Home > Consumer Goods & Services > Retail > Recreational Products > Handheld Marijuana Vaporizer Market

Handheld Marijuana Vaporizer Market Analysis

  • Report ID: GMI8196
  • Published Date: Feb 2024
  • Report Format: PDF

Handheld Marijuana Vaporizer Market Analysis

Based on product type, the portable segment dominated around USD 4.4 billion revenue in 2023. Consumers often prefer vaporizers that are discreet and easy to carry. A portable vaporizer should be compact enough to fit in a pocket or a purse, allowing users to use it on the go without drawing attention. Longer battery life is a significant advantage in portable vaporizers. Consumers prefer devices that can last multiple sessions without needing frequent recharges, especially when they are traveling or away from power sources.

Additionally, portable vaporizers are meant for use on the go, they must be sturdy enough to withstand the rigors of daily use and occasional drops or bumps. Furthermore, consumers prioritize safety when it comes to vaporizers. Devices with features such as automatic shut-off, overheat protection, and short-circuit prevention inspire confidence among users, thereby boosting product growth.

Handheld Marijuana Vaporizer Market Share, By Vaporizer Type, 2023

Based on vaporizer type, the conduction vaporizer segment held over 80% of the handheld marijuana vaporizer market share in 2023. Conduction heating allows the vaporizer to reach the desired temperature quickly, enabling users to begin their vaping sessions almost instantly. This is particularly advantageous for on-the-go users who value convenience and efficiency. Conduction vaporizers are often simpler to operate compared to other heating methods. This simplicity appeals to a wide range of consumers including beginners and those who prefer hassle-free experiences.

Additionally, conduction heating ensures that the material in the chamber is evenly heated, promoting efficient vaporization and maximizing the use of marijuana. Users can expect consistent vapor production throughout their sessions, optimizing the experience and reducing waste.

Based on price range, the handheld marijuana vaporizer market from mid-range segment accounted for 53% of the revenue share in 2023. Mid-range pricing can often convey a sense of value for money. Consumers may perceive the product as offering quality features and performance without being overly expensive. This perception of value can attract budget-conscious consumers who still prefer to purchase a quality product. In a market where there are both high-end and low-end options, having a mid-range price advantage can help the company stand out from competitors. They can offer features and quality comparable to higher-priced vaporizers but at a more accessible price point.

Additionally, mid-range priced vaporizer allows the company to appeal to a wider range of consumers. Some consumers may find high-end vaporizers too expensive while others may perceive low-priced ones as lacking in quality. By positioning themselves in the mid-range, companies can attract both segments of the market.

North America Handheld Marijuana Vaporizer Market, 2022 - 2032, (USD Billion)

North America handheld marijuana vaporizer market size reached USD 3.2 billion in 2023. North America, particularly the U.S. and Canada, has seen significant advancements in the legalization and regulation of marijuana for both medical & recreational purposes. This has created a large and growing market for marijuana-related products including vaporizers. North American companies have been pioneers in developing innovative vaporizer technologies including portable and handheld devices. This innovation has driven consumer interest and adoption of vaporizers in the region.

Additionally, there has been a growing cultural acceptance of marijuana use in North America, particularly for medical purposes, fueling the demand for vaporizers as a discreet & convenient way to consume cannabis. The rise in disposable income further contributes to this regional trend, thereby propelling market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of handheld marijuana vaporizer reached USD 6 billion in 2023 and is set to witness 13.2% CAGR from 2024 to 2032, owing to growing legalization of cannabis for medical & recreational purposes worldwide.

The portable segment recorded USD 4.4 billion in 2023, due to consumers opting for vaporizers that are discreet and easy to carry.

North America market size was valued at USD 3.2 billion in 2023, attributed to the increasing legalization and regulation of marijuana for both medical & recreational purposes in the region.

Storz & Bickel GmbH & Co., Arizer, Ghost Herbal Concepts Ltd., Davinci, PAX Labs, Inc., FireFly, Crafty, Hound Labs, Inc., Lobo Genetics, Planet of the Vapes, and Boundless CF/CFX are some of the major handheld marijuana vaporizer companies worldwide.

Handheld Marijuana Vaporizer Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 232
  • Countries covered: 24
  • Pages: 255
 Download Free Sample