London, 12 December 2014 – TechNavio, a tech-focused research firm, has published a new report on the Global E-cigarette Market, which is expected to grow at a CAGR of 24.14 percent from 2015-2018.
Though big tobacco companies have traditionally provided e-cigarettes through their global distribution networks established over decades, online sales have also started to contribute significantly to the market revenue.
“There has been a marked increase in the number of distribution outlets for e-cigarettes worldwide in recent years. The entry of leading cigarette manufacturers into the market is also expected to increase the number of distribution outlets worldwide,” says Faisal Ghaus, Vice President of TechNavio.
Currently, there are more than 3,000 flavors of e-cigarette available with an average of more than 300 flavors added to the list every month. Significant R&D dollars are being put towards innovations like new flavors, as well as reducing the cost of production and distribution.
“Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative e-cigarettes to survive the ongoing market commoditization,” says Ghaus.
The market is intensely competitive, with more than 300 vendors jostling for market share, which will also drive positive growth over the projected period.
TechNavio currently has more than 3000 market research reports on a vast range of topics, including:
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%C2%A0About%20TechNavio%3C/s…
