Market Overview:
The global vaporizers market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the growing popularity of vaping, increasing awareness about the benefits of vaping over smoking, and rising demand for medical marijuana. The global vaporizers market is segmented on the basis of type into e-cigarette vaporizers, marijuana vaporizers, and medical vaporizers. The e-cigarette segment is expected to account for a major share in terms of revenue in 2018 owing to its high adoption rate among consumers. However, the marijuana vaporizer segment is projected to grow at a higher CAGR during the forecast period due to its growing use for medicinal purposes. On the basis of application, personal use accounted for majority share in 2017 and it is anticipated that this trend would continue during forecast period as well. However, with increasing legalization of cannabis across various countries for medicinal purposes, there would be an increase in demand for marijuana vaporizers specifically used by patients suffering from chronic diseases or disorders such as cancer or multiple sclerosis (MS).
Product Definition:
A vaporizer is a device used to heat up cannabis products, like flower or concentrates, to the point of vaporization. At this temperature, the active ingredients in cannabis are released without any burning or combustion. This allows for a much cleaner and healthier experience than smoking. Vaporizers come in many different shapes and sizes, but they all serve the same purpose: to provide an easy and efficient way to consume cannabis without having to smoke it.
The importance of vaporizers cannot be overstated. Not only are they a healthier option than smoking, but they also allow for more accurate dosage control. When you combust cannabis (smoke it), you're not just inhaling the cannabinoids that you want; you're also inhaling all of the harmful byproducts that come along with it. By vaping your cannabis instead, you're bypassing all of those harmful toxins and getting straight to the good stuff.
E-cigarette Vaporizers:
E-cigarette vaporizers are electronic devices that help in converting the e-liquid into a plume of vapor. The most common types of e-liquids include propylene glycol, vegetable glycerin, and nicotine; whereas the most popular type of E-cigarettes is the ones with tobacco content. Vaporizers are mostly used for consuming cannabis or marijuana where it is smoked through pipes or bongs.
Marijuana Vaporizers:
Marijuana vaporizers are devices used to consume marijuana by heating it to a temperature where the active ingredients in the plant are released in the form of vapor. The most common way of using a vaporizer is by placing some amount of dry herb into it and turning it on. Some other ways include loading an entire joint or blunt into a chamber, filling up the chamber with cannabis flower, and pressing button as per requirement.
Application Insights:
The personal use application segment dominated the global vaporizers market in 2017. With growing awareness regarding health issues, demand for e-cigarettes has increased significantly across the globe. According to a study published by researchers from China and U.S., it was found that majority of smokers have positive attitude towards using e-cigarettes as an alternative to regular cigarettes. The medical application segment is expected to witness significant growth over the forecast period owing to increasing usage of marijuana vaporizers for treating chronic pain and other associated disorders among patients suffering from cancer or multiple sclerosis.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of prominent players such as JUUL Labs, Inc.; Philip Morris International Inc.; and British American Tobacco Plc. The region is expected to maintain its dominance over the forecast period due to factors such as increasing awareness regarding e-cigarettes and vaporizers among youth population, rising adoption by smokers looking for alternatives of tobacco products, and favorable government initiatives. For instance, in 2018 U.S., FDA has announced that it will regulate e-cigarette as drug delivery devices which would require manufacturers comply with extensive regulation before they can be sold commercially.
Europe accounted for a significant share of revenue in 2017 owing to growing popularity among users seeking healthier alternatives compared to smoking tobacco or marijuana cigarettes regularly.
Growth Factors:
- Increasing demand for vaporizers from the medical sector as a mode of delivering medication.
- Rising awareness about the benefits of using vaporizers among general population.
- Technological advancements in design and functionality of vaporizers that are making them more user-friendly and attractive to consumers.
