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E-Cigarette Kits Market To Reach USD 24.92 Billion By Year 2032

The global E-Cigarette Kits market size was valued at USD 24.2 Billion in 2023, and is projected to reach 38.82 Billion by 2032, registering a CAGR of 5.39% from 2024 to 2032.

05-07-2024
Swati Kalagate
Consumer Goods and Retail Industry
AkViS Intelligence LLP

According to a new report published by AkVis Intelligence, titled, “E-Cigarette Kits Market by Product Type, Battery Mode, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global E-Cigarette Kits market size was valued at USD 24.2 Billion in 2023, and is projected to reach 38.82 Billion by 2032, registering a CAGR of 5.39% from 2024 to 2032. E-cigarette kits are devices that heat e-liquid to produce vapor for inhalation, offering a convenient and potentially safer alternative to traditional tobacco smoking. They are popular among smokers seeking alternative options, offering portability, customizable nicotine levels, and no harmful combustion by-products. E-cigarettes are also popular among those seeking to quit smoking or reduce tobacco consumption. Health professionals view e-cigarettes as potentially less dangerous than traditional cigarettes, advocating for harm reduction approaches. E-cigarettes can also serve as a tool for those struggling with nicotine dependence, providing a path toward quitting smoking. With changing consumer preferences and regulatory changes, the e-cigarette industry is expected to grow, appealing to a wider range of consumers seeking safer nicotine alternatives.  

According to The E-Cigarette Kits Market is segmented into Product Type, Battery Mode, Distribution Channel, and region. By Product Type, the market is categorized into Disposable Model, Rechargeable, Modular, and Pod Systems. By Battery Mode, the market is categorized into Automatic and Manual. By Distribution Channel, the market is categorized into Tobacconist, Hypermarket/Supermarket, Vape Shops, and Online. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

The e-cigarette kits market is growing due to increased awareness of health risks associated with conventional smoking. Promotional efforts have led to a shift towards e-cigarettes as safer alternatives, as smokers are increasingly turning to vaping for harm reduction. E-cigarette kits, which deliver nicotine via vaporization, are seen as a feasible choice due to personal health concerns and medical studies highlighting the lower risk of vaping compared to traditional smoking methods. As a result, the e-cigarette kits market is set for ongoing expansion due to an increasing number of consumers choosing smoke-free options.  

The e-cigarette kits industry is expanding due to the introduction of new characteristics, tastes, and styles. Manufacturers are focusing on creativity to meet consumer demands, while battery technology advancements improve device efficiency and user satisfaction. Customizable features like adjustable voltage and temperature control attract a wider audience. Different flavors cater to different preferences, including sweet and dessert-themed, cool menthol, and unique combinations. Device aesthetics and ergonomics also improve usability and transportation. Sleeker, compact styles are becoming popular, attracting discretion and portability. Manufacturers are constantly introducing new products, attracting both current smokers and non-smokers interested in the customizable and flavorful features of modern e-cigarette products.

Global E-Cigarette Kits Market, Segmentation

The E-Cigarette Kits market is segmented based on Product Type, Battery Mode, Distribution Channel, and Region.

Product Type:

The pod systems category is expected to lead the growth of the e-cigarette kits industry due to their compact, easy-to-use design and portability. These devices attract beginners and individuals switching from regular cigarettes due to their low-key design. Technological advancements have improved battery life and flavor choices, making pod systems a popular choice. Manufacturers continue to enhance pod systems with features like refillable pods and adjustable airflow, making them appealing to a wide range of users. The pod systems sector is projected to continue its fast development path, impacting the e-cigarette kits market.

Distribution Channel:

The internet sector has significantly fueled the growth of the e-cigarette kits market, thanks to its convenience and wide range of products. Consumers prefer online platforms for shopping and buying e-cigarette kits from home, with online stores offering a smooth shopping process and competitive prices. This shift towards digital platforms mirrors larger changes in consumer habits, with e-commerce sites and specialized vaping online stores offering a variety of products. This has increased market expansion and competition among brands, with the online sector expected to continue influencing the future growth of the e-cigarette kits market.

Region:

North America is expected to lead the e-cigarette kits market in the coming years due to rising consumer usage and government support. Factors such as increasing awareness of the negative impacts of smoking and the trend towards less harmful options are driving growth. Technological advancements and innovations in e-cigarette designs are also driving demand. The market will continue to grow through strategic marketing strategies, offering a variety of products, and adherence to regulatory standards. Experienced companies and strong distribution channels will make it easier to obtain e-cigarette products in the region.

Some of The Leading/Active Market Players Are-

  • Ovale USA (U.S.)
  • Altria Group, Inc. (U.S.)
  • International Vapor Group, Inc. (U.S.)
  • Nicquid (U.S.)
  • Juul Labs, Inc. (U.S.)
  • NJOY (U.S.)
  • Healthier Choices Management Corp. (U.S.)
  • Philip Morris International (Switzerland)
  • British American Tobacco (UK)
  • Ezee e-cigarettes (UK), and Other Active Players

Key Industry Developments

  • In June 2023, Imperial Brands plc announced the acquisition of nicotine pouches from TJP Labs to make a foray into the U.S. oral market. The acquisition will enable ITG Brands, the company’s U.S. operation, to offer 14 different product types in a pouch that performs well in consumer testing. Through this acquisition, TJP Labs aims to reinforce its commitment to developing products that promote global harm reduction, customer choice, and flexibility.

Key Findings of the Study 

  • The e-cigarette kits market is expanding rapidly due to rising consumer awareness of health risks associated with smoking and its perceived use as a harm reduction tool.
  • The market is segmented by product type, battery mode, and distribution channels, with innovations like customizable features and diverse flavors catering to consumer preferences.
  • North America dominates the market due to high consumer adoption, regulatory support, technological advancements, and robust distribution channels, contributing to sustained growth.
AkViS Intelligence LLP

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