Handheld Marijuana Vaporizers Market Value to Reach ~US$ 26 Bn in 2029
The global handheld marijuana vaporizer market is primarily driven by the recreational marijuana market, which is gaining traction among marijuana consumers around the world. The rising trend of marijuana legalization in countries has fueled the handheld marijuana vaporizers market to a new height. Moreover, the shifting trend from smoking weed to vaping marijuana is another prime factor for the growth of handheld marijuana vaporizers. The global handheld marijuana vaporizers market was valuated at ~US$ 5 Bn in the year 2019 and is expected to expand at a CAGR of ~19% during the forecast period of 2019-2029.
FREQUENTLY ASKED QUESTIONS ABOUT handheld Marijuana Vaporizers market
What is future prospect for the Handheld Marijuana Vaporizers market?
The global handheld marijuana vaporizers market is expected to grow at a rapid pace in Europe & North America owing to the increasing number of consumers for recreational marijuana. The rising trend of marijuana legalization in countries has fueled the handheld marijuana vaporizers market to a new height. Moreover, increasing awareness of cannabis medical applications has also created opportunities for the medical industry.
Which region will lead the global sales of Handheld Marijuana Vaporizers market?
Europe remains the largest shareholder in the global handheld marijuana vaporizers market followed by North America, Latin America and Oceania. Most of the growth will come from developed regions due to growing legalization of recreational marijuana in several countries.
Which product type segment witnesses most lucrative growth opportunities?
Convection vaporizers will register highest growth during the forecast as compared to conduction vaporizers owing to its portable size, low price, instant heating capability etc. Moreover, conduction vaporizers have more control over the heat produced during vaporization which increases its popularity over convection vaporizers.
Which sales channel will be the most lucrative in future?
Online platforms will be the most lucrative sales channel for handheld marijuana vaporizers during the forecast owing to vast product availability on online platforms to compare price, product design & features, secured transaction/ payment and at door step delivery. Moreover, return or exchange policy on online platforms attracts the consumers towards more online purchases for handheld marijuana vaporizers.
Popularity of Conduction Vaporizers Increases the Market of Handheld Marijuana Vaporizers
Conduction vaporizers are more popular in handheld marijuana vaporizers market as compared to convection vaporizers due to its portable size, low price, instant heating capability etc. Conduction vaporizers have more control over the heat produced during vaporization. Conduction vaporizers need less maintenance than convection vaporizers. Moreover, users get a strong hit as compared to convection vaporizers. All these factors drive the conduction vaporizers in handheld marijuana vaporizers market which holds more than 85% market share in 2019.
Popularity of Vaping Increasing the Uptake of Handheld Marijuana Vaporizers
Marijuana vaping is the new trend among consumers. Vaping is a popular choice for medicinal marijuana users as it provides pain killing abilities from tetrahydrocannabinol (THC). In U.S., Vaping THC is considered as the third most popular way to use cannabis. Even, vaped oil holds in between 31%-39% of all cannabis product used in a year in U.S. Vaporizers are easy to carry, and provide stronger effects as compared to smoking marijuana. Advancement in technology also attracts the users such as cannabis temperature control, integration with smartphone application etc. Shifting preference from marijuana smoking to vaping has become the ongoing trend among consumers. Handheld marijuana vaporizers allow flowers, oil and concentrates to be used into it as a raw material. Hence, multifunctional use of handheld marijuana vaporizers is gaining traction globally.
* This data is only a representation. Actual data may vary and will be available in report.
Rampant Demand for Marijuana Vaporizers in Medical Usage
The cannabis industry has opened up a plethora of opportunities for biotech and pharmaceutical companies. As per an independent study, cannabis-based pharmaceuticals will surge US$8.28 billion in 2017 to around US$28.1 billion within the next five years. The increasing awareness of cannabis medical applications has created opportunities for the medical industry. Cannara Biotech, a Canadian biotech company, currently has three pet-specific patents in development which are derived from CBD. As the governments of countries will recognize more benefits of CBD, the market for medical marijuana will flourish in the future.Growing awareness about the benefits of CBD skin care products has boosted thier adoption by the personal care industry.
Convection Vaporizers to showcase noteworthy CAGR
Conduction Vaporizers will hold highest value share
USB segment has highest value share as compared to micro USB
Micro USB segment is expected to witness highest CAGR during the forecast
Online sales channel will expand at highest CAGR during the forecast
Offline is expected to hold highest value share during forecast
How Growth will Unfold
The global handheld marijuana vaporizers market is primarily concentrated in developed economies such as North America, and Europe. North America holds the highest growth rate in handheld marijuana vaporizers market as compared to other regions. Europe is likely to hold a significant revenue share of ~20% in 2019 in global handheld marijuana vaporizers market. Due to regulatory issues, most of the economies have not legalized the sale of marijuana which restricts the growth of handheld marijuana vaporizers. Growing legalization in U.S. and Canada have sparked the demand for marijuana products such as flowers, cannabis concentrates etc. This will result in increased opportunity for handheld marijuana vaporizers. Strict laws and regulations related to marijuana have hit sales in Asia Pacific and Middle East Countries. Argentina has been seen with the highest sales for handheld marijuana vaporizers among Latin American Countries.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Handheld Marijuana Vaporizers Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029
A recent market study published by FMI on “Handheld Marijuana Vaporizers Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Handheld Marijuana Vaporizers Market Taxonomy
The global handheld marijuana vaporizers market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
- Convection Vaporizers
- Conduction Vaporizers
- Micro USB
- North America
- South America
- East Asia
- South Asia
The report commences with the executive summary of the handheld marijuana vaporizers market, which includes a summary of key findings and key statistics of the market. It also includes market value (US$ million) estimates of leading segments in the handheld marijuana vaporizers market.
