Smart E-Cigarette Market worth USD 18,808.87 million by 2033

Date: Apr 2023

The Market Statsville Group (MSG) publishes the new report on the "Smart E-Cigarette Market by Type (With Screen, Without Screen), by Application (Online, Offline), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global smart e-cigarette market size is expected to grow from USD 506.57 million in 2022 to USD 18,808.87 million by 2033, at a CAGR of 38.9% from 2023 to 2033.

The smart e-cigarette market consists of sales of smart e-cigarette services by entities (organizations, sole traders, and partnerships). The smart e-cigarette is a battery-operated device that emits a vaporized solution to inhale and can be connected with Android and IOS processor. Concerns about traditional cigarettes among people of all ages have fueled demand for substantially less hazardous smart e-cigarettes and vape goods. Market manufacturers are releasing a variety of e-liquid tastes to respond to changing client preferences, consequently supporting market growth. However, because e-cigarettes are frequently connected with traditional cigarettes, they are subject to criticism, which is predicted to limit market expansion. On the contrary, the adoption of smart tech such as consumer can monitor their consumption via application will create a significant growth opportunity in the forecast period.

Global Smart E-Cigarette Market Segmentation

The overall smart e-cigarette market has been segmented into type, application, and region.

  • By Type (With Screen, Without Screen)
  • By Application (Online, Offline)
  • By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Online segment is at the highest CAGR during the forecast period

Online segment is expected to grow at the highest CAGR during the forthcoming period. Consumers are increasingly purchasing e-cigarettes and vape items online due to the benefits of competitive cost, convenience, and a wider range of goods offered on these platforms. Many internet stores selling e-cigarettes have emerged in the Asia Pacific area. The region has also seen development in the e-cigarette sector, prompting retailers to offer e-cigarettes for sale online. Moreover, due to stringent regulations regarding the sale and distribution of e-cigarettes, many vendors in the United States prefer online channels over retail stores as their preferred distribution channel. A variety of social media sites are being utilised to market and promote smart electronic smoking devices. However, due to varying degrees of lockdowns during the epidemic, several internet shops have temporarily halted online orders.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The majority of e-cigarettes are imported from other countries, including China. Furthermore, customers prefer to purchase e-cigarettes in bulk through online platforms, which is expected to drive market growth in the Asia Pacific region. The regional market in Europe is predicted to increase considerably over the forecast period. The recognition of e-cigarettes and vaping as preferable alternatives to tobacco smoking by regional health organisations, such as British American Tobacco Plc's Vype and Imperial Brands Plc's Blu, is expected to boost market growth in Europe.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the smart e-cigarette market. It also consists of the profiles of leading companies such as Pax Labs, DaVinci Vaporizer, Joyetech Group, Illest Vapes, Juul labs, Storz & Bickel, RELX, Reynolds American Inc. (RJRVC), Shenzhen IVPS Technology CO. Limited (SmokTech), VANDY VAPE, Japan Tobacco Inc., Company 12, Company 13, Company 14 and Company 15. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

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