What’s driving the Japan E-Cigarette Market Trends?

Japan E-Cigarette Market

Japan e-cigarette market is expected to reach $4.5 billion by 2024, growing at a CAGR of 22.6% from 2019-2024. Fostering demand for smokeless and ash-less vaping, increasing product innovations by manufacturers, and focus on mitigating health risks, are the key drivers supporting the growth of Japan e-cigarette market.

On the basis of e-cigarette aftermarket, the market has been classified into refill, battery, charger, and others, wherein others include atomizers, tanks, and coils; among these, refill category held the largest share in 2018. Moreover, refill market has been bifurcated into nicotine-based and non-nicotine-based liquids, of these, nicotine-based liquid category held the largest share in the Japanese e-cigarette market in 2018.

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Based on product, Japan e-cigarette market has been categorized into vape mod, vaporizer, t-vapor, and cig-a-like. Among these, t-vapor held the largest revenue share in 2018. Further, on the basis of type, cig-a-like has been divided into rechargeable and disposable, of these, rechargeable cig-a-like category held the largest share in 2018.

Continuous development in the e-cigarette technology is driving the e-cigarette market in Japan. Tobacco manufacturers are increasingly focusing on new technology development to have an edge over their competitors. Major tobacco companies are introducing numerous innovative products that could assist them to increase their footprint across emerging markets.

The Japan e-cigarette market is highly competitive in nature, with companies such as Philip Morris International Inc., Japan Tobacco Inc., and British American Tobacco plc, operating as key players, acquired majority of the share in 2018; wherein Philip Morris International plc is the leading player owing to the success of its product “IQOS”, T-Vapor product type, in the country.

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Some of the major players in the Japan e-cigarette market include Philip Morris International Inc., British American Tobacco p.l.c., Altria Group Inc., Japan Tobacco Inc., Imperial Brands PLC, JUUL Labs Inc., Shenzhen iSmoka Electronics Co., Ltd., Shenzhen IVPS Technology Corporation Ltd., Innokin Technology Co. Ltd, Shenzhen Kanger Technology Co., Ltd., and Pax Labs, Inc.

Japan E-Cigarette Market

Market Segmentation by Product

• Cig-a-like
o Disposable
o Rechargeable
• Vaporizer
o Open tank
o Closed system
• Vape Mod
• T-Vapor
o Heat-not-burn
o Infused

Market Segmentation by Gender

• Male
• Female

Market Segmentation by Age-Group

• 16-24
• 25-34
• 35-44
• 45-54
• 55-65
• 65+

Market Segmentation by Distribution Channel

• Vape Shops
• Online
• Hypermarket/Supermarket
• Tobacconist
• Others

Read More Related Reports:

U.K. E-Cigarette Market : https://www.psmarketresearch.com/market-analysis/uk-e-cigarette-market

South Korea E-Cigarette Market : https://www.psmarketresearch.com/market-analysis/south-korea-e-cigarette-market

E-Cigarette Market : www.psmarketresearch.com/market-analysis/e-cigarette-market

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