$3.0bn
$XXX.Xm
11,342
91
$XXX.Xm
E-cigarette manufacturing has evolved significantly since its inception, becoming a competitive battlefield. Traditional tobacco companies have moved into the space to seize revenue from former smokers and new users alike. As a result, similar dichotomies are emerging, wherein the biggest producers generate astronomical profit while the average producer contends with less favorable conditions. Regulatory authorities such as the FDA and CDC have imposed strict measures since 2019 to curb the growing youth e-cigarette epidemic. In response, a slew of disposable e-cigarette brands have flooded the market, but producers still struggle to maintain steady revenue growth. Over the past five years, revenue has been sinking at a CAGR of 1.4% and is expected to climb 0.8% in 2024, reaching $3.0 billion.
Industry revenue has declined at a CAGR of 1.4 % over the past five years, to reach an estimated $3.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Juul Labs, Inc. | 792.1 | 210.7 | 26.6 | |
Reynolds American Inc. | 462.2 | 205.4 | 44.4 |
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Industry revenue is measured across several distinct product and services lines, including Closed system vaping devices, Electronic cigarettes and Open system vaping devices. Closed system vaping devices is the largest segment of the E-cigarette Manufacturing in the US.
Open-system vaping devices see a modest revenue climb
The electronic cigarette (e-cigarette) manufacturing industry includes operators whose primary activity involves the manufacture of open and closed system alternative nicotine delivery devices, while the production of nicotine salts, liquids or refill cartridges for use in industry products is not included in this industry.
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NAICS 33999 - E-cigarette Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Regulatory actions target teen vaping. FDA, CDC and local efforts include banning flavored e-cigarettes and imposing taxes to reduce youth appeal and accessibility. These mea...
Learn about an industry's products and services, markets and trends in international trade.
Retail outlets dominate e-cigarette revenue. Convenience and big-box stores now surpass vape shops, driven by the popularity of closed-system and disposable units. Vape shops...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Great Lakes region is strategic for e-cigarette manufacturers. Proximity to Canada's export market and advanced electrical equipment hubs support high-quality production ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Smoking cessation products and traditional tobacco are strong substitutes. Nicotine patches and gum attract health-conscious consumers, while conventional cigarettes and ciga...
Learn about the performance of the top companies in the industry.
Reynolds US partners with TrueAge to limit youth exposure. Sponsoring the age-verification system demonstrates their commitment to preventing underage access to tobacco produ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulatory levels are high and rising. FDA, CDC and other agencies enforce strict rules on e-cigarette manufacturing and sales to ensure safety and curb underage use. This re...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
E-cigarette producers maintain high profitability despite challenges. Variable input prices and stringent regulations have impacted profit. Early movers with solid brand iden...
Including values and annual change:
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Key data sources in the US include:
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The market size of the E-cigarette Manufacturing in the US industry in United States is $3.0bn in 2024.
There are 91 businesses in the E-cigarette Manufacturing in the US industry in United States, which has grown at a CAGR of 15.1 % between 2019 and 2024.
The market size of the E-cigarette Manufacturing in the US industry in United States has been declining at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the E-cigarette Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the E-cigarette Manufacturing market in United States are Juul Labs, Inc. and Reynolds American Inc.
Manufacturing open system alternative nicotine delivery devices and Manufacturing closed system alternative nicotine delivery devices are part of the E-cigarette Manufacturing in the US industry.
The company holding the most market share in United States is Juul Labs, Inc..
The level of competition is high and increasing in the E-cigarette Manufacturing in the US industry in United States.