The global conduction vaporizers market is expected to register a positive CAGR of 14.5% by garnering a market value of 27 billion.
Growth of the market can be attributed to:
The COVID-19 pandemic had a mixed effect on the sales of conduction vaporizers. North America and Oceania are two major regions that contributed to the growth of the conduction vaporizer market. With people spending more time at home, the demand for vaporizers has risen as people are looking for ways to relax and unwind.
On the other hand, the pandemic also led to disruptions in the supply chain, leading to shortages and delays in the production and distribution of conduction vaporizers.
With more states and countries legalizing marijuana for medical and recreational use, the market for vaporizers is expanding. Manufacturers of conduction vaporizers are focusing on increasing their presence by penetrating into different international markets. Furthermore, the portable and discrete design of conduction vaporizers make it more convenient for people to use them in public places.
The growing popularity of e-cigarettes and vaping as a healthier alternative to smoking is also driving demand for conduction vaporizers. With the growing market, manufacturers are investing in R&D to create new designs, materials and flavors to cater to the diverse needs of customers.
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Vaping marijuana is a current trend in the cannabis industry, and conduction vaporizers are the most popular and widely used method of vaping among consumers. These vaporizers are utilized for both medicinal and recreational purposes.
The legalization of marijuana for medicinal use by governments is expected to further drive the growth of the conduction vaporizer market. The demand for recreational marijuana has been on the rise in recent times. A significant shift in marijuana consumption has been observed, with consumers increasingly choosing to purchase vaping products over smoking. Conduction vaporizers are believed to be less harmful as compared to smoking marijuana.
Currently, companies are introducing new and innovative products, such as smart vaporizers. These vaporizers come with temperature control settings, vibration notifications, and instant heating capabilities. App-based vaporizers are a new addition to the market but are quickly gaining popularity among users due to the ability to control the temperature through apps.
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Conduction vaporizers are simple to use and require minimal maintenance, making them more accessible to a wider range of users. In addition, with the growing market, manufacturers are expected to invest in research and development to create new designs, materials, and flavors to cater to the diverse needs of customers.
The portable and discrete design of conduction vaporizers is expected to make it more convenient for people to use them in public places. The ease of use and low maintenance requirements of conduction vaporizers are expected to continue to make them accessible to a wide range of users.
As marijuana becoming increasing popular across the globe, the demand for its consumption also grows for medical and recreational purposes. The growing demand for marijuana consumption also creates opportunity for devices by which marijuana can be consumed.
Earlier marijuana smoking had been a long trend across the world however growing consumer’s awareness on marijuana effects has led the users to shift towards alternative solutions such as marijuana conduction vaporizers. A growing trend of preferential shift from smoking marijuana to vaping has pushed the sales for marijuana vaporizers.
Marijuana vaping is considered as the latest trend in the cannabis industry which accelerates the demand for conduction vaporizers in the market. Conduction vaporizers are considered as less harmful or nontoxic which gives an edge over marijuana smoking. Moreover, usage of conduction vaporizers give stronger effect than marijuana smoking which is considered the prime factor for consumer’s switch to vaporizes over marijuana smoking.
Conduction vaporizers are the electronic devices that generate the active compounds of plant material or extracts inserted into it. The growing trend of vaping has encouraged the sales of both vaporizers such as conduction and convection. However, conduction vaporizers are considered as the popular choice among marijuana consumers owing to its low price, simplicity, and quick heating capability.
The growing demand for marijuana is increasing, but a change in consumption pattern has been seen in the recent past. In 2017, marijuana flower had accounted as the highest consumable category (~50%) followed by concentrates in the USA which are easy to consume by conduction vaporizers.
However, it is expected to decline in the future due to the growing preference for concentrates, which can be consumed in different ways, and also considered more potent than flowers. Worldwide cultivation of marijuana flowers will see a modest growth in upcoming days which will encourage the sales of conduction vaporizers.
Vaping of marijuana is considered as the latest trend in cannabis industry. Conduction vaporizers are widely used and most preferred method of vaping among consumers. Conduction vaporizers are used for both cases – medicinal and recreational purpose. At present, manufacturers are coming up with innovative products such as smart vaporizers.
Smart vaporizers offer temperature control setting, vibration notification, and instant heating. App based vaporizers are new in the market but gaining traction among of users owing to the temperature control feature through apps.
