You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

NEW YORK, March 1, 2021 /PRNewswire/ -- The e-cigarette market is expected to grow by USD 29.53 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the e-cigarette market in optimistic, probable, and pessimistic forecast scenarios.Enterprises will go through the Response, Recovery, and Renew phases. Get a Free Sample Report Delivered Instantly Continue Reading E-cigarette Market by Product and Geography - Forecast and Analysis 2020-2024 The e-cigarette market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growthincreased in 2020as compared to 2019. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal. This post-pandemic business planning research will aid clients to: Adjust their strategic planningto move ahead once business stability kicks in. Build Resilience bymaking effective resource and investment choicesfor individual business units, products, and service lines. Conceptualize scenario-based planningto mitigate future crisis situations. Download the Post-Pandemic Business Planning StructureKey Considerations for Market Forecast: Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds Pre- as well as post-COVID-19 market estimates Quarterly impact analysis and updates on market estimates Gain instant access to 17,000+ market research reports by usingTechnavio's SUBSCRIPTION platformRelated Report on Consumer Staples Include:GlobalRoll-Your-Own-Tobacco Products Market- Globalroll-your-own-tobacco products market is segmented byproduct (RYO tobacco, filters and tips, and rolling products), and geography (APAC, Europe, MEA, North America, and South America).Get an Exclusive Free Sample ReportGlobalSnus Market- Global snus market is segmented byproduct (portion snus and loose snus) and geographic landscape (APAC, Europe, MEA, North America, and South America).Get an Exclusive Free Sample ReportMajor Three E-cigarette Market Participants:Altria Group Inc.Altria Group Inc. operates its business through segments such as Smokeable products and Smokeless products. The companyoffers e-cigarette under the brand name IQOS.British American Tobacco PlcBritish American Tobacco Plc operates its business through segments such asUS,APME,AMSSA, andENA.The company offers e-cigarettes under the Vype, Vuse, and VIP brands. It offers HNB products such as glo and neo.Imperial Brands PlcImperial Brands Plc operates its business through segments such asTobacco and NGP andDistribution.The company offers e-cigarettes under the brand name blu.If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:https://www.technavio.com/report/e-cigarette-market-industry-analysisE-cigarette Market 2020-2024: SegmentationE-cigarette market is segmented as below: Product Modular E-cigarette Next-generation Products Rechargeable E-cigarette Disposable E-cigarette Geographic North America Europe APAC South America MEA The e-cigarette market is driven by product innovations in the global e-cigarette market. In addition, other factors such as increasing promotional activities by vendors in the global e-cigarette market are expected to trigger the e-cigarette market toward witnessing a CAGR of over 17% during the forecast period.Get more insights about the global trends impacting the future of the e-cigarette market, Request Free Sample @https://www.technavio.com/talk-to-us?report=IRTNTR40561Market DriversMarket ChallengesMarket TrendsVendor Landscape Vendors covered Vendor classification Market positioning of vendors Competitive scenario About UsTechnavio 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.ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: www.technavio.com/Report Page:https://www.technavio.com/report/e-cigarette-market-industry-analysisSOURCE Technavio

Answer: $ 29.5 Billion Growth in Global E-cigarette Market 2020-2024 | Includes Insights on Major Vendors and their Offerings | Technavio