Impact of the Coronavirus on the U.K. E-Cigarette Market Growth, Trends and Competitive Landscape

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Technological advancements in vaping products are one of the key factors that will drive the U.K. e-cigarette market growth during the forecast period.

Product development and technological innovations, requirement for ash-less and smokeless vaping, and focus on health awareness will drive the U.K. e-cigarette market during the forecast period (2019–2024) at a CAGR of 19.6%. At this rate, the market will increase its size from $2.0 billion in 2018 to $6.4 billion by 2024. Currently, the market is observing the trends of the introduction of several flavors and fragrances, investment on research and development (RD) of vaping technologies, and change in lifestyle preference. 

Technological advancements in vaping products are one of the key factors that will drive the U.K. e-cigarette market growth during the forecast period. Moreover, tobacco manufacturers are also focusing on the development of novel technology to gain an edge over their competitors. Major players in the industry are introducing various innovative products that help in expanding their presence in emerging markets. Furthermore, the launch of advanced e-cigarette products is projected to fuel the market growth in coming years.

Additionally, introduction of new flavor and fragrance by vendors will fuel the demand for e-cigarettes in the U.K. during the forecast period. These vendors offer flavors such as bubble gum, menthol, cola, mint, chocolate, and fusion of other substances and flavoring substances that attract customers. Due to this, the country is showing a positive shift toward flavored e-cigarettes. Moreover, increasing investments on RD to innovate new products is driving the U.K. e-cigarette market growth. 

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This market research report provides a comprehensive overview of the U.K. e-cigarette market

  • Historical and the present size of the U.K. e-cigarette market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

 

 

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