Global Weed Vaporizer Market Overview:
Weed vaporizers are devices used to heat concentrates or weed leaves at temperatures that can turn them into vapor. Cannabis vaporizers are principally used for medical and recreational functions. The legalization of vaping for medical and recreational uses in several countries can foster market growth over the approaching years. The recreational industry, which includes pubs and bars, following regional policies, can drive demand for weed vaporizers. With recreational avenues fairly popular among youngsters, weed vaporizers are the preferred alternative and resonate with the expansion of the recreational business. Except for medical use, weed vaporizers are extensively used for recreational functions. Breakthrough innovations are revolutionizing the weed vaporizers market, because the market is anticipated to grow at a major rate.
Growth Drivers
- Increasing Demand for The Medical Purposes
- Increasing Demand for The Weed Oil Vaporizers as The Ingredients
Roadblocks
- Strict Rules and Regulations Set by The Countries
- Fluctuating Price of Raw Materials
Opportunities
- Technological Advancements in Portable Weed Vaporizers
- Increased Research and Development Activities
Challenges
- Consumption Of Weed Is Considered as Illegal in Some Countries
Competitive Landscape:
Companies in the market for cannabis vaporizers are increasing their R&D activities to introduce unmatched heating speeds and battery life in products to gain competitive edge over other market players. In order to serve the convenience of users, companies are increasing their production capacities to boost the availability of both desktop and portable vaporizers built with different heat settings.
Some of the key players profiled in the report are PAX Labs Inc. (United States), STORZ & BICKEL GmbH & Co. KG (Germany), Arizer (Canada), Apollo Vaporizers Inc. (United States), KandyPens, Inc. (United States), SLANG Worldwide Inc (Canada), DaVinci (United States), Ghost Herbal Concepts Ltd. (United States), Grenco Science (United States) and Boundless Technology LLC (United States). Considering Market by Usage, the sub-segment i.e. Medical Purpose will boost the Weed Vaporizer market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Weed Vaporizer market. Considering Market by Ingredients, the sub-segment i.e. Weed Dry Herb Vaporizers will boost the Weed Vaporizer market. Considering Market by Heating Method, the sub-segment i.e. Convection Vaporizers will boost the Weed Vaporizer market.
On 30th March 2020, PAX Labs announced the launch of Era Life, the newest addition to the PAX® Era™ family of award-winning weed vaporizer devices. Created for the on-the-go consumer, Era Life delivers the most effortless, easy to use experience without compromising on full flavor, vapor or consistency. The beautifully designed Era Life brings together a high performing battery with PAX’s most compact device yet.
What Can be Explored with the Weed Vaporizer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Weed Vaporizer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Weed Vaporizer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Weed Vaporizer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Weed Vaporizer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Weed Vaporizer, Suppliers and distributors of Weed Vaporizer, Vendors of Weed Vaporizer, Raw Material Supplier of Weed Vaporizer, Governmental and Regulatory bodies and End-Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.