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The Heat-Not-Burn Tobacco Products Market 2020-2024- Altria Group Inc., Ballantyne Brands LLC, British American Tobacco Plc, among others to contribute to the market growth

BusinessWire - Thu Nov 19, 4:30PM CST

The heat-not-burn tobacco products market is poised to grow by $ 22.22 bn during 2020-2024, progressing at a CAGR of over 26% during the forecast period. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

This press release features multimedia. View the full release here:

The report on the heat-not-burn tobacco products market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by the cost-effectiveness of heat-not-burn tobacco products.

The heat-not-burn tobacco products market analysis includes product segment and geography landscape. This study identifies that as the heat-not-burn tobacco products are relatively safer than conventional cigarettes, it is one of the prime reasons driving the heat-not-burn tobacco products market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The heat-not-burn tobacco products market covers the following areas:

Heat-Not-Burn Tobacco Products Market SizingHeat-Not-Burn Tobacco Products Market ForecastHeat-Not-Burn Tobacco Products Market Analysis

Companies Mentioned

Altria Group Inc.Ballantyne Brands LLCBritish American Tobacco PlcImperial Brands PlcJapan Tobacco Inc.Korea Tobacco & Ginseng Corp.PAX Labs Inc.Philip Morris International Inc.Shenzhen Yukan Technology Co. Ltd.Vapor Tobacco Manufacturing LLC

Key Topics Covered:

Executive Summary

Market Overview

Market Landscape

Market ecosystemValue chain analysis

Market Sizing

Market definitionMarket segment analysisMarket size 2019Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

Five Forces SummaryBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket condition

Market Segmentation by Product

Market segmentsComparison by Product placementDevices - Market size and forecast 2019-2024Capsules - Market size and forecast 2019-2024Vaporizers - Market size and forecast 2019-2024Market opportunity by Product

Customer landscape


Geographic Landscape

Geographic segmentationGeographic comparisonAPAC - Market size and forecast 2019-2024North America - Market size and forecast 2019-2024Europe - Market size and forecast 2019-2024MEA - Market size and forecast 2019-2024South America - Market size and forecast 2019-2024Key leading countriesMarket opportunity by geography

Drivers, Challenges, and Trends

Market driversVolume driver - Demand led growthVolume driver - Supply led growthVolume driver - External factorsVolume driver - Demand shift in adjacent marketsPrice driver - InflationPrice driver - Shift from lower to higher-priced unitsMarket challengesMarket trends

Vendor Landscape

OverviewVendor landscapeLandscape disruption

Vendor Analysis

Vendors coveredMarket positioning of vendorsAltria Group Inc.Ballantyne Brands LLCBritish American Tobacco PlcImperial Brands PlcJapan Tobacco, Inc.Korea Tobacco & Ginseng Corp.PAX Labs, Inc.Philip Morris International Inc.Shenzhen Yukan Technology Co. Ltd.Vapor Tobacco Manufacturing LLC


Scope of the reportCurrency conversion rates for US$Research methodologyList of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research">

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