Global E-cigarette And Vape Market Size & Outlook
Global e-cigarette and vape market, 2018-2030 (US$M)
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Global e-cigarette and vape market highlights
- The global e-cigarette and vape market generated a revenue of USD 28,171.7 million in 2023 and is expected to reach USD 182,843.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 30.6% by 2030.
- In terms of segment, rechargeable accounted for a revenue of USD 12,250.4 million in 2023.
- Modular Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 28,171.7 million |
| Market revenue in 2030 | USD 182,843.0 million |
| Growth rate | 30.6% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Modular Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Disposable, Rechargeable, Modular Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 43.9% of the global e-cigarette and vape market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 1,589.7 million by 2030.
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E-cigarette And Vape Market Scope
E-cigarette And Vape Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global e-cigarette and vape market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to e-cigarette and vape market will help companies and investors design strategic landscapes.
Rechargeable was the largest segment with a revenue share of 43.48% in 2023. Horizon Databook has segmented the Global e-cigarette and vape market based on disposable, rechargeable, modular devices covering the revenue growth of each sub-segment from 2018 to 2030.
E-cigarettes in today's time have Temperature Control (TC) function that controls the coil temperature to produce large quantity of vapor and provide enhanced e-liquid flavor. Temperature control offers an enhanced vaping experience without burning the coil as it automatically cuts out the power when the coil exceeds a certain temperature.
Temperature control is an effective function in an e-cigarette, as it increases safety of the devices and it protects the coil that enables it to be used for a longer time thus saving cost. Temperature control mods further saves battery life by consuming less power thus reducing battery charging cycles and improving battery operational life.
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Target buyers of Global e-cigarette and vape market databook
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Our clientele includes a mix of e-cigarette and vape market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global e-cigarette and vape market , including forecasts for subscribers. This global databook contains high-level insights into Global e-cigarette and vape market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global e-cigarette and vape market size, by regions, 2018-2030 (US$M)
Top 10 countries: E-cigarette and vape market size, 2023 (US$M)
Global e-cigarette and vape market share, by product, 2023 & 2030 (%, US$M)
E-cigarette and vape market: Opportunity assessment by country
Global e-cigarette and vape market, by region, 2023 (US$M)
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