Legalization of marijuana for medical usage by governments is further anticipated to boost the conduction Vaporizers market. Demand for recreational marijuana has seen a positive swing in recent past. A major change on marijuana consumption has been noticed. Marijuana consumers prefer to buy vaping products as compared to smoking. Conduction vaporizers are considered less toxic as compared to smoking marijuana.
Vaping also offers a strong effect than smoking marijuana which gives a thrust to the sales of conduction vaporizers. The conduction vaporizers are the most popular one as compared to its counterpart. Conduction vaporizes are equipped with temperature control system of heated cannabis which gives smooth and flavorful strong effect.
Desire for strong effect has led the conduction vaporizers market forward. The change was first noticed in Colorado. Thereafter, conduction vaporizers adoption or usage have been recorded from Colorado to California to Oregon.
Medicinal usage of marijuana is expected to encourage the cannabis market which further in result will boost the sales of conduction vaporizers. Many countries have already legalized medical usage of marijuana such as USA, Canada etc. The growing acceptance and demand from consumer’s side propels the cannabis market worldwide which is resulting in the sales of conduction vaporizers in the market.
However, strict regulations have restricts the market growth. Medicinal usage of marijuana is still to emerge in many countries. THC and CBD are the two cannabinoids from marijuana plant that are of medical interest. The FDA has approved a CBD-based liquid medication named Epidiolex for treating two forms of severe childhood epilepsy, Lennox-Gastaut syndrome and Dravet syndrome.
The medicinal properties will lead to various opportunities of marijuana in the untapped market which can furthermore help the legalization of marijuana or cannabis industry in idle countries. Even other than medicinal usage, people are opting marijuana vaporizer as it is much more safer than smoking.
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The conduction vaporizers are gaining traction owing to high consumption of recreational marijuana and growing trend of vaping across the world. Medicinal usage of marijuana are legal in most of the countries. Growing demand for legalization of recreational marijuana will push the vaporizers market forward. The need for conduction vaporizers is primarily derived from developed countries such as North America and Europe.
Canada has already legalized the recreational use of marijuana which will again boost the sales of conduction vaporizers. Due to legalization of medical marijuana, Asia Pacific is expected to see a decent growth during the forecast however regulation restriction will limits the growth of conduction vaporizers in many regions.
Oceania is expected to boost the conduction vaporizers market owing to higher demand for recreational marijuana. Latin America is also expected to gain a significant market share while Middle East and Africa (MEA) is expected to grow slower than other regions due to regulatory restrictions.
The global conduction vaporizers market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on innovation and new product development. Some of the key players in conduction vaporizers market are STORZ & BICKEL GmbH, Ghost Vapes Inc., SLANG Worldwide Inc., DaVinci, PAX Labs Inc., Vapium Inc., Boundless Technology and others.
The Conduction Vaporizers market is segmented into different categories based on the product type, price, consumable type, heat up time, sales channel and region.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Consumable Material 6.3. Price 6.4. Heat Up Time 6.5. Sales Channel 7. Global Market Analysis and Forecast, By Product Type 7.1. Portable 7.2. Desktop 8. Global Market Analysis and Forecast, By Consumable Material 8.1. Dry herb 8.2. Wax 8.3. Oil 8.4. Others 9. Global Market Analysis and Forecast, By Price 9.1. Premium 9.2. Economy/Mid-Range 10. Global Market Analysis and Forecast, By Heat Up Time 10.1. 10 seconds or less 10.2. 20-60 seconds 11. Global Market Analysis and Forecast, By Sales Channel 11.1. Online 11.2. Offline 12. Global Market Analysis and Forecast, By Region 12.1. Latin America 12.2. Europe 12.3. East Asia 12.4. South Asia 12.5. Oceania 12.6. Middle East and Africa 12.7. Sales Channel 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Channel Sales Analysis and Forecast, by Key Segments and Countries 20. Sales Forecast by Product Type, Consumable Material, Price, Heat Up Time, and Sales Channel for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. Ghost Vapes Inc. 22.2. SLANG Worldwide Inc. 22.3. DaVinci/PAX Labs Inc. 22.4. Vapium Inc. 22.5. Boundless Technology 22.6. Others 22.7. Region
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Conduction Vaporizers Market
