ICT & Electronics Global E-cigarette & Vaporizer Market (2016-2024)- | Page 6

Global E-cigarette & Vaporizer Market Overview
Global E-cigarette & Vaporizer Market by Product Type (Disposable
E-cigarette, Rechargeable E-cigarette, E-go and tanks E-cigarette,
Personal Vaporizers and Mods) By Distribution Channel (Online Store,
Departmental Store, Pharmacy Store) and Region - Global Forecast to
2024
E-cigarette refers to a cigarette shaped device which stimulates the
experience of smoking tobacco without inhaling the tobacco. E-cigarette
consists of battery, atomizer and e-liquid. E-cigarettes help the smokers
to quit smoking. Consumers prefer e-cigarettes over conventional
cigarettes as it does not lead to diseases or death.
Market Size and Forecast
Global e-cigarette and vaporizer market is expected to flourish at a
CAGR of 23.6% during the forecast period. In 2016, the market of e-
cigarette and vaporizer was valued at USD 9.1 Billion and is
anticipated to reach USD 49 Billion by the end of 2024. Due to the
health issues caused by cigarette, tobacco addicted persons are adopting
e-cigarettes. This factor is expected to drive the market of e-cigarette
and vaporizer across the globe.
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