor products were launched countrywide, approximately 30% smokers have already switched to t-vapor. Of the world's 1 billion smokers, 700 million reside in APAC, and the region is currently grappling high smoking related morbidity and mortality, of the 5.5 million people who die from smoking-related illnesses each year, half are in Asia, thus making the tobacco pandemic a major concern to all stakeholders in public health sector. Moreover, most countries still have lax regulations and low taxation rate for tobacco products, thus providing players with an opportunity to introduce smoking alternatives in the market.

There lies opportunity for introduction of t-vapor products in the European region, which has the highest smoking rate, globally. Moreover, since only a handful of players have launched closed tank systems and tobacco vaporizers, there lies immense untapped potential for the growth of these products in the market across the globe. Furthermore, while e-cigarettes are cost effective, the price of t-vapor products are on the exorbitant side, providing opportunity to smaller players to launch more economical products to consumers.

Key Topics Covered:

Executive Summary

1 Report Scope and Methodology
1.1 Scope of the Report
1.2 Key Learnings
1.3 Research Methodology

2 Market Overview
2.1 Introduction
2.2 Evolution of E-cigarettes
2.3 Addressable Market Size and Growth Potential

3 Market Dynamics
3.1 Impact Analysis of Market Drivers and Challenges
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities

4 Competitive Landscape
4.1 Key Developments and Strategies
4.2 Market Share Analysis

5 Industry Analysis
5.1 Industry Attractiveness
5.2 Regulatory Bodies
5.3 Compliance and Certifications
5.4 Consortia

6 Global E-cigarette and T-Vapor Market by Product Type
6.1 E-cigarette Market
6.1.1 Disposable Cigarettes
6.1.2 Rechargeable Cig-a-likes
6.1.3 Closed Tank Systems
6.1.4 Open Tank Systems
6.2 T-Vapor Market
6.2.1 T-Vapor Product by Type (Next Generation Products and Infused Products)
6.2.2 T-Vapor Market by Brand
6.2.2.1 IQOS
6.2.2.2 iFuse and Glo
6.2.2.3 PloomTech

7 Global E-cigarette and T-Vapor Market by Component Type
7.1 E-cigarette Aftermarket
7.1.1 E-liquids
7.1.1.1 Pre-filled E-liquids
7.1.1.2 Bottled E-liquids
7.1.2 Atomizers
7.1.3 Batteries
7.2 T-Vapor Device and Tobacco Sticks/Capsules Market

8 Global E-cigarette and T-Vapor Market by Distribution Channel
8.1 E-cigarette Market By Distribution Channel
8.1.1 Online Distribution Channel
8.1.2 Retail Distribution Channel
8.1.2.1 Vape Shops and Tobacco Shops
8.1.2.2 Supermarkets and Convenience Stores
8.1.2.3 Others
8.2 T-Vapor Market by Distribution Channels

9 Global E-cigarette and T-Vapor Market by Region

10 Company Profiles

  • Altria Inc.
  • Apollo Future Technology Limited
  • British American Tobacco Company
  • Eleaf Electronics Co., Ltd.
  • Flavourtec SP. Z.O.O.
  • Gamucci Electronic Cigarettes
  • Healthier Choices Management Corp.
  • Innokin Technology Co.Ltd.
  • International Vapor Group
  • JUUL Labs
  • Japan Tobacco Inc.
  • Korea Tobacco & Ginseng Corporation
  • Molecule Labs Inc.
  • NJOY
  • Nicopure Labs LLC
  • PAX Labs, Inc.
  • Philip Morris International, Inc.
  • Pillbox 38 U.K. Ltd.
  • Product Mapping
  • VMR Products, LLC

For more information about this report visit https://www.researchandmarkets.com/research/5f4r9w/global?w=12



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