Analysis of Electric Cannabis Grinders market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electric cannabis grinders is projected to see surge in demand owing to rise in recreational activities among young adults. Further, legalization of cannabis for medical and recreational purposes in several countries over the years is set to foster the sales during next ten years.
Attributed to fast growing recreational industry along with rising trend of pubs and bars, market is projected to grow at a CAGR of ~11%. Moreover, inculcation of new technologies that would make cannabis grinders more accessible and handy is projected to propel the sales thus growing with double digit CAGR over forecast period.
Legalization of cannabis in several countries over past few years have been a major driving force for the sales of grinders. For instance, countries such as Georgia, Uruguay, Canada and South Africa legalized the use of cannabis, thus bolstering the sales of grinders.
In addition, the use of cannabis for medical purposes have seen a major growth in demand thus propelling the grinder market. Meanwhile, electric grinders are much easy to use and maintain when compared to manual grinders, also introduction of battery-powered grinders have made consumers go for the product as it is portable in nature.
Moreover, vaping is increasingly becoming a popular activity among today’s generation and its wide adoption has propelled the demand for grinder’s for cannabis crushing purposes. Also, the fast forward approach provided while cannabis crushing by these electric grinders is set to foster the demand for the product.
Thus, above discussed factors are projected to propel the electric cannabis grinder market at double digit CAGR over the projected forecast period.
Cordless cannabis grinders are choice of customers due to its portable capabilities and ease of convenience. Moreover, cordless grinders are durable with longer life span when compared with corded ones thus is a preferred choice among consumers.
Further, cordless grinders are projected to dominate the sales and is poised to be the most lucrative segment in terms of revenue generation capabilities. Additionally, market players are rolling out wholesale of cordless electric grinders through online and offline sales channels witnessing surge in its demand.
Moreover, cordless grinders will see major surge in sales through online channels and thus is projected to provide major thrust to the electric grinders market over next decade.
North America is set to be the most lucrative market for these grinders owing to recent legalization of cannabis use in Canada and parts of America. These regulatory changes has led to an increase in adoption of cannabis for medicinal and recreational purpose in the region.
For instance, legal cannabis retailers in Ontario, Canada sold cannabis worth US$ 95 Mn in June 2021growing at higher single digit CAGR on monthly basis thus reflecting surge in electric grinder’s sales at the same time.
Moreover, US has also helped in providing uptick growth in sales for grinders owing to rising popularity of cannabis among young population. Attributed to the pressure on government around additional 12 states have legalized the use of cannabis for medicinal and recreational purposes.
Above discussed positive trends is projected to propel the North American market over next ten years while growing at double digit CAGR.
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Legalization of cannabis is highly progressing in Europe with several countries now on verge of legalizing its use for medical and recreational purposes. In November 2020 European Court of Justice passed an order ruling out consideration of cannabis as narcotic substance under EU law.
Additionally, popularity of cannabis among younger population in Europe is on rise which is projected to drive the regional market at much higher pace. Also, well established outdoor activities and culture in Europe is providing major boost to the cannabis market thus propelling the growth of electric grinders.
Moreover, key players are focusing on German market as it holds around more than half of cannabis market share and the same trend is projected till the end of 2031.
Attributed to these key developments in Europe, electric cannabis grinders is projected to grow with a significant higher single digit CAGR over the forecast period.
have been identified as some of the players manufacturing electric grinders for cannabis.
The key developments of above mentioned players signifies adoption of organic and in-organic growth strategies such as acquisition, collaboration, product development and innovation. Players have opted for this mixed strategy in order to garner more shares.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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The electric cannabis grinders market worth is likely to grow at 11% over the forecast years.
Legalization of cannabis products is driving the electric cannabis grinders market growth.
United States is expected to be most lucrative market for electric cannabis grinders industry players.
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