The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Vaporizers, E-Cigarettes, And Other Electronic Nicotine Delivery Systems (ENDS) Global Market Report 2024, the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market is expected to show significant growth in the forecast period.

The vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market have witnessed robust growth in recent years. With a rise from $17.02 billion in 2023 to an estimated $18.38 billion in 2024, the market displays a compelling Compound Annual Growth Rate (CAGR) of 8.0%. Rooted in factors such as smoking cessation, harm reduction, flavor variety, regulatory environment, and social acceptance, the market is set for continued expansion. Looking ahead, the forecast anticipates substantial growth, reaching $24.56 billion in 2028, at a CAGR of 7.5%.

Flavor Variety: A Driving Force Behind Market Surge

1. Rising Consumption of Flavored Cigarettes: The market growth is propelled by the increasing consumption of flavored cigarettes, particularly among the young population.
2. Appealing to Youth Preferences: Young individuals are more likely to experiment with e-cigarettes when they are available in a variety of appealing flavors.
3. Statistics Support Trend: In 2021, CDC reported that around 85% of over 2 million U.S. middle and high school students who used e-cigarettes opted for flavored options.
4. Market Driving Factor: Availability of enticing flavors remains a key driver for the vaporizers, e-cigarettes, and ENDS market.

View More On The Vaporizers, E-Cigarettes, And Other Electronic Nicotine Delivery Systems (ENDS) Market Report 2024 – https://www.thebusinessresearchcompany.com/report/vaporizers-e-cigarettes-and-other-electronic-nicotine-delivery-systems-global-market-report

Key Players Shaping the Market Landscape

1. Market Leaders: Major companies steering the market include Dash Vapes, Hubbly Bubbly, Liquideu, Nice Vapor, Pacific Smoke International, Puff Ecig, Simple Vape Co. London Ltd., Smokio, and more.
2. Industry Giants: Recognizable names like Juul Labs Inc., Philip Morris International Inc., British American Tobacco PLC, and Imperial Brands PLC contribute significantly to market dynamics.

Disposable E-Cigarettes: A Market Revenue Driver

1. Strategic Focus: Leading companies are placing a strategic emphasis on disposable e-cigarettes to drive market revenues.
2. Entry Point for Transition: Disposable e-cigarettes serve as an entry point for individuals seeking to transition from traditional smoking to vaping.
3. Convenience and Simplicity: These devices offer a convenient and straightforward vaping experience, eliminating the complexities associated with advanced vaping devices.
4. Innovative Offerings: Vozol’s STAR 9000/12000, launched in September 2022, exemplifies innovation in disposable e-cigarettes, providing real-time data on battery and e-liquid levels.

Market Segmentation: Unveiling Diversity

1. Type Differentiation: The market is segmented by type, including Vaporizers, E-Cigarettes, and Other Electronic Nicotine Delivery Systems (ENDS).
2. E-Cigarette Types: Further classification includes Disposable, Rechargeable, and Modular e-cigarettes.
3. Vaporizers Types: Vaporizers are categorized into E-cigarette Vaporizers, Marijuana Vaporizers, and Medical Vaporizers.

Regional Leadership: Asia-Pacific at the Helm

1. Dominant Region: In 2023, Asia-Pacific emerged as the largest region in the Vaporizers, E-Cigarettes, and other ENDS market.

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The Vaporizers, E-Cigarettes, And Other Electronic Nicotine Delivery Systems (ENDS) Global Market Report 2024  provides an in-depth analysis on the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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E-Cigarettes Global Market Report 2024

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