APO Research

APO RESEARCH · REPORT

E-cigarettes and Vaping

E-cigarette is a kind of electronic product that imitates cigarette. It has the same appearance, smoke, taste and feeling as cigarette. It is a kind of product that can be inhaled by users after nicotine is turned into steam by means of atomization.

Product & engineering

Understand the product.

E-cigarette is a kind of electronic product that imitates cigarette. It has the same appearance, smoke, taste and feeling as cigarette. It is a kind of product that can be inhaled by users after nicotine is turned into steam by means of atomization.

Electronic cigarette is composed of atomizer, control chip and battery. When the electronic cigarette is working, the liquid of the electronic cigarette is transferred to the atomization room, and then connected through the smoking air switch, and then the control chip (lithium battery drive) controls the heating of the atomization room to generate the vapor fog simulating the smoke, so as to meet the pleasure of smokers and the psychological habits developed for many years.

Selected research

Industry Growth & Trends

Global E-cigarettes and Vaping Industry Growth and Trends Forecast to 2032

Market perspective

E-cigarette is a kind of electronic product that imitates cigarette. It has the same appearance, smoke, taste and feeling as cigarette. It is a kind of product that can be inhaled by users after nicotine is turned into steam by means of atomization.

Electronic cigarette is composed of atomizer, control chip and battery. When the electronic cigarette is working, the liquid of the electronic cigarette is transferred to the atomization room, and then connected through the smoking air switch, and then the control chip (lithium battery drive) controls the heating of the atomization room to generate the vapor fog simulating the smoke, so as to meet the pleasure of smokers and the psychological habits developed for many years.

There are two main types of E-cigarettes and Vaping products: with and without display screen. Among them, the largest proportion is without display screen. In 2019, the market share is about 87%, accounting for more than half of the total market.

Read the full market overview

North America is the main sales area, accounting for about 42% of the global total sales. In the U.S. market, e-cigarettes are mainly occupied by large manufacturers affiliated to large multinational tobacco companies. Altria Group、Imperial Tobacco、ReynoldsAmerican、Japan Tobacco Inc and other well-known multinational tobacco companies have set up e-cigarette field, accounting for about 70-80% of the market space.

Report Scope

This report provides a structured, data-driven view of the global E-cigarettes and Vaping market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.

The E-cigarettes and Vaping market size, estimates, and forecasts are presented in terms of sales volume (K Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global E-cigarettes and Vaping market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to E-cigarettes and Vaping.

Key Companies & Market Share Insights

This section analyzes the strategies and performance of leading manufacturers in the global E-cigarettes and Vaping market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.

E-cigarettes and Vaping Market by Company

Imperial Tobacco

ReynoldsAmerican

Japan Tobacco Inc.

Altria Group

VMR Product

Njoy

21st Century

Vaporcorp

Truvape

Shenzhen First Union Technology Co.,Ltd.

BUDDY

Guangdong Jeray Technology Group Co.,Ltd.

