Vaporizers, E-Cigarettes, And Other Electronic Nicotine Delivery Systems (ENDS) Global Market Report 2024

The vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ends) market size has grown strongly in recent years. It will grow from $17.02 billion in 2023 to $18.38 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth observed in the historical period can be attributed to factors such as smoking cessation initiatives, harm reduction strategies, the availability of diverse flavors, and the prevailing regulatory landscape, as well as increased social acceptance.

The vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ends) market size is expected to see strong growth in the next few years. It will grow to $24.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. Looking ahead to the forecast period, the growth can be attributed to efforts aimed at reducing smoking rates, the influence of health and wellness trends, evolving regulatory frameworks, and shifts in lifestyle choices. Key trends that will shape the forecast period include the emergence of pod systems, the introduction of reduced nicotine options, innovations in flavor profiles, the expansion of smoking cessation programs, a focus on sustainability, and the adoption of eco-friendly practices.

The e-cigarettes market is experiencing growth due to the increasing awareness of health concerns associated with smoking traditional tobacco cigarettes within the smoking population. Conventional tobacco cigarettes release harmful compounds that have adverse effects on individuals' health. In contrast, e-cigarettes are considered a safer and less toxic alternative to traditional tobacco cigarettes. For instance, in 2021, the Centers for Disease Control and Prevention acknowledged tobacco products that are marketed as 'reduced harm' options, aimed at helping people transition away from traditional tobacco smoking, as endorsed by the World Health Organization (WHO). E-cigarettes operate by vaporizing rather than burning tobacco, resulting in significantly lower levels of toxic substances in the vapor compared to the smoke produced when burning tobacco. Consequently, e-cigarettes are recognized for their reduced-risk attributes in comparison to conventional cigarettes.

The primary categories of these devices include vaporizers, e-cigarettes, and other Electronic Nicotine Delivery Systems (ENDS). E-cigarettes are battery-operated devices that utilize cartridges containing nicotine, flavorings, and additives. They come in various forms, including disposable, rechargeable, and modular. Vaporizers can be categorized into E-cigarette vaporizers, marijuana vaporizers, and medical vaporizers.

The vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market research report is one of a series of new reports that provides vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market statistics, including vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) industry global market size, regional shares, competitors with a vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market share, detailed vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market segments, market trends and opportunities, and any further data you may need to thrive in the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) industry. These vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing consumption of flavored cigarettes among the young population is expected to be a driving force behind the future expansion of the market for vaporizers, e-cigarettes, and electronic nicotine delivery systems. Young individuals tend to be more inclined to experiment with e-cigarettes when they come in attractive flavors. The wide range of flavors available makes it convenient for them to explore different options, increasing the likelihood of finding a flavor they enjoy, which may ultimately lead to regular use. For example, in 2021, the Centers for Disease Control and Prevention (CDC), a national public health agency in the United States, reported that over 85% of more than 2 million middle and high school students in the U.S. who used e-cigarettes opted for flavored e-cigarettes. This underscores how the availability of appealing flavors plays a pivotal role in driving the market for vaporizers, e-cigarettes, and electronic nicotine delivery systems.

Stringent government regulations and bans on E-cigarettes are impeding the growth of the Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems (ENDS) market. Many countries have imposed bans on the sale and manufacturing of E-cigarettes to protect young individuals and children from the harmful effects and addictive nature of these products. For instance, as of March 2023, according to the Centers for Disease Control and Prevention (CDC), all 50 U.S. states, the District of Columbia, Guam, the Northern Mariana Islands, Palau, Puerto Rico, and the U.S. Virgin Islands have enacted legislation prohibiting the sale of E-cigarettes to minors. Governments have taken these actions because E-cigarette companies often market their products as smoking cessation aids, but research studies have shown that many people become addicted to E-cigarettes.

The vaporizers market has witnessed growing demand for medicated cannabis vaporizers. These cannabis vaporizers feature advanced heating technology, allowing users to precisely control the heater's temperature using a display on the device. This level of control enables users to adjust the aerosol density according to their preferences. For example, Storz & Bickel, a subsidiary of the Canopy Growth Corporation, has designed and produced vaporizers like the Volcano Medic and the Mighty Medic in compliance with the European Medical Device Directive 93/42/ECC and Standard DIN EN 60601.

Leading companies in the vaporizers, e-cigarettes, and nicotine delivery systems industry are actively developing disposable e-cigarettes to boost their market revenues. Disposable e-cigarettes serve as an ideal entry point for individuals seeking to make the transition from traditional smoking to vaping, offering a convenient and user-friendly way to explore vaping without the complexity associated with more advanced vaping devices. For instance, in September 2022, the China-based company Vozol introduced the 'VOZOL STAR 9000/12000,' a groundbreaking disposable e-cigarette. The STAR 9000/12000 distinguishes itself as the original disposable e-cigarette that revolutionizes the vaping experience. Users can conveniently access real-time information on battery status and e-liquid levels by giving it a slight shake, eliminating concerns about suddenly running out of power or e-liquid. Leveraging VOZOL's innovative S.i.L.C atomization technology, the STAR 9000/12000 goes beyond mere novelty, enhancing the vaping experience to new heights of excellence.

Major companies operating in the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ends) market include Dash Vapes, Hubbly Bubbly, Liquideu, Nice Vapor, Pacific Smoke International, Puff Ecig, Simple Vape Co. London Ltd., Smokio, Vape Escapes, Vapor Line, Kure Vapes, Pax, Cannakorp, Grenco Science, Davinci, Uk Ecig Store, Vapexhale, Dripclub, Halo Cigs, Volcano Vaporizer, Juul Labs Inc., Philip Morris International Inc., British American Tobacco PLC, Imperial Brands PLC, Japan Tobacco Inc., Altria Group Inc., Fontem Ventures B.V., Aspire, Eleaf, Joyetech, Smoant, Vaporesso, Wismec

Asia-Pacific was the largest region in the Vaporizers, E-Cigarettes, and other Electronic Nicotine Delivery Systems (ENDS) market in 2023. North America was the second-largest region in the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market. The regions covered in the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ends) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ends) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The vaporizers, e-cigarettes, and other electronic nicotine delivery systems (ENDS) market consists of sales of disposable e-cigarettes, rechargeable e-cigarettes, modular e-cigarettes, e-cigarette vaporizers, marijuana vaporizers, medical vaporizers and other vaporizers, e-cigarettes, and other electronic nicotine delivery systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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