Cannabis Vaporizer Market Analysis

Ingredient (Dry Herb Vaporizers, Oil, Hybrid)

Dry herb vaporizers segment is poised to capture cannabis vaporizer market share of around 42.6% by the end of 2037. Dry herb vaporizers offer a cleaner and more flavorful experience by heating dried cannabis flowers at precise temperatures, thereby boosting their adoption. The dry herb vaporizers are used for recreational purposes as well as in medical settings, expanding its usage. In November 2022, research published indicated dry herb cannabis was the most popular type for vaporization. Dry herb vaporizers preserve cannabinoids and terpenes without harmful byproducts such as tar, and owing to their efficiency in extracting most from the flower, the adoption rates are surging amongst users.

Furthermore, growth in the portable cannabis vaporizer market benefits the adoption of dry herb vaporizers due to ease of carry. Manufacturers are lining up innovative products to meet customer demands. For instance, in July 2022, Auxo released its first portable dry herb vaporizer powered by conduction and infrared dual-heating technology, that can heat any loose leaf evenly.

The oil segment of the market is experiencing a rapid surge in its revenue share owing to the growing popularity of cannabis oil. In July 2023, the Association of American Medical Colleges reported that the pharmaceutical-grade cannabidiol-oil Epidiolex, the only CBD-based treatment approved by the Food and Drug Administration (FDA) has exhibited success for the treatment of severe seizures.

Vaporizers designed for CBD oil are surging in popularity owing to convenience. Oil-based vaporizers come with cartridges and disposable pods, expanding accessibility to consumers. Furthermore, CBD oil is widely available, even in regions where products with THC are heavily regulated, increasing the scope for market expansion. Key players in the sector that provide cannabis vaporizer solutions, including CBD vaporizers are experiencing profit in annual turnovers as an indication of the potential of the sector. For instance, in November 2024, Canopy Growth Organization announced its financial results for the second quarter of 2024 with a 32% net revenue increase of Storz & Bickel year-over-year.

Type (Portable, Tabletop)

The portable segment of the cannabis vaporizer market is expected to register a lion’s share in revenue during the forecast period. The ease of use and portability of the segment boosts its adoption. Portable vaporizers are compact, lightweight, and designed to be inconspicuous. The portability factor is the key driver of the segment as consumers seek discreet and efficient vaporizers.

Furthermore, advancements in battery life, durability, and temperature control systems enhance the performance of the vaporizers. Manufacturers are amping commercial production of portable vaporizers to seize the opportunity of the rising popularity among younger demographics. For instance, in June 2023, XMAX launched the XMAX STARRY 4 portable dry herb vaporizer, providing an adjustable airflow system that allows users to adjust their vaporization experience.

Our in-depth analysis of the global market includes the following segments: