Vijay Kundekar (1)

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Handheld Marijuana Vaporizers Market will Account
for Worth US 26 Bn by 2029 FMI Reports

• Feb 2020

Report Id REP-GB-11017 Published On
05-Feb-2020 Category Retail and Consumer
Products
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
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PMR conducts interviews with industry experts, industry players, distributors and retailers
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Handheld Marijuana Vaporizers Market Analysis
The global handheld marijuana vaporizers market
is projected to reach a valuation of US 26 Bn in
2029, with a strong double-digit CAGR during
2019-2029. As indicated by a new study by Future
Market Insights (FMI), the market is receiving
impetus from the legalization of marijuana, and
the rapid transition from smoking weed to vaping
marijuana.
"Demand for marijuana vaporizers would
particularly witness the rise of concentrates.
While sales of marijuana flowers could
potentially drop in the near future, that of
handheld marijuana vaporizers will observe an
upward trend, as vape pens work even with
non-psychoactive CBD, concentrates, vape oil, and
dry herbs.", opines the Future Market Insights
study.
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Handheld Marijuana Vaporizers Market Analysis

• Key Research Findings of FMI's Handheld Marijuana
  Vaporizers Market Study
• Offline sales of handheld marijuana vaporizers
  continue to contribute a majority of revenues to
  the market.
• Online sales are set for a solid CAGR of over 16
  through 2029.
• North America continues to lead the global
  market, with greater access to superior medical
  infrastructure and research facilities.
• Sales of conduction handheld marijuana vaporizers
  remain strong compared to their convection
  counterparts, owing to the compact size,
  portability, and affordability.

• Key Growth Drivers
• Legalization of marijuana for medicinal and
  recreational applications is driving the growth
  of handheld marijuana vaporizers market.
• Discretion in consumption, portable
  characteristics, and convenience continue to be
  the key factors shaping the popularity of
  handheld marijuana vaporizers market.
• Handheld vaporizers allow the use of oil,
  flowers, and concentrates as raw materials, which
  broadens their scope of adoption.

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Handheld Marijuana Vaporizers Market Analysis

• Key Impediments
• Strict regulations related to the use of
  marijuana in different countries continue to be a
  major restraint for the growth of the handheld
  marijuana vaporizer market.
• The availability of affordable alternatives will
  remain a key impediment facing manufacturers of
  handheld marijuana vaporizers.
• Competition Structure Analysis - Handheld
  Marijuana Vaporizers Market
• Competition landscape of the global handheld
  marijuana vaporizers market will primarily remain
  influenced by investments in technological
  integrations in products. Some of the latest tech
  trends that are garnering RD interests of
  companies include temperature control, waste
  reduction, and smartphone app compatibility.
  Smaller companies and venture capitalists will be
  seen targeting financial support for RD to gain
  an edge over the competition. Entry and exit of
  multiple prominent players in the market mark a
  significant trend that would shape up the
  competition over the near future.

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Handheld Marijuana Vaporizers Market Analysis
Some of the key participants in global handheld
marijuana vaporizers market that are profiled in
this Future Market Insights' report, which
include but are not limited to, DaVinci,
Boundless Technology, PAX Labs Inc., STORZ
BICKEL GmbH, Ghost Vapes, Inc., Vapium Inc., and
SLANG Worldwide Inc., among others. Source Link
https//www.accesswire.com/576171/Sales-of-Handhel
d-Marijuana-Vaporizers-to-Account-for-US-26-Bn-in-
2029-Conduction-Devices-Remain-Bestselling-on-Back
-of-Portability-and-Price-Benefit-Says-Future-Mark
et-Insights
About the Report The report offers global,
regional, and country level analysis of the
latest industry trends impacting the handheld
marijuana vaporizers market. The study provides
compelling insights on handheld marijuana
vaporizers market on basis of product types
(convection vaporizers, conduction vaporizers,),
by charger type (USB and Micro USB), by
temperature control (fixed and variable), by
sales channels (online and offline) across 30
countries spanning seven key regions (North
America, South America, Europe, East Asia, South
Asia, Oceania, and Middle East and Africa).
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Handheld Marijuana Vaporizers Market Analysis

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• Residential Water Treatment Devices Market
• About Future Market Insights (FMI)
• Future Market Insights (FMI) is a leading
  provider of market intelligence and consulting
  services, serving clients in over 150
  countries. FMI is headquartered in London, the
  global financial capital, and has delivery
  centers in the U.S. and India. FMI's
  latest market research reports and industry
  analysis help businesses navigate challenges and
  make critical decisions with confidence and
  clarity amidst breakneck competition.

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Handheld Marijuana Vaporizers Market Analysis
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