Handheld Marijuana Vaporizers Market - Global Industry Analysis

Handheld Marijuana Vaporizers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Consumer Goods Report Format : PDF Report Code: ZMR-5584 Status : Upcoming

Description

Global Handheld Marijuana Vaporizers Market: Overview

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.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Handheld Marijuana Vaporizers Market: Growth Factors

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.

Global Handheld Marijuana Vaporizers Market: Segmentation

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. The conduction vaporizers hold hegemony over others owing to their portable size, instant heating capability, and low price. Their innovative feature of controlling the heat during vaporization further propels the market growth. Moreover, they need less maintenance when compared to convection. Users get a strong flavor and experience, unlike the convection vaporizers. However, convection vaporizers are also witnessing a spike in growth rate due to the advancement made in these 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.

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 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.

Global Handheld Marijuana 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.

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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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