According to the recent study on ‘E-Cigarette Market Size By Composition, By Product, By Type, By Distribution Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available on Market Study Report, global e-cigarettes market is anticipated to amass USD 9 billion by the year 2026.
 

Rising cognizance regarding the harmful effects of traditional cigarette smoking such as weak immune system, vision disorders, pregnancy complications, mouth cancer, lung damage, heart diseases, and poor oral hygiene is primarily driving the growth of e-cigarette market.
 

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It is to be noted that e-cigarettes are known to minimize the harmful impact of smoking and avert intake of toxic chemicals. The device is safer alternative to conventional cigarettes and is helpful in smoking cessation. These factors, in consort with introduction of innovative product with advanced features by several vendors are impelling global e-cigarette market remuneration.
 

As per product terrain, rechargeable e-cigarette industry segment is poised to grow substantially over 2020-2026, on account of its ability to last longer with e-liquid refilling. Rechargeable e-cigarettes have satisfying taste, are easy-to-use, and offer premium smoking experience. It comes with special carrying case, wall adapter, and USD cable. Since the device is refillable, it enables consumers to opt for different & preferable flavor of liquid, which along with its cost-effectiveness is propelling the segmental share.
 

Moving on to type, automatic e-cigarette market segment is gaining significant traction in recent times, owing to longer battery life and affordability of these devices as compared to traditional cigarettes. Though these devices are susceptible to leakage, but they provide more realistic experience to users as compared to manual alternatives. The ability to activate heating element automatically without the need to press & hold button is boosting the product demand.
 

Speaking of distribution channel, global e-cigarette industry share from online segment is slated to grow momentously through 2026, cites the report. The growth is attributable to several benefit such as wide range of product choice, customized delivery, and convenience to purchase anytime from anywhere. Also, availability of additional discounts, advancement in e-commerce sector, as well as feature of real-time delivery tracking bolstering the popularity of online channel for purchase of e-cigarettes.
 

From regional frame of reference, Europe e-cigarette market is reckoned to accumulate massive revenues in the forthcoming years, due to extensive product usage among the consumers across countries like Germany, UK, and France.
 

Established vendors in worldwide e-cigarette market sphere are Shenzhen Kanger Technology Co. Ltd., Shenzhen IVPS Technology Co. Ltd., Philip Morris International Inc. (PMI), NJOY LLC, NicQuid LLC, Mojo Tech LLC, Juul Labs Inc., Japan Tobacco International (JTI), International Vapor Group LLC, Imperial Brands plc, Gamucci Electronic Cigarettes, FIN Branding Group LLC, Eleaf Group, British American Tobacco plc (BAT), and Ballantyne Brands LLC.