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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
How big is the cannabis vaporizer market?
Industry size for cannabis vaporizer was USD 5 billion in 2023 and is anticipated to witness over 14.3% CAGR between 2024 and 2032, due to the increasing legalization of cannabis for both medical and recreational purposes in various countries
Why is the demand for portable cannabis vaporizers rising?
Portable cannabis vaporizer market size was valued at more than USD 4 billion in 2023 and is anticipated to grow till 2032 as they offer customized experience for users, such as precise temperature control ?
Who are the major cannabis vaporizer industry players?
Some of the leading cannabis vaporizer companies are Apollo AirVape, Arizer, AVEO, Boundless Technology, DaVinci Vaporizer, DRD LLC, DynaVap, Elf Bar, and Grenco Science, among others
What is the value of the North America market for cannabis vaporizer?
North America recorded over 34% of the cannabis vaporizer industry share in 2023 due to the increasing legalization of cannabis for both medical & recreational purposes in various states across the region