Industry: Consumer Goods
Published Date: 2025-03-28
Pages: 142 Pages
Report ld: 4676769
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Vape Market Size(US$)

CAGR 2025-2031
9.4%
Market Size,2031
USD 37,380
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
In 2024, the global market size of Vape was estimated to be worth US$ 20060 million and is forecast to reach approximately US$ 37380 million by 2031 with a CAGR of 9.4% during the forecast period 2025-2031.
Global core manufacturers of Vape for In-line Systems include Imperial Tobacco, British American Tobacco, Japan Tobacco, Altria and Philip Morris International. North America is the largest consumption region, accounting for approximately 57% of the global market. In terms of type, e-vapor is the largest market segment, with a share of more than 94%. In terms of sales channel, the largest sales channel is offline sales, with a share of approximately 83%.
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Vape, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vape.
The Vape market size, estimations, and forecasts are provided in terms of sales volume (M Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Vape market comprehensively. Regional market sizes, concerning products by Type, by Sales Channel, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vape manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Sales Channel, and regions.
By Company
Imperial Tobacco
British American Tobacco
Japan Tobacco
Altria
Philip Morris International
FirstUnion
Buddy Group
Innokin
RELX
Smoore International
ELFBAR
SKE Crystal
Elux
MOTI
Boulder
Segment by Type
E-vapor
Heated Not Burn
Segment by Sales Channel
Offline Sales
Online Sales
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Sales Channel, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Vape in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 3: Detailed analysis of Vape manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Vape sales, revenue, price, gross margin, sales by region, by Type, by Sales Channel, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Sales Channel, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America by Type, by Sales Channel and by country, sales, and revenue for each segment.
Chapter 8: APAC by Type, by Sales Channel and by country, sales, and revenue for each segment.
Chapter 9: Europe by Type, by Sales Channel and by country, sales, and revenue for each segment.
Chapter 10: Latin America by Type, by Sales Channel and by country, sales, and revenue for each segment.
Chapter 11: Middle East and Africa by Type, by Sales Channel and by country, sales, and revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Vape Product Introduction
1.2 Market by Type
1.2.1 Global Vape Market Size Growth Rate by Type (2020 VS 2024 VS 2031)
1.2.2 E-vapor
1.2.3 Heated Not Burn
1.3 Market by Sales Channel
1.3.1 Global Vape Market Size Growth Rate by Sales Channel (2020 VS 2024 VS 2031)
1.3.2 Offline Sales
1.3.3 Online Sales
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Vape Market Size Estimates and Forecasts
2.1.1 Global Vape Revenue 2020-2031
2.1.2 Global Vape Sales 2020-2031
2.2 Vape Market Size by Region: 2024 Versus 2031
2.3 Vape Sales by Region (2020-2031)
2.3.1 Global Vape Sales by Region: 2020-2025
2.3.2 Global Vape Sales Forecast by Region (2026-2031)
2.3.3 Global Vape Sales Market Share by Region (2020-2031)
2.4 Vape Market Estimates and Projections by Region (2026-2031)
2.4.1 Global Vape Revenue by Region: 2020-2025
2.4.2 Global Vape Revenue Forecast by Region (2026-2031)
2.4.3 Global Vape Revenue Market Share by Region (2020-2031)
3 Market Segments
3.1 Breakdown Data by Type
3.1.1 Global Vape Sales by Type (2020-2031)
3.1.1.1 Global Vape Sales Volume by Type (2020-2031)
3.1.1.2 Global Vape Sales Market Share by Type (2020-2031)
3.1.2 Global Vape Revenue by Type (2020-2031)
3.1.2.1 Global Vape Revenue by Type (2020-2031)
3.1.2.2 Global Vape Revenue Market Share by Type (2020-2031)
3.1.3 Vape Average Selling Price (ASP) by Type (2020-2031)
3.2 Breakdown Data by Sales Channel
3.2.1 Global Vape Sales by Sales Channel (2020-2031)
3.2.1.1 Global Vape Sales Volume by Sales Channel (2020-2031)
3.2.1.2 Global Vape Sales Market Share by Sales Channel (2020-2031)
3.2.2 Global Vape Revenue by Sales Channel (2020-2031)
3.2.2.1 Global Vape Revenue by Sales Channel (2020-2031)
3.2.2.2 Global Vape Revenue Market Share by Sales Channel (2020-2031)
3.2.3 Vape Average Selling Price (ASP) by Sales Channel (2020-2031)
3.3 by Type and by Sales Channel Crossing Analysis
3.3.1 E-vapor of Vape Revenue Market Share by Sales Channel
3.3.2 Heated Not Burn of Vape Revenue Market Share by Sales Channel
4 Global Vape by Manufacturers
4.1 Global Top Vape Manufacturers by Sales (2020-2025)
4.1.1 Global Vape Sales by Manufacturer (2020-2025)
4.1.2 Global Vape Sales Market Share by Manufacturer (2020-2025)
4.2 Global Top Vape Manufacturers by Revenue (2020-2025)
4.2.1 Global Vape Revenue by Manufacturer (2020-2025)
4.2.2 Global Vape Revenue Share by Manufacturer (2020-2025)
4.3 Global Vape Price by Manufacturer (2020-2025)
4.4 Competitive Landscape
4.4.1 Key Vape Manufacturers Covered: Ranking by Revenue
4.4.2 Global Vape Market Concentration Ratio (CR5 and HHI) & (2020-2025)
4.4.3 Global Vape Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5 Global Vape Manufacturing Base Distribution, Product Type
4.5.1 Vape Manufacturers Manufacturing Base Distribution, Headquarters
4.5.2 Date of International Manufacturers Enter into Vape Market
4.5.3 Manufacturers Vape Product Type and Application
4.5.4 E-vapor Market Sales of Vape by Manufacturer
4.5.5 Heated Not Burn Market Sales of Vape by Manufacturer
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
5 Company Profiles
5.1 Imperial Tobacco
5.1.1 Imperial Tobacco Company Information
5.1.2 Imperial Tobacco Description, Business Overview
5.1.3 Imperial Tobacco Vape Products Offered
5.1.4 Imperial Tobacco Vape Sales, Revenue and Gross Margin (2020-2025)
5.1.5 Imperial Tobacco Vape Sales by Product in 2024
5.1.6 Imperial Tobacco Vape Sales by Sales Channel in 2024
5.1.7 Imperial Tobacco Vape Sales by Geographic Area in 2024
5.1.8 Imperial Tobacco Recent Developments
5.2 British American Tobacco
5.2.1 British American Tobacco Company Information
5.2.2 British American Tobacco Description, Business Overview
5.2.3 British American Tobacco Vape Products Offered
5.2.4 British American Tobacco Vape Sales, Revenue and Gross Margin (2020-2025)
5.2.5 British American Tobacco Vape Sales by Product in 2024
5.2.6 British American Tobacco Vape Sales by Sales Channel in 2024
5.2.7 British American Tobacco Vape Sales by Geographic Area in 2024
5.2.8 British American Tobacco Recent Developments
5.3 Japan Tobacco
5.3.1 Japan Tobacco Company Information
5.3.2 Japan Tobacco Description, Business Overview
5.3.3 Japan Tobacco Vape Products Offered
5.3.4 Japan Tobacco Vape Sales, Revenue and Gross Margin (2020-2025)
5.3.5 Japan Tobacco Vape Sales by Product in 2024
5.3.6 Japan Tobacco Vape Sales by Sales Channel in 2024
5.3.7 Japan Tobacco Vape Sales by Geographic Area in 2024
5.3.8 Japan Tobacco Recent Developments
5.4 Altria
5.4.1 Altria Company Information
5.4.2 Altria Description, Business Overview
5.4.3 Altria Vape Products Offered
5.4.4 Altria Vape Sales, Revenue and Gross Margin (2020-2025)
5.4.5 Altria Vape Sales by Product in 2024
5.4.6 Altria Vape Sales by Sales Channel in 2024
5.4.7 Altria Vape Sales by Geographic Area in 2024
5.4.8 Altria Recent Developments
5.5 Philip Morris International
5.5.1 Philip Morris International Company Information
5.5.2 Philip Morris International Description, Business Overview
5.5.3 Philip Morris International Vape Products Offered
5.5.4 Philip Morris International Vape Sales, Revenue and Gross Margin (2020-2025)
5.5.5 Philip Morris International Vape Sales by Product in 2024
5.5.6 Philip Morris International Vape Sales by Sales Channel in 2024
5.5.7 Philip Morris International Vape Sales by Geographic Area in 2024
5.5.8 Philip Morris International Recent Developments
5.6 FirstUnion
5.6.1 FirstUnion Company Information
5.6.2 FirstUnion Description, Business Overview
5.6.3 FirstUnion Vape Products Offered
5.6.4 FirstUnion Vape Sales, Revenue and Gross Margin (2020-2025)
5.6.5 FirstUnion Vape Sales by Product in 2024
5.6.6 FirstUnion Vape Sales by Sales Channel in 2024
5.6.7 FirstUnion Vape Sales by Geographic Area in 2024
5.6.8 FirstUnion Recent Developments
5.7 Buddy Group
5.7.1 Buddy Group Company Information
5.7.2 Buddy Group Description, Business Overview
5.7.3 Buddy Group Vape Products Offered
5.7.4 Buddy Group Vape Sales, Revenue and Gross Margin (2020-2025)
5.7.5 Buddy Group Vape Sales by Product in 2024
5.7.6 Buddy Group Vape Sales by Sales Channel in 2024
5.7.7 Buddy Group Vape Sales by Geographic Area in 2024
5.7.8 Buddy Group Recent Developments
5.8 Innokin
5.8.1 Innokin Company Information
5.8.2 Innokin Description, Business Overview
5.8.3 Innokin Vape Products Offered
5.8.4 Innokin Vape Sales, Revenue and Gross Margin (2020-2025)
5.8.5 Innokin Vape Sales by Product in 2024
5.8.6 Innokin Vape Sales by Sales Channel in 2024
5.8.7 Innokin Vape Sales by Geographic Area in 2024
5.8.8 Innokin Recent Developments
5.9 RELX
5.9.1 RELX Company Information
5.9.2 RELX Description, Business Overview
5.9.3 RELX Vape Products Offered
5.9.4 RELX Vape Sales, Revenue and Gross Margin (2020-2025)
5.9.5 RELX Vape Sales by Product in 2024
5.9.6 RELX Vape Sales by Sales Channel in 2024
5.9.7 RELX Vape Sales by Geographic Area in 2024
5.9.8 RELX Recent Developments
5.10 Smoore International
5.10.1 Smoore International Company Information
5.10.2 Smoore International Description, Business Overview
5.10.3 Smoore International Vape Products Offered
5.10.4 Smoore International Vape Sales, Revenue and Gross Margin (2020-2025)
5.10.5 Smoore International Vape Sales by Product in 2024
5.10.6 Smoore International Vape Sales by Sales Channel in 2024
5.10.7 Smoore International Vape Sales by Geographic Area in 2024
5.10.8 Smoore International Recent Developments
5.11 ELFBAR
5.11.1 ELFBAR Company Information
5.11.2 ELFBAR Description, Business Overview
5.11.3 ELFBAR Vape Products Offered
5.11.4 ELFBAR Vape Sales, Revenue and Gross Margin (2020-2025)
5.11.5 ELFBAR Vape Sales by Product in 2024
5.11.6 ELFBAR Vape Sales by Sales Channel in 2024
5.11.7 ELFBAR Vape Sales by Geographic Area in 2024
5.11.8 ELFBAR Recent Developments
5.12 SKE Crystal
5.12.1 SKE Crystal Company Information
5.12.2 SKE Crystal Description, Business Overview
5.12.3 SKE Crystal Vape Products Offered
5.12.4 SKE Crystal Vape Sales, Revenue and Gross Margin (2020-2025)
5.12.5 SKE Crystal Vape Sales by Product in 2024
