Market Research Future (Food and Beverages) E-Cigarettes & Vaporizer Market Research Report | Page 3

E-Cigarette & Vaporizer Market Research Report - Forecast 2011 to 2021 2 Market Overview E-Cigarettes & Vaporizer Market is majorly driven by the factors such as the presence of established brands, cost- effectiveness, perceived health benefits, and product customizations. Globally, the consumption of tobacco has become a critical issue despite of several government initiatives to increase the awareness about the health issues caused by consuming tobacco. Consumers addicted to tobacco find it difficult to get rid of the addiction and would require an alternate to tobacco. This has turned out to be one of the major drivers for the growth of the E-Cigarettes and vaporizer market globally. Alarming health issues caused due to the addiction of tobacco is the main driver to promote growth in the market. Growing number of cancer patients due to excessive consumption of tobacco worldwide is one of the major reasons that prompted the addicts to get rid of it. However, several people find it difficult to succeed to do so and hence prefer e-cigarette over conventional cigarettes this in turn has resulted in to people switching from conventional cigarettes to e-cigarettes over the past couple of years. E-Cigarettes & Vaporizers are devices that vaporize liquid containing nicotine, as well as varying compositions of flavourings, propylene glycol, glycerine, and other ingredients. The liquid is heated into an aerosol that the user inhales. Many E-Cigarettes & Vaporizers are designed to look like conventional cigarettes, cigars, or pipes. Some resemble pens or other everyday items. Larger devices such as tank systems or mods bear little or no resemblance to cigarettes. These devices are said to have minimized a significant expenses of a hard core smoker and all of vaporizers, electronic cigarettes, accessories, and batteries are eco-friendly and recyclable. Industry Segments: E-Cigarette & Vaporizer Market is segmented in to 2 dynamics for the convenience of the report and enhanced understanding. Segmentation By Product Type: Comprises Disposable E-Cigarette, EGO and Tanks, Rechargeable E-Cigarette, Personal Vaporizers and Mods and Others. Segmentation by Regions: Comprises Geographical regions - Europe, North America, APAC and Rest of the World. Disposable e-cigarettes have accounted for the largest market size by product type in 2015 accounting for nearly 30% of the market size closely followed by rechargeable e-cigarette. Personal vaporizers will grow at a CAGR over 23.5% through the forecast period Page | 3 Copyright © 2017 Market Research Future.