The new report by Expert Market Research titled, ‘United States E-Cigarette and Vape Market Trends, Price, Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the United States E-Cigarette and Vape Market, assessing the market based on its segments like types, component, composition, battery mode, distribution channel, and major region.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the critical demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/us-e-cigarette-and-vape-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 12.8 Billion
• Forecast CAGR (2023-2028): 25%
• Forecast Market Size (2026): USD 48.9 Billion
The rapid expansion of vape shops in the United States has resulted in an increase in the market for e-cigarettes and vapes. Additionally, the growing popularity of e-cigarettes among the youth population is further propelling the market. A growing number of tobacco-related cancer cases in the US have prompted the patients to look out for alternatives for substituting cigarette smoking, which is also catalyzing the market. A considerable percentage of the US population uses e-cigarettes and vapes to help them quit smoking, which is responsible for an escalating CAGR in the forecast period.
United States E-Cigarette and Vape Industry Definition and Major Segments
An electronic cigarette (e-cigarette) is a battery-powered device that simulates the act of smoking tobacco. It comprises an atomizer, a power source (typically a battery), and a container (typically a cartridge or tank). The user inhales vapor rather than smoke. These products are available in both non-nicotine and nicotine forms, which has resulted in a large section of the population considering these devices to be a superior alternative.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/us-e-cigarette-and-vape-market
The market can be divided into the following segments by type:
• Modular Devices
On the basis of component, the market is divided into:
• Vape Mod
• E- Liquid
The industry can be broadly categorized based on composition into:
According to the battery mode, the market is bifurcated into:
Basis distribution channel, the market is segmented into:
The leading regional markets for the US e-cigarette and vapes are:
• New York
United States E-Cigarette and Vape Market Trends
Increasing consumption of e-cigarettes and vape mods by the consumers is considered as a substitute for traditional cigarettes. The market is expected to expand significantly as a result of growing health concerns regarding the use of conventional tobacco cigarettes. By type, the rechargeable segment is anticipated to lead the market owing to its low costs along with its refillable and reusable properties.
However, over the forecast period, the modular devices segment is expected to experience the fastest owing to their larger batteries and increased capacity for e-liquid. By component, the vape mod segment is leading the market, attributing to its flexible properties like controls of temperature, power, and vapor production. The popularity of retail stores in the US has resulted in a high share of the offline distribution channel of e-cigarettes and vapes in the region.
Personalized vaporizers are still the most recent development in the market, formulated by major e-cigarette manufacturers. These advanced models deliver the optimal vaping experience and are designed to meet the demands of the most active and regular vapers. However, strict regulations on the usage of e-cigarettes and vapes in many countries have hampered the expansion of the market. Numerous countries have prohibited the manufacture and sale of vapor products, resulting in lower prices.
Key Market Players
The major players in the market are 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., among others The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of the key market players.
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: John Walker, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA