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United States E-cigarettes Market 2019 Dynamics | Industry Growth, New Technologies, Industry Factors and Forecast to 2024 – industryresearch.co

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United States E-cigarettes Market2019-2024 report provides vital data associated to the complete market shares, growth rate, revenue, challenges, opportunities prediction over a five-year period, from 2019 to 2024. In this United States E-cigarettes market report, the analysts have presented important statistics which tells to the production and consumption forecast for the key areas that the United States E-cigarettes market is considered into, production forecast by type, and consumption forecast by application. United States E-cigarettes market shares of positive growth as investors cheered its financial results for last some years.

In United States E-cigarettes Market Report, Following Companies Are Covered:

  • Philip Morris International
  • MIG VAPOR LLC
  • Japan Tobacco
  • Imperial Brands
  • British American Tobacco PLC (REYNOLDS AMERICAN INC. (RAI))
  • NJOY
  • INTELLICIG INC.

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    Market Overview:

  • The United States e-cigarettes market was valued at USD 3.42 billion in 2018 and is estimated to be worth USD 6.59 billion by 2024. It is also expected to register a CAGR of 11.6%, during the forecast period (2019-2024). Over the past few years, there has been a rising awareness regarding the health hazards associated with smoking. This has resulted in high demand for alternatives to traditional cigarettes, such as e-cigarettes. E-cigarettes were introduced as an alternative to traditional cigarettes. According to the estimates provided by the World Bank, 180 million premature deaths can be avoided if smoking cigarettes can be reduced to one-half by 2025, and e-cigarettes are a major step toward this accomplishment. With the growing popularity of vaping devices, flavor and fragrance vendors are introducing a wide variety of e-liquids to attract consumers. Different flavors, such as menthol, mint, chocolate, cola, bubble gum, and fusions of other fruits and flavoring substances, are luring a large number of consumers to adopt these e-cigarette devices. Tobacco manufacturers are focusing on technological developments and innovation, in order to attain an edge over the competitors. The above-mentioned factor persuaded vendors to heavily invest in this technol

    Scope of the Report:

  • Electronic cigarettes, which are an alternative to tobacco cigarettes, have been gaining popularity. E-cigarettes are sophisticated mechanical devices, designed to deliver the same highly addictive nicotine that is in tobacco cigarettes, without the other harmful effects of tobacco smoke.

    United States E-cigarettes Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Key Market Trends:

    High Penetration Of E-cigarettes In Organized Retail

    The well penetrated retail industry, especially in developed countries like the United States, is marked by the established retail landscape, such as hypermarket, supermarket, and specialty formats. Initially, the e-cigarettes were only available online and at selected retail stores. Now, with the increasing demand, several companies have invested heavily in expanding through the well-diversified distribution channels, in order to achieve higher market penetration. The consumers now have the option to buy them online, or from offline stores. In the United States, e-cigarettes are also available in convenience stores and are easy to procure. Vuse, blue eCigs, Altria, Logic, and Njoy are some of the major brands generating significant revenue from convenience stores. Similarly, the products are now available in many pharmaceutical stores and supermarkets. E-commerce is also playing a key role in boosting the sales growth of e-cigarettes. They are also available at a competitive price compared to traditional e-cigars, as many companies are launching low-cost e-cigars. Additionally, the refills are available in large varieties and can easily be procured at a competitive price.
    Modular E-Cigarette Device Dominate the United States E-cigarettes Market

    Modular e-cigarette device can be refilled by the user that allows the user to regulate the power delivered from the system’s batteries to the atomizer. These advanced models provide the best user experience in vaping, and cater to the needs of the most active and regular vapers. The ease of changing the flavors and setting the required amount of nicotine content were the biggest selling points for modular products. Modular e-cigarettes, which allow for greater customization, have overtaken rechargeable models as the most commonly used type of device in the United States. The vaporizers allow for a high degree of customization, by which the consumer can keep track of the amount of vapor, battery strength, and the amount of nicotine content, among a wide range of other features. The rapidly rising number of features, which offer a high degree of customization, has led to a rapid rise in the number of modular smokers, who are adopting personalized vaporizers. The sales of modular device is high, due to high presence of specialist e-cigarette stores and a high proportion of consumers, using modular as their first e-cigarette.

    Reasons for Buying United States E-cigarettes Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Detailed TOC of United States E-cigarettes Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.2 Restraints
    4.3 Porter Five Forces Framework
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Disposable Models
    5.1.2 Rechargeable
    5.1.3 Modular
    5.2 Battery Mode
    5.2.1 Automatic E-cigarettes
    5.2.2 Manual E-cigarettes

    6 COMPETITIVE LANDSCAPE
    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Philip Morris International
    6.3.2 MIG VAPOR LLC
    6.3.3 Japan Tobacco
    6.3.4 Imperial Brands
    6.3.5 British American Tobacco PLC (REYNOLDS AMERICAN INC. (RAI))
    6.3.6 NJOY
    6.3.7 INTELLICIG INC.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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  • About the author

    Kaden Gilbert

    Kaden Gilbert

    I am a writer with over 10 years of experience in professional writing, six years of which as a full-time freelance writer – and two years as a full-time babysitter to my two-year-old son. With over 2,000 lifetime projects and countless positive feedbacks. My track record speaks for itself. I have worked and developed content for countless clients around the world – from startups to large corporations.