Boston, MA -- (SBWIRE) -- 09/07/2016 -- Vape Market (e-Cigarette and Vaporizer) Market - Report Insights

A vape product or broadly known as e-cigarette, electronic cigarette, and vaporizer is a battery operated device and has been reckoned as an alternative to traditional tobacco cigarettes by many vendors. Without the inhalation of smoke, it gives the experience of tobacco smoking where the user inhales the vaporized nicotine emitted by the device. Vape products are smoke and tobacco-free consumer products. These are also designed and used as a tobacco harm reduction (THR) product and are sold as medical devices in many countries. The major turning point for the vape product market was the year 2014 as the market witnessed a record number of major acquisitions, the launch of technologically advanced product, patent warfare, and the introduction of government regulations.

Get More Details on this Report and a Full Table of Contents at Global Vape Market (e-Cigarette and Vaporizer) - Strategic Assessment and Forecast Till 2021

The effects of vaping on the human body are not yet fully known. However, they are considered less toxic than traditional tobacco cigarettes because they produce vapor instead of smoke. They are considered as an effective method that helps smokers quit smoking, though there is no scientifically grounded evidence for this.

Vape market (e-Cigarette and Vaporizer) research report covers the present scenario and the growth prospects of the Worldwide Vape Products (e-Cigarette and Vaporizer) Market for the period 2015-2021. The report provides in-depth analysis of market size and growth of Worldwide Vape market. This market research report includes a detailed market segmentation of the Worldwide Vapor Products Market by

Vape (e-Cigarette and Vaporizer) Products Segmentation

1) Closed System Vape Products
1.1) Cigalikes (also known as disposables/first-generation e-cigarette)
1.2) Rechargeables (also known as second-generation e-cigarette)
1.3) Refill Cartridges

2) Open System Vape Products
2.1) Vapor/tanks/mods or VTMs (also called personal vaporizer/modulars/electronic cigarette/third-generation e-cigarette)
2.2) E-liquids/e-juices

Vape (e-Cigarette and Vaporizer) Products Geographic Segmentation

1) North America
2) Europe
3) APAC
4) ROW

Vape (e-Cigarette and Vaporizer) Products Distribution Channels

1) Online
2) Retail
2.1) Convenience stores
2.2) Vape shops
2.3) Tobacco shops
2.4) Grocery
2.5) Drug stores
2.6) Others

The report also provides market share and profiles the key vendors operating in the Worldwide Vape Products Market and also provides the detailed competitive landscape of key players.

Vape (e-Cigarette and Vaporizer) Products - Market Size and Dynamics

A vaping device or vapor product is a battery-powered inhaler that simulates tobacco smoking. It is designed to provide inhaled doses of e-juice by vaporizing the flavored liquid, and then simulating the effects of smoking by vaporizing the liquid, which the user inhales and exhales. A vaping device, also known as an e-vaping device, a personal vaporizer, or an ENDS uses a heating element to vaporize the flavored liquid. The e-juices in the market are available in more than 3,000 flavors with many more being added every month.

Vape products are broadly classified into two categories: closed systems (cigalikes, rechargeables, and refill cartridges) and open systems (VTMs and e-liquids). Market research analysts at Beige Market Intelligence, expect the Worldwide Vape Products Market to reach approx. US$32.11 billion by 2021.

The Worldwide Vape Products market has been segmented on the basis of distribution channels and geographical region. North America accounted for the largest market share of more than 40% of the market in 2015; it is expected to grow at a high CAGR of around 27% between 2015 and 2021. However, APAC market is expected to account for a share of around 21% of the market in 2021.

Vape (e-Cigarette and Vaporizer) Products - Drivers and Trends

Companies Mentioned in this Report: Altria Group, Ballantyne Brands, British American Tobacco (BAT), CB Distributors, ECIG, Gamucci, Imperial Brands, Japan Tobacco, Nicotek, NJOY, Reynolds American, RRR Chemicals, Vapor, VMR Products, White Cloud

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