NEW YORK, April 16, 2021 /PRNewswire/ --
The e-cigarette market is expected to grow by USD 14.39 billion, progressing at a CAGR of about 11% during the forecast period.
NEW YORK, April 16, 2021 /PRNewswire/ --
The e-cigarette market is expected to grow by USD 14.39 billion, progressing at a CAGR of about 11% during the forecast period.
The increasing investments by vendors in the global e-cigarette market is one of the major factors propelling the market growth. However, the stiff competition from other nicotine products will hamper the market growth.
E-cigarette Market: Product Landscape
Based on the product, the market witnessed maximum growth in the modular e-cigarette segment in 2020. The segment is driven by the launch of new products. The market growth in the modular e-cigarette segment will be significant over the forecast period.
E-cigarette Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 37% of the market's overall growth is expected to originate from North America. Increasing promotional activities by vendors are driving the growth of the e-cigarette market in North America.
The US is one of the key markets for e-cigarette in North America. Market growth in this region will be slower than the growth of the market in other regions.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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