Vaporizer, Marijuana and E-Commerce Market Forecasts We already have a giant leap into our individual slice in the sector of the soon to be projected 61 Billion Dollar Vaporizer Industry by 2025, with our e-commerce platforms set up all over the world. We just recently reached recent milestones, like obtaining 1 million customers in the global database, with an average of 500,000 visiting customers monthly.
The Global E-Cigarette and Vaporizer Market is poised to grow at a CAGR of around 20.8% over the next decade to reach approximately $61.4 billion by 2025.
Some of the prominent trends that the market is witnessing include combination of E-cigarette and cannabis industry and improvements in device technology and product innovation.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
We also are soon to be entering into an already half-billion dollar medical marijuana industry shortly here, which is expanding at a tremendous rate. The chart projections of the picture below states that it is only correct if weed isnt legalized by 2020, however I believe marijuana being sold recreationally next year won't alter or hinder the medical marijuana sector revenues in any way, for many reasons.
Medical marijuana users in Canada will always have the upper hand for purchasing their product. I know this because my wife is one of them. With the compassionate pricing we receive due to her health conditions, we save 20% on Tweed Mainstreet, which is a lot considering the cost of living in Canada is only going to increase over time, due to the current neglegent government leaders running the show. The NAFTA termination just the other day alone will increase the cost of all goods from USA and Mexico, so every penny saved by consumers anywhere else will likely be necessarily to be applied towards this increased cost. Therefore, it is in the best interest of basically all consumers to take advantage of any potential savings that can be made while shopping. This is only one reason that I believe the the medical market will thrive.
The next reason I feel that the Canadian market will only continue to succeed is because of the tremendously increasing number of Canadians who are getting sick! All sorts of auto-immune diseases and cancer simply becoming the new ongoing trend for all generations of Canadians, and all the other reasons someone can obtain a medical user card. You could probably even use constipation as a reason for wanting to buy, but I think irrital bowel syndrome might make a better case. Something about living in Canada seems to make us more susceptible to sickness, I swear.
I strongly believe for the average person, that if given the option of being able to acquire the ability to purchase medical marijuana from the privacy of their own home, they will easily choose that option over any other method. This is based on the fact that people are becoming more lazy over time, and also having less time to actually do it! That is why we are seeing the demise of brick and mortar establishments like Sears. Here is some information I found on E-commerce trends in the United States for 2017, which is interesting since these facts play a major part on sales for us investors.
1) We dont have a physical store due to brick and mortar being the worst type of business to establish in the digital era. These rich corporations should have smartened up after Blockbuster, dont ya think!?
2) We are of the 22% that sell through other marketplaces like Ebay. One of only 4 companies to sell vapes on there in fact, as well.
So basically as time goes on, more and more people will choose to shop online over actually entering a store. Society has become so closed off due to technology altering our brain patterns, that many just shudder at the thought of actually going shopping in public.
Based off this it seems that the larger the metropolitan area, the more money that they spend online. Also, shipping costs are free for orders over 150 dollars (in Canada), and the majority of quality vapes are over that price, any ways.
Americans love shopping online!
All top 3 factors can be found within Namaste. I placed an order for ground delivery on a monday night which usually takes over a week and it arrived that wednesday all the way from their warehouse in Florida! Prices are excellent too for the quality they hold.
1) Namaste will return unopened items no questions asked.
2) Their websites are top of the line as far as I'm concerned. Every time I log on, within less than ten minutes I have a service rep asking me if I require assistance. The other day on Thanksgiving Monday I asked him or her why they weren't celebrating and found out their service centre is located in the US.
3) There are plenty of images, reviews, video reviews, and video comparisons to choose from for most popular vaping products.