What kind of company is demand vape?
Company Description: Demand Vape is located in Buffalo, NY, United States and is part of the Miscellaneous Nondurable Goods Merchant Wholesalers Industry. Demand Vape has 9 total employees across all of its locations and generates $1.29 million in sales (USD).
What is driving the growth of the vape shop market?
These shops assisted customers in selecting from a wide range of devices and e-liquids. Furthermore, vape shops allowing customers to try out and test these devices before making a purchase decision is expected to drive the retail store segment growth over the forecast period.
How are modular vape devices trending in North America?
Various vaping events, such as vape conventions and competitions, are organized regularly in North America, thereby stimulating the demand for modular devices in the region. The retail store segment accounted for the highest market share of over 84% in 2021. Earlier, e-cigarettes were sold in retail outlets such as vape shops and gas stations.
What is the global e-cigarette and vape market size?
The global e-cigarette and vape market size was valued at USD 18.13 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.0% from 2022 to 2030.
Where is DemandVape located?
DemandVape is an online vape retailer with its main headquarters in Upstate New York. Not sure if its physical location is also a retail store or only a warehouse and processing center. But, given the number of products they carry, it is most likely a warehouse given the avalanche of products listed on its website. DemandVape dips its toes into both e-liquid vaping and "alternative" devices. They carry an uncountable number of vape mods from lesser-known brands like Snowwolf, Tesla, and Oxva. Favorites like SMOK, Suorin, and Innokin also feature on the site. Judging from their website, though, it looks like DemandVape carries every e-cig mod ever created.
What is Smoktech vape?
Smoktech is a brand well-known by vapers for its prolific output and ground-breaking mods, tanks, and coil designs. The Shenzen-based company became one of the first worldwide vape companies that gave vapers now-classic devices like the Alien mod, the Prince tank and coil system, and the Priv series of advanced sub-ohm mods. The brand continues to keep pace with industry changes and have also released an entire line of pod devices like the Nord and RPM40.
Is DemandVape a well known vape?
DemandVape is maybe not as well-known as it should be since it has a sultan’s treasure worth of vaping gear for e-liquid as well as concentrates vapers. A person could spend hours perusing its selection of one-of-a-kind, unique vaping devices from brands that are not very well-known but deserve some attention as well.
What is the market for vaping in 2020?
North America dominated the global market with a share of over 40% in 2020. The extensive presence of major industry players such as R.J. Reynolds Vapor Company; Philip Morris International Inc.; and JUUL Labs, Inc. is anticipated to drive the regional market growth. Social media platforms are being used extensively for selling e-cigarettes and vaping products. The young population has largely adopted vaping devices as a safe alternative to tobacco, which, in turn, is estimated to boost the adoption of these products. However, the current ban on some e-cigarette flavors including fruit and mint flavors in the U.S. to restrict underage vaping in the country is expected to hamper the growth of the market in the region to a certain extent.
What is a Vype iSwitch Maxx?
For instance, in December 2018, British American Tobacco launched two new e-cigarettes called Vype iSwitch Maxx and Vype iSwitch in five of BAT’s VIP stores in London. These new products are powered by distiller plate technology to heat e-liquid.
What is Juul Labs?
embarked upon a marketing campaign in January 2019 to educate adult smokers about the ill effects associated with traditional combustible cigarettes and encouraged them to avoid the same and switch to e-cigarettes and vape devices.
What is the market share of rechargeable devices in 2020?
The rechargeable segment accounted for the highest market share of over 40% in 2020. The adoption of rechargeable devices is expected to increase as they tend to be affordable in the long run and eliminate the need to re-purchase supplies such as cartridges. Furthermore, customers making DIY e-liquids need not purchase pre-filled cartridges. Rechargeable devices can be used for a longer duration by switching the cartridges containing e-liquid. Moreover, seasoned vapers particularly find it economical to purchase rechargeable e-cigarettes and vapes, which is expected to increase their adoption.
What is the market share of e-cigarettes in 2020?
The retail store segment accounted for the highest market share of over 80% in 2020. E-cigarettes were initially sold in retail outlets such as vape shops and gas stations. These stores helped users to choose from a wide variety of devices and e-liquids. Moreover, vape shops enabled users to try and test these devices before making ...
Is there a ban on mint flavor e-cigarettes?
However, the current ban on some e- cigarette flavors including fruit and mint flavors in the U.S. to restrict underage vaping in the country is expected to hamper the growth of the market in the region to a certain extent.
