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United States E-Cigarette and Vape Market: By Type: Disposable, Rechargeable, Modular Devices; By Component: Atomizer, Vape Mod, Cartomizer, E-liquid; By Composition: Tobacco, Flavours, Nicotine-Free; By Battery Mode: Automatic, Manual; By Distribution Channel: Online, Offline; By Region: New York, California, Florida, Texas, Others; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Production Cost Analysis

United States E-cigarette and Vape Market Key Insights:

 

  • Market Overview
  • Market Opportunities
  • Breakup by Region
  • Historical Market Size 2015-2019
  • Competitive Landscape
  • SWOT Analysis
  • Market Forecast 2020-2025
  • Events and Developments
  • Demand Indicators

 

Market Outlook

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.

United States E-Cigarette and Vape Market Report and Forecast 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:

  • Disposable
  • Rechargeable
  • Modular Devices

Based on the component, the industry can be divided into:

  • Atomizer
  • Vape Mod
  • Cartomizer
  • E-liquid

The industry can be broadly categorised based on composition into:

  • Tobacco
  • Flavours
  • Nicotine-free

Based on the battery mode, the industry is divided into:

  • Automatic
  • Manual

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.

Market Analysis

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.

Competitive Landscape

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:

  • Reynolds American Inc. (NYSE: RAI)
  • Imperial Brands Plc 
  • JUUL Labs, Inc.
  • Altria Group, Inc. 
  • Philip Morris International Inc. 
  • International Vapor Group 
  • British American Tobacco
  • Shenzhen IVPS Technology Co., Ltd.
  • Others

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:

  • How has the United States e-cigarette and vape industry performed in the previous years (2015-2019)?
  • What is the forecast assessment of the market for 2020-2025?
  • What are the major drivers of the historical (2015-2019) and forecast (2020-2025) periods?
  • What are the major constraints of the historical (2015-2019) and forecast (2020-2025) periods?
  • What are the major price indicators of the United States e-cigarette and vape industry?
  • What are the major demand indicators of the regional market?
  • What are the price trends in the United States e-cigarette and vape industry?
  • Who are the key manufacturers in the regional market?
  • What is the degree of competition in the United States e-cigarette and vape industry?
  • What are the major events and developments taking place within the regional industry?

1    Preface
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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)
        6.2.1    Disposable
        6.2.2    Rechargeable
        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)
        6.3.1    Atomizer
        6.3.2    Vape Mod
        6.3.3    Cartomizer
        6.3.4    E-liquid
    6.4    Figure: United States E-Cigarette and Vape Market Breakup by Composition: Historical Market (2015-2019) & Forecast (2020-2025)
        6.4.1    Tobacco
        6.4.2    Flavours
        6.4.3    Nicotine-Free
    6.5    Figure: United States E-Cigarette and Vape Market Breakup by Battery Mode: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    Automatic
        6.5.2    Manual
    6.6    Figure: United States E-Cigarette and Vape Market Breakup by Distribution Channel: Historical Market (2015-2019) & Forecast (2020-2025)
        6.6.1    Online
        6.6.2    Offline
    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
        6.7.2    California
        6.7.3    Florida
        6.7.4    Texas
        6.7.5    Others
7    United States E-Cigarette and Vape Price Analysis
8    SWOT Analysis

    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Porter’s Five Forces Analysis
    9.1    Overview
    9.2    Buyer’s Power
    9.3    Supplier’s Power
    9.4    New Entrants
    9.5    Degree of Rivalry
    9.6    Substitutes
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
    12.9    Others
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
    16.2    Construction
    16.3    Plant Machinery
    16.4    Cost of Raw Material
    16.5    Packaging
    16.6    Transportation
    16.7    Utilities
    16.8    Manpower
    16.9    Other Capital Investment

Analyst Review

Introduction

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Exigent Data Assessment

Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.

Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.

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