Cannabis Vaporizers Market Trend, Share, Growth, Size and Forecast 2032

Cannabis Vaporizers Market Size

The global cannabis vaporizers market size was worth around USD 5.67 billion in 2023 and is predicted to grow to around USD 19.03 billion by 2032 with a compound annual growth rate (CAGR) of roughly 14.4% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the cannabis vaporizers market on a global and regional level.

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Global Cannabis Vaporizers Market: Overview

A cannabis vaporizer or a cannabis vape is a device used to vaporize cannabis for inhalation. The cannabis vaporizers can also be used to inhale waxy concentrates and cannabis oil that is been extracted from the plant. To make the oil less viscous, it is sometimes mixed with polyethylene glycol and propylene glycol. The cannabis vaporizers are either used for medicinal or recreational purposes.

Global Cannabis Vaporizers Market: Growth Factors

The global cannabis vaporizers market is growing at a lucrative rate. Factors such as legalization of the use of cannabis, prevalent accessibility of concentrated cannabis to use in the vape, and growing research on the medicinal use of cannabis are fueling the growth of the global cannabis vaporizers market. There is a rise in the popularity of cannabis vaporizers and are attracting more consumers each year as they are easy to use and discreet. Earlier, the cannabis vaporizers were solo shooters as they needed to be loaded again after every use. With time, an improvement in the technology of the cannabis vaporizers is been witnessed which reduced leaking problems and moving away from harmful metals, glues, and fibers of the early vaporizers. Also, vaporizers heat the cannabis to a temperature that releases THC or other cannabinoids, the good stuff that is secreted by the cannabis flower and provides relief from inflammation, anxiety, nausea, and pain. All these factors and the rise in focus of the brands to improve vape formulations, cartridge technology, and extraction techniques to enable the consumer to enjoy the cannabis vaping experience are propelling the growth of the global market.

Moreover, the rise in use of cannabis vaporizers over smoking, the ability of the cannabis vapes to use less amount of cannabis to give the same effect, easy availability of the vapes on online sales channel, and growing demand for portable cannabis vapes are some of the key aspects that are also equally contributing to the growth of the market. Furthermore, growing marketing strategies & effective advertising by the key players and technological advancements in the vape may create huge opportunities for the growth of the global cannabis vaporizers market over the forecast period. However, in some countries, the use of cannabis is still considered to be illegal and is legalized only for research & medicinal use prescribed by healthcare professionals. This may hamper the growth of the global cannabis vaporizers market.

A boom in sales of cannabis vaporizers is been experienced during the pandemic. There is a rise in interest in cannabis and vapes. With the rise in consumer acceptance and legalization of the use of cannabis at the national level, makers are trying to launch the best vaporizers to the market. Owing to supply constraints, the market is slightly affected but the manufacturers are trying to keep it up. Moreover, change in government’s stance on cannabis and increase in staffing to meet the demand, after global crisis manufacturers have ramped up the production of vapes due to which the market gained significant traction.

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Global Cannabis Vaporizers Market: Segmentation

The global cannabis vaporizers market is categorized based on usage, type, heating method, ingredients, distribution channel, and region.

Based on the usage, the global cannabis vaporizers market is split into recreational purposes and medical purposes.

Based on the type, the global market is divided into desktop and portable/handheld. The heating method segment is bifurcated into induction vaporizer, conduction vaporizer, and convection vaporizer.

Based on the ingredients, the market is classified into wax, cannabis oil, and dry herbs.

Based on the distribution channel, the market is fragmented into offline and online.

Cannabis Vaporizers Market: Report Scope

Global Cannabis Vaporizers Market: Regional Analysis

North America is expected to be the largest market in terms of value in the global cannabis vaporizers market. The legalization of the use of cannabis for recreational and medicinal purposes, growing demand for portable vaporizers, and increase in spending of the consumers on high-end products are some of the factors that are leading to the growth of the market in this region. The market in the Asia Pacific region is predicted to grow substantially. This is attributed to the change in the stance of the government towards cannabis, growing awareness about its medicinal purposes, and major key players trying to expand their business in this region.

Global Cannabis Vaporizers Market: Competitive Players

• Boundless Technology LLC.
• DaVinci
• Apollo Vaporizers Inc
• PAX Labs, Inc
• Grenco Science
• SLANG Worldwide Inc.
• Arizer
• Ghost Herbal Concepts Ltd
• KandyPens, Inc.
• and STORZ & BICKEL GmbH & Co. KG 

The Global Cannabis Vaporizers Market is segmented as follows:

By Usage 

• Recreational Purposes 
• Medical Purposes

By Type 

• Desktop 
• Portable/Handheld

By Heating Method 

• Induction Vaporizer
• Conduction Vaporizer
• Convection Vaporizer

By Ingredients 

• Wax
• Cannabis Oil
• Dry Herbs

By Distribution Channel 

• Offline 
• Online

Global Cannabis Vaporizers Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.