The Worldwide Urge To Quit Smoking Will Be A Boosting Factor For The Growth Of The Global Vape Industry
Wiseguyreports.Com Adds “Vape – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2026” To Its Research Database.
Market Overview:
A vaper or the act of vaping commonly means using an e-cigarette. An electronic cigarette user inhales aerosol instead of regular tobacco smoke. This electronic version of cigarette heats up a specific liquid that produces the smoke that people can take a puff of. These models are mostly reusable. Vape models of cigarettes were introduced into the market in 2003 and since then, they have been widely promoted as a healthier alternate to smoking.
Though a vape does contain certain chemicals and a small amount of tobacco, they are certainly less harmful than regular cigarettes and this point has been the industry’s success. E-cigarettes can be reused and they are easy to store and use. This has also been a positive point to the growth of this market. With people considering vapes as a smoking cessation tool, the demand for these products has increased in the last few years. The fact that vaping can also be addictive is a factor that will hinder the market growth.
This report talks about the past and the current trends of the global vape market and uses various primary and secondary research data to forecast the growth of the market in the coming years. The various opportunities and restraints for the market growth are also explained in detail in the report. The analysts have given an overall global view, a closer regional view and even individual company level view of the market conditions and its growth aspects for the years 2019-2026.
Major Players in Vape market are:
Gamucci
Ballantyne Brands
Nicotek
RRR Chemicals
CB Distributors
Altria Group
NJOY
Japan Tobacco
Imperial Brands
Vapor
VMR Products
ECIG
Reynolds American
White Cloud
British American Tobacco (BAT)
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Market Segmentation:
There are two basic types of vape products available in the market and this report discusses in detail both the types. In Open system vape products, the e-liquid has to be filled in manually once they get over. In closed system vape products, there is a pre-filled tank which can be screwed in to the main battery part. The clear demand and supply of both these types and their estimated revenue and CAGR are both investigated in the report. This study also analyzes the downstream fields where these products are sold. It talks about convenience stores, vape shops, tobacco shops, drug stores, and grocery stores.
Regional Analysis:
Regions and countries like North America, China, Japan, Europe, South America, India and the Middle East and Africa are those that have shown promising growth when it comes to the supply and demand of vape products. The dynamics, opportunities, limitations, and risks of running this industry in these regions are analyzed in detail by the report. This also talks about the key players in each of these regions and their growth and expansion opportunities for the forecasted years. The presence of sub-markets and their scope for growth is also discussed.
Industry News:
The United States has been witnessing a condition called ‘vaping-related illness. The symptoms seem to be shortness of breath, chest pain and tiredness. The Centers of Disease Control and Preventionhas concluded in early October that about 1080 patients in 48 states have been identified with the condition to date.
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