The number of vapers has been increasing rapidly – from about seven million in 2011 to 41 million in 2018.
A total of 60 deaths linked to vaping products have been confirmed as of among 27 states and the District of Columbia.
The U.S. e-cigarette & vape market size is expected to reach USD 40.25 billion by 2028. It is projected to register a CAGR of 27.3% from 2021 to 2028. Yes you can buy vapes and mods from Amazon.
E-Cigarette Use by State
- Wyoming – Share of regular e-cig users (ages 18-24): 16.67%.
- Hawaii- Share of regular e-cig users (ages 18-24): 15.27%.
Online Vape Store Profits
Different vape stores make a wide range of profits depending on their customer traffic. Some online vape stores that have an expense ratio of $10,000 report an average of $26,000 monthly profits.
The number of businesses in the Electronic Cigarette & Vape Shops industry in the US has grown 19.9% per year on average over the five years between 2018 – 2023. The Electronic Cigarette & Vape Shops industry in the US is labor intensive.
Vaping is becoming increasingly popular in the US, with an estimated 8,500+ vape shops in 2019.
Vape Shops in the Community
For now, vape shops appear to be a winning business model in most places. Their neon signs glow across cities, suburbs, exurbs, and rural small towns alike.
More fun data from Yelp shows that there are 10,591 vape shops in the country.
If you’re heading south, you absolutely cannot jump on Euphoria Vapor in Louisiana.
Vape City has more than 100 local vape shops in Texas and throughout the United States.
Market Projections
The US e-cigarette market attained a value of USD 25.00 billion in 2023, expected to grow at a CAGR of nearly 25% to reach approximately USD 186.55 billion by 2032.
The global pod vape market is valued at US$ 2.52 billion in 2023 and is forecasted to reach US$ 8.18 billion by 2033.
The US e-cigarette market has grown driven by consumer demand. China manufactures most vaping products. Surveys show e-cigarette use is highest among youth.