The retail store segment accounted for the highest market share of over 80% in 2022. E-cigarettes were formerly offered for sale in retail locations like vape shops and gas stations. These stores helped clients choose from a variety of equipment and e-liquids. Vape shops are allowing clients to try out and test these devices before making a purchase decision, which is contributing to the retail store category’s growth during the projection period.

To learn more about this report, request a free sample copy

The online segment is anticipated to register a significant growth rate over the forecast period. People are increasingly buying e-cigarettes and vape products online because of the advantages of competitive pricing, convenience, and a greater selection of goods available on online marketplaces. The Asia Pacific region has seen the emergence of numerous internet stores selling e-cigarettes. The region has also experienced an increase in the market for e-cigarette goods, which has prompted vendors to offer e-cigarettes for sale online.