Innokin

Smoore

SMOK

Hangsen Group

E-cigarettes and Vaping Segment by Type

Without Screen

With Screen

E-cigarettes and Vaping Segment by Application

Online

Offline

E-cigarettes and Vaping Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global E-cigarettes and Vaping market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of E-cigarettes and Vaping and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of E-cigarettes and Vaping.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of E-cigarettes and Vaping manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of E-cigarettes and Vaping in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Major Company of Without Screen Table 2. Major Company of With Screen Table 3. Global E-cigarettes and Vaping Sales by Type (2021 VS 2025 VS 2032) & (US$ Million) Table 4. Global E-cigarettes and Vaping Sales by Type (2021-2026) & (K Units) Table 5. Global E-cigarettes and Vaping Sales Market Share in Volume by Type (2021-2026) Table 6. Global E-cigarettes and Vaping Sales by Type (2021-2026) & (US$ Million) Table 7. Global E-cigarettes and Vaping Sales Market Share in Value by Type (2021-2026) Table 8. Global E-cigarettes and Vaping Price by Type (2021-2026) & (USD/Unit) Table 9. Global E-cigarettes and Vaping Sales by Type (2027-2032) & (K Units) Table 10. Global E-cigarettes and Vaping Sales Market Share in Volume by Type (2027-2032) Table 11. Global E-cigarettes and Vaping Sales by Type (2027-2032) & (US$ Million) Table 12. Global E-cigarettes and Vaping Sales Market Share in Value by Type (2027-2032) Table 13. Global E-cigarettes and Vaping Price by Type (2027-2032) & (USD/Unit) Table 14. North America E-cigarettes and Vaping Sales by Type (2021-2026) & (K Units) Table 15. North America E-cigarettes and Vaping Sales by Type (2021-2026) & (US$ Million) Table 16. Europe E-cigarettes and Vaping Sales by Type (2021-2026) & (K Units) Table 17. Europe E-cigarettes and Vaping Sales by Type (2021-2026) & (US$ Million) Table 18. Asia-Pacific E-cigarettes and Vaping Sales by Type (2021-2026) & (K Units) Table 19. Asia-Pacific E-cigarettes and Vaping Sales by Type (2021-2026) & (US$ Million) Table 20. Latin America E-cigarettes and Vaping Sales by Type (2021-2026) & (K Units) Table 21. Latin America E-cigarettes and Vaping Sales by Type (2021-2026) & (US$ Million) Table 22. Middle East and Africa E-cigarettes and Vaping Sales by Type (2021-2026) & (K Units) Table 23. Middle East and Africa E-cigarettes and Vaping Sales by Type (2021-2026) & (US$ Million) Table 24. E-cigarettes and Vaping Industry Trends Table 25. E-cigarettes and Vaping Industry Drivers Table 26. E-cigarettes and Vaping Industry Opportunities and Challenges Table 27. E-cigarettes and Vaping Industry Restraints Table 28. Global E-cigarettes and Vaping Sales Revenue by Company (US$ Million) & (2021-2026) Table 29. Global E-cigarettes and Vaping Revenue Market Share by Company (2021-2026) Table 30. Global E-cigarettes and Vaping Sales by Company (2021-2026) & (K Units) Table 31. Global E-cigarettes and Vaping Sales Share by Company (2021-2026) Table 32. Global E-cigarettes and Vaping Market Price by Company (2021-2026) & (USD/Unit) Table 33. Global E-cigarettes and Vaping Industry Company Ranking, 2024 VS 2025 VS 2026 Table 34. Global E-cigarettes and Vaping Major Company Production Sites and Headquarters Table 35. Global E-cigarettes and Vaping Company, Product Type & Application Table 36. Global E-cigarettes and Vaping Company Establishment Date Table 37. Global Company Market Concentration Ratio (CR5 and HHI) Table 38. Global E-cigarettes and Vaping by Company Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 39. Global E-cigarettes and Vaping Market Size Comparison by Region (US$ Million): 2021 VS 2025 VS 2032 Table 40. Global E-cigarettes and Vaping Sales by Region (2021-2026) & (K Units) Table 41. Global E-cigarettes and Vaping Sales Market Share in Volume by Region (2021-2026) Table 42. Global E-cigarettes and Vaping Sales by Region (2021-2026) & (US$ Million) Table 43. Global E-cigarettes and Vaping Sales Market Share in Value by Region (2021-2026) Table 44. Global E-cigarettes and Vaping Sales (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 45. Global E-cigarettes and Vaping Sales by Region (2027-2032) & (K Units) Table 46. Global E-cigarettes and Vaping Sales Market Share in Volume by Region (2027-2032) Table 47. Global E-cigarettes and Vaping Sales by Region (2027-2032) & (US$ Million) Table 48. Global E-cigarettes and Vaping Sales Market Share in Value by Region (2027-2032) Table 49. Global E-cigarettes and Vaping Sales (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2027-2032) Table 50. Global E-cigarettes and Vaping Sales by Application (2021 VS 2025 VS 2032) & (US$ Million) Table 51. Global E-cigarettes and Vaping Sales by Application (2021-2026) & (K Units) Table 52. Global E-cigarettes and Vaping Sales Market Share in Volume by Application (2021-2026) Table 53. Global E-cigarettes and Vaping Sales by Application (2021-2026) & (US$ Million) Table 54. Global E-cigarettes and Vaping Sales Market Share in Value by Application (2021-2026) Table 55. Global E-cigarettes and Vaping Price by Application (2021-2026) & (USD/Unit) Table 56. Global E-cigarettes and Vaping Sales by Application (2027-2032) & (K Units) Table 57. Global E-cigarettes and Vaping Sales Market Share in