Bulletin
Investor Alert

Sept. 5, 2019, 6:44 a.m. EDT

Electronic Cigarette Market Is Likely To Engender Revenue Of $26,839 Million by 2023

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Sep 05, 2019 (Heraldkeepers) -- Electronic Cigarette Market by Product Type, Flavor, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global electronic cigarette market was valued at $8,610 million in 2016, and is projected to reach $26,839 million by 2023, registering a CAGR of 17.4% from 2017 to 2023. In 2016, the modular product type accounted for more than half of the share in global market.

For More Industry Insight, Download Brochure @ https://www.alliedmarketresearch.com/request-sample/2427

Increase in awareness about harmful effects of conventional cigarettes, improving lifestyle and growing affluence, and growing technological developments by electronic cigarette manufacturers are the various driving factors, which is expected to propel the market growth from 2017 to 2023.

In 2016, modular electronic cigarette accounted for the largest share in the market and is expected to maintain its dominance during the forecast period. Modular electronic cigarette is the most popular among others as it can be refilled and allows the user to regulate the power delivered from the systems battery to the automizer.

An electronic cigarette is a handheld device that tries to create the feeling of tobacco smoking. It is a battery-operated device, which heats a liquid to generate an aerosol, commonly called a vapor, for the user to inhale. The liquid inside the electronic cigarette is usually made of nicotine, propylene glycol, glycerin, or other flavorings. There are different types of electronic cigarettes available in the market, which includes modular, rechargeable, and disposable.

Make an Enquiry for Promocode Of Discounted Price: @ https://www.alliedmarketresearch.com/purchase-enquiry/2427

Countries such as China and India consist of large smoking population, which look out for tobacco alternatives. Thus, untapped market in emerging economies may open new avenues for the manufacturers of electronic cigarette. Whereas, prohibition on sales, promotion, and distribution of electronic cigarette in various countries and implementation of strict legal framework hampers the market growth.

Major Players: Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., and Vmr Flavours Llc

Key findings of the Electronic Cigarette Market:

  • North America is expected to maintain its dominant position in the market during the forecast period, followed by Europe.

  • The tobacco flavor segment generated the highest revenue in 2016, and is projected to grow at a CAGR of 18.0% during the forecast period.

  • Online distribution channel is anticipated to grow at the highest CAGR of 18.1% from 2017 to 2023.

  • The U.S. accounted for more than two-fifths of the market share growing at a significant CAGR of 17.4%.

  • Asia-Pacific is expected to grow at a significant CAGR of 16.9% during the forecast period.

  • Asia-Pacific and LAMEA collectively contributed approximately one-fifth share of the global market in 2016.

For more Market Insights, Visit: https://www.alliedmarketresearch.com/electronic-cigarette-market

About Us:

Allied Market Research (AMR) provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1�?�855�?�550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.