Executive Summary
The Global Vapor Product Market was valued at USD 34.80 billion in the year 2020. In order to help smokers quit cigarettes, a variety of nicotine replacement products have come to the market including nicotine patches, gum, inhaler, lozenges and nasal spray. A recent trend is a vaping device, which is being recognized as an alternative to conventional cigarettes. Factors such as awareness about the harmful effects of conventional cigarettes, reduced tar, and carbon monoxide inhalation through an electronic cigarette, growing disposable income and rise in technological developments by vaping manufacturers are driving the growth of the market.
The coronavirus pandemic of 2020 has impacted the growth of the vapour product market. The outbreak of the novel virus caused an adverse disruption on the overall economy through halted production and logistics activities, affecting the demand and supply of vape products, globally. The shortage has also resulted in numerous incidents of black marketing for these products in European and North American countries. In order to meet the rising demand for vape products, multiple vendors adopted unique marketing strategies and offered their products via online platforms to boost product sales.
As more consumers become aware of the hazardous effects of tobacco smoking, they are introduced to new and safer smoking devices, thereby increasing the demand for these products. Based on Product, the market is segmented into E-vapes, Heat-not-Burn and Others. The E-vapes segment is expected to be the fastest-growing segment. These devices are highly customizable and include a variety of flavours that allow users to adjust the vapour output according to their preference. Moreover, growing disposable income and a rise in technological developments are driving the market for Heat-not-burn products.
Key players operating in the global vapour market include Smoore International Holdings, Imperial Brands Plc, British American Tobacco, Japan Tobacco Inc. etc. To gain a significant share in the market, the key players are now focusing on adopting strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. The leading players are initiating to produce various e-liquid flavours in the market to cater to the evolving preferences of customers, thereby propelling the market growth.
Scope of the Report
• The report presents the analysis of the Vapor Product market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses the Vapor Product Market by Value (USD Million).
• The report analyses the Vapor Product Market by Product Type (E-Vape, Heat-not-burn Others).
• The report analyses the Vapor Product Market by Distribution Channel (Retail, E-Commerce)
• The Global Vape Product Market has been analysed by Region (Americas, Europe, Asia Pacific, MEA).
• The Global Vape Product Market has been analysed by Country (United States, Canada, United Kingdom, Germany, France, Spain, China, Japan, Australia, South Korea).
• The key insights of the report have been presented through the frameworks of SWOT Analysis, Porter Five Analysis, Supply Chain. Also, the attractiveness of the market has been presented by Region, by Product Type, by Distribution Channel.
• The report tracks competitive developments, strategies, the companies analysed in the report include Smoore International Holdings Limited, Imperial Brands, Plc., British American Tobacco, Japan Tobacco, Inc., Turning Point Brands, FirstUnion, Shenzhen IPV Vaping Technology Co., Ltd, JoyeTech, Juul Labs, NJOY
Key Target Audience
• Vaping Device Makers
• E-Cigarette Companies
• Consulting and Advisory Firms
• Government and Policy Makers
• Regulatory Authorities
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Vapor Products Market: Product Overview
4. Global Vapor Products Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on Vapor Products Market
4.3 Global Vapor Products Market
5. Global Vapor Products Market: Segment Analysis
5.1 Global Vapor Products Market Segmentation, By Product Type (Value)
5.2 Competitive Scenario of Vapor Products Market: By Product Type (2020 & 2026)
5.3 By E-Vape- Market Size and Forecast (2016-2026)
5.4 By Heat-not-Burn- Market Size and Forecast (2016-2026)
5.5 By Others- Market Size and Forecast (2016-2026)
6. Global Vapor Products Market: Segment Analysis
6.1 Global Vapor Products Market Segmentation, By Distribution Channel (Value)
6.2 Competitive Scenario of Global Vapor Products Market: By Distribution Channel Type (2020 & 2026)
6.3 By Retail- Market Size and Forecast (2016-2026)
