Cannabis Vaporizer Market Summary
The global cannabis vaporizer market size is estimated at USD 5.9 billion in 2024 and is projected to reach USD 13.06 billion by 2030, growing at a CAGR of 14.5% from 2025 to 2030. The cannabis vaporizer industry is experiencing substantial growth, driven by rising consumer preferences for more discreet and convenient consumption methods.
Key Market Trends & Insights
- The North America cannabis vaporizer market accounted for 38.26% share of the overall revenue in 2024.
- The U.S. cannabis vaporizer market held a dominant position in 2024.
- By type, the portable segment accounted for the largest revenue share of 71.1% in 2024.
- By ingredient, the dry herb vaporizers segment held the largest market share in 2024.
- By power source, the battery segment dominated the market in 2024.
Market Size & Forecast
- 2024 Market Size: USD 5.9 Billion
- 2030 Projected Market Size: USD 13.06 Billion
- CAGR (2025-2030): 14.5%
- North America: Largest market in 2024
Vaping devices are gaining popularity due to their portability, ease of use, and ability to deliver a controlled dosage of cannabinoids. The rise of wellness-oriented consumers has also played a significant role in this trend, as vaping is perceived as a cleaner alternative to traditional smoking methods, with fewer harmful byproducts. Advancements in technology, such as temperature control and longer battery life, have enhanced the appeal of vape devices, making them a preferred choice for both recreational and medical cannabis users.
Type Insights
The portable segment accounted for the largest revenue share of 71.1% in 2024. The portable cannabis vaporizer market is witnessing rapid growth, fueled by increasing consumer demand for convenient and discreet consumption options. Portable vapes, known for their compact size and ease of use, have become a preferred choice for on-the-go consumers who value mobility without compromising functionality.
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Ingredient Insights
The dry herb vaporizers segment held the largest market share in 2024. The dry herb vaporizer segment is gaining momentum due to the product appeal to traditional cannabis consumers seeking a more natural consumption method.
Heating Method Insights
The conduction segment dominated the market in 2024. The conduction segment in the cannabis vaporizer market focuses on devices that heat cannabis extract directly through contact with a heated surface. This method ensures a consistent and efficient vaporization, as the cannabis material is evenly heated, offering a smooth and potent experience.
Power Source Insights
The battery segment dominated the market in 2024. The increasing demand for longer-lasting, efficient power solutions is a significant factor contributing to the segment growth. As consumers seek a more reliable vaping experience, manufacturers are focusing on creating batteries with longer life spans and faster charging capabilities.
Regional Insights
The North America cannabis vaporizer market accounted for 38.26% share of the overall revenue in 2024. In North America, the market is experiencing significant growth due to the increasing legalization of cannabis across the U.S. and Canada.
Key Cannabis Vaporizer Companies:
The following are the leading companies in the cannabis vaporizer market. These companies collectively hold the largest market share and dictate industry trends.
- Pax Labs
- Apollo AirVape
- Arizer
- Greenco Science
- Boundless Technology
- DaVinci Vaporizer
- DynaVap
- Elf Bar
- Juul Labs, Inc.
- KandyPens, Inc
Global Cannabis Vaporizer Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global cannabis vaporizer market report based on type, ingredient, heating method, power source, distribution channel, and region:
- Type Outlook (Revenue, USD Million, 2018 – 2030)
- Tabletop
- Portable
- Ingredient Outlook (Revenue, USD Million, 2018 – 2030)
- Dry Herb Vaporizers
- Oil
- Hybrid
- Heating Method Outlook (Revenue, USD Million, 2018 – 2030)
- Conduction
- Convection
- Induction
- Power Source Outlook (Revenue, USD Million, 2018 – 2030)
- Battery
- Without Battery
- Distribution Channel Outlook (Revenue, USD Million, 2018 – 2030)
- Online
- Company Websites
- E-commerce
- Offline
- Dispensaries
- Specialty Stores
- Others
- Online
- Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- KSA
- UAE
- South Africa
- North America
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