5.12.6 SKE Crystal Vape Sales by Sales Channel in 2024
5.12.7 SKE Crystal Vape Sales by Geographic Area in 2024
5.12.8 SKE Crystal Recent Developments
5.13 Elux
5.13.1 Elux Company Information
5.13.2 Elux Description, Business Overview
5.13.3 Elux Vape Products Offered
5.13.4 Elux Vape Sales, Revenue and Gross Margin (2020-2025)
5.13.5 Elux Vape Sales by Product in 2024
5.13.6 Elux Vape Sales by Sales Channel in 2024
5.13.7 Elux Vape Sales by Geographic Area in 2024
5.13.8 Elux Recent Developments
5.14 MOTI
5.14.1 MOTI Company Information
5.14.2 MOTI Description, Business Overview
5.14.3 MOTI Vape Products Offered
5.14.4 MOTI Vape Sales, Revenue and Gross Margin (2020-2025)
5.14.5 MOTI Vape Sales by Product in 2024
5.14.6 MOTI Vape Sales by Sales Channel in 2024
5.14.7 MOTI Vape Sales by Geographic Area in 2024
5.14.8 MOTI Recent Developments
5.15 Boulder
5.15.1 Boulder Company Information
5.15.2 Boulder Description, Business Overview
5.15.3 Boulder Vape Products Offered
5.15.4 Boulder Vape Sales, Revenue and Gross Margin (2020-2025)
5.15.5 Boulder Vape Sales by Product in 2024
5.15.6 Boulder Vape Sales by Sales Channel in 2024
5.15.7 Boulder Vape Sales by Geographic Area in 2024
5.15.8 Boulder Recent Developments
6 North America
6.1 North America Vape Market Size YoY Growth 2020-2031
6.2 North America Vape Market Facts & Figures by Country
6.2.1 North America Vape Sales by Country (2020-2031)
6.2.2 North America Vape Revenue by Country (2020-2031)
6.3 North America Vape Sales by Type (2020-2025)
6.4 North America Vape Sales by Sales Channel (2020-2025)
7 Asia-Pacific
7.1 Asia-Pacific Vape Market Size YoY Growth 2020-2031
7.2 Asia-Pacific Vape Market Facts & Figures by Region
7.2.1 Asia-Pacific Vape Sales by Region (2020-2031)
7.2.2 Asia-Pacific Vape Revenue by Region (2020-2031)
7.3 Asia-Pacific Vape Sales by Type (2020-2025)
7.4 Asia-Pacific Vape Sales by Sales Channel (2020-2025)
8 Europe
8.1 Europe Vape Market Size YoY Growth 2020-2031
8.2 Europe Vape Market Facts & Figures by Country
8.2.1 Europe Vape Sales by Country (2020-2031)
8.2.2 Europe Vape Revenue by Country (2020-2031)
8.3 Europe Vape Sales by Type (2020-2025)
8.4 Europe Vape Sales by Sales Channel (2020-2025)
9 Latin America
9.1 Latin America Vape Market Size YoY Growth 2020-2031
9.2 Latin America Vape Market Facts & Figures by Country
9.2.1 Latin America Vape Sales by Country (2020-2031)
9.2.2 Latin America Vape Revenue by Country (2020-2031)
9.3 Latin America Vape Sales by Type (2020-2025)
9.4 Latin America Vape Sales by Sales Channel (2020-2025)
10 Middle East and Africa
10.1 Latin America Vape Market Size YoY Growth 2020-2031
10.2 Middle East and Africa Vape Market Facts & Figures by Country
10.2.1 Middle East and Africa Vape Sales by Country (2020-2031)
10.2.2 Middle East and Africa Vape Revenue by Country (2020-2031)
10.3 Middle East and Africa Vape Sales by Type (2020-2025)
10.4 Middle East and Africa Vape Sales by Sales Channel (2020-2025)
11 Supply Chain and Sales Channel analysis
11.1 Vape Supply Chain Analysis
11.2 Vape Key Raw Materials and Upstream Suppliers
11.3 Vape Clients Analysis
11.4 Vape Sales Channel and Sales Model Analysis
11.4.1 Vape Distribution Channel Analysis: Indirect Sales VS Direct Sales
11.4.2 Vape Distribution Channel Analysis: Online Sales VS Offline Sales
11.4.3 Vape Distributors
12 Vape Market Dynamics
12.1 Vape Industry Trends
12.2 Vape Market Drivers
12.3 Vape Market Challenges
12.4 Vape Market Restraints
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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