Global Vaping Tank Market 2018-2022

Below are some of the key findings from the vaping tank market research report

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Global vaping tank industry overview

Several government agencies have increasingly started urging smokers to quit smoking conventional cigarettes and try safer alternatives available in the market. In addition, the surging number of vape shops and stores across the globe has also flourished the demand and popularity of vaping products and e-cigarette-based products in recent years. Consequently, the rising number of vapers in several economies including the US, the UK, France, Germany, Italy, Spain, South Korea, and Poland are leading the vaping tank to register a CAGR of close to 29% during the forecast period.

The growing e-commerce-based retailing is one of the key trends expected to gain prominence in the market. Vendors are enhancing their profitability through the growing e-commerce businesses. The rising number of online shoppers across the world will eventually translate into an increasing sale of the vaping tank products through omnichannel retailing. The trend of online shopping portals is further encouraging several manufacturers for concentrating on the internet-savvy customer segment and exploring the new online retail format. This will further drive the adoption of vaping tanks across the advanced and emerging economies.

Top vaping tank companies covered in this market research report

The vaping tank market is moderately fragmented with companies focusing on the mergers and acquisitions to increase their market share and presence. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the companies, this vaping tank industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

• Aspire
• IJOY
• Imperial Brands
• Innokin Technology
• Joyetech Group
• Shenzhen IVPS Technology
• VapeFly.net

Vaping tank market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas will account for the highest vaping tank market revenue throughout the forecast period due to the rising demand and popularity of OVT products coupled with the rising number of convenience stores, supermarkets, hypermarkets, and vape shops. The APAC region will contribute to the fastest growth in the market due to the growing demand for vaping tank products in countries including India, China, Australia, Malaysia, and South Korea.

Vaping tank market segmentation based on product

• OVT
• CVT

The OVT segment will account for the highest vaping tank market growth due to the rising number of organized retailing outlets offering OVT products and the growing number of new product launches featuring OVT products. Additionally, the report also provides an accurate prediction of the contribution of the various product segments to the growth of the vaping tank market size.

Key highlights of the global vaping tank market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the vaping tank market during the next five years
• Precise estimation of the global vaping tank market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the vaping tank industry across the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of vaping tank companies

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