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Here are some information we would like to share with you:

1) Q: How big is the e-cigarette and vape market?
A: The global e-cigarette & vape market size was estimated at USD 12.41 billion in 2019 and is expected to reach USD 15.07 billion in 2020.

2) Q: What is the e-cigarette and vape market growth?
A: The e-cigarette & vape market is expected to witness a compound annual growth rate of 23.8% from 2020 to 2027 to reach USD 67.31 billion by 2027.

3) Q: Which segment accounted for the largest e-cigarette and vape market share?
A: The rechargeable segment dominated the e-cigarette & vape market in 2019 and was valued at USD 5.34 billion and is expected to reach USD 6.50 billion in 2020.

4) Q: Who are the key companies/players in the e-cigarette and vape market?

A: Key players in the e-cigarette & vape market include Altria Group, Inc.; British American Tobacco; Imperial Brands; International Vapor Group; Japan Tobacco, International; NicQuid; JUUL Labs, Inc.; Philip Morris International Inc.; R.J. Reynolds Vapor Company; Nicquid; Shenzhen IVPS Technology Co., Ltd.; and Shenzhen KangerTech Technology Co., Ltd. Shenzhen Komjie Technology Co.,Ltd

5) Q: Which region accounted for the largest e-cigarette and vape market share?

A: North American regional e-cigarette & vape market held the largest share of 44.6% in 2019. The young population has largely adopted vaping devices as a safe alternative to tobacco, which, in turn, is estimated to boost the adoption of these products.

6) Q: Which component segment is expected to show substantial growth in the e-cigarette and vape market?

A: In terms of component, the e-liquid segment is anticipated to show substantial growth during the forecast period, owing to the presence of a wide range of flavors, as well as the popularity of the DIY trend, where users develop their own e-liquid through combination of flavors.

7) Q: What are the major driving factors of the e-cigarette and vape market?

A: The main drivers of the e-cigarette & vape market include increasing demand from millennials, presence of a variety of options in flavor, and the product being a safer alternative to traditional cigarettes as per studies.

8) Q: What have been some of the restraints for the e-cigarettes and vaping industry?

A: The market restraints for e-cigarette and vape products include stringent regulations imposed by authorities in economies like India, Germany, and the US, and strict trading laws that make the import of vaping devices difficult for personal consumption.

9) Q: What are the modes of distribution in the e-cigarette and vape market?

A: The major distribution channels in the e-cigarette & vape market include online and retail, with the retail segment being further classified into drug stores, convenience stores, tobacconists, newsstands, and specialty e-cigarette stores.

10) Q: Which product segment is expected to show fastest growth in the e-cigarette and vape market?

A: The modular devices product segment is expected to show fastest growth in the e-cigarette & vape market during the forecast period, on account of the customization options provided by such devices.