The North America E-cigarettes Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 17.6% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising adoption of the safer alternatives method of smoking, availability of different flavors available, and continuous improvement in the new products in the market.
E-cigarette or electronic cigarettes is a device consist of an inhaler, battery, and an atomizer that gives similar experience of tobacco smoking without the inhalation of the smoke inside. The e-cigarettes are filled with the solution that contains nicotine free or nicotine liquid that is heated and converted into the vapor. It is then inhaled and which is considered less harmful in comparison to normal cigarettes.
The covid-19 has mainly impacted the e-cigarettes market due to the lockdown imposed globally and restricted the trade of the products from other countries. It resulted in the lesser supply of the e-cigarettes and various black marketing related to e-cigarettes. E-cigarettes has various advantages such as no pollution, smoked at public places, decreases health related issues, and zero smoke.
Market Trends, Drivers, Restraints, and Opportunities
-
Rising awareness about the e-cigarettes is anticipated to push the market expansion in the coming years.
-
Customization available in the e-cigarettes is main factors propelling the market growth during the forecast period.
-
Health related issues and side effects associated with the usage of e-cigarettes is estimated to impede the market expansion in the coming years.
-
High cost an e-cigarette is expected to restrict the market growth during the forecast period.
-
R&D investment and technological advancement in e-cigarettes is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the North America e-cigarettes 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
|
North America E-cigarettes Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Products (Rechargeable but Disposable Cartomizer, Completely Disposable Model, and Personalized Vaporizer), Battery Modes (Manual E-cigarettes and Automatic E-cigarettes)
|
|
Geography
|
Canada, United States, and Rest of North America
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
British American Tobacco; International Vapor Group; NicQuid; Philips Morris International Inc.; Altria Group, Inc.; Imperial Brands; Japan Tobacco Inc.; JUUL Labs, Inc.; R.J. Reynolds Vapor Company; Shenzhen KangerTech Technology Co., Ltd.; and Shenzhen IVPS Technology Co., Ltd.
|
Market Segment Insights:
Rechargeable but disposable cartomizer segment is projected to account for a large market share
Based on products, the North America e-cigarettes market is divided into rechargeable but disposable cartomizer, completely disposable model, and personalized vaporizer. The rechargeable but disposable cartomizer segment is expected to constitute a key share of the market during the forecast period owing to its longer duration, affordability, and elimination of the re-purchase of supplies. However, the personalized vaporizer segment is anticipated to expand at a rapid pace during the forecast period due to high level of customization available and available of different price range.
Automatic e-cigarettes segment is projected to hold a key market share
On the basis of battery modes, the North America e-cigarettes market is segmented into manual e-cigarettes and automatic e-cigarettes. The automatic e-cigarettes segment is expected to represent a key share of the market in the coming years due to increasing demand for technological and automatic e-cigarettes and it contains less nicotine in it.
On the other hand, the manual e-cigarettes segment is anticipated to expand at a rapid pace during the forecast period owing to rising demand for cheap e-cigarettes in the region.
United States is expected to dominate the market
On the basis of geography, the North America e-cigarettes market is categorized as Canada, United States, and Rest of North America. The market of United States is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to increasing adoption of vaping devices in the country and growing demand for alternative of tobacco. On the other hand, the market of Canada is expected to exhibit a rapid growth rate in the coming years due to acceptance of e-cigarettes and vape.
Segments
The North America e-cigarettes market has been segmented on the basis of
Products
- Rechargeable but Disposable Cartomizer
- Completely Disposable Model
- Personalized Vaporizer
Battery Modes
- Manual E-cigarettes
- Automatic E-cigarettes
Geography
- Canada
- United States
- Rest of North America
Key Players
- British American Tobacco
- International Vapor Group
- NicQuid
- Philips Morris International Inc.
- Altria Group, Inc.
- Imperial Brands
- Japan Tobacco Inc.
- JUUL Labs, Inc.
- R.J. Reynolds Vapor Company
- Shenzhen KangerTech Technology Co., Ltd.
- Shenzhen IVPS Technology Co., Ltd.
Competitive Landscape
Key players competing in the North America e-cigarettes market include British American Tobacco; International Vapor Group; NicQuid; Philips Morris International Inc.; Altria Group, Inc.; Imperial Brands; Japan Tobacco Inc.; JUUL Labs, Inc.; R.J. Reynolds Vapor Company; Shenzhen KangerTech Technology Co., Ltd.; and Shenzhen IVPS Technology Co., Ltd. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
