The Vaporizer Shop Association, abbreviated as the VTA, has been busy creating new and exciting reports for their members to track the predicted trends in vaporizer technology. These reports are meant to inform everyone involved in the vaporizer industry of what is to come. The Vaporizer Shop Association makes their reports available to the public on their official website and through various other avenues. Their reports are also distributed via other members of their association such as the Electronic Cigarette Industry Association, the Vapor Product Manufacturers Association of America and the National Association of Retail Merchants.
It is evident that electronic cigarettes are here to stay. The VTA is very bullish about the future of vapor products and the vapor market as a whole. One would be hard pressed to find a report from them that does not foresee an explosive growth in the future. This growth is well manifested by the volume of members that the VTA has.
The Vaporizer Shop Association seems to be anticipating a sea change in the manner in which the e-cigarette marketplace will operate. One would be hard pressed to find any industry that has seen a more profound and successful evolution in the way it conducts business. The VTA predicts that vapor technology will see exponential growth in the next few years. Much of this growth will come from vendors that will seek out independent vendors to provide them with additional wholesale sources. There will also be a noticeable increase in the number of wholesalers that will seek out independent distributors to supply to their own personal stores. All of these changes will have a profound effect on the current vendor landscape.
The report includes information regarding the current distribution landscape for the vaporizer industry. It provides a general breakdown of the top distributors by sales volume as well as information regarding individual vendors by overall sales volume. The vapor product market segmentation is provided by the total number of units sold by each vendor on a yearly basis.
The Vaporizer Shop Association also includes information about industry trends within the vapor marketplace. Among the most notable industry trends noted include the increase of e-juice, RYU-based juices, and other high end flavored liquids. Many of these products are quickly replacing traditional beverages such as coffee and tea.
This report also provides business plan information for distributors that are entering the business. A business plan is critical to the success of any new distributor because it provides the groundwork for a detailed and comprehensive analysis of the business. In this section, the Association provides a checklist of items that should be included on the business plan. These items include a description of the market, the projected sales and profit, marketing plan, and financial projection. While the information is provided in this section, it is important to consider that the vendors included in the sample report did not include all of the vendors that could fit into this category.
One of the reasons that the Association chose to publish this forecast period review is because the previous year’s growth was much slower than the projected growth rate. This is because the market was shut down for over a month due to the recall of the original Smokable product. However, the rapid growth that is experienced in the second half of the year was not affected by the recall. The reason for this is that the market was closed for only a short time and those that were selling the discontinued products were forced to shut their businesses down. It is important to note that the FDA did not ban the product but rather discontinued it.
The vaporizer industry was one of the first new markets to experience growth prospects. Since then, there have been additional reports released which are more in line with the market size and growth prospects of the industry. In addition, additional vendors have introduced their products to the e cigarette marketplace. It has become necessary to take a comprehensive look at these products and determine whether or not they will impact the current outlook for this type of device. For this reason, the Association of Vape Companies has issued a forecast for the second half of 2021.