Vapor Market Forecast Predicts Over $61 Billion In Growth By 2025

Research and Markets is forecasting that the global vapor industry, a combination of e-cig and vaporizer products, will exceed $60 billion by the year 2025.

Fresh Growth (Plant Growing)
The vapor market is expected to see some dramatic growth in the year to come, according to a new forecast.

To be more specific, their estimate, which was published in their “Global E-Cigarette and Vaporizer Market Analysis & Trends – Industry Forecast to 2025” report, puts the industry at approximately $61.4 billion well within the next decade. Those are some impressive growth figures – that is, if Research and Markets is on the money with their forecast.

Innovation and advances in technology within the industry are just a couple of the positive trends that their analysis took into account while attempting to forecast the industry’s growth over the next some odd years (until 2025). Using the compound annual growth rate (CAGR) as a measure, their analysis estimates that the vapor market will grow by about 20.8 percent within this time frame.

Investors may be pleased to find that the report also contains information pertaining to potential investment opportunities as well as recommendations. Such opportunities having been identified through market trend analysis, both past and present.

In essence, it appears as if Research and Markets has poured a great deal of effort into thoroughly researching and analyzing the vapor industry, its players, its supply chains, advances, opportunities, and so forth to create a comprehensive analysis presented in the form of a report available for purchase through their website.

Source: PR Newswire press release via Markets Insider

Vape Trends Infographic: United States And Global Vaping Trend Analysis

Ever wonder just how much interest there is in vaping? You’re certainly not the only one. We ourselves were also interested in seeing just how much interest folks around the United States and abroad have in the rapidly growing vape scene so we did some research and produced this vape trends infographic.

Vape Trends Infographic
This infographic illustrates just how much interest has grown in the vape scene, both in the United States and abroad. © VaporizerWire.com

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Vape Keyword Trends

In our research, we explored the trends behind a variety of search phrases (keywords) pertaining to vaping, which we explored via Google Trends – a tool that allowed us to examine just how much interest has grown over the years.

As you can see from our research, the big keyword people were searching for was “vaporizer” up until a few years ago. This was quickly replaced with searches for the keyword “vape,” a possible indicator of the masses at large adopting new terminology. As it stands, the prominent keyword is no longer vaporizer, but vape. But on social media, the prominent hashtag remains vaporizer, although this could quickly change – if it hasn’t already.

International Vaping Hot Spots

While the United States is by far the most popular place to vape, others are not close behind, according to our research. Behind the U.S. is the Philippines and next on the list is the United Kingdom (UK). Following the U.K. comes Ireland, Malaysia, Australia, and then Canada. Ranked in order of popularity in an easier to grasp format, here’s a list starting with the most popular at number one:

  1. United States (USA)
  2. Philippines
  3. United Kingdom
  4. Ireland
  5. Malaysia
  6. Australia
  7. Canada

Vaping Popularity Across The U.S.

In the U.S., the primary hot spot, according to our data, is Los Angeles, California. Following L.A. is San Francisco, California. But while the top two spots are clearly major cities in California, the rest of the top 10 most popular cities to vape in across the U.S., with the exception of one more, are not in the Golden State. At number three is Denver, Colorado, which is followed by Seattle, Washington. After that comes San Diego, California and then Austin, Texas. Following Austin is Portland, Oregon, which is trailed by New York City, New York. Next in line is a city which some may confuse for the Canadian city by the same name, Vancouver, but this Vancouver is actually located in the state of Washington. Last on the list is Chicago, Illinois. Here’s an easier to read list of the top 10 most popular U.S. cities to vape in:

  1. Los Angeles, CA
  2. San Francisco, CA
  3. Denver, CO
  4. Seattle, WA
  5. San Diego, CA
  6. Austin, TX
  7. Portland, OR
  8. New York City, NY
  9. Vancouver, WA
  10. Chicago, IL

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