Pocket Lighter Market Size, Share, Growth and Trends, Outlook 2024-2031
Global Pocket Lighter Market reached US$ 5.8 billion in 2023 and is expected to reach US$ 7.3 billion by 2031, growing with a CAGR of 3.0% during the forecast period 2024-2031.The pocket lighter market encompasses a diverse range of small, portable devices designed to produce a flame or spark for lighting purposes. These lighters, often compact enough to fit in a pocket or purse, are commonly used for lighting cigarettes, cigars, candles, and for various outdoor activities.
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Market Dynamics:
Growing Cigarette Market
The demand for pocket lighters has surged alongside the growing cigarette market. According to an OECD report, there were about 1.1 billion smokers globally in 2018, with 82% of them being male. Additionally, 24 million young people aged 13 to 15 were smokers. These statistics underscore the expanding market for pocket lighters as cigarette consumption rises.
As more people take up smoking, the need for convenient and reliable pocket lighters has increased. Smokers are seeking lighters that are easy to use and enhance their smoking experience. In response, pocket lighter manufacturers are capitalizing on this trend by expanding their market presence to meet the growing demand.
Segment Covered in Pocket Lighter Market:
By Type: Disposable Butane Lighters, Refillable Butane Lighters, Zippo Lighters, Plasma Arc Lighters, Flint and Steel Lighters, Other.
By Material: Metal Lighters, Plastic Lighters, Wooden Lighters, Leather-Wrapped Lighters, Ceramic Lighters, Other.
By Distribution Channel: Offline, Online.
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Key players involved in Pocket Lighter Market:
• Zippo
• BIC
• Clipper
• S.T. Dupont
• Colibri
• Xikar
• Visol
• Cricket Lighters
• Tokai Corporation
• Zhuoye Lighters Manufacturing Co., Ltd
*Note:
• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Regional Analysis:
The Pocket Lighter Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Pocket Lighter Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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