Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 6.08 Billion | USD 18.70 Billion | CAGR at 13.30% | 2023 |
A marijuana vaporizer is a tool developed to heat concentrates and cannabis. The main components of the body of these battery-operated vaporizers include the mouthpiece and the battery - the oven. The body differs in shapes, sizes, models, and manufacturers. There are two smoking ingredients for marijuana namely Tetrahydrocannabinol (THC) and Cannabinol (CBN). Vaporizers are a safer and wise way of smoking marijuana. Vaporizers are ideal because they heat up cannabis till pure CBN and THC are emitted without burning the weed. Burning is not required for vaporizing and the consumers can take benefits from active compounds. Thus, vaporization is more preferable to smoking in terms of flavors too.
The global handheld marijuana vaporizers market is expected to grow significantly during the forecast period owing to the rising consumption and growing usage of marijuana in neurological disorder treatment. Marijuana is a good antidepressant that is available commercially. Before the herb legalization, people smoked marijuana to overcome depression, anxiety, and stress. Due to the legalization of marijuana, the healthcare sector prescribes cannabis in a small amount to treat the mental condition of people. This development in the area of medical and healthcare also fuels the market growth significantly. Further, the integration of smartphones in controlling the cannabis temperature boosts market growth globally. Moreover, due to the need for getting rid of hassled and hectic lifestyles particularly from millennials is vigorously increasing the demand for handheld marijuana vaporizers.
Innovative products with improved capabilities are being launched in the market by key players. They have effectively improved the accuracy and functionality of the devices. Furthermore, the companies are undergoing rigorous research and development for launching more improved products with better heating ability, portability, durability, and elegant design and thus, will bolster the market growth significantly.
The global handheld marijuana vaporizers market can be segmented into product, charger, temperature control, sales channel, and region.
By product, the market can be segmented into conduction and convection vaporizers.
By charger, the global handheld marijuana vaporizers market can be segmented into micro USB and USB. The USB segment holds the largest market share.
By temperature control, the market can be segmented into a variable and fixed.
By the sales channel, the global handheld marijuana vaporizers market can be segmented into offline and online. The online sales channel segment dominates the market due to the widespread availability of products and ease in comparing price, features, designs, doorstep delivery, and many more. Moreover, the return and exchange policy further attract the consumer and thus boost the growth of the segment.
Report Attributes | Report Details |
---|---|
Report Name | Handheld Marijuana Vaporizers Market Research Report |
Market Size in 2023 | USD 6.08 Billion |
Market Forecast in 2032 | USD 18.70 Billion |
Growth Rate | CAGR of 13.30% |
Number of Pages | 196 |
Key Companies Covered | Vape Elevate, Grenco Science, Inc., Apollo AirVape, STORZ & BICKEL, Vapium, Ghost Herbal Concepts Ltd., PAX Labs, Inc, DaVinci, Arizer, MyNextVape, Boundless CF/CFX, Planet of the Vapes, PAX Labs Inc., Crafty, FireFly, STORZ & BICKEL GmbH & Co., and Ghost Herbal Concepts Ltd. |
Segments Covered | By Product, By Charger, By Temperature control, By Sales channel and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Handheld Marijuana Vaporizers Market: Regional analysis
North America holds the highest growth rate in the global handheld marijuana vaporizers market owing to the increasing legalization. The surging number of consumers demanding recreational marijuana also fuels regional growth.
Moreover, Argentina witnessed the highest sales of these products in Latin America.
Asia Pacific is anticipated to witness huge growth owing to the increased awareness of medical uses of cannabis in treating patients. Moreover, strict government laws for herb legalization are inducing the regional market to grow significantly.
Global Handheld Marijuana Vaporizers Market: Competitive Players
Some of the significant players in the global handheld marijuana vaporizers market are:
By Product
By Charger
By Temperature control
By Sales channel
FrequentlyAsked Questions
The global handheld marijuana vaporizers market is expected to grow significantly during the forecast period owing to the rising consumption and growing usage of marijuana in neurological disorder treatment. Marijuana is a good antidepressant that is available commercially. Before the herb legalization, people smoked marijuana to overcome depression, anxiety, and stress.
Some of the significant players in the global handheld marijuana vaporizers market are Vape Elevate, Grenco Science, Inc., Apollo AirVape, STORZ & BICKEL, Vapium, Ghost Herbal Concepts Ltd., PAX Labs, Inc, DaVinci, Arizer, MyNextVape, Boundless CF/CFX, Planet of the Vapes, PAX Labs Inc., Crafty, FireFly, STORZ & BICKEL GmbH & Co., and Ghost Herbal Concepts Ltd.
North America holds the highest growth rate in the global handheld marijuana vaporizers market owing to the increasing legalization. The surging number of consumers demanding recreational marijuana also fuels regional growth.
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