Pocket Lighters Market | Top Most Vendors - Tokai Corporation, Clipper, Swedishmatch, Ningbo Xinhai, Zhuoye Lighter, Baide International, Focus, Benxi Fenghe Lighter, Wansf, Hefeng Industry, Cixi Xinyuan Cigarette Lighter

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Pocket Lighters Market – Global Industry Analysis, Share, Size, Growth, Trends and Forecast 2017 – 2026” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Pocket Lighters Market have been elaborated upon in the research report.

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Being handy in nature, pocket lighters are becoming a key part of daily used items for consumers worldwide. Their usability leaps beyond lighting a cigarette as these pocket lighters are becoming life savers for people stuck in critical situations. By providing adequate source for heat and flames, pocket lighters are being widely used in day-to-day setups. Key manufacturers of pocket lighters are increasing the attractiveness of their products by introducing new designs and advanced features. In the coming years, a range of pocket lighters are expected to be flameless, with technological advancements allowing companies to introduce products that are high on consumer safety.

Growing incidences of health risks and fatalities caused from pocket lighters has created an environment of negativity across the market. New products are not capturing the expected attention of loyal consumer bases such as cigarette smokers. Marketing strategies of prominent pocket lighter manufacturers are running against the wall for failing to offer improved safety. Developments towards offering child-resistant pocket lighters are unable to draw in investments. Companies are losing the bourse traction with rising incidences of exploding pocket lighters.

Transparency Market Research foresees the global market for pocket lighters to evolve at a sluggish pace in the coming years. Owing to a range of safety issues, the global pocket lighters market is likely to reach a value of nearly US$ 7.4 billion by the end of 2026. The report also assesses that the global pocket lighters market will expand at a nascent 2.9% CAGR in terms of value over the forecast period, 2017-2026.

Consumer Preferring Electronic Cigarette Lighters; Market Dominance of Flint Cigarette Lighters to Dwindle through 2026

In 2017, more than US$ 4 billion worth of flint cigarette lighters were sold across the global pocket lighters market. Being the initial stage of product innovation in pocket lighters, flint cigarette lighters will continue to be sold widely for their conventional usage and refilling convenience that extends their service life. However, presence of pressurized gas increases the risk factors of exploding for flint lighters. Between 2017 and 2026, the share of flint cigarette lighters on global pocket lighters market value is pegged to incur a dip of more than 2%. Electronic cigarette lighters, on the other hand, are expected to be in great demand in the coming years. By the end of 2026, more than US$ 2 billion worth of electronic cigarette lighters are expected to be sold across the globe. Longer service life of these pocket lighters will drive their sales in the global market, reflecting a value CAGR higher than that of flint cigarette lighters.

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Details on Key Competitors and Market Positioning

Key manufacturers of pocket lighters have been profiled in this study to understand the overall competition landscape of the global market. Presence of these companies across different geographies has been reflected through an intensity map that reveals the regional dominance of each market player. New developments in terms of product innovation, regulatory challenges and notable mergers & acquisitions of market players have been disclosed in an unbiased manner. The report has also revealed the current market standings of these players, revealing accurate information on market positioning and competitor analysis.

Inferences from the report are aimed to extend the understanding of a pocket lighter manufacturers towards the future of the market. This report serves as a credible business document that offers first-hand forecast and analysis on the global pocket lighters market. Such valuable information can be repurposed by companies in devising their strategies for the near future.

Global Pocket Lighters Market: Key Stakeholders

Société BIC S.A. is known for being a top brand in the global market for pocket lighters. The report also observes a significant presence of Tokai Corporation, Clipper, Swedishmatch, Ningbo Xinhai, Zhuoye Lighter, Baide International, Focus, Benxi Fenghe Lighter, Wansf, Hefeng Industry, Cixi Xinyuan Cigarette Lighter, and Deko Industrial as key players in the global pocket lighters market. In the coming years, several companies are likely to focus on offering flameless lighters and developing the existing pocket lighters by adhering to new consumer safety standards.

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