6.4 By E-Commerce- Market Size and Forecast (2016-2026)
7. Global Vapor Products Market: Regional Analysis
7.1 Competitive Scenario of Global Vapor Products Market: By Region (2020 & 2026)
8. North America Vapor Products Market: An Analysis (2016-2026)
8.1 North America Vapor Products Market by value: Size and Forecast (2016-2026)
8.2 North America Vapor Products Market: Prominent Companies
8.3 North America Vapor Products Market: Segmental Analysis
8.4 Market Segmentation By Product Type (E-Vape, Heat-not-Burn, Others)
8.5 Market Segmentation By Distribution Channel (Retail, E-Commerce)
8.6 North America Vapor Products Market: Country Analysis
8.7 Market Opportunity Chart of Americas Vapor Products Market - By Country, By Value (Year-2026)
8.8 Competitive Scenario of Americas Vapor Products Market- By Country (2020 & 2026)
8.9 United States Vapor Products Market: Size and Forecast (2016-2026)
8.10 United States Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
8.11 Canada Vapor Products Market: Size and Forecast (2016-2026)
8.12 Canada Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
9. Europe Vapor Products Market: An Analysis (2016-2026)
9.1 Europe Vapor Products Market by value: Size and Forecast (2016-2026)
9.2 Europe Vapor Products Market: Prominent Companies
9.3 Europe Vapor Products Market: Segmental Analysis
9.4 Market Segmentation By Product Type (E-Vape, Heat-not-Burn, Others)
9.5 Market Segmentation By Distribution Channel (Retail, E-Commerce)
9.6 Europe Vapor Products Market: Country Analysis
9.7 Market Opportunity Chart of Europe Vapor Products Market - By Country, By Value (Year-2026)
9.8 Competitive Scenario of Europe Vapor Products Market- By Country (2020 & 2026)
9.9 United Kingdom Vapor Products Market: Size and Forecast (2016-2026)
9.10 United Kingdom Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
9.11 Germany Vapor Products Market: Size and Forecast (2016-2026)
9.12 Germany Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
9.13 France Vapor Products Market: Size and Forecast (2016-2026)
9.14 France Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
9.15 Spain Vapor Products Market: Size and Forecast (2016-2026)
9.16 Spain Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
10. Asia-Pacific Vapor Products Market: An Analysis (2016-2026)
10.1 Asia-Pacific Vapor Products Market by value: Size and Forecast (2016-2026)
10.2 Asia-Pacific Vapor Products Market: Prominent Companies
10.3 Asia-Pacific Vapor Products Market: Segmental Analysis
10.4 Market Segmentation By Product Type (E-Vape, Heat-not-Burn, Others)
10.5 Market Segmentation By Distribution Channel (Retail, E-Commerce)
10.6 Asia-Pacific Vapor Products Market: Country Analysis
10.7 Market Opportunity Chart of Asia-Pacific Vapor Products Market - By Country, By Value (Year-2026)
10.8 Competitive Scenario of Asia-Pacific Vapor Products Market- By Country (2020 & 2026)
10.9 China Vapor Products Market: Size and Forecast (2016-2026)
10.10 China Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
10.11 Japan Vapor Products Market: Size and Forecast (2016-2026)
10.12 Japan Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
10.13 South Korea Vapor Products Market: Size and Forecast (2016-2026)
10.14 South Korea Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
10.15 Australia Vapor Products Market: Size and Forecast (2016-2026)
10.16 Australia Vapor Products Market Segmentation By Product Type, By Distribution Channel (2016-2026)
11. Global Vapor Products Market Dynamics
11.1 Global Vapor Products Market Drivers
11.2 Global Vapor Products Market Restraints
11.3 Global Vapor Products Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness Chart of Global Vapor Products Market - By Product Type (Year 2026)
12.2 Market Attractiveness Chart of Global Vapor Products Market - By Distribution Channel (Year 2026)
12.3 Market Attractiveness Chart of Global Vapor Products Market - By Region (Year 2026)
13. Competitive Landscape
13.1 Market Share of global leading companies
13.2 SWOT Analysis- Global Vapor Products Market
13.3 Porter Five Force Analysis- Global Vapor Products Market
13.4 Supply Chain Analysis-Global Vapor Products Market
14. Company Profiles (Business Description, Financial Analysis, Business Strategy)
14.1 Smoore International Holdings Pvt Ltd
14.2 Imperial Brands, Plc.
14.3 Japan Tobacco, Inc
14.4 British American Tobacco
14.5 Turning Point Brands
14.6 FirstUnion
14.7 Shenzhen IPV Vaping Technology Co., Ltd
14.8 JoyeTech
14.9 Juul Labs
14.10 NJOY
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