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Handheld Marijuana Vaporizer Market by Product Type (Portable, Desktop), by Vaporizer Type (Convection vaporizer, Conduction vaporizer), by Price Range (Economy, Mid-range, Premium), by Charger Type (USB, Micro USB), by Temperature Control (Fixed, Variable), by Usage (Medical purposes, Individuals/Recreational purposes), by Distribution Channel (Online, Offline), by North America (U.S., Canada, Rest of North America), by Europe (UK, Germany, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, Indonesia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Rest of MEA) Forecast 2025-2033
The Handheld Marijuana Vaporizer Market was valued at USD 6 billion in the year 2023, and it is expected to rise up to USD 14.29 billion in the year 2032 at a CAGR of 13.2%. This is because marijuana's trend of consumption for medicinal as well as for recreational purposes is becoming more extensive, along with the knowledge of healthier alternatives such as vaping over smoking.The legalization of marijuana in different parts of the world has seen an increased demand for vaporizers as they provide a safer, more discreet, and efficient means of cannabis use. The increased innovation in vaporizer technology in relation to portability, user-configurable settings, and battery life has further fueled the adoption of vaporizers. More consumers are gravitating towards healthier alternatives; meanwhile, rules regarding marijuana relax in various locations, so there is going to be a gigantic growth in this market in the next few years.
The Handheld Marijuana Vaporizer Market is highly fragmented, with a large number of players operating in the market. However, the market is dominated by a few large players, such as Storz & Bickel GmbH & Co., Arizer, and Ghost Herbal Concepts Ltd. These companies have a strong brand presence and a wide distribution network.
The market is concentrated in North America and Europe, which account for over 70% of the global market share. The market in North America is driven by the legalization of marijuana in many states, while the market in Europe is driven by the growing popularity of vaping marijuana for medicinal purposes.
The Handheld Marijuana Vaporizer Market is witnessing a number of key trends, including:
The North American market is expected to dominate the Handheld Marijuana Vaporizer Market over the forecast period. The market in North America is driven by the legalization of marijuana in many states, the growing popularity of vaping marijuana for medicinal purposes, and the increasing availability of premium vaporizers.
The portable product type segment is expected to dominate the market over the forecast period. Portable vaporizers are becoming increasingly popular due to their convenience and portability. These vaporizers are smaller and lighter than desktop vaporizers, making them easy to carry around.
The Handheld Marijuana Vaporizer Market is growing rapidly due to the increasing popularity of marijuana for medicinal and recreational purposes. The market is dominated by a few large players, such as Storz & Bickel GmbH & Co., Arizer, and Ghost Herbal Concepts Ltd. The market is concentrated in North America and Europe, which account for over 70% of the global market share.
The Handheld Marijuana Vaporizer Market is being driven by a number of factors, including:
The Handheld Marijuana Vaporizer Market is facing a number of challenges and restraints, including:
A number of emerging trends are shaping the Handheld Marijuana Vaporizer Market, including:
In April 2022, Dr. Dabber, a cannabis technology business, launched a new cannabis vape. The new portable vaporizer, known as the X Nano eRig, is available on the company’s website:
In April 2019, Firefly, a weed tech startup based in the U.S., launched Firefly 2 Plus, an app-enabled vaporizer:
In January 2019, Boundless Technology LLC introduced its CFC range called CFC Lite. The product features three pre-set temperature settings, a removable battery, and haptic feedback:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 13.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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