Business Description
Global E-Cigarette Market was valued US$ 9.5 Bn in 2017 and is expected to reach US$ 28.10 Bn by 2026, at a CAGR of 14.52% during a forecast period.
Based on the battery mode, the automatic e-cigarette is expected to lead the market growth due to the rising popularity of automation among the consumers across the globe. The automatic e-cigarette has features such as easily operate and less electricity consumption are also fueling the market growth in a positive way. On the basis of a distribution channel, an online segment is expected to hold the largest share in the market owing to the rising popularity of e-commerce website, online retailing provides more discounts and wider options to purchase. The online platform becomes popular due to that it provides the delivery to the doorstep by order of products.
Major driving factors of the market are rising consciousness regarding health issues due to smoking tobacco cigarette and reduce the risk of cancer. Rising e-Commerce industry across the globe is propelling the growth of this market. Growing investments in an e-cigarette are boosting the market size. The e-cigarette is less harmful as e-cigarette has less amount of toxic than the conventional cigarette is expected to propel the market growth in the forecast period. In addition, increasing technological advancements, the rise in influence of western culture, growing disposable income, and changing living standards of consumers are other driving factors of the e-cigarette market.
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Global E-Cigarette Market
This report published by
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