Volume by Application (2027-2032) Table 58. Global E-cigarettes and Vaping Sales by Application (2027-2032) & (US$ Million) Table 59. Global E-cigarettes and Vaping Sales Market Share in Value by Application (2027-2032) Table 60. Global E-cigarettes and Vaping Price by Application (2027-2032) & (USD/Unit) Table 61. North America E-cigarettes and Vaping Sales by Application (2021-2026) & (K Units) Table 62. North America E-cigarettes and Vaping Sales by Application (2021-2026) & (US$ Million) Table 63. Europe E-cigarettes and Vaping Sales by Application (2021-2026) & (K Units) Table 64. Europe E-cigarettes and Vaping Sales by Application (2021-2026) & (US$ Million) Table 65. Asia-Pacific E-cigarettes and Vaping Sales by Application (2021-2026) & (K Units) Table 66. Asia-Pacific E-cigarettes and Vaping Sales by Application (2021-2026) & (US$ Million) Table 67. Latin America E-cigarettes and Vaping Sales by Application (2021-2026) & (K Units) Table 68. Latin America E-cigarettes and Vaping Sales by Application (2021-2026) & (US$ Million) Table 69. Middle East and Africa E-cigarettes and Vaping Sales by Application (2021-2026) & (K Units) Table 70. Middle East and Africa E-cigarettes and Vaping Sales by Application (2021-2026) & (US$ Million) Table 71. Imperial Tobacco Company Information Table 72. Imperial Tobacco Business Overview Table 73. Imperial Tobacco E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 74. Imperial Tobacco E-cigarettes and Vaping Product Portfolio Table 75. Imperial Tobacco Recent Development Table 76. ReynoldsAmerican Company Information Table 77. ReynoldsAmerican Business Overview Table 78. ReynoldsAmerican E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 79. ReynoldsAmerican E-cigarettes and Vaping Product Portfolio Table 80. ReynoldsAmerican Recent Development Table 81. Japan Tobacco Inc. Company Information Table 82. Japan Tobacco Inc. Business Overview Table 83. Japan Tobacco Inc. E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 84. Japan Tobacco Inc. E-cigarettes and Vaping Product Portfolio Table 85. Japan Tobacco Inc. Recent Development Table 86. Altria Group Company Information Table 87. Altria Group Business Overview Table 88. Altria Group E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 89. Altria Group E-cigarettes and Vaping Product Portfolio Table 90. Altria Group Recent Development Table 91. VMR Product Company Information Table 92. VMR Product Business Overview Table 93. VMR Product E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 94. VMR Product E-cigarettes and Vaping Product Portfolio Table 95. VMR Product Recent Development Table 96. Njoy Company Information Table 97. Njoy Business Overview Table 98. Njoy E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 99. Njoy E-cigarettes and Vaping Product Portfolio Table 100. Njoy Recent Development Table 101. 21st Century Company Information Table 102. 21st Century Business Overview Table 103. 21st Century E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 104. 21st Century E-cigarettes and Vaping Product Portfolio Table 105. 21st Century Recent Development Table 106. Vaporcorp Company Information Table 107. Vaporcorp Business Overview Table 108. Vaporcorp E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 109. Vaporcorp E-cigarettes and Vaping Product Portfolio Table 110. Vaporcorp Recent Development Table 111. Truvape Company Information Table 112. Truvape Business Overview Table 113. Truvape E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 114. Truvape E-cigarettes and Vaping Product Portfolio Table 115. Truvape Recent Development Table 116. Shenzhen First Union Technology Co.,Ltd. Company Information Table 117. Shenzhen First Union Technology Co.,Ltd. Business Overview Table 118. Shenzhen First Union Technology Co.,Ltd. E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 119. Shenzhen First Union Technology Co.,Ltd. E-cigarettes and Vaping Product Portfolio Table 120. Shenzhen First Union Technology Co.,Ltd. Recent Development Table 121. BUDDY Company Information Table 122. BUDDY Business Overview Table 123. BUDDY E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 124. BUDDY E-cigarettes and Vaping Product Portfolio Table 125. BUDDY Recent Development Table 126. Guangdong Jeray Technology Group Co.,Ltd. Company Information Table 127. Guangdong Jeray Technology Group Co.,Ltd. Business Overview Table 128. Guangdong Jeray Technology Group Co.,Ltd. E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 129. Guangdong Jeray Technology Group Co.,Ltd. E-cigarettes and Vaping Product Portfolio Table 130. Guangdong Jeray Technology Group Co.,Ltd. Recent Development Table 131. Innokin Company Information Table 132. Innokin Business Overview Table 133. Innokin E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 134. Innokin E-cigarettes and Vaping Product Portfolio Table 135. Innokin Recent Development Table 136. Smoore Company Information Table 137. Smoore Business Overview Table 138. Smoore E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 139. Smoore E-cigarettes and Vaping Product Portfolio Table 140. Smoore Recent Development Table 141. SMOK Company Information Table 142. SMOK Business Overview Table 143. SMOK E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 144. SMOK E-cigarettes and Vaping Product Portfolio Table 145. SMOK Recent Development Table 146. Hangsen