Vaping critics might not necessarily like it, but the vaping industry is growing by leaps and bounds every single day. According to a Forbes report that was released earlier this year, the industry was worth about $4 billion in 2015, but it could be worth much more than that in a matter of just ten years.
How much more? Well, it all sort of depends on who you ask and what projections they use. But reports have indicated that the $30 billion range wouldn’t be out of the question at all. And that might only be the beginning. The tobacco industry is worth almost $100 billion right now, and with more and more people turning their backs on smoking, the sky is literally the limit for those in the vaping community. It wouldn’t be crazy to see the values of the vaping and smoking industries flip-flop over the next few decades.
Of course, there are some obstacles that are standing in the vaping industry’s way. The FDA’s deeming regulations, for example, could present a big roadblock for vape shops and vape manufacturers and slow them down. Other government regulations could also come into play at some point. But at this time, there is a lot of good news coming out of the vaping industry, and the thought is that things could get really good for everyone in it if the FDA regulations don’t come along and ruin everything.
So how has the vaping community gotten to this point and gone from a small, virtually non-existent industry just a decade ago to one that is poised to threaten the tobacco industry soon? We decided to take a look at some of the steps that the vaping industry has taken in order to grow.
1. The vaping industry has built better devices.
It wasn’t all that long ago that vapers were forced to use e-cigarettes and other vaping devices that were substandard in just about every way. These devices leaked frequently, they sent e-juice streaming into vapers’ mouths when they vaped, and they didn’t work the way people expected them to work.
Those who loved vaping put up with these problems, and in some cases, they found ways to work around them. But in order to grow, the vaping industry understood that it needed to start building devices that worked substantially better. So companies started testing their products out more, finding flaws, and fixing them.
One of the great things about the vaping industry is that it holds itself to a higher standard. That means that, if a certain product doesn’t work, vapers will let companies know about it and they will demand that changes be made. By holding one another accountable at all times, the industry has found ways to produce better products that allow people to enjoy their vaping experiences more.
2. The vaping industry has designed safer products.
Developing better products is important, but it’s not actually the most important thing when it comes to vaping. One of the criticisms that the vaping industry has faced is that many of the early vaping devices that were created weren’t necessarily as safe as they should have been. They were, at times, unpredictable and weren’t designed to limit the risk associated with vaping.
Vaping companies have sought to change that by testing their products for safety and figuring out ways to teach people to use their devices safely. There is still plenty of work to be done. It feels like every other day there is a new news story about an e-cigarette battery exploding or catching on fire. But every day, the vaping industry is working towards a safer vaping experience.
3. The vaping industry has offered more e-juice flavors.
Do you love the taste of chocolate milk? Or what about the taste of apple jam, butter, and toast? Or what about the taste of blue razzberry? These all sound delicious, don’t they? And thanks to the hard work of all the e-juice companies out there, you can enjoy all of these flavors when you vape.
Five or ten years ago, there wasn’t as large of an e-juice selection as there is today. Sure, you could find a vanilla, orange, or lemon e-juice out there. But there is so much competition in the vaping community today, which means that companies are coming up with all kinds of crazy concoctions when they design new e-juices.
These companies are also taking their time and creating e-juices that taste delicious, since there is another company out there trying to undercut them at all times by creating a better e-juice. The vapers are the beneficiaries of this, since they get a much larger and more diverse e-juice selection when companies compete for their attention.
4. The vaping industry has made products more accessible.
In 2017, there are plenty of places to shop for e-juices. Companies like Aspen Valley Vapes offer excellent prices and a large selection to those who want to purchase vaping products. So it’s a little surprising to hear that, just a few years ago, it was hard to find someone to sell you a bottle of e-juice or an e-cigarette online. Online vape shops have exploded, though, and given vapers plenty of shopping options.
There are also quite a few vape shops that have opened up in recent years. It means that vapers can go in and buy physical products in stores and ask any questions they might have. This is particularly helpful when it comes to new vapers who might not know what kind of e-cigarette they want to use or which e-juice would suit them best.
Bottom line, the accessibility that was once associated with vaping and vaping products is no longer an issue that people have to deal with. They can get whatever they want with just a few clicks or a quick trip to the nearest vape shop. And that in and of itself is allowing more people to try vaping and fall in love with it.
5. The vaping industry has sought to educate those who don’t know about e-cigarettes.
Even though the vaping industry is growing steadily, there are still so many people who don’t understand what vaping is or how it could potentially benefit them. Blogs like the one you are reading now can help change that, though, by giving vapers and non-vapers alike all the information they need about e-cigarettes, e-juices, and more.
Whether you want to find out how to change the coil in your e-cigarette or learn more about a current event that is affecting the vaping community, you can find information about it online. And the vaping industry is constantly trying to get new information into the hands of those who want it. It’s why so many people are coming around to vaping and trying it out for themselves.
In the coming years, the vaping industry will continue to grow and flourish, and there will be more reasons for it. But for now, these are just a few of the reasons why an industry that was worth nothing at the turn of the century is now going to be worth billions upon billions of dollars in no time.
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