China vape company registrations increased by 167% year-on-year in the first three quarters in 2020
According to the data from the enterprise search, there are currently 23,100 electronic cigarette-related enterprises in China. Guangdong Province has the largest number of related companies, with a total of 8,344, of which 6,580 are in Shenzhen, accounting for 28.5% of the country’s total. In 2020, the number of e-cigarette-related company registrations has risen sharply. In the first three quarters of this year, the number of registrations reached 7,372, a year-on-year increase of 167%. At the same time, in 2019, the e-cigarette industry risk information reached 179, a year-on-year increase of 39%.
Shenzhen owns 28.5% of China vape enterprises
Judging from the distribution of provinces, according to the data of enterprise search, the number of related enterprises in Guangdong, Jiangsu and Zhejiang ranks top 3. Among them, Guangdong Province is far ahead with 8,344, Jiangsu and Zhejiang are ranked second and third with 2,329 and 2,146 respectively.
Judging from the ranking of cities, the data of enterprise search shows that Shenzhen has a large number of vape related enterprises, with 6,580 in total, accounting for 28.5% of the national total. Hangzhou ranked second with 772 companies, while Dongguan and Xi’an ranked third and fourth. In addition, the two municipalities directly under the Central Government, Chongqing and Tianjin, were shortlisted in the top ten.
According to the company’s data, in the ten years since 2010, up to 2018, the registration volume of e-cigarette-related companies has grown slowly. The industry achieved substantial growth in 2019, with 4,129 registered companies that year, a year-on-year increase of 132%. As of 2020, a total of 10,175 related companies have been registered, which has exceeded the number of registrations for the entire year of 2019. Under strong regulation, the development of e-cigarettes is still accelerating.
In the first three quarters of this year, a total of 7,372 e-cigarette-related companies were registered nationwide, a year-on-year increase of 167%, of which 4387 were newly registered in the third quarter, a year-on-year increase of 244% and a month-on-month increase of 95%.
The number of industry risks in 2019 increased by 39% year-on-year
From the perspective of the number of risks, company check data shows that there are 501 related risks in the e-cigarette industry. The number of risks that occurred in 2019 was the highest in the past five years, reaching 179, a year-on-year increase of 39%.
From the perspective of registered capital, the company’s data shows that more e-cigarette-related companies are distributed within 1 million yuan, accounting for about 61%, and most of them are concentrated in the wholesale and retail industries. About 29% of the registered capital is between 1 million yuan and 5 million yuan.
