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Boom Predicted in U.K. E-Cigarette Market in Future

In 2018, the U.K. e-cigarette market attained a valuation of $2.0 billion and is now predicted to advance at a CAGR of 19.6% between 2019 and 2024. According to P&S Intelligence, a market research firm based in India, the market would generate a revenue of $6,486.5 million by 2024. The increasing sales of vaping devices, the reducing popularity of tobacco smoking, and rapid advancements in e-cigarettes are the key factors driving the market advancement.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/uk-e-cigarette-market/report-sample

Rapid innovations and advancements being made in e-cigarette technology are massively pushing up the demand for e-cigarettes. Many tobacco producing companies are rapidly focusing on novel technologies to gain an edge over their rivals. Several leading tobacco producers are developing innovative products that could help them expand their footprint. For example, Japan Tobacco Inc. developed two new tobacco capsule flavors Pianissimo Aria Menthol and Pianissimo Pineapple Peach Yellow Cooler for the Ploom TECH brand in March 2019.

The falling popularity of tobacco and cigarette smoking in the country because of the ballooning public awareness of the harmful effects of tobacco consumption is another important factor driving the expansion of the U.K. e-cigarette market. Based on product, the market is divided into t-vapor, vape mod, vaporizer, and cig-a-like. Out of these, the vape mod category is predicted to register huge growth in the market in the coming years.

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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