Readers can find the detailed segmentation and definition of the handheld marijuana vaporizers market in this chapter, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which helps the reader in understanding the scope of the handheld marijuana vaporizers market report.
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.
This section includes key inclusions of the report. It offers product adoption and usage analysis, effective quality control, establishment of export markets and opportunity analysis, and strategies followed by manufacturers for market expansion.
This section provides detailed analysis of the historical handheld marijuana vaporizers market volume, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019–2020), and an incremental opportunity for the forecast period (2019–2029).
This chapter highlights the pricing analysis based on product for base year 2018 and forecast year 2029.
This chapter includes the detailed analysis of the historical handheld marijuana vaporizers market value, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019–2020), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains key macroeconomic factors that are expected to influence the growth of the handheld marijuana vaporizers market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. It also offers key market dynamics of the handheld marijuana vaporizers market, which include drivers, restraints, and trends. Moreover, it will help readers understand key trends followed by leading manufacturers in the handheld marijuana vaporizers market.
Based on product, the handheld marijuana vaporizers market is segmented into convection vaporizers, and conduction vaporizers. In this chapter, readers can find market attractiveness analysis, based on products.
This chapter provides various details about the handheld marijuana vaporizers market on the basis of charger, and has been classified into USB, and Micro USB. In this chapter, readers can understand the market attractiveness analysis, based on charger.
This chapter provides details about the handheld marijuana vaporizers market on the basis of temperature control, and has been classified into fixed, and variable, along with market attractiveness analysis.
This chapter provides details about the handheld marijuana vaporizers market on the basis of sales channel, and has been classified into online and offline sales channel.
This chapter explains how the handheld marijuana vaporizers market will grow across various geographic regions, such as North America, South America, Europe, East Asia, South Asia and Pacific, Oceania & Middle East and Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America handheld marijuana vaporizers market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product, charger, temperature control,, , , sales channel and countries in North America.
Readers can find detailed information about several factors, such as pricing analysis and regional trends, which are impacting the growth of the Latin America handheld marijuana vaporizers market. This chapter also includes growth prospects of the market in leading LATAM countries such as Brazil, Mexico, Argentina, and the rest of Latin America.
Important growth prospects of the handheld marijuana vaporizers market in several countries, such as Germany, the UK, France, Spain, Italy, Russia, and the rest of Europe, are included in this chapter.
India, Thailand, and Malaysia are leading countries in the South Asia region, which are prime subjects of assessment to obtain growth prospects of the market. Readers can also find detailed information about growth parameters of the South Asia handheld marijuana vaporizers market during the forecast period.
This chapter highlights the growth of the handheld marijuana vaporizers market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers in understanding key factors that are responsible for the growth of the handheld marijuana vaporizers market in East Asia.
This chapter highlights the growth of the handheld marijuana vaporizers market in Oceania by focusing on Australia and New Zealand. This section also helps readers in understanding key factors that are responsible for the growth of the handheld marijuana vaporizers market in Oceania.
This chapter provides information about how the handheld marijuana vaporizers market will grow in major countries of the MEA region, such as GCC Countries, South Africa, Israel, and the rest of MEA, during the forecast period.
This chapter provides information market analysis of companies, market concentration of companies, market share of top players and their presence.
In this chapter, readers can find a comprehensive list of all leading stakeholders in the handheld marijuana vaporizers market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some market players featured in the report are DaVinci, PAX Labs Inc., Ghost Vapes Inc., SLANG Worldwide Inc., Vapium Inc., STORZ & BICKEL GmbH, Boundless Technology and others.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Handheld Marijuana Vaporizers market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Newt development in handheld marijuana vaporizers manufacturing
- Leading players for each brand labels for handheld marijuana vaporizers
- Key strategies followed by handheld marijuana vaporizers manufacturers
- Average Selling Price (US$) and market growth for handheld marijuana vaporizers
- Key developments in handheld marijuana vaporizers market
- Key trends and opportunities
- Region-wise dynamics
- Market share information
- Competition & key vendor strategies of handheld marijuana vaporizers
- State Medical Marijuana Laws - USA
- Centers for Disease Control and Prevention
- U.S. Department of Health & Human Services
- U.S. Food and Drug Administration (FDA)
- National Organization for the Reform of Marijuana Laws
- Advocating for the Responsible Cannabis Industry
- California Cannabis Portal
- Bureau of Cannabis Control (BCC)
- LARA - Marijuana Regulatory Agency - State of Michigan
- European Monitoring Centre for Drugs and Drug Addiction
Primary Interview Splits