Dublin, Jan. 18, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global E-cigarette & Vaporizer, Device and Aftermarket, Analysis and Forecast, 2016-2025" report to their offering.
The global e-cigarette market is poised to grow over $47 billion by 2025 at a double digit CAGR from 2015 to 2025.
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.
In spite of the proposals of stringent regulations and policies governing the e-cigarette market, the revenue from the key geographical regions will continue to rise at a double digit CAGR through the forecast period. While North America, with U.S. leading the way will dominate the market throughout the forecast period, APAC will be growing at the fastest CAGR, accounting for more than 27% of the global e-cigarette market value by 2025. Significant revenue flow will be observed in China and India.
Tobacco consortiums, recently established vaping associations and regulatory bodies have a significant role to play in the global e-cigarette industry since the future growth of the market largely depends on the regulatory framework. The implementation of the Tobacco Product Directive (TPD) by the European Union (EU) is by far the most controversial directive and has taken effect from May 2016. Following the regulations, the companies are expected to bring about drastic changes in their marketing and distribution strategies, which might affect the market growth through the forecast period. Moreover, four of the U.S. states including Minnesota and North Carolina have already imposed taxes on e-cigarettes and accessories, and a similar paradigm is expected to be followed through the forecast years.
Key Topics Covered:
Executive Summary
1 Research Scope and Methodology
1.1 Scope of the Report
1.2 Global E-cigarette and Vaporizer Market Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Rise in the Lookout for Alternatives to Tobacco
2.1.2 Ease of Access to Distribution Channels and Proliferation of Vape Shops
2.1.3 E-cigarettes Perceived to be more Cost Effective as Compared To Smoking
2.1.4 Presence and Hegemony of Established Tobacco Companies (Brands)
2.1.5 The Advancement in Device Technology and Product Innovation
2.2 Market Challenges
2.2.1 Implementation of Stringent Legal Framework
2.2.2 Ambiguity Pertaining to Health Risks Due to E-cigarettes
2.2.3 Rise in the Number of Reported Adverse Events
2.2.4 Other Challenges
2.2.4.1 Rising popularity among Children, Adolescent, and Non-smokers
2.2.4.2 Intense Lobbying by Pharmaceutical Companies
2.2.4.3 Unregulated Manufacturing Practices
2.3 Market Opportunities
2.3.1 Investment and Franchising Opportunities
2.3.2 Integration of the E-cigarette and Cannabis Industry
3 Competitive Insights
3.1 Key Strategies and Developments
3.2 Industry Attractiveness
4 Industry Analysis
4.1 Key Consortiums, Alliances, Certifications, and Regulatory Bodies
4.1.1 Consortiums
4.1.2 Regulatory Bodies
4.1.3 E-cigarettes Compliances and Certifications
4.1.4 Alliances
4.2 Value Chain Analysis
5 Global E-cigarette and Vaporizer Market Analysis and Forecast by Market Segment
5.1 Key Assumptions for Market Estimation and Forecast
5.2 Market Overview
5.3 Global E-cigarette and Vaporizer Device Market
5.3.1 Disposable E-cigarettes
5.3.2 Rechargeable E-cigarettes
5.3.3 Vaporizers, Tanks and Mods (VTMs)
5.3.4 E-cigarette Device Testing
5.4 The Global E-cigarette and Vaporizer Aftermarket (Components Market), Analysis and Forecast
5.4.1 E-Liquids
5.4.2 Atomizers
5.4.3 Battery
5.4.4 Others
6 Global E-cigarette and Vaporizer Market Analysis and Forecast, by Distribution Channel
6.1 Market Overview
6.2 Online Distribution Channel
6.3 Retail Distribution Channels
6.3.1 Convenience Stores (C-Stores)
6.3.2 Vape Shops
6.3.3 Other Retail Channels (Drug Stores, Pharmacies, and Gas Stations)
7 Global E-Cigarette and Vaporizer Device, Aftermarket Analysis and Forecast by Geography
8 Company Profiles
- Altria Group, Inc.
- Ballantyne Brands, LLC
- British American Tobacco PLC (BAT)
- Cerulean
- Clearette Electronic Cigarette Co.
- Durasmoke
- EC Blend
- Electronic Cigarettes International Group
- Halocigs
- International Vapor Group, Inc. (IVG)
- Japan Tobacco, International. (JT)
- Mac Baren Tobacco Company
- Mad Vapes
- Molins Plc
- Mountain Oak Vapors
- NJOY, Inc.
- NicQuid
- Ovale
- Philip Morris International Inc. (PMI)
- Provape
- Purilum
- Red kiwi
- Reynolds American Inc. (RAI)
- Texas Select Vapor
- Vapor Corp.
- Vapor Shark
For more information about this report visit http://www.researchandmarkets.com/research/3s4lmk/global