Technavio’s UK e-cigarette market research report predicts $ 1.20 billion growth

NEW YORK, September 21, 2022 / PRNewswire / –The Size of the UK e-cigarette market is growing a 13% CAGR and is expected to experience incremental growth of 1.20 billion dollars between 2020 and 2025. The report analyzes the size and growth of the market and provides accurate predictions on the growth of the market.

  • The report recognizes as key players in the UK e-cigarette market: British American Tobacco Plc, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., and JUUL Labs Inc., among others.
  • The global e-cigarette market in the UK structure is fragmented in nature.
  • Market to observe 12.20% year-on-year growth in 2021.

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Key segments

The UK e-cigarette market is segmented by product (modular e-cigarettes, refillable e-cigarettes and disposable e-cigarettes) and distribution channel (offline and online).

The fact that e-cigarettes are safer than other tobacco products is one of the key factors driving growth in the UK e-cigarette market.

Market segmentation analysis

The market share of modular e-cigarettes in the UK will expand significantly. These e-cigarettes offer a better vaping experience due to their numerous customization choices. These allow for control over vapor production, variable voltage, battery power, and e-juice.

Due to their widespread market penetration, the demand for modular e-cigarettes is now high and is expected to increase as new products are released during the projection period. One of the key elements driving the segment’s growth during the projection period is how affordable these e-cigarettes are.

Identify potential segments and regions to invest in over the forecast period. Buy sample report.

Market dynamics

The fact that e-cigarettes are safer than other tobacco products is one of the main factors driving market growth in the UK. Another market trend in the UK that is expected to have a favorable effect in the coming years is the increase in the number of people trying to quit smoking. However, during the projection period, the availability of substitute goods will pose a significant challenge for the UK e-cigarette market.

The report also covers information on upcoming trends and challenges that will affect market growth. Explore more information of Download a sample report.

Seller landscape

The UK e-cigarette market is fragmented due to the presence of several players and some established players. To bolster the competition, providers are launching various campaigns to train individual learners in the English language.

Here are some of the products offered by major suppliers:

  • Imperial Brands Plc: The company is engaged in the distribution of tobacco and NGP products for tobacco producers and NGP products, including Imperial Brands.
  • Innokin Technology Ltd .: The company offers various kinds of products such as ENDURA T22 PRO, SENSIS, EQ FLTR and other related products.
  • J WELL France Sarl: The company manufactures and is responsible for the sale of frozen and room temperature processed foods, baked goods and condiments.

Related reports

US Herbal Cigarette Market by Distribution Channel and Type – 2022-2026 Forecast and Analysis: The market share of herbal cigarettes in the United States is expected to increase by $ 315.53 million from 2021 to 2026, and the growth momentum of the market will accelerate to a CAGR of 10.75%.

Medical Marijuana Market by Application and Geography – Forecasts and Analysis 2022-2026: The medical marijuana market share is expected to increase by $ 14.47 billion from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR of 18.91%.

UK e-cigarette market scope

Report coverage

Details

Page number

120

Reference year

2020

Forecast period

2021-2025

Moment of growth and CAGR

Accelerate with a 13% CAGR

Market growth 2021-2025

$ 1.20 billion

Market structure

Fragmented

Year-on-year growth (%)

12.20

Regional analysis

UK

Competitive landscape

Leading companies, competitive strategies, area of ​​consumer involvement

Key profiled companies

British American Tobacco Plc, Imperial Brands Plc, Innokin Technology Ltd., J WELL France Sarl, Japan Tobacco Inc., JUUL Labs Inc., Pax Labs Inc., Philip Morris International Inc., Shenzhen IVPS Technology Co. Ltd. and Shenzhen Kanger Technology Co. Ltd.

Market dynamics

Core Market Analysis, Market Growth Inductors and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis, and Future Consumer Dynamics and Market Condition Analysis for the Forecast Period.

Expertise for customization

If our report did not include the data you are looking for, you can contact our analysts and customize the segments.

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Summary:

Synthesis

Market landscape

  • Market ecosystem
  • Characteristics of the market
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: forecasts for 2020 – 2025

Five Forces Analysis

  • Summary of the five forces
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of newcomers
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market segmentation by product

  • Market segments
  • Comparison by product
  • Modular Electronic Cigarettes – Market Sizes and Forecasts 2020-2025
  • Refillable e-cigarettes: market size and 2020-2025 forecast
  • Disposable e-cigarettes – 2020-2025 market size and forecast
  • Market opportunity by product

Market segmentation by distribution channel

  • Market segments
  • Comparison by distribution channel
  • Offline – 2020-2025 market size and forecast
  • Online – 2020-2025 market size and forecast
  • Market opportunity by distribution channel

Customer landscape

  • Overview
  • Market driver
  • Market challenges
  • Market trend

Seller landscape

  • Competitive scenario
  • Seller landscape
  • Disturbance of the landscape

Supplier analysis

  • Covered suppliers
  • Positioning on the supplier market
  • British American Tobacco Plc
  • Imperial Brands Plc
  • Innokin Technology Ltd.
  • J WELL France Sarl
  • Japan Tobacco Inc.
  • JUUL Labs Inc.
  • Pax Labs Inc.
  • Philip Morris International Inc.
  • Shenzhen IVPS Technology Co. Ltd.
  • Shenzhen Kanger Technology Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates per US $
  • Research methodology
  • List of abbreviations

Who we are

Technavio is a world-leading technological research and consultancy company. Their research and analysis focuses on emerging market trends and provides useful information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library Their customer base is comprised of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base is based on Technavio’s comprehensive coverage, research in-depth analysis and on feasible market insights to identify opportunities in existing and potential markets and evaluate their competitive positions within evolving market scenarios.

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Website: www.technavio.com/

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