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.
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