E-cigarette, a battery operated device, is considered a safe and sound alternative to smoking cigarettes. Large tobacco companies have introduced these vaping devices through competent brands catering for different requirements and tastes. These companies have flourished a lot by enhancing the quality and level of customization of their products. In the meanwhile, the same went on with the vaping industry.
Over the years and especially for the last decade, the vaping industry is constantly on the boom. There are a lot of factors behind this boom which have revealed to us during our research about this industry. We took a detailed review of the industry from 2013 to 2018 and also made our forecasts about its future prospects from 2019 to 2025.
To tell you the areas of our review regarding the vaping industry, these are market status, market share, growth rate, market drivers, opportunities and challenges, sales channels, distributers, future trends, risks and entry barriers. Besides, our study also covers the worldwide E-cigarette and vaping market size (value, production and consumption).
Our Findings about the Current Status of the Vaping Industry
What we found is as follows:
- On the basis of composition, we found that the vaping market is categorized into diluents, nicotine, various flavours and E-liquids. All these are widely available from a lot of great manufacturers who have displayed their devices online, say, ccell dart oil vape pen, etc.
- So far as the product types are concerned, the vaping market is segmented into personal vaporizers and mods, E-pipes, rechargeable e-cigarettes, disposable E-cigarettes, E-go electronic cigarettes and tanks, E-cigars and other products.
- Talking about the components, the vaping market is segregated into rebuilder atomizer, cartridges, clearomizer, battery, atomizer and cartomizer. Here, once again, a lot of quality products like ccell cartridges, etc. are easily available in the market.
- On the basis of distribution channel, the vaping market is bifurcated into retail and online.
What We Forecast about the Vaping Industry
As per above observations, the global E-cigarette market seems well balanced in all respects and inclined to grow even stronger during the forecast period of 2019 to 2025. During this period, we expect to see prominent improving trends in device technology and product innovation, combination of E-cigarette and cannabis industry, recent technological developments of E-cigarettes and vaporizer and growth or investment opportunities.
Those concerned with this industry should focus on market trends, supply chain trends, leading players, technological innovations, key developments and future strategies. Across the major regions like North America, Europe, Asia Pacific, Middle East, Latin America and the others, the comprehensive market assessment of the vaping industry will prove a real asset for the existing players, new comers and the future investors.