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Global Vape (E-Cigarette and Vaporizer) Market to Grow Rapidly as Desire among Consumers to Quit Tobacco Smoking Rises

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Published on : Aug 24, 2016

ALBANY, New York, August 24, 2016: ResearchMoz.us announces the inclusion of a new market intelligence study to its comprehensive collection of research reports. The 124-page research study, titled “Global Vape Market (e-Cigarette and Vaporizer) - Strategic Assessment and Forecast Till 2021,” presents an in-depth analysis of the market, presenting insights into the currents trends and key opportunities. The market research study provides a detailed overview of the key dynamics that are estimated influence the growth of the market in the near future.

The increasing inclination of consumers towards the use of vapor products as a substitute for tobacco cigarettes is one of the prominent factors estimated to fuel the growth of the market in the coming few years. In addition, the rising desire among consumers across the globe to quit smoking tobacco and the corresponding increase in the acceptance of e-cigarettes and vaporizers is projected to encourage the growth of the global vape market throughout the forecast period. Moreover, the growing number of deaths caused by smoking-related cancer has impelled people to stop smoking cigarettes. This is anticipated to boost the demand for vape (e-cigarettes and vaporizers) products in the next few years.

The research study has classified the global vape (e-cigarette and vaporizer) market on the basis of type into open system and closed system vape products. The open system vape product segment has been sub-segmented into cigalikes, refill cartridges, and rechargeables. On the other hand, the closed system vape product segment has been sub-segmented into e-liquids/e-juices and vapor/tanks/mods or VTMs. The demand, consumption, and growth rate of each product segment have been mentioned in the research study to give a clear picture of the market.

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Furthermore, on the basis of distribution channel, the global market for vape products has been categorized into online, tobacco shops, retail, convenience stores, grocery, vape shops, drug stores, and others. The expansion of distribution channels across the globe has been one of the key factors boosting the demand for vapor products in the last few years. The research study has further analyzed the geographical segmentation of the global market and has provided the estimated growth rate of each region in the near future.

The leading players operating in the global market for vape (e-cigarette and vaporizer) include Altria Group, BAT, Reynolds American, Imperial Brands, Japan Tobacco, and NJOY. Some of the other key players listed in the research study are RRR Chemicals, Vapor, CB Distributors, Nicotek, VMR Products, Gamucci, ECIG, Ballantyne Brands, and White Cloud. 

To offer a clear understanding of the global market, the research study has highlighted the key strategies adopted by the leading players. In addition, the research study has included insightful inputs given by industry experts in order to guide the new as well as existing players in designing effective strategies in the next few years. 

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