global handheld marijuana vaporizers market Poised to Rake in US$ 26.0 Bn by 2029

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Global Handheld Marijuana Vaporizers Market
Poised to Rake in US 26.0 Bn by 2029

• Feb 2020

Report Id REP-GB-11017 Published On 5 Feb,
2020 Category Retail and Consumer Products
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Research Methodology (1/2)

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ASEAN Automotive Aftermarket Analysis

• DUBAI, UAE / ACCESSWIRE / 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.
• 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.

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ASEAN Automotive Aftermarket Analysis

• 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.
• 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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ASEAN Automotive Aftermarket 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.
• Press-release Source  https//www.accesswire.com/
  576171/Sales-of-Handheld-Marijuana-Vaporizers-to-A
  ccount-for-US-26-Bn-in-2029-Conduction-Devices-Rem
  ain-Bestselling-on-Back-of-Portability-and-Price-B
  enefit-Says-Future-Market-Insights
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• Future Market Insights (FMI) is a leading market
  intelligence and consulting firm. We deliver
  syndicated research reports, custom research
  reports and consulting services which are
  personalized in nature. FMI delivers a complete
  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

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