Skip to main content

Ban on Tobacco Smoking Boosting E-Cigarette Usage

The surging consciousness about environmental and human health has led to the increasing adoption of vaping products globally. The dangers of tobacco smoking have encouraged governments to undertake several initiatives aimed at creating a sustainable and greener environment, such as imposing a complete ban on tobacco smoking in specific areas. This is forcing smokers to leave the restricted areas or shift to e-cigarettes, which provide the same sensation as conventional cigarettes and do not emit tobacco smoke.



Moreover, the easy availability of vaping devices on several distribution channels will drive the e-cigarette market at a CAGR of 9.2% during the forecast period (2020–2030). The market was valued at $15.7 billion in 2019, and it is expected to reach $39.0 billion by 2030. For instance, manufacturers of vaping products are promoting and selling their offerings through dedicated in-store hubs and kiosks at larger grocery shops and retail outlets. They are also establishing their outlets and stores to provide a vaping experience similar to that offered at a club.

Additionally, the availability of numerous flavors and fragrances is resulting in the high-volume sales of vaping devices. Different flavors, such as the fusion of fruits, cola, bubble gum, mint, chocolate, and methanol, are inspiring a large number of people, especially in the U.K., the U.S., and Canada, to adopt e-cigarettes. A key reason behind the growing popularity of such products is the availability of do-it-yourself (DIY) variants, which allow users to mix different flavors and fragrances and create a new e-juice.

The distribution channel segment of the e-cigarette market is classified into vape shop, hypermarket/supermarket, online, and tobacconist. In 2019, the tobacconist category accounted for the largest share owing to the hands-on experience provided by such settings to customers, which is why this channel is hugely popular among the young population. The online category is expected to demonstrate the fastest growth in the forecast years. Manufacturers of vaping devices are setting up online stores because they are perceived as the best platform to meet the customer demand with fewer sales and marketing barriers.

Comments

Post a Comment

Popular posts from this blog

Where Are People Likely To Encounter a Voice Assistant?

A lot of people, both men, and women have either of two girlfriends they are increasingly talking to during the day: Siri and Alexa. In a short time, these voice assistants have become so popular that people often talk to them just for entertainment, asking pointless questions to hear even-more-pointless and often hilarious answers. Moreover, voice assistants help people control the operations of electrical and electronic devices, such as TVs, home automation systems, fridges, and washing machines, and even automobiles (certain features) via spoken commands. Thus, with technological advancement widening the application area of such programs, the voice assistant market value, as calculated by P&S Intelligence, is set to grow from $1,723.6 million in 2019 to $26,872.6 million by 2030, at a 29.7% CAGR between 2020 and 2030. While Alexa and Siri might still be babies in human years, voice assistants themselves are not.  Whenever someone calls up a big company or even a government ...
Post a Comment
Read more

Edge Data Center Market To Generate $53.1 Billion Revenue by 2030

A number of factors such as the commercialization of 5G, high demand for internet of things (IoT) devices, and dense over-the-top (OTT) and mobile data traffic are expected to drive the edge data center market at a CAGR of 25.4% during the forecast period (2020–2030). The market revenue stood at $5.3 billion in 2019, and it is projected to reach $53.1 billion by 2030.  In recent years, the rising adoption of IoT technology in the healthcare and automotive industries has become a major market trend. The increasing mobile data traffic is a prominent growth driver of the edge data center market across the world. The growing usage of smartphones and IoT devices is resulting in the generation of high volumes of data.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/edge-data-center-market-analysis/report-sample To manage the mounting amount of data, umpteen edge data centers are being deployed across the world. The rising penetration of the in...
Post a Comment
Read more

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...
Post a Comment
Read more