Group Company Information Table 147. Hangsen Group Business Overview Table 148. Hangsen Group E-cigarettes and Vaping Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2021-2026) Table 149. Hangsen Group E-cigarettes and Vaping Product Portfolio Table 150. Hangsen Group Recent Development Table 151. North America E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (K Units): 2021 VS 2025 VS 2032 Table 152. North America E-cigarettes and Vaping Sales by Country (2021-2026) & (K Units) Table 153. North America E-cigarettes and Vaping Sales Market Share by Country (2021-2026) Table 154. North America E-cigarettes and Vaping Sales Forecast by Country (2027-2032) & (K Units) Table 155. North America E-cigarettes and Vaping Sales Market Share Forecast by Country (2027-2032) Table 156. North America E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 157. North America E-cigarettes and Vaping Market Size by Country (2021-2026) & (US$ Million) Table 158. North America E-cigarettes and Vaping Market Share by Country (2021-2026) Table 159. North America E-cigarettes and Vaping Market Size Forecast by Country (2027-2032) & (US$ Million) Table 160. North America E-cigarettes and Vaping Market Share Forecast by Country (2027-2032) Table 161. Europe E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (K Units): 2021 VS 2025 VS 2032 Table 162. Europe E-cigarettes and Vaping Sales by Country (2021-2026) & (K Units) Table 163. Europe E-cigarettes and Vaping Sales Market Share by Country (2021-2026) Table 164. Europe E-cigarettes and Vaping Sales Forecast by Country (2027-2032) & (K Units) Table 165. Europe E-cigarettes and Vaping Sales Market Share Forecast by Country (2027-2032) Table 166. Europe E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 167. Europe E-cigarettes and Vaping Market Size by Country (2021-2026) & (US$ Million) Table 168. Europe E-cigarettes and Vaping Market Share by Country (2021-2026) Table 169. Europe E-cigarettes and Vaping Market Size Forecast by Country (2027-2032) & (US$ Million) Table 170. Europe E-cigarettes and Vaping Market Share Forecast by Country (2027-2032) Table 171. Asia-Pacific E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (K Units): 2021 VS 2025 VS 2032 Table 172. Asia-Pacific E-cigarettes and Vaping Sales by Country (2021-2026) & (K Units) Table 173. Asia-Pacific E-cigarettes and Vaping Sales Market Share by Country (2021-2026) Table 174. Asia-Pacific E-cigarettes and Vaping Sales Forecast by Country (2027-2032) & (K Units) Table 175. Asia-Pacific E-cigarettes and Vaping Sales Market Share Forecast by Country (2027-2032) Table 176. Asia-Pacific E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 177. Asia-Pacific E-cigarettes and Vaping Market Size by Country (2021-2026) & (US$ Million) Table 178. Asia-Pacific E-cigarettes and Vaping Market Share by Country (2021-2026) Table 179. Asia-Pacific E-cigarettes and Vaping Market Size Forecast by Country (2027-2032) & (US$ Million) Table 180. Asia-Pacific E-cigarettes and Vaping Market Share Forecast by Country (2027-2032) Table 181. Latin America E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (K Units): 2021 VS 2025 VS 2032 Table 182. Latin America E-cigarettes and Vaping Sales by Country (2021-2026) & (K Units) Table 183. Latin America E-cigarettes and Vaping Sales Market Share by Country (2021-2026) Table 184. Latin America E-cigarettes and Vaping Sales Forecast by Country (2027-2032) & (K Units) Table 185. Latin America E-cigarettes and Vaping Sales Market Share Forecast by Country (2027-2032) Table 186. Latin America E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 187. Latin America E-cigarettes and Vaping Market Size by Country (2021-2026) & (US$ Million) Table 188. Latin America E-cigarettes and Vaping Market Share by Country (2021-2026) Table 189. Latin America E-cigarettes and Vaping Market Size Forecast by Country (2027-2032) & (US$ Million) Table 190. Latin America E-cigarettes and Vaping Market Share Forecast by Country (2027-2032) Table 191. Middle East and Africa E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (K Units): 2021 VS 2025 VS 2032 Table 192. Middle East and Africa E-cigarettes and Vaping Sales by Country (2021-2026) & (K Units) Table 193. Middle East and Africa E-cigarettes and Vaping Sales Market Share by Country (2021-2026) Table 194. Middle East and Africa E-cigarettes and Vaping Sales Forecast by Country (2027-2032) & (K Units) Table 195. Middle East and Africa E-cigarettes and Vaping Sales Market Share Forecast by Country (2027-2032) Table 196. Middle East and Africa E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 197. Middle East and Africa E-cigarettes and Vaping Market Size by Country (2021-2026) & (US$ Million) Table 198. Middle East and Africa E-cigarettes and Vaping Market Share by Country (2021-2026) Table 199. Middle East and Africa E-cigarettes and Vaping Market Size Forecast by Country (2027-2032) & (US$ Million) Table 200. Middle East and Africa E-cigarettes and Vaping Market Share Forecast by Country (2027-2032) Table 201. Key Raw Materials Table 202. Raw Materials Key Suppliers Table 203. E-cigarettes and Vaping Distributors List Table 204. E-cigarettes and Vaping Customers List Table 205. Research Programs/Design for This Report Table 206. Authors List of This Report Table 207. Secondary Sources Table 208. Primary Sources List of Figures Figure 