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Follow on Google News | Battling the Established, E-cigarette industry poised to become a $50 billion industry by 2025!The 314 page report from BIS, has laid special emphasis on the role of consortiums, compliances, certifications, and regulatory bodies in increasing the acceptance of e-cigarettes globally as well as regulating the manufacturing and distribution.
By: Bis Research In spite of the paucity of information and non-uniformity of regulations, BIS Research has estimated the industry to grow over $50 billion by 2025 at a CAGR of 22.36% through 2015 to 2025. The 314 page report from BIS, has laid special emphasis on the role of consortiums, compliances, certifications, and regulatory bodies in increasing the acceptance of e-cigarettes globally as well as regulating the manufacturing and distribution of e-cigarettes. Moreover, having identified the flurry of activities in the form of acquisitions, product launch, and lawsuit filings among others the report has incorporated a separate section of detailed market entropy. In addition to a detailed analysis of the competitive attractiveness of the industry, the report includes market estimations and forecast by the e-cigarette product types and geographical locations. The ongoing changes in the industry has attributed to the incorporation of a detailed chapter on market dynamics in the report, encompassing the key market drivers, restraints and opportunities for the market through the forecast period. E-cigarette manufacturers and suppliers are yet to establish their products as safe and efficient from health and smoking cessation viewpoints. Although, the market is exhibiting unprecedented growth in the U.S. and European countries, contrary to the current market position of APAC, China has become the manufacturing hub for the global e-cigarette market, producing more than 80% of the total e-cigarette and accessories production worldwide. The analysts at BIS Research believe that the market will witness a staggering growth until 2017, by when most of the regulatory and policy framework will fall into place. Moreover, the growth rate can be further boosted with increasing spending on research activities by government agencies and market players. About BIS Research(http://bisresearch.com): BIS Research (Business Intelligence and Strategy Research) is a global market research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market. BIS Research publishes in-depth global market intelligence reports across different industry verticals-Electronics, Semiconductor, Telecom, Information Technology, Automotive, Medical Devices, and other emerging technologies. End
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