The Europe e-cigarette market is estimated to grow at a significant CAGR during the forecast period, 2021-2028. The growth of market is attributed to rising health concern, desire or attempt to quit/decrease consumption of traditional cigarettes, involves low-risk factor comparatively to combustible cigarettes.
Specialist retail stores such as vape shops and tobacconist is discovered to be one of the popular channel among the population and millennial.
The demand for dual-use segment has increased significantly in e-cigarette segment and is estimated to drive the market for next few years.
In the year 2018 it is reported male users as compared to the females acquires a large market share but over the period the female smokers increased positively by targeting the prospect market such as Germany and United Kingdom.
Amid the COVID-19 outbreak many vape vendors adopted marketing strategies to boost the sale of their product, as the availability of e-cigarettes and its supplies are scares in physical form they started offering the products through online platform and offered masks and sanitizers on every purchase of vaping products.
The report on the Europe e-cigarette market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Europe E-cigarette market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Product (Completely Disposable Model, Rechargeable but Disposable Cartomizer, and Personalized Vaporizer), Battery Model (Automatic E-Cigarette and Manual E-Cigarette) |
Geographical Scope |
United kingdom, Italy, Spain, France, Germany, Russia, Rest of Europe |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Imperial brand plc; Japan tobacco Inc; Altria group, Inc; Philip Morris international; British American Tobacco Inc. |
Based on products, the market is fragmented into completely disposable model, rechargeable but disposable cartomizer, and personalized vaporizer. The rechargeable but disposable cartomizer is estimated to account key share of the market in the coming years owing to its long life and tends to be affordable. However completely disposable model segment is estimated to grow at a steady rate due to continuous purchase of e-cigarettes after the disposal of the last one tend to be expensive.
On the basis of battery model, the market is bifurcated into automatic e-cigarette and manual e-cigarette. The automatic battery segment is anticipated to exhibit a high CAGR during the forecast period due to user-friendly and factors like traditional cigarette and low battery drainage.
In terms of geographies, the market is segregated into the United Kingdom, Italy, Spain, France, Germany, Russia, and Rest of Europe. The UK is estimated to hold a significant market share owing to rising number of user because of health concerns and support from authorities, and the country believe it involves low-risk factor as compared to the conventional form of cigarette making them one of the major market in Europe.
The europe e-cigarette market has been differentiated on the basis of
Key players competing in the Europe e-cigarette market include Imperial brand plc; Japan tobacco Inc; Altria group, Inc; Philip Morris international; British American Tobacco Inc.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In January 2019, Japan tobacco Inc. launched two new tobacco vape products under their brand name Ploom they are Ploom TECH+ and Ploom S.
In August 2021, Japan tobacco Inc. launched a variety of e-cigarette naming Ploom X a next generation heated tobacco device available across Japan.
In May 2021, British American Tobacco Inc. becomes the first global carbon neutralize brand.
In October 2021, British American Tobacco Inc. announced their product vuse solo to receive US FDA vapour marketing authorization, confirming VUSE solo products are appropriate for the public health, innovative and less harmful alternative as compared to traditional cigarette.
The europe e-cigarette market has been differentiated on the basis of
Key players competing in the Europe e-cigarette market include Imperial brand plc; Japan tobacco Inc; Altria group, Inc; Philip Morris international; British American Tobacco Inc.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In January 2019, Japan tobacco Inc. launched two new tobacco vape products under their brand name Ploom they are Ploom TECH+ and Ploom S.
In August 2021, Japan tobacco Inc. launched a variety of e-cigarette naming Ploom X a next generation heated tobacco device available across Japan.
In May 2021, British American Tobacco Inc. becomes the first global carbon neutralize brand.
In October 2021, British American Tobacco Inc. announced their product vuse solo to receive US FDA vapour marketing authorization, confirming VUSE solo products are appropriate for the public health, innovative and less harmful alternative as compared to traditional cigarette.
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