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E-Cigarette And Vape Market Size, Growth | Industry Report, 2026

Global e-cigarette and vape market was valued at USD 14.2 Billion in 2019, and is expected to grow at CAGR of 22.5% over forecast period 2020-2026.

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E-Cigarette And Vape Market Size, Growth | Industry Report, 2026

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  1. WelcomeToDataIntelo

  2. E-Cigarette And Vape Market Size, Growth | Industry Report, 2026 • Global e-cigarette and vape market was valued at USD 14.2 Billion in 2019, and is expected to grow at CAGR of 22.5% over forecast period 2020-2026. Availability of a variety of e-cigarette options, increasing product demand from millennials and cost-effectiveness of disposable models of e-cigarettes are the factors anticipated to drive the market. • Market Trends, Drivers, Restraints, and Opportunities: • Growing demand for flavored vapes among smokers is driving the global E-cigarette and vape market. • Individuals are increasingly adopting these devices to reduce or quit smoking conventional cigarettes. This is another factor surging the demand for vape pens. • Stringent regulations levied by government authorities in some countries are a key factor restraining the growth of the market. • Continuous developments in e-cigarette technology are creating opportunities in the global market.

  3. Scope of the report: The report on the e-cigarette and vape market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=5147

  4. E-Cigarette and Vape Market Segment Insights: Reusability of the device is driving the growth of the rechargeable segment of the market. Based on types, the e-cigarette and vape market has been segmented into disposable, rechargeable, and modular devices. The rechargeable segment held a larger share of the market and is expected to continue this trend during the forecast period. Growth of the segment is attributed to the reusability for a longer duration by changing the shell containing the e-liquid. The modular devices segment is expected to grow as these offer customization options that enable users to change the flavor by clubbing different parts of the device. Moreover, pod device technology has resulted in the increase demand for this vape. Substantial increase in the usage of vape in power generation and HVAC systems is driving the market growth On the basis of sales channels, the e-cigarette and vape market has been segmented into online stores, convenience stores, vape shops, tobacco shops, department stores, drug stores, and others. The online stores segment is expanding at a substantial pace, as selling through websites offer customers a wide variety of selection as compared to other channels. Moreover, selling through websites reduces the cost of the commodity.

  5. North America to lead the global market due to the presence of many market participants in the region • In terms of region, the global e-cigarette and vape market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for a substantial share of the market in 2019 and is projected to grow at a considerable pace during the forecast period rate owing to the presence of key market participants in the region. The youth in the region are adopting vapes at a rapid pace as an alternative to tobacco. This is fueling the growth of the market in the region and creating new growth opportunities. • Competitive Landscape: • Key participants in the global e-cigarette and vape market include Fontem, NJOY, 1111 EC Services Ltd., Turning Point Brands, ProVape Enterprise, Inc., HugeDomains.com, and Truvape. They engage in strategies such as mergers & acquisitions, collaborations agreements, and partnerships. Some of the key participants are adopting innovative methods for the product launch to strengthen their geographical presence. • Segments Covered in the Report • The global e-cigarette and vape market has been categorized based on types, sales channels, and regions. • By Types • Disposable • Rechargeable • Modular Devices

  6. By Sales Channels • Online Stores • Convenience Stores • Vape Shops • Tobacco Shops • Department Stores • Drug Stores • Other • By Regions • North America • Europe • Asia Pacific • Latin America • Middle East & Africa • Discover More @ https://dataintelo.com/

  7. Thank You

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