- Growing number of online stores and retail outlets selling different types of vaporizers, which is making them more easily accessible to consumers across all geographies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vaporizers Market Research Report
By Type
E-cigarette Vaporizers, Marijuana Vaporizers, Medical Vaporizers
By Application
Personal Use, Medical Application, Others
By Companies
Vicks, Vanker, Leica Biosystems, The Nug, Grizzly Guru, Innokin, FGB Natural Products, Chart Industries, Vicks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Vaporizers Market Report Segments:
The global Vaporizers market is segmented on the basis of:
Types
E-cigarette Vaporizers, Marijuana Vaporizers, Medical Vaporizers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Medical Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vicks
- Vanker
- Leica Biosystems
- The Nug
- Grizzly Guru
- Innokin
- FGB Natural Products
- Chart Industries
- Vicks
Highlights of The Vaporizers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- E-cigarette Vaporizers
- Marijuana Vaporizers
- Medical Vaporizers
- By Application:
- Personal Use
- Medical Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vaporizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vaporizers are devices that heat up a liquid or solid substance to create vapor, which is then inhaled. Vaporizers come in many shapes and sizes, from desktop units that look like small computers to handheld models that resemble cigarettes. Vaporizers can be used with nicotine or without it, and they are often considered healthier than smoking because the user does not burn tobacco.
Some of the major companies in the vaporizers market are Vicks, Vanker, Leica Biosystems, The Nug, Grizzly Guru, Innokin, FGB Natural Products, Chart Industries, Vicks.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vaporizers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vaporizers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vaporizers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vaporizers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vaporizers Market Size & Forecast, 2018-2028
4.5.1 Vaporizers Market Size and Y-o-Y Growth
4.5.2 Vaporizers Market Absolute $ Opportunity
Chapter 5 Global Vaporizers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vaporizers Market Size Forecast by Type
5.2.1 E-cigarette Vaporizers
5.2.2 Marijuana Vaporizers
5.2.3 Medical Vaporizers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vaporizers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vaporizers Market Size Forecast by Applications
6.2.1 Personal Use
6.2.2 Medical Application
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vaporizers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vaporizers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vaporizers Analysis and Forecast
9.1 Introduction
9.2 North America Vaporizers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vaporizers Market Size Forecast by Type
9.6.1 E-cigarette Vaporizers
9.6.2 Marijuana Vaporizers
9.6.3 Medical Vaporizers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vaporizers Market Size Forecast by Applications
9.10.1 Personal Use
9.10.2 Medical Application
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vaporizers Analysis and Forecast
10.1 Introduction
10.2 Europe Vaporizers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vaporizers Market Size Forecast by Type
10.6.1 E-cigarette Vaporizers
10.6.2 Marijuana Vaporizers
10.6.3 Medical Vaporizers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vaporizers Market Size Forecast by Applications
10.10.1 Personal Use
10.10.2 Medical Application
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vaporizers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vaporizers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vaporizers Market Size Forecast by Type
11.6.1 E-cigarette Vaporizers
11.6.2 Marijuana Vaporizers
11.6.3 Medical Vaporizers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vaporizers Market Size Forecast by Applications
11.10.1 Personal Use
11.10.2 Medical Application
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vaporizers Analysis and Forecast
12.1 Introduction
12.2 Latin America Vaporizers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vaporizers Market Size Forecast by Type
12.6.1 E-cigarette Vaporizers
12.6.2 Marijuana Vaporizers
12.6.3 Medical Vaporizers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vaporizers Market Size Forecast by Applications
12.10.1 Personal Use
12.10.2 Medical Application
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vaporizers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vaporizers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vaporizers Market Size Forecast by Type
13.6.1 E-cigarette Vaporizers
13.6.2 Marijuana Vaporizers
13.6.3 Medical Vaporizers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vaporizers Market Size Forecast by Applications
13.10.1 Personal Use
13.10.2 Medical Application
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vaporizers Market: Competitive Dashboard
14.2 Global Vaporizers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vicks
14.3.2 Vanker
14.3.3 Leica Biosystems
14.3.4 The Nug
14.3.5 Grizzly Guru
14.3.6 Innokin
14.3.7 FGB Natural Products
14.3.8 Chart Industries
14.3.9 Vicks