1. E-cigarettes and Vaping Image Figure 2. Global E-cigarettes and Vaping Market Size (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global E-cigarettes and Vaping Market Size (2021-2032) & (US$ Million) Figure 4. Global E-cigarettes and Vaping Sales (2021-2032) & (K Units) Figure 5. Without Screen Image Figure 6. Global Without Screen Sales YoY Growth (2021-2032) & (K Units) Figure 7. With Screen Image Figure 8. Global With Screen Sales YoY Growth (2021-2032) & (K Units) Figure 9. Global E-cigarettes and Vaping Market Size Overview by Type (2021-2032) & (US$ Million) Figure 10. Global E-cigarettes and Vaping Market Share by Type 2025 VS 2032 Figure 11. North America E-cigarettes and Vaping Sales Market Share in Volume by Type in 2025 Figure 12. North America E-cigarettes and Vaping Sales Market Share in Value by Type in 2025 Figure 13. Europe E-cigarettes and Vaping Sales Market Share in Volume by Type in 2025 Figure 14. Europe E-cigarettes and Vaping Sales Market Share in Value by Type in 2025 Figure 15. Asia-Pacific E-cigarettes and Vaping Sales Market Share in Volume by Type in 2025 Figure 16. Asia-Pacific E-cigarettes and Vaping Sales Market Share in Value by Type in 2025 Figure 17. Latin America E-cigarettes and Vaping Sales Market Share in Volume by Type in 2025 Figure 18. Latin America E-cigarettes and Vaping Sales Market Share in Value by Type in 2025 Figure 19. Middle East and Africa E-cigarettes and Vaping Sales Market Share in Volume by Type in 2025 Figure 20. Middle East and Africa E-cigarettes and Vaping Sales Market Share in Value by Type in 2025 Figure 21. Global Top 5 and 10 E-cigarettes and Vaping Players Market Share by Revenue in 2025 Figure 22. Company Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 23. Online Image Figure 24. Global Online Sales YoY Growth (2021-2032) & (K Units) Figure 25. Offline Image Figure 26. Global Offline Sales YoY Growth (2021-2032) & (K Units) Figure 27. Global E-cigarettes and Vaping Market Size Overview by Application (2021-2032) & (US$ Million) Figure 28. Global E-cigarettes and Vaping Market Share by Application 2025 VS 2032 Figure 29. North America E-cigarettes and Vaping Sales Market Share in Volume by Application in 2025 Figure 30. North America E-cigarettes and Vaping Sales Market Share in Value by Application in 2025 Figure 31. Europe E-cigarettes and Vaping Sales Market Share in Volume by Application in 2025 Figure 32. Europe E-cigarettes and Vaping Sales Market Share in Value by Application in 2025 Figure 33. Asia-Pacific E-cigarettes and Vaping Sales Market Share in Volume by Application in 2025 Figure 34. Asia-Pacific E-cigarettes and Vaping Sales Market Share in Value by Application in 2025 Figure 35. Latin America E-cigarettes and Vaping Sales Market Share in Volume by Application in 2025 Figure 36. Latin America E-cigarettes and Vaping Sales Market Share in Value by Application in 2025 Figure 37. Middle East and Africa E-cigarettes and Vaping Sales Market Share in Volume by Application in 2025 Figure 38. Middle East and Africa E-cigarettes and Vaping Sales Market Share in Value by Application in 2025 Figure 39. North America E-cigarettes and Vaping Sales by Country: 2021 VS 2025 VS 2032 (K Units) Figure 40. North America E-cigarettes and Vaping Sales Share by Country: 2021 VS 2025 VS 2032 Figure 41. North America E-cigarettes and Vaping Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 42. North America E-cigarettes and Vaping Market Share by Country: 2021 VS 2025 VS 2032 Figure 43. Europe E-cigarettes and Vaping Sales by Country: 2021 VS 2025 VS 2032 (K Units) Figure 44. Europe E-cigarettes and Vaping Sales Share by Country: 2021 VS 2025 VS 2032 Figure 45. Europe E-cigarettes and Vaping Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 46. Europe E-cigarettes and Vaping Market Share by Country: 2021 VS 2025 VS 2032 Figure 47. Asia-Pacific E-cigarettes and Vaping Sales by Country: 2021 VS 2025 VS 2032 (K Units) Figure 48. Asia-Pacific E-cigarettes and Vaping Sales Share by Country: 2021 VS 2025 VS 2032 Figure 49. Asia-Pacific E-cigarettes and Vaping Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 50. Asia-Pacific E-cigarettes and Vaping Market Share by Country: 2021 VS 2025 VS 2032 Figure 51. Latin America E-cigarettes and Vaping Sales by Country: 2021 VS 2025 VS 2032 (K Units) Figure 52. Latin America E-cigarettes and Vaping Sales Share by Country: 2021 VS 2025 VS 2032 Figure 53. Latin America E-cigarettes and Vaping Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 54. Latin America E-cigarettes and Vaping Market Share by Country: 2021 VS 2025 VS 2032 Figure 55. Middle East and Africa E-cigarettes and Vaping Sales by Country: 2021 VS 2025 VS 2032 (K Units) Figure 56. Middle East and Africa E-cigarettes and Vaping Sales Share by Country: 2021 VS 2025 VS 2032 Figure 57. Middle East and Africa E-cigarettes and Vaping Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 58. Middle East and Africa E-cigarettes and Vaping Market Share by Country: 2021 VS 2025 VS 2032 Figure 59. E-cigarettes and Vaping Value Chain Figure 60. Key Raw Materials Price Figure 61. Manufacturing Cost Structure Figure 62. E-cigarettes and Vaping Production Mode & Process Figure 63. Direct Comparison with Distribution Share Figure 64. Distributors Profiles Figure 65. Years Considered Figure 66. Research Process Figure 67. Key Executives Interviewed

