Cannabis Vaporizer Market - By Type (Tabletop, Portable), By Ingredient (Dry Herb Vaporizers, Oil, Hybrid), By Heating Method, By Power Source, By Usage, By Price, By Distribution Channel & Forecast, 2024 – 2032

Cannabis Vaporizer Market Size

Cannabis Vaporizer Market was valued at USD 5 billion in 2023 and is anticipated to register a CAGR of over 14.3% between 2024 & 2032. The increasing legalization of cannabis for both medical and recreational purposes in various countries around the world is significantly boosting the industry growth. Vaporizers are a preferred method for patients as they provide a smoke-free option for administering the medicinal plant. This has led to collaborations between vaporizer manufacturers and medical cannabis companies, driving market expansion.
 

Furthermore, advancements in technology have led to the development of more sophisticated vaporizers that offer a better user experience. These devices are also equipped with features such as temperature control, longer battery life, and sleek designs, making them not only safer but also more user-friendly. This has further fueled the adoption of vaporizers among consumers, especially the younger generation who are more tech-savvy and are always on the lookout for innovative products.

Public health concerns related to vaping including reports of vaping-related lung injuries and illnesses pose a significant threat to the cannabis vaporizer market. Negative perceptions of vaping safety can deter consumers from using vaporizers, leading to a decline in product demand and sales. As cannabis is still illegal at the federal level in many countries, there is a lack of consistent regulations and guidelines for the production & sale of vaporizers. This can lead to a wide range of quality and safety standards, making it difficult for consumers to know which products are safe & effective. This lack of regulation also opens the market for counterfeit & low-quality products, which can be harmful to consumers and tarnish the reputation of legitimate companies.
 

Cannabis Vaporizer Market Trends

Each year, vape brands push the boundaries of innovation by adding advanced features to their products. One technological integration to anticipate is digital screens, providing vapers with greater control and visibility over their devices. Digital screens offer detailed information such as settings adjustments at the touch of a button and simplifying the vaping process for users of all levels of expertise. In addition to enhancing digital features, vape brands are also expected to prioritize user safety and device durability in the coming years. This renewed focus will be showcased with the addition of advanced protection features such as automatic shut-off mechanisms, which safeguard the device. Vape manufacturers will also focus on building quality by utilizing materials that are more resistant to daily wear, impacts, and accidents.
 

Cannabis Vaporizer Market Analysis

Based on type, the market can be segmented into tabletop and portable. The portable cannabis vaporizer segment held a dominant market share of over USD 4 billion in 2023 and is anticipated to grow in the coming years. Portable vaporizers offer a customized experience for users such as precise temperature control that enable individuals to adjust the temperature based on their personal preferences and the specific strain of cannabis being used. This can result in a more enjoyable and tailored experience for the user. In addition to these benefits, these vaporizers are also available with a wide range of options, ranging from sleek and discreet designs to more complex & customizable devices, thus meeting individual needs and preferences.
 

Based on ingredients, the market is categorized into dry herb vaporizers, oil, and hybrid. The dry herb vaporizers segment led the global market, generating around USD 2 billion, in 2023 and is anticipated to grow over the forecast timeframe. Unlike traditional smoking methods, dry herb vaporizers heat up the herbs to a temperature that releases the active ingredients in the form of vapor, rather than burning them and creating smoke. This method not only eliminates the harmful toxins and carcinogens found in smoke, but it also preserves the natural flavor and aroma of the herbs. Furthermore, dry herb vaporizers allow for more control over the temperature, allowing users to customize their experience and achieve the desired effects. This is especially beneficial for medical marijuana patients who need specific temperatures to activate certain compounds for their desired treatment. In addition, using a dry herb vaporizer reduces the amount of waste and mess compared to traditional smoking methods, as the herbs are not burnt and turn into ash.
 

North America dominated the market with over 34% market share in 2023. The North America cannabis vaporizer market is experiencing rapid growth due to the increasing legalization of cannabis for both medical & recreational purposes in various states across the region. As per the National Youth Tobacco Survey, among middle & high school students, 2.8 million (10%) reported current use of a tobacco product in 2023. Additionally, 2.13 million (7.7%) students reported current vape use in 2023. Disposable products were the most used vape device type among youth. As per the National Youth Tobacco Survey 2023, among students who currently used vape, the most reported brands were Elf Bar (56.7%), Esco Bars (21.6%), Vuse (20.7%), JUUL (16.5%), and Mr. Fog (13.6%). As more states legalize cannabis, the demand for vaporizers is expected to continue to rise, making it a lucrative market for manufacturers and retailers in the North America region.
 

Cannabis Vaporizer Market Share

Prominent players including Elf Bar, JUUL Labs Inc., PAX Labs, Inc., and Grenco Science accounted for over 30% market share in 2023. These players are proactively involved in strategic endeavors, such as mergers & and acquisitions, facility expansion, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to R&D, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.
 

Cannabis Vaporizer Market Companies

Major players operating in the cannabis vaporizer industry include:

• Apollo AirVape
• Arizer
• AVEO
• Boundless Technology
• DaVinci Vaporizer
• DRD LLC
• DynaVap
• Elf Bar
• Grenco Science
• Juul Labs, Inc.
• KandyPens, Inc
• O.pen-Slang Worldwide
• PAX Labs, Inc.
• Smoke Cartel, Inc
• STORZ & BICKEL GmbH
   

Cannabis Vaporizer Industry News

• In January 2024, SLANG Worldwide, a leading global cannabis consumer packaged goods company, launched its industry-leading vape brand, O.pen, in Arizona through a strategic partnership with Trulieve Cannabis Corp., one of the leading & top-performing cannabis companies based in the U.S. Through SLANG's longstanding strategic alliance with Trulieve, the companies partnered to bring O.pen products into Maryland, Florida, and West Virginia with arrival in Pennsylvania expected soon.
   
• In December 2023, AVEO launched a biodegradable cannabis vape pen. With URTHC and its bio-compostable components, AVEO focuses on sustainability, providing a responsible choice for conscious consumers.
   
• In July 2023, PAX launched My PAX, a new program offering unique and creative customization capabilities in its cannabis vaporizers to consumers across the U.S.
   

The cannabis vaporizer market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments:

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Market, By Type

• Tabletop
• Portable

Market, By Ingredient

• Dry herb vaporizers
• Oil
• Hybrid

Market, By Heating Method

• Conduction
• Convection
• Induction

Market, By Power Source

• Battery
• Without battery

Market, By Usage

• Medical Purpose
• Recreational Purpose

Market, By Price

• Low
• Medium
• High

Market, By Distribution Channel

• Online
  • Company websites
  • E-commerce
• Offline
  • Dispensaries
  • Specialty Store
  • Others (Convenience Stores, Gas Stations)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA