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Report
Dry Herb Cannabis Vaporizers Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Market Report I 2024-11-04 I 134 Pages I Global Market Insights
The Global Dry Herb Cannabis Vaporizers Market reached USD 2.58 billion in 2023, with an anticipated CAGR of 14.6% from 2024 to 2032. Growth in this market is largely fueled by the rising endorsement of cannabis for both therapeutic and recreational purposes, which has expanded consumer access and acceptance worldwide.
A rise in chronic health conditions also contributes significantly to market demand as more individuals turn to cannabis for its potential therapeutic effects, especially in controlling chronic pain, inflammation, anxiety, and depression. Vaporizers provide a popular alternative to traditional smoking, offering a better consumption procedure by decreasing exposure to unsafe supplements.
The market is segmented by product type into tabletop and portable vaporizers, with portable options leading the industry in 2023 and generating USD 1.93 billion in revenue. Portable vaporizers are expected to grow at a CAGR of 14.8% during the forecast period. Their popularity stems from their convenience, compact size, and mobility, appealing to a broad consumer base. Advanced features such as Bluetooth connectivity, rapid heating, and USB charging enhance their appeal to tech-savvy users, while simple, user-friendly designs attract both beginners and experienced consumers.
Based on heating methods, the market is divided into conduction, convection, and induction. In 2023, conduction heating dominated, holding a 44% market share and is projected to grow at a CAGR of 13.9%. Conduction vaporizers deliver an efficient vaping experience, heating the herb directly through contact with a hot surface for rapid vapor production. This immediate heat-up feature meets the demands of users who prioritize convenience and fast results, and the straightforward design appeals particularly to beginners.
Europe leads the market, generating approximately USD 900 million in 2023, and projected to grow at a CAGR of 15.9%. This dominance is largely due to the legalization of cannabis for medical use across various European nations, driven by the rising prevalence of conditions like anxiety, depression, and inflammation. Cannabis's therapeutic potential is increasingly recognized, yet recreational use remains strictly regulated in several areas. This evolving legal landscape has fostered a more accessible market, encouraging innovation and investment in vaporization products across the region.
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 The increasing acceptance and legalization of cannabis for medical and recreational purposes
3.6.1.2 Advancements in vaporizer technology
3.6.1.3 Increasing prevalence of chronic diseases
3.6.1.4 Rising health consciousness
3.6.2 Industry pitfalls & challenges
3.6.2.1 Presence of counterfeit products in the market
3.6.2.2 Market saturation
3.7 Technological Overview
3.8 Consumer buying behavior analysis
3.8.1 Demographic trends
3.8.2 Factors Affecting Buying Decision
3.8.3 Consumer Product Adoption
3.8.4 Preferred Distribution Channel
3.8.5 Preferred Price Range
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Thousand Units)
5.1 Key trends
5.2 Tabletop
5.3 Portable
Chapter 6 Market Estimates & Forecast, By Heating Method, 2021-2032 (USD Billion) (Thousand Units)
6.1 Key trends
6.2 Conduction
6.3 Convection
6.4 Induction
Chapter 7 Market Estimates & Forecast, By Power Source, 2021-2032 (USD Billion) (Thousand Units)
7.1 Key trends
7.2 Battery
7.3 Battery free
Chapter 8 Market Estimates & Forecast, By Usage, 2021-2032 (USD Billion) (Thousand Units)
8.1 Key trends
8.2 Medical Purpose
8.3 Recreational Purpose
Chapter 9 Market Estimates & Forecast, By Price Range, 2021-2032 (USD Billion) (Thousand Units)
9.1 Key trends
9.2 Low
9.3 Medium
9.4 High
Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Thousand Units)
10.1 Key trends
10.2 Online
10.3 Offline
Chapter 11 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Thousand Units)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.4 Asia Pacific
11.4.1 Thailand
11.4.2 Philippine
11.4.3 New Zealand
11.4.4 Australia
11.4.5 Sri Lanka
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Argentina
11.6 MEA
11.6.1 South Africa
11.6.2 Malta
11.6.3 Morocco
Chapter 12 Company Profiles
12.1 Apollo Airvape
12.2 Arizer
12.3 Boundless Technology
12.4 DaVinci Vaporizer
12.5 DynaVap
12.6 Flowermate
12.7 Grenco Science
12.8 Healthy Rips
12.9 KandyPens
12.10 Ooze
12.11 Open Slang Worldwide
12.12 Pax Labs
12.13 Planet of the Vapes
12.14 Storz & Bickel
12.15 Topgreen Technology
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