The Vape market is a upcoming market with a lot of money to be made and fast. Vapes have a chance to eliminate cigarettes or at least force them to go electronic. With various flavors and strengths of nicotine. Vapes are ideal for both smokers and nonsmokers. Companies have top of the line flavors to enjoy, with the vape you just built or are even thinking of building. Satisfaction is what the vape stores look for and a personal connection with the customer is what they strive to accomplish.
The question to ask ourselves before we venture into the realm of vaping is. who does it?
Millennials 60% of the market
Gen X 30%
The Millennials will lead the overall market, grow in SIZE, but drop in percentages as the older demographics start tapping into the movement. Currently this industry is at $2B annual revenue and Big Tobacco predicts it will outpace tobacco sales —currently at $35B—in the next ten years
WHY are “they” vaping?
60% Millennials: It’s cool/ fun/ hip
20 % of Boomers want to quit smoking, may have been trying to quit for decades
The Future of Vaping
30% Gen X
Millennials will continue to dominate this sector since Gen X and Boomers do not have the patience, visual acuity, manual dexterity and curiosity to get heavily into the vaping. Vaping is a healthier alternative for anyone looking to stop smoking. You can try some of these vape stores below if you are looking to make a switch:
- Vapor DNA: http://www.vapordna.com/?Click=28214
- Mad Vapes: http://www.madvapes.com/?acc=06138bc5af6023646ede0e1f7c1eac75
- Director Vapes: http://www.directvapor.com/?A=1033