Handheld Marijuana Vaporizers Market is Projected to Bring in US$ 26 Bn by 2029Posted by Vijay Kundekar on February 20th, 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. "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
Key Growth Drivers
Key Impediments
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 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. 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. About the Report 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). Explore Related Reports of Retail and Consumer Products comprehensive coverage on
About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. CONTACT: Future Market Insights Like it? Share it!More by this author |