The United States e-cigarette and vape market attained a value of around USD 12.8 billion in 2019. The industry is further expected to grow in the forecast period of 2020-2025 at a CAGR of nearly 25% to reach approximately USD 48.9 billion by 2025. The growing penetration of these products among the younger generation is expected to stimulate the growth in the industry during the forecast period of 2020-2025.
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Properties and Applications
E-cigarette means a cigarette-shaped device that stimulates a smoking tobacco experience without inhaling tobacco. An E-cigarette comprises of a pump, atomizer, as well as e-liquid. E-cigarettes assist smokers in quitting smoking. E-cigarettes are preferable to traditional cigarettes because they do not lead to illness or death.
Based on type, the industry is divided into:
Based on the component, the industry can be divided into:
The industry can be broadly categorised based on composition into:
Based on the battery mode, the industry is divided into:
The distribution channels can be divided between online and offline.
The EMR report looks into the major regional markets in the United States e-cigarette and vape market like New York, California, Florida, and Texas, among others.
Due to numerous studies by medical associations which consider e-cigarettes safer than traditional cigarettes, the market is being supported by the increasing awareness among young people. In addition, vendors' customising options, as well as continuous developments in the development of new products, are likely to propel the market growth further in the forecast period. Furthermore, the cost-efficiency of these products has also increased the consumer acceptance.
The stringent rules laid down by local governments in different countries, including the United States and Germany, have limited the market expansion. The manufacture and selling of vapour products have been banned by many countries, which in turn has led to lower prices.
The report presents a detailed analysis of the following key players in the United States e-cigarette and vape market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 United States E-Cigarette and Vape Market Analysis
6.1 Figure: United States E-Cigarette and Vape Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Figure: United States E-Cigarette and Vape Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.2.3 Modular Devices
6.3 Figure: United States E-Cigarette and Vape Market Breakup by Component: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Vape Mod
6.4 Figure: United States E-Cigarette and Vape Market Breakup by Composition: Historical Market (2015-2019) & Forecast (2020-2025)
6.5 Figure: United States E-Cigarette and Vape Market Breakup by Battery Mode: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Figure: United States E-Cigarette and Vape Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
6.7 Figure: United States E-Cigarette and Vape Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 New York
7 United States E-Cigarette and Vape Price Analysis
8 SWOT Analysis
9 Porter’s Five Forces Analysis
9.2 Buyer’s Power
9.3 Supplier’s Power
9.4 New Entrants
9.5 Degree of Rivalry
10 EMR’s Key Indicators for Demand
11 EMR’s Key Indicators for Price
12 Competitive Landscape & Supplier Analysis
12.1 Reynolds American Inc. (NYSE: RAI)
12.1.1 Company Overview
12.1.2 Financial Analysis
12.2 Imperial Brands Plc (LON: IMB)
12.2.1 Company Overview
12.2.2 Financial Analysis
12.3 JUUL Labs, Inc.
12.3.1 Company Overview
12.3.2 Financial Analysis
12.4 Altria Group, Inc. (NYSE: MO)
12.4.1 Company Overview
12.4.2 Financial Analysis
12.5 Philip Morris International Inc. (NYSE: PM)
12.5.1 Company Overview
12.5.2 Financial Analysis
12.6 International Vapor Group (OTCMKTS: VPOR)
12.6.1 Company Overview
12.6.2 Financial Analysis
12.7 British American Tobacco
12.7.1 Company Overview
12.7.2 Financial Analysis
12.8 Shenzhen IVPS Technology Co., Ltd.
12.8.1 Company Overview
12.8.2 Financial Analysis
13 Events and Developments
Additional Customization Available:
14 Global Trade Data Analysis
14.1 Major Exporting Countries: By Value and Volume
14.2 Major Importing Countries: By Value and Volume
15 Manufacturing Process
15.1 Detailed Process Flow
15.2 Operations Involved
15.3 Mass Balance
16 Production Cost Analysis
16.1 Land, Location and Site Development
16.3 Plant Machinery
16.4 Cost of Raw Material
16.9 Other Capital Investment
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