- The portable marijuana vaporizer market is expected to expand at a CAGR of 13.4% during the period from 2022 to 2031.
- Increased acceptance of cannabis in medical applications is increasing demand for handheld marijuana vaporizers
- Favorable regulations regarding the use of cannabis vaporizers exist in countries North Amarica fuel regional growth
Wilmington, Dale.And the September 19, 2022 /PRNewswire/ – Global Portable marijuana vaporizer market Predicted to reach the value 15.9 billion US dollars by 2031, according to a research report by Transparency Market Research (TMR). Additionally, the assessment conducted by TMR highlights that the market is expected to expand at a compound annual growth rate of 13.4% during the forecast period, from 2022 to 2031.
According to portable marijuana vaporizers market research conducted by TMR, the demand for dry and conductive weed vaporizers has been increasing in recent years. Furthermore, the launch of various innovative products including crayons and hemp oil is expected to create lucrative opportunities for marijuana vaporizer manufacturers, the TMR report notes.
Nowadays, there are various types of dry herb vaporizers available in the market including conduction vaporizers, hybrid vaporizers, and convection vaporizers. TMR study on portable marijuana vaporizers market indicates that the demand for such vaporizers is increasing in recent years due to their various advantages including minimal cleaning requirements, which are limited to chamber/tank and mouth piece.
Portable vapors are gaining traction due to their many advantages including ease of use and portability, according to state analysts for TMR assessment in the portable marijuana vaporizer market. Regardless, the steam released by these devices is generally not as visible or smelly as other options including pipes or joint smoke. Moreover, the compact design of these devices makes them convenient while traveling as well as while in storage. Of all the options, the vape pen is one of the most portable vaporizers available today.
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Portable Marijuana Vaporizer Market: Key Findings
- Government authorities in many developed countries such as the United States provide approval for the use of marijuana for medicinal purposes. Furthermore, many regulatory agencies are making adjustments in the legal framework to allow the medical use of marijuana. These factors are expected to fuel the growth prospects of the global portable marijuana vaporizer market during the forecast period.
- Companies operating in the vaporizer marijuana market focus on spreading awareness regarding the various health benefits of medical marijuana. Furthermore, many companies are investing significant amounts in research and development in order to address critical issues including conduction limitations and thermal evaporation. Additionally, much of the research is focused on discovering the best weed vaporizers, TMR report analysts note. Besides, the major players are increasing their production capacities in portable vaporizers in order to meet the increasing market demands. These factors are expected to help expand the market share of portable marijuana vaporizers during the forecast period.
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Portable Marijuana Vaporizer Market: Growth Enhancers
- The increased use of cannabis worldwide for medicinal purposes is expected to boost the growth of the handheld marijuana vaporizer market.
- Increased demand for delivery evaporators due to their characteristics including their ability to provide better flavour, ease of use, and even heating is fueling the growth of the market.
Portable Marijuana Vaporizer Market: Regional Analysis
- Portable marijuana vaporizer market in North Amarica It is expected to maintain its leading position during the forecast period due to factors such as the presence of favorable regulations in the United States that allow the use of cannabis vaporizers in the country.
- The market is expected to gain significant growth opportunities in Europe During the forecast period where marijuana is technically legal in many regional countries such as Italia.
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Portable Marijuana Vaporizer Market: Key Players
Some of the key players mentioned in the report are:
- erezer
- STORZ & BICKEL GmbH & Co.
- Da Vinci
- Ghost Herbal Concepts Ltd.
- firefly
- PAX Laboratories, Inc.
- Planet Vapes
- cunning
- MyNextVape
- CF / CFX Unlimited
Portable marijuana market segmentation
- Product Type
- Convection evaporators
- Delivery evaporators
- Hybrid evaporators
- freighter
- temperature control
- Battery Type
- replaceable
- Not replaceable
- Material compatibility
- dry herbs
- hemp oil
- wax
- use
- medical goals
- Recreational purposes
- price range
- low (below 50 USD)
- average (50 USD – 100 USD)
- high above 100 USD)
- distribution channel
Covered areas
- North Amarica
- Europe
- Asia Pacific
- The Middle East & Africa
- South america
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