According to the latest report by IMARC Group, titled “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the cigarette lighter market share.
The global cigarette lighter market size reached US$ 6.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.83 Billion by 2027, exhibiting at a CAGR of 1.97% during 2022-2027. A cigarette lighter is an instrument that produces a small flame by pressing a switch to light a cigarette or cigar. It consists of a naphtha fuel-filled metal shell and a separate threaded metal rod assembly that serves as the wick and striker. Flammable liquid or pressurized liquid gas is filled in a plastic or metal container for ignition and some other provision for expediently extinguishing the flame. Semi-automatic, automatic, butane, striker, capsule, and manual striker are some common product types. Additionally, the key market players are making significant changes in the design and functionality of cigarette lighters to offer enhanced convenience to consumers.
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Cigarette Lighter Market Trends:
The increasing population of smokers has considerably boosted the demand for cigarette lighters, which represents one of the primary factors bolstering the market growth. The burgeoning consumer expenditure power and the rising social media influence are also providing a considerable thrust to the market. In line with this, the key market players are introducing advanced cigarette lighters, such as automobile, battery-powered, and electronic lighters, to increase their profitability and consumer base, which, in turn, is creating a positive outlook for the market. Apart from this, the easy product availability in online retail stores and rapid technological advancements are other factors positively contributing to the market growth.
Competitive Landscape With Key Players:
The competitive landscape of the cigarette lighter market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BIC Corporation
- Cricket Lighters (Swedish Match Lighters BV)
- CLIPPER (FLAMAGAS, SA)
Key Market Segmentation:
The report has segmented the cigarette lighter market on the basis of product type, material type, distribution channel and region.
Breakup by Product Type:
- Flint Cigarette Lighter
- Electronic Cigarette Lighter
- Others
Breakup by Material Type:
- Metal
- Plastic
- Others
Breakup by Distribution Channel:
- Tobacco Shops
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
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Article source: https://article-realm.com/article/Finance/35820-Cigarette-Lighter-Market-Size-Share-Trends-Analysis-and-Forecast-to-2027.html
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