Sales of Handheld Marijuana Vaporizers to Account for US$ 26 Bn in 2029; Conduction Devices Remain Bestselling on Back of Portability and Price Benefit, Says Future Market Insights – Yahoo Finance

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.” data-reactid=”12″>DUBAI, UAE / ACCESSWIRE / February 12, 2020 / 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.

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  • 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.
  • 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.
  • 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.
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    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 R&D interests of companies include temperature control, waste reduction, and smartphone app compatibility. Smaller companies and venture capitalists will be seen targeting financial support for R&D 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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    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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