The global Pod Vapes Market study presents an all in all compilation of the historical, current and future outlook of the Market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Pod Vapes Market player in a comprehensive way. Further, the Pod Vapes Market report emphasizes the adoption pattern of the Pod Vapes across various industries. A recent study of Fact.MR estimates sales of pod vapes to reach 500 million units in 2019, and register a Y-o-Y growth of 18.5% over 2018. The pod vapes market is projected to grow at 18.8% CAGR through 2027.
The Pod Vapes Market report highlights the following players:
Japan Tobacco Inc. and Shenzhen iSmoka Electronics Co Ltd. Other companies operating in the pod vapes market are Shenzhen Joye Technology Co Ltd., Shenzhen Kanger Technology Co Ltd., and Shenzhen IVPS Technology Co. Ltd.
The Pod Vapes Market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
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The report divides the pod vapes market on the basis of product type, nicotine concentration, pod capacity, battery capacity, and flavor type.
On the basis of nicotine concentration, the pod vapes market can be segmented into up to 25mg, 25mg to 50mg and above 50mg.
Based on the product type, the pod vapes market can be segmented into open pod systems and closed pod systems.
On the basis of pod capacity, the pod vapes market can be segmented into up to 1ml, 1ml to 2ml, and above 2ml.
Based on the battery capacity, the pod vapes market can be segmented into up to 200mAh, 200mAh to 300mAh, and above 300 mAh.
On the basis of flavor type, the pod vapes market can be segmented into mint, mango, grape, cherry, blueberry, tobacco, Virginia, donut, and others.
Substantial Investments by Tobacco Companies to keep Market Growth Robust
To capitalize on the growing demand for pod vapes and e-cigarettes, numerous tobacco companies are venturing into the market with new product launches. A significant decline in the demand for cigarettes is prompting tobacco companies to enter the vaping market. Tobacco companies are leveraging the positive consumer perception of pod vapes to maximize their profits. In order to market vaping products, multiple tobacco companies are funding researches to compare the harmful effects of e-cigarettes and normal cigarettes.