About Handheld Marijuana Vaporizers
A marijuana vaporizer is a battery operated tool designed to heat cannabis and concentrates. Marijuana vaporizers have a reputation as being a healthier alternative than smoking, and vaping CBD (Cannabidiol) oil can help quit smoking. With increasing legalizations in countries such as the U.S., handheld marijuana vaporizers are being developed into effective medicinal devices, more than simply a healthier alternative for patients. In terms of size 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PAX Labs, Inc. (United States), Ghost Herbal Concepts Ltd. (United Kingdom), Vapium (United States), STORZ & BICKEL (Germany), Apollo AirVape (United States), Grenco Science, Inc. (United States) and Vape Elevate (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Arizer (Canada), Ghost Herbal Concepts Ltd. (United States), Davinci (United States) and PAX Labs, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Handheld Marijuana Vaporizers market by Type (Convection Vaporizers and Conduction Vaporizers) and Region.
On the basis of geography, the market of Handheld Marijuana Vaporizers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Temperature Control, the sub-segment i.e. Fixed will boost the Handheld Marijuana Vaporizers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Handheld Marijuana Vaporizers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Charger, the sub-segment i.e. USBs will boost the Handheld Marijuana Vaporizers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Marijuana vaping is the new trend among consumers and Advancement in technology attracting the users such as cannabis temperature control, integration with smartphone application etc.
Market Growth Drivers:
Rse in consumption of marijuana and its increasing usage in the treatment of the neurological disorder and Provide a better delivery system as compared to ingesting cannabis through smoking or edible products
Challenges:
Unknown in many regions
Restraints:
Availability of substitute in the market
Opportunities:
Acceptance in end-use industry
Market Leaders and their expansionary development strategies
In October 2023, STORZ & BICKEL GmbH, a world-leading manufacturer of high-end and medically certified vaporizers and a subsidiary of Canopy Growth Corporation announced the anticipated launch of the VENTY, STORZ & BICKEL's state-of-the-art portable vaporizer for dry herbs. Its newly designed convection and conduction heater as well as the cutting-edge heating management and cooling technology enhance flavor to produce superior vapor quality on the go.
In April 2022, Dr. Dabber, a cannabis technology business, launched a new cannabis vape. The new portable vaporizer, known as the X Nano eRig.
Key Target Audience
Handheld Marijuana Vaporizers Manufacturers, Handheld Marijuana Vaporizers Raw Material Suppliers, Handheld Marijuana Vaporizers Traders/Distributors, Regulatory & Government Bodies, End Users, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.