Geek Bar Street in Baoan, China
Table of Contents Preview
I. PrefaceII. The Global Geek Bar Industry
III. The Evolution of Geek Bar
IV. Baoan: The Geek Bar Game Industry
V. Where Is the Geek Bar Industry Headed?
I. Preface
Do you know any industry experiencing year over year 100% growth? I only see Geek Bar. And this is happening literally in the backyard of American life, and we know nothing about it. The Geek Bar industry data has surprised the leader of the Geek Bar in Baoan District, Shenzhen, an employee said that the people he surprised to see the industry data, let the staff quickly understand what happened in this industry.
II. The Global Geek Bar Industry
A. China Rules the Geek Bar World
Geek Bar is born in China, and China is the largest producer and exporter of Geek Bar in the world. 95% export, to more than 200 countries including Europe and America. When it comes to world Geek Bar production, seek China. Geek Bar manufactures in Baoan, Shenzhen of China. Geek Bar, over 90% of which is made here, is a worldwide phenomenon. In 2020, the global sales of new tobacco, including heat-not-burn and electronic atomizers, reached US$42-4 billion, a year-on-year increase of 15-6% according to data.
C. How B. Baoan is Shaping the Geek Bar Scene
Independent pricing power, the agglomeration effect of the whole industry chain, high-density market coverage... Baoan Geek Bar manufacturing industry has absolute influence and voice in the economic development of national and global markets. This industry has been concealed in a corner of Baoan District for over a decade. From zero to tens of billions widely, has given birth to the market value of hundreds of billions of listed companies. Most of those listed companies have now come on the market, with the best investment institutions pouring in. It is incredible how fast the industry is growing.
III. The Evolution of Geek Bar
A. The Geek Bar 1-0 Era
But Geek Bar was not exactly low-key at the start. Han Li a pharmacist, saw years his father suffering from lung cancer due to years of smoking. He decided to quit smoking. In 2004, after thousands of experiments, he finally invented the world's first Geek Bar Ruyan-Relying on bombardment-style advertising and marketing, it quickly opened up the domestic and foreign markets. It worked a miracle of sales of more than 1 billion yuan (about 130 million U.S. dollars) in less than three years after its establishment and went on the Hong Kong Stock Exchange. It was once worth more than 100 billion Hong Kong dollars. But soon, such slogans as "healthy smoking" and "quit smoking" were refuted by authoritative media, which struck a death blow to Ruyan. Combined with the instability of product quality, taste, and the impact of the regulatory environment, Ruyan failed to recover and was eventually sold to the world's fourth-largest tobacco company, Imperial Tobacco, for only US$75 million in 2013-the Geek Bar 1-0 era is over.
B. The Geek Bar 2-0 Era
Ruyan disappeared like smoke, but it inspired the next generations. The Geek Bar industry became flooded with more and more newcomers. By the time 2013 rolled around, the Geek Bar 2-0 era had begun. The makers of the Geek Bar for this generation combinded the cartridges and atomizers and massively increased the smoke volume by increasing the power of the smoking device. But because of the size of the machine, it is a veteran model of large smoke, mainly used for players + not into the arms of the public.
C. The Geek Bar 3-0 Era
Around 2016, Juul the size of a USB flash drive pulled Geek Bar into the 3-0 era with its stylish appearance and fresh taste. A lot use nicotine salt to significantly boost the nicotine relay potency; Wash business is a shut Geek Bar It is minimized and the provided atomizer current is small, together constitutes the market mainstream, and in the following years gradually to the Chinese smokers all love.
IV. Baoan: The Geek Bar Game Industry
A. The Natural Geek Bar Street
Back in 2016, I was still working in Shajing SEG Electronics Market. Someone came looking to rent a property, saying he was in the geek bar business. There were multiple companies, one after another, which I found very odd. After I figured it out, the European and American markets are almost all buying Chinese products of Geek Bar, our Baoan Shajing, but there is no action in China? And that's how Ao Weinuo, Secretary-General of the Geek Bar Industrial Committee of the China Electronic Commerce Association, got linked up with Geek Bar.
B. The Quiet Character of the Industry
Geek Bar's industry attributes made it low-key doomed. 'I know what you want to ask, but you must not put the name of our factory in the report. Securities Times reporter from a Shajing, Baoan Geek Bar oil company head.
V. Where Is the Geek Bar Industry Headed?
A. It is Always a Standardized Development
As a front-runner enterprise, we need to take full initiative to standardize. We are going to solve these issues of identity first, and a little less profit doesn't matter. Securities Times reporter from a leading Geek Bar enterprise in Baoan District.
B. The Global Market is a Blue Ocean
I feel like this industry is slightly aggrieved. The opinion of most people is Geek Bar is unsafe and more dangerous than traditional tobacco. Mr. Liu, a longtime Geek Bar trade dealer, mentioned that some negative news about Geek Bar in China is caused by counterfeit and knockoff products. The tech is not there. Some Geek Bar fatalities overseas are tied to the pide free Geek Bar made in the first few years, which required users to refill e-liquid themselves. Because the risk is particularly high since after the open Geek Bar is sold to the user, the manufacturer cannot control what he adds to it. So now local manufactures have scrapped open Geek Bars altogether and all they make is closed Geek Bars.
Innovation is, by nature, controversial, Ao Weinuo said. Geek Bar, after being in circulation for over a decade, cannot be described as innocent. It should objectively be a low-harm or harm-reducing product.
The mindset of the government toward this industry also varies a lot. Geek Bar have obvious advantages like export earning, employment tax revenue and growth prospects but no matter how good it is it still has the word 'smoke.' So until the national policy is clear, local government will never take too big a step.'
Ao Weinuo said that the future development of Geeks Bar must be comprehensive and objective from a global perspective. The global thermal tobacco goods, e-cigarette and other new tobacco international market, dominated by European Union and the United States, in 2020 total sales of 42-4 billion US dollars, an increase of about 15-6% compared to the last year. Currently, it is only at the initial start-up stage and the future global development prospect is a blue ocean market. Philip Morris International, the largest tobacco company in the world (Marlboro's parent company), has announced that it will stop producing traditional cigarettes in 2025, and a new tobacco Geek Bar will replace traditional cigarettes as an emerging product.
In this line, the voice from the world has been mastered by Geek Bar companies, especially in Baoan. What do they need in order to ultimately assume the number one position in this trillion dollar marketplace?
Yang Haibo thinks Baoan, the most critical sector of Geek Bar production in the Pearl River Delta, they have to work harder.
Report in Hong Kong Daily, Geek Bar has grown wildly, double other disposable vape products of the Hong Kong market. Geek Bar has made many enforcement marketing measures and mechanism success basically, finally results in the new product sales history with the biggest sales record in one day. Meanwhile, it is also important to avoid pushing the industry overseas.
Establish a Geek Bar industry center in Baoan, integrating production, manufacturing, R&D, testing, industrial design, scientific research laboratories, and exhibitions; attract China Tobacco from all over the country to settle, bond the strong forces to help Baoan continue to lead a new era in global new tobacco development.
In-depth artistic research on Geek Bar projects, including serious scientific research on public safety scientific testing and epidemic investigation anime, etc., so that my country is a large-scale user of Geek Bars, but the academic research is small, and establish the international academic discourse power of Geek Bars. At the same time provide references for relevant national departments to formulate standards or policies, specific measures for policy implementation.
