Cannabis Vaporizers Market Projected to Gain Significant Value through 2021-2031, TMR Study
Transparency Market Research delivers key insights on the global cannabis vaporizers market. In terms of revenue, the global cannabis vaporizers market is estimated to expand at a CAGR of 14.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global cannabis vaporizers market.
The global cannabis vaporizers market is broadly affected by several factors, such as preference for safety, affordable price, convenience, change in lifestyle, and easy usage, propelling the global market for cannabis vaporizers.
Dynamics
In terms of type, the cannabis vaporizers market has been bifurcated into portable and tabletop. The demand for portable cannabis vaporizers is higher, globally. Based on heating method, the cannabis vaporizers market has been divided into conduction, convection, and induction. The conduction is the most commonly preferred heating method across the globe. Based on ingredients, the market has been classified into herbs, oils, and cannabis wax.
Based on purpose, the cannabis vaporizers market has been split into medical purpose and recreational purpose. In terms of distribution channel, the cannabis vaporizers market has been categorized into online (company-owned portal and eCommerce portal) and offline channels.
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Prominent Regions
In 2020, the North America region contributed around 50% of the revenue share to the global cannabis vaporizers market. Moreover, the demand for cannabis vaporizers in the North America region is anticipated to expand at a faster pace than in any other region, owing to rapid increase in use of vaporizers in developing countries.
Key Players
Key players operating in the global cannabis vaporizers market include DaVinci, Arizer, Canopy Growth, Boundless Technologies, DynaVap, Grenco Science, KANDYPENS, PAX Labs, Inc., Puffco, and STORZ & BICKEL GmbH.
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