Global E-cigarette and Vaping Market Segmentation and Trends: The Rechargeable Segment Accounts for the Largest Share of 64.15%

Global E-cigarette and Vaping Market Overview

According to Global Market Monitor, the global e-cigarette and vaping market size will be $35.01 billion in 2024 with a CAGR of 29.17% from 2024 to 2029.

Generally, a vaping device consists of a mouthpiece, a battery, a cartridge for containing the e-liquid or e-juice, and a heating component for the device that is powered by a battery. When the device is used, the battery heats the heating component, which turns the contents of the e-liquid into an aerosol that is inhaled into the lungs and then exhaled.

Market Drivers

The convenient supply of e-cigarettes and vaping on many distribution channels has promoted the growth of the market.

Manufacturers of e-cigarette and vaping equipment are promoting and selling their products through kiosks and dedicated in-store hubs in large retail and grocery stores. The e-cigarette and vaping provider has also established stores and sales points to provide an e-cigarette and vaping experience similar to that provided by the club. Traditional smokers prefer these shops because they can get a variety of flavors and better smoking devices in these places. These designated stores and points of sale are expanding the consumer base of a single e-cigarette and vaping product provider, thereby driving market growth.

Technological Innovation Strengthens Product Functions  

Technological innovation strengthens product functions, and new e-cigarette and vaping products are popular among young consumers. With the gradual development of e-cigarette products from the first and second generations to the third generation, e-cigarette and vaping products no longer only have the function of reducing harmful substances. They have different flavors, and personalized cartridges and the smoke effect they possess has become the driving factor for young consumers to purchase new e-cigarette and vaping products.

Expanding the Flavor Product Portfolio is a Key Market Trend

Flavor and fragrance suppliers are launching several new flavors to attract more customers and manufacturers of e-cigarette and vaping products. Different flavors such as bubble gum, cola, methanol, chocolate, mint, and a fusion of fruits and other condiments have attracted quite a few people to adopt e-cigarettes. Users in North America and Europe, mainly users in Canada, the US, and the UK, have shown a significant shift towards flavored e-cigarettes and vaping. Therefore, with the rapid popularity of spices in the e-cigarette and vaping market, these suppliers are launching a large number of spices. This factor has brought more development opportunities to the e-cigarette and vaping market.

Market Segmentation

By type, the rechargeable segment accounts for the largest share. A rechargeable e-cig differs from a disposable device in one key way: users can recharge the battery and keep using the same device over time. There are also more flavor options with rechargeable devices because users can usually refill them with different e-liquids. Rechargeable Vaping has changed the way vapers are enjoying their vaping experiences. From battery durability to money savings, rechargeable e-cigs come with many valuable perks.

By Type	Disposable
	Rechargeable
	Modular Devices
	The rechargeable segment accounts for the largest share.
By Application	Tobacco
	Menthol
	Mint
	Fruit
	Candy
	Other flavors
	The tobacco segment occupies the biggest share.

For more industry information, please refer to our latest released "2023 Global E-cigarette and Vaping Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".