E-hookahs, e-cigs, vaporizers, mods, vape pens, ENDS, vapes, ANDS, and tank systems are just a few of the various names for e-cigarettes. Many people believe e-cigarettes produce a vapor that is subsequently inhaled, the usage of e-cigarettes is sometimes referred to as “vaping.” However, e-cigarettes really create an aerosol consisting of microscopic particles, which is distinct from a vapor.
Moreover, manufacturers of vaping devices are aggressively working on promoting and selling their goods through specialized in-store hubs at supermarkets, bigger retail stores, and kiosks. Many cigarette businesses are also opening their own outlets to provide consumers with a vaping experience that is comparable to what is offered at clubs.
The rising awareness amongst the masses about the harmful effects of cigarette smoking has led to a sharp rise in the sales of e-cigarettes across the world. These cigarettes are widely smoked by people who want to quit smoking tobacco cigarettes but are not able to do it cold turkey. Thus, the growing consumption of e-cigarettes by the people following smoking cessation plans is majorly responsible for the soaring sales of these products across the world. Furthermore, the governments of several countries are increasingly focusing on creating a greener and more-sustainable environment, mainly because of the rising pollution levels.
Because of the aforementioned reason, regulatory authorities are banning cigarette smoking in more and more public places and workplaces with each passing day. This has positively impacted the sales of e-cigarettes as now, people are preferring these products over the conventional tobacco cigarettes. This is because tobacco smoke is not produced by these cigarettes, which makes these products eco-friendly and prevents the exposure of non-smokers to passive smoke. Further, the rising social acceptance of these cigarettes is boosting their demand across the globe.
In the near future, the e-cigarette market will be very prosperous in North America, as per the forecast of P&S Intelligence, a market research company based in India. This is because of the rising consumption of these cigarettes, especially among the younger population in the U.S. According to many surveys, nearly 14 million people smoked e-cigarettes in North America in 2019. The falling popularity of conventional tobacco cigarettes is also contributing toward the soaring sales of e-cigarettes in the region.
The other major factor propelling the growth of the e-cigarette market is the easy availability of e-cigarettes at various kiosks and retail and grocery stores around the world. In addition to this, many e-cigarette-producing companies are setting up their own stores and outlets for providing a vaping experience to the customers, just like the one they are offered at clubs. Moreover, the availability of e-cigarettes in various flavors and designs is boosting their sales through these special outlets.
Thus, due to the rising sales of these products, the revenue of the global e-cigarette market is predicted to rise from $15.7 billion to $39.0 billion from 2019 to 2030. Further, the market is predicted to progress at a CAGR of 9.2% from 2020 to 2030. Vaporizers, T-vapor, vape mod, and cig-a-like are the main types of e-cigarettes available on the market. Amongst these, the consumption of the T-vapor e-cigarettes is predicted to rise rapidly in the upcoming years. These cigarettes are extremely popular in South Korea and Japan, where the popularity of the tobacco flavor variants is extremely high.
Thus, it is clear from the above paragraphs that the sales of e-cigarettes will rise enormously all over the world, especially in North America, in the years to come, mainly because of their rising social acceptance and the increasing public awareness about the harmful effects of smoking tobacco cigarettes across the globe.
