The Europe E-Cigarettes Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
Europe E-Cigarettes market is estimated to witness a CAGR of 12.98% during the forecast period (2020 – 2025).
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The 100 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in Europe E-Cigarettes Market: British American Tobacco plc, Philip Morris International Inc., Altria Group, Inc., Imperial Brands plc, Japan Tobacco Inc., J Well France SARL
– The E-Cigarettes market in Europe is on the rise owing to the increased use by consumers driven by health concerns and have observed desired results in their attempts to quit/ decrease their usage of conventional/ combustible cigarettes. Despite concerns being voiced by a few medical professionals over the long-term usage of e-cigarettes, the low-risk factor associated with the use of e-cigarettes in comparison to conventional/ combustible cigarettes is driving the growth of the market in the region.
– Specialist retail stores such as tobacconists, vape shops have been observed to be the most popular channel. The online retail channel has been impacted by the introduction of the Tobacco Products Directive 2014/14/EU (TPD) in the European Union, owing to which a few countries in the region have banned cross-border distance sales of e-cigarettes.
Rising Dual-Use Among Consumers
Aiming to reduce their use of conventional/ combustible cigarettes, consumers in the region are increasingly using use e-cigarettes concurrently. Also, as e-cigarettes mimic the experience of smoking conventional/ combustible cigarettes, consumers are increasingly using them to satisfy their nicotine dependency. This dual-use has significantly increased the number of e-cigarette users in the region and is expected to drive the market over the forecast period, as it has been observed that dual users usually aim to gradually decrease their use of conventional/ combustible cigarettes over time, which increases the prospect of repeat purchase of e-cigarettes in the region.
United Kingdom to Hold A Significant Market Share
The United Kingdom is the largest market for e-cigarettes in Europe, the second-largest market in the world, owing to which it is driving the market in the region. E-cigarette use in the country is growing owing to the rising number of users coupled with support from health authorities. Unlike the U.S. where e-cigarettes have not yet been approved as a cessation device, authorities in the U.K. believe these devices to be a means for people to transition from the much harmful habit of using conventional/ combustible cigarettes. On the distribution front, it has been observed that the online retail accounts for a significant share of the market and, the fastest growing channel to be specialist vape shops.
Europe E-Cigarettes market is consolidated and comprises of a few large players, who hold most of the share in the market. Key strategies adopted by the large players are product innovation and, mergers and acquisitions. Some of the major players in the market are British American Tobacco plc, Philip Morris International Inc., Altria Group, Inc., Imperial Brands plc, Japan Tobacco Inc., among others.
Influence Of The Europe E-Cigarettes Market Report:
-Comprehensive assessment of all opportunities and risk in the Europe E-Cigarettes market.
– Europe E-Cigarettes market recent innovations and major events.
-A detailed study of business strategies for growth of the Europe E-Cigarettes market-leading players.
-Conclusive study about the growth plot of Europe E-Cigarettes market for forthcoming years.
-In-depth understanding of Europe E-Cigarettes market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Europe E-Cigarettes market.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Europe E-Cigarettes Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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