E-cigarettes are expected to grow rapidly between 2015 and 2025.
The global e-cigarette market is expected to grow to $50 billion by 2025, according to CARG estimates, with a CAGR of 22.36% from 2015 to 2025. The market will grow at a staggering pace until 2017, when most of the regulatory bills have been put in place. The growth rate will accelerate thereafter, with staggering revenues coming from two emerging markets, APAC and Europe.
On the other hand, the monopoly position of disposable e-cigarettes will soon be usurped by permanent e-cigarette products in the world market since 2014. According to predictions, the US market will continue to have overwhelming revenue, however, China is having an extremely fast CAGR growth rate and will soon become the country with the second highest total revenue by the end of 2025.
Disposable e-cigarettes will be replaced by permanent e-cigarettes
The aspects of the e-cigarette market including Porter’s Five Forces model, market dynamics, key consumers, legislation and regulatory bodies, market analysis from key products and geographies have been meticulously compiled and analyzed. The market value holds a significant part in the report, as it is the revenue from the sale of e-cigarette products and related products such as cartridges , e-liquids and other accessories sold directly in stores and through direct sales channels that are examined to calculate the market size.
While highlighting the key drivers or restraints for the growth of this booming market, the report also provides a section on prominent corporations, regulatory bodies and their roles in the e-cigarette industry.