Scope & coverage.

Types
  • Without Screen
  • With Screen
Applications
  • Online
  • Offline
Companies covered
  • Imperial Tobacco
  • ReynoldsAmerican
  • Japan Tobacco Inc.
  • Altria Group
  • VMR Product
  • Njoy
  • 21st Century
  • Vaporcorp
  • Truvape
  • Shenzhen First Union Technology Co.,Ltd.
  • BUDDY
  • Guangdong Jeray Technology Group Co.,Ltd.
  • Innokin
  • Smoore
  • SMOK
  • Hangsen Group

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global E-cigarettes and Vaping Market Size Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global E-cigarettes and Vaping Sales Estimates and Forecasts (2021-2032)
  5. 1.3 E-cigarettes and Vaping Market by Type
  6. 1.3.1 Without Screen
  7. 1.3.2 With Screen
  8. 1.4 Global E-cigarettes and Vaping Market Size by Type
  9. 1.4.1 Global E-cigarettes and Vaping Market Size Overview by Type (2021-2032)
  10. 1.4.2 Global E-cigarettes and Vaping Historic Market Size Review by Type (2021-2026)
  11. 1.4.3 Global E-cigarettes and Vaping Forecasted Market Size by Type (2027-2032)
  12. 1.5 Key Regions Market Size by Type
  13. 1.5.1 North America E-cigarettes and Vaping Sales Breakdown by Type (2021-2026)
  14. 1.5.2 Europe E-cigarettes and Vaping Sales Breakdown by Type (2021-2026)
  15. 1.5.3 Asia-Pacific E-cigarettes and Vaping Sales Breakdown by Type (2021-2026)
  16. 1.5.4 South America E-cigarettes and Vaping Sales Breakdown by Type (2021-2026)
  17. 1.5.5 Middle East and Africa E-cigarettes and Vaping Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
  1. 2.1 E-cigarettes and Vaping Industry Trends
  2. 2.2 E-cigarettes and Vaping Industry Drivers
  3. 2.3 E-cigarettes and Vaping Industry Opportunities and Challenges
  4. 2.4 E-cigarettes and Vaping Industry Restraints
3 Market Competitive Landscape by Company
  1. 3.1 Global Top Players by E-cigarettes and Vaping Revenue (2021-2026)
  2. 3.2 Global Top Players by E-cigarettes and Vaping Sales (2021-2026)
  3. 3.3 Global Top Players by E-cigarettes and Vaping Price (2021-2026)
  4. 3.4 Global E-cigarettes and Vaping Industry Company Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global E-cigarettes and Vaping Major Company Production Sites & Headquarters
  6. 3.6 Global E-cigarettes and Vaping Company, Product Type & Application
  7. 3.7 Global E-cigarettes and Vaping Company Establishment Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global E-cigarettes and Vaping Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 E-cigarettes and Vaping Players Market Share by Revenue in 2025
  11. 3.8.3 2025 E-cigarettes and Vaping Tier 1, Tier 2, and Tier 3
4 E-cigarettes and Vaping Regional Status and Outlook
  1. 4.1 Global E-cigarettes and Vaping Market Size and CAGR by Region: 2021 VS 2025 VS 2032
  2. 4.2 Global E-cigarettes and Vaping Historic Market Size by Region
  3. 4.2.1 Global E-cigarettes and Vaping Sales in Volume by Region (2021-2026)
  4. 4.2.2 Global E-cigarettes and Vaping Sales in Value by Region (2021-2026)
  5. 4.2.3 Global E-cigarettes and Vaping Sales (Volume & Value), Price and Gross Margin (2021-2026)
  6. 4.3 Global E-cigarettes and Vaping Forecasted Market Size by Region
  7. 4.3.1 Global E-cigarettes and Vaping Sales in Volume by Region (2027-2032)
  8. 4.3.2 Global E-cigarettes and Vaping Sales in Value by Region (2027-2032)
  9. 4.3.3 Global E-cigarettes and Vaping Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 E-cigarettes and Vaping by Application
  1. 5.1 E-cigarettes and Vaping Market by Application
  2. 5.1.1 Online
  3. 5.1.2 Offline
  4. 5.2 Global E-cigarettes and Vaping Market Size by Application
  5. 5.2.1 Global E-cigarettes and Vaping Market Size Overview by Application (2021-2032)
  6. 5.2.2 Global E-cigarettes and Vaping Historic Market Size Review by Application (2021-2026)
  7. 5.2.3 Global E-cigarettes and Vaping Forecasted Market Size by Application (2027-2032)
  8. 5.3 Key Regions Market Size by Application
  9. 5.3.1 North America E-cigarettes and Vaping Sales Breakdown by Application (2021-2026)
  10. 5.3.2 Europe E-cigarettes and Vaping Sales Breakdown by Application (2021-2026)
  11. 5.3.3 Asia-Pacific E-cigarettes and Vaping Sales Breakdown by Application (2021-2026)
  12. 5.3.4 South America E-cigarettes and Vaping Sales Breakdown by Application (2021-2026)
  13. 5.3.5 Middle East and Africa E-cigarettes and Vaping Sales Breakdown by Application (2021-2026)
6 Company Profiles
  1. 6.1 Imperial Tobacco
  2. 6.1.1 Imperial Tobacco Company Information
  3. 6.1.2 Imperial Tobacco Business Overview
