TechNavio recognizes the following companies as the key players in the Global E-cigarette Market: Lorillard Inc., NJOY Inc., and Vapor Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global E-cigarette market is witnessing changes in lifestyle and preferences among people across the globe. The introduction of e-cigarettes in the Tobacco industry has found a way to lure a large number of smokers. E-cigarettes are being adopted among smokers who want to quit smoking tobacco but would like to continue vaping. Furthermore, e-cigarettes are becoming popular among children between the ages of 7 and 14 years. This in turn has led to criticism of e-cigarettes in many countries. However, the market is expected to witness huge growth in the demand for e-cigarettes from children during the forecast period.”
According to the report, the Global E-cigarette market is driven by many growth factors, one of which is high demand from North America and Europe. The increased adoption of e-cigarettes among smokers in the US and developed countries in Europe is propelling their demand, which in turn is creating revenue for the market.
Further, the report states that one of the major challenges is stringent government regulations and standards. E-cigarettes are banned in many countries, including some of the big economies such as Brazil and Japan. Many countries are planning to impose stringent regulations or even ban the sale of e-cigarettes.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-e-cigarette-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global E-cigarette Market 2014-2018
