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Handheld Marijuana Vaporizer Market Share

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

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Handheld Marijuana Vaporizer Market Share

In 2023, dominant companies including Storz & Bickel GmbH & Co., Arizer, Ghost Herbal Concepts Ltd., and Davinci, PAX Labs, Inc. collectively held a substantial 20% - 25% market share. The market is highly fragmented with industry leaders actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Handheld Marijuana Vaporizer Market Companies

Major companies operating in the handheld marijuana vaporizer industry include:

Storz & Bickel GmbH & Co.
Arizer
Ghost Herbal Concepts Ltd.
Davinci
PAX Labs, Inc.
FireFly
Crafty
Hound Labs, Inc.
Lobo Genetics
Planet of the Vapes
Boundless CF/CFX
MyNextVape
Da Buddha Vaporizers
Tera
tCheck
Kassi Labs Inc.
Leaf
Puffco
Syqe Medical
Resolve Digital Health
Vapir Rise Vaporizers
Wisp

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.