  4. 6.1.3 Imperial Tobacco E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  5. 6.1.4 Imperial Tobacco E-cigarettes and Vaping Product Portfolio
  6. 6.1.5 Imperial Tobacco Recent Developments
  7. 6.2 ReynoldsAmerican
  8. 6.2.1 ReynoldsAmerican Company Information
  9. 6.2.2 ReynoldsAmerican Business Overview
  10. 6.2.3 ReynoldsAmerican E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  11. 6.2.4 ReynoldsAmerican E-cigarettes and Vaping Product Portfolio
  12. 6.2.5 ReynoldsAmerican Recent Developments
  13. 6.3 Japan Tobacco Inc.
  14. 6.3.1 Japan Tobacco Inc. Company Information
  15. 6.3.2 Japan Tobacco Inc. Business Overview
  16. 6.3.3 Japan Tobacco Inc. E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  17. 6.3.4 Japan Tobacco Inc. E-cigarettes and Vaping Product Portfolio
  18. 6.3.5 Japan Tobacco Inc. Recent Developments
  19. 6.4 Altria Group
  20. 6.4.1 Altria Group Company Information
  21. 6.4.2 Altria Group Business Overview
  22. 6.4.3 Altria Group E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  23. 6.4.4 Altria Group E-cigarettes and Vaping Product Portfolio
  24. 6.4.5 Altria Group Recent Developments
  25. 6.5 VMR Product
  26. 6.5.1 VMR Product Company Information
  27. 6.5.2 VMR Product Business Overview
  28. 6.5.3 VMR Product E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  29. 6.5.4 VMR Product E-cigarettes and Vaping Product Portfolio
  30. 6.5.5 VMR Product Recent Developments
  31. 6.6 Njoy
  32. 6.6.1 Njoy Company Information
  33. 6.6.2 Njoy Business Overview
  34. 6.6.3 Njoy E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  35. 6.6.4 Njoy E-cigarettes and Vaping Product Portfolio
  36. 6.6.5 Njoy Recent Developments
  37. 6.7 21st Century
  38. 6.7.1 21st Century Company Information
  39. 6.7.2 21st Century Business Overview
  40. 6.7.3 21st Century E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  41. 6.7.4 21st Century E-cigarettes and Vaping Product Portfolio
  42. 6.7.5 21st Century Recent Developments
  43. 6.8 Vaporcorp
  44. 6.8.1 Vaporcorp Company Information
  45. 6.8.2 Vaporcorp Business Overview
  46. 6.8.3 Vaporcorp E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  47. 6.8.4 Vaporcorp E-cigarettes and Vaping Product Portfolio
  48. 6.8.5 Vaporcorp Recent Developments
  49. 6.9 Truvape
  50. 6.9.1 Truvape Company Information
  51. 6.9.2 Truvape Business Overview
  52. 6.9.3 Truvape E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  53. 6.9.4 Truvape E-cigarettes and Vaping Product Portfolio
  54. 6.9.5 Truvape Recent Developments
  55. 6.10 Shenzhen First Union Technology Co.,Ltd.
  56. 6.10.1 Shenzhen First Union Technology Co.,Ltd. Company Information
  57. 6.10.2 Shenzhen First Union Technology Co.,Ltd. Business Overview
  58. 6.10.3 Shenzhen First Union Technology Co.,Ltd. E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  59. 6.10.4 Shenzhen First Union Technology Co.,Ltd. E-cigarettes and Vaping Product Portfolio
  60. 6.10.5 Shenzhen First Union Technology Co.,Ltd. Recent Developments
  61. 6.11 BUDDY
  62. 6.11.1 BUDDY Company Information
  63. 6.11.2 BUDDY Business Overview
  64. 6.11.3 BUDDY E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  65. 6.11.4 BUDDY E-cigarettes and Vaping Product Portfolio
  66. 6.11.5 BUDDY Recent Developments
  67. 6.12 Guangdong Jeray Technology Group Co.,Ltd.
  68. 6.12.1 Guangdong Jeray Technology Group Co.,Ltd. Company Information
  69. 6.12.2 Guangdong Jeray Technology Group Co.,Ltd. Business Overview
  70. 6.12.3 Guangdong Jeray Technology Group Co.,Ltd. E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  71. 6.12.4 Guangdong Jeray Technology Group Co.,Ltd. E-cigarettes and Vaping Product Portfolio
  72. 6.12.5 Guangdong Jeray Technology Group Co.,Ltd. Recent Developments
  73. 6.13 Innokin
  74. 6.13.1 Innokin Company Information
  75. 6.13.2 Innokin Business Overview
  76. 6.13.3 Innokin E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  77. 6.13.4 Innokin E-cigarettes and Vaping Product Portfolio
  78. 6.13.5 Innokin Recent Developments
  79. 6.14 Smoore
  80. 6.14.1 Smoore Company Information
  81. 6.14.2 Smoore Business Overview
  82. 6.14.3 Smoore E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  83. 6.14.4 Smoore E-cigarettes and Vaping Product Portfolio
  84. 6.14.5 Smoore Recent Developments
  85. 6.15 SMOK
  86. 6.15.1 SMOK Company Information
  87. 6.15.2 SMOK Business Overview
  88. 6.15.3 SMOK E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  89. 6.15.4 SMOK E-cigarettes and Vaping Product Portfolio
  90. 6.15.5 SMOK Recent Developments
