U.S. E-cigarette And Vape Market Revenue Drivers, Growth Opportunities, Supply Chain Analysis and Forecast Research Report Till 2025
“The U.S. e-cigarette and vape market size is projected to be USD 18.5 billion by 2025. The market is likely to register over 24% CAGR during the forecast years, as per a new study by Million Insights.”
The U.S. E-cigarette And Vape Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The U.S. e-cigarette and vape market size is projected to be USD 18.5 billion by 2025. The market is likely to register over 24% CAGR during the forecast years, as per a new study by Million Insights. E cigarette and vape are known to protect against direct exposure to smoke and offer an alternative t o conventional cigarettes. This benefit has led to a rise in the number of millennials in the U.S preferring this over conventional cigarettes. Key Players:
Reynolds American Inc. Imperial Brands Altria Group, Inc. Japan Tobacco Inc. Philip Morris International International Vapor Group British American Tobacco Nicquid Shenzhen IVPS Technology Co., Ltd. Shenzhen KangerTech Technology Co., Ltd.
Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/us-e-cigarette-vape-market/request-sample Growth Drivers: Owing to the increasing demand, market players are estimated to speed up their research and development operation, which in turn, is projected to drive the market further. Batteries operate Ecigarette and vaping devices and it releases vaporized nicotine for inhaling. It gives a similar feeling as a smoking regular cigarette; however, direct smoke inhalation is not involved here. Moreover, companies are focusing on introducing customized products to attract millennials consumers. Owing to the availability of e-cigarette in various flavors, several consumers are preferring e-cigarette over the conventional cigarette. However, stringent regulations pertaining to consumption of e-cigarette in the United States is likely to hamper the e-cigarette and vape market growth. Product Outlook:
Disposable Rechargeable Modular Devices
Component Outlook:
Atomizer Vape Mod Cartomizer E-liquid
Distribution Channel Outlook:
Online Retail Store o Convenience Stores o Drug Stores o News Stands o Tobacconist o Specialty E-cigarette Stores
Based on the distribution channel, the retail store is likely to emerge as the dominant segment by 2025. Retail stores, also known as vape shops, allow consumers to check different flavors available. Customer prefers these shops owing to instant availability. In the recent past, there has a significant rise in the number of vape shops in the country. On the other hand, the online segment is likely to register the maximum growth over the next six years. Owing to the stringent regulation regarding sales and distribution through retail store, online stores are gaining popularity. Additionally, social media sites are used to promote e-cigarettes, which in turn, further attract online sales. Buyers looking for bulk orders find online platforms suitable. In addition, wide product availability on online platforms drives its growth. Browse Related Category Research Reports @ https://industryanalysisandnews.wordpress.com/
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters
Asia Pacific
Million Insights
Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 1-408-610-2300 Email: sales@millioninsights.com
Phone: 91-20-65300184 Email: sales@millioninsights.com