Great Financial Rewards Expected for E-cigarette Market
October 02, 20232 min read
HTF Market Intelligence recently published its latest survey report on the e-cigarette market in 2013-2018, and a forecast to 2025. One of the leading providers of comprehensive and accurate research data, HTF MI highlights detailed market analysis and global e-cigarette market forecasts.
This study captures various facets of the e-cigarette market, making it a valuable contribution to the future of the industry. The findings are beneficial to key players including managers, analysts, manufacturers, and other key persons. It is divided into key regions, reporting findings on manufacturing, consumption, and revenue (million USD) in North America, Europe, China, India, Southeast Asia and Japan.
The research provides a detailed look at the current status of the global e-cigarette market. It also covers the market’s potential growth rates. The predicted rates are based on the trend over the previous 5 years, with consideration of the company profile of key players and manufacturers. Included in the research is an in-depth analysis of the online and retail segments and their impacts on the overall market. This information allows stakeholders to monitor short to long-term profitability of the e-cigarette market. It also facilitates key players’ ability to make prudent strategic decisions for future growth. In 2014, the retail segment owned 72% of the market due to huge sales at US retail outlets like Wal-Mart, Sainsbury’s and Tesco.
One can infer from these findings that the increased popularity of e-cigarettes can be attributed to their relatively low cost. Compared to traditional cigarettes, e-cigarettes are much more affordable. The research indicates that an increase in demand for this alternative to tobacco cigarettes is imminent. The market is already growing at an exponential rate.
Information obtained from the research reveals recent trends, which are displayed in detailed tables and graphs. The research also highlights manufacturing best practices, emerging technologies, market changes, and challenges.
Among the manufacturers that dominate the market are Truvape, Shenzhen Jieshibo Technology, Blu eCigs, International Vaporgroup, and Njoy. The research noted that technological innovation is giving rise to increased competition and many vendors are offering more customized products to satisfy their varied customer base. Also, product types such as cigalikes, mods, and eGos are the top contenders for securing their place in the global e-cigarette market.