  91. 6.16 Hangsen Group
  92. 6.16.1 Hangsen Group Company Information
  93. 6.16.2 Hangsen Group Business Overview
  94. 6.16.3 Hangsen Group E-cigarettes and Vaping Sales, Revenue and Gross Margin (2021-2026)
  95. 6.16.4 Hangsen Group E-cigarettes and Vaping Product Portfolio
  96. 6.16.5 Hangsen Group Recent Developments
7 North America by Country
  1. 7.1 North America E-cigarettes and Vaping Sales by Country
  2. 7.1.1 North America E-cigarettes and Vaping Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 7.1.2 North America E-cigarettes and Vaping Sales by Country (2021-2026)
  4. 7.1.3 North America E-cigarettes and Vaping Sales Forecast by Country (2027-2032)
  5. 7.2 North America E-cigarettes and Vaping Market Size by Country
  6. 7.2.1 North America E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 7.2.2 North America E-cigarettes and Vaping Market Size by Country (2021-2026)
  8. 7.2.3 North America E-cigarettes and Vaping Market Size Forecast by Country (2027-2032)
8 Europe by Country
  1. 8.1 Europe E-cigarettes and Vaping Sales by Country
  2. 8.1.1 Europe E-cigarettes and Vaping Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 8.1.2 Europe E-cigarettes and Vaping Sales by Country (2021-2026)
  4. 8.1.3 Europe E-cigarettes and Vaping Sales Forecast by Country (2027-2032)
  5. 8.2 Europe E-cigarettes and Vaping Market Size by Country
  6. 8.2.1 Europe E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 8.2.2 Europe E-cigarettes and Vaping Market Size by Country (2021-2026)
  8. 8.2.3 Europe E-cigarettes and Vaping Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
  1. 9.1 Asia-Pacific E-cigarettes and Vaping Sales by Country
  2. 9.1.1 Asia-Pacific E-cigarettes and Vaping Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 9.1.2 Asia-Pacific E-cigarettes and Vaping Sales by Country (2021-2026)
  4. 9.1.3 Asia-Pacific E-cigarettes and Vaping Sales Forecast by Country (2027-2032)
  5. 9.2 Asia-Pacific E-cigarettes and Vaping Market Size by Country
  6. 9.2.1 Asia-Pacific E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 9.2.2 Asia-Pacific E-cigarettes and Vaping Market Size by Country (2021-2026)
  8. 9.2.3 Asia-Pacific E-cigarettes and Vaping Market Size Forecast by Country (2027-2032)
10 South America by Country
  1. 10.1 South America E-cigarettes and Vaping Sales by Country
  2. 10.1.1 South America E-cigarettes and Vaping Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 10.1.2 South America E-cigarettes and Vaping Sales by Country (2021-2026)
  4. 10.1.3 South America E-cigarettes and Vaping Sales Forecast by Country (2027-2032)
  5. 10.2 South America E-cigarettes and Vaping Market Size by Country
  6. 10.2.1 South America E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 10.2.2 South America E-cigarettes and Vaping Market Size by Country (2021-2026)
  8. 10.2.3 South America E-cigarettes and Vaping Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
  1. 11.1 Middle East and Africa E-cigarettes and Vaping Sales by Country
  2. 11.1.1 Middle East and Africa E-cigarettes and Vaping Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 11.1.2 Middle East and Africa E-cigarettes and Vaping Sales by Country (2021-2026)
  4. 11.1.3 Middle East and Africa E-cigarettes and Vaping Sales Forecast by Country (2027-2032)
  5. 11.2 Middle East and Africa E-cigarettes and Vaping Market Size by Country
  6. 11.2.1 Middle East and Africa E-cigarettes and Vaping Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 11.2.2 Middle East and Africa E-cigarettes and Vaping Market Size by Country (2021-2026)
  8. 11.2.3 Middle East and Africa E-cigarettes and Vaping Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
  1. 12.1 E-cigarettes and Vaping Value Chain Analysis
  2. 12.1.1 E-cigarettes and Vaping Key Raw Materials
  3. 12.1.2 Key Raw Materials Price
  4. 12.1.3 Raw Materials Key Suppliers
  5. 12.1.4 Manufacturing Cost Structure
  6. 12.1.5 E-cigarettes and Vaping Production Mode & Process
  7. 12.2 E-cigarettes and Vaping Sales Channels Analysis
  8. 12.2.1 Direct Comparison with Distribution Share
  9. 12.2.2 E-cigarettes and Vaping Distributors
  10. 12.2.3 E-cigarettes and Vaping Customers
13 Concluding Insights
    14 Appendix
    1. 14.1 Reasons for Doing This Study
    2. 14.2 Research Methodology
    3. 14.3 Research Process
    4. 14.4 Authors List of This Report
    5. 14.5 Data Source
    6. 14.5.1 Secondary Sources
    7. 14.5.2 Primary Sources
    8. 14.6 Disclaimer

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