Global Pocket Lighter Market Size To Worth USD 8.70 Billion by 2033 | CAGR of 2.97%
Category: Consumer GoodsGlobal Pocket Lighter Market Worth USD 8.70 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Pocket Lighter Market Size is Estimated to Grow from USD 6.49 Billion in 2023 to USD 8.70 Billion by 2033, Growing at a CAGR of 2.97% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 230 pages with 119 Market data tables and figures & charts from the report on the "Global Pocket Lighter Market Size, Share, and COVID-19 Impact Analysis, By Product (Flint Lighter, Electronic Lighter, and Others), By Material Type (Plastic, Metal, and Others), By End-user (Male and Female), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. " Detailed Report Description Here: https://www.sphericalinsights.com/reports/pocket-lighter-market
The global market for pocket lighters is made up of portable devices that produce a flame to ignite flammable objects. Electric, butane, naphtha, and charcoal lighters are available on the market. Since they are made to fit easily in a pocket, purse, or bag, these lighters are practical for frequent usage. The ease of availability of these products at a variety of price points, together with their innovative forms and designs, are driving their global market expansion. Smoking is becoming popular among many people, which is good for the expansion of the pocket lighter industry globally. However, the global market for pocket lighters will face significant challenges during the forecast period due to the growing use of alternative tobacco products.
The flint lighter segment held the largest share of 61.09% in 2023 and is estimated to grow at a CAGR of 2.45% throughout the projection period.
Based on the product, the global pocket lighter market is categorized into flint lighter, electronic lighter, and others. Among these, the flint lighter segment held the largest share of 61.09% in 2023 and is estimated to grow at a CAGR of 2.45% throughout the projection period. Their affordability and accessibility are the primary factors driving the market. These lighters have longer lifespans and don't need fuel or charging because they are manual.
The plastic segment is anticipated the largest market share of 64.16% in 2023 and is estimated to grow at a CAGR of 3.10% throughout the projection period.
Based on the material type, the global pocket lighter market is classified into plastic, metal, and others. Among these, the plastic segment is anticipated the largest market share of 64.16% in 2023 and is estimated to grow at a CAGR of 3.10% throughout the projection period. The ability to produce lighters in a range of colors and designs has also been made possible by advancements in plastic manufacturing, which appeal to a larger market and foster more connections with customers.
The male segment dominated the global pocket lighter market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end-user, the global pocket lighter market is divided into male and female. Among these, the male segment dominated the global pocket lighter market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Male smoking is more prevalent and socially acceptable in many nations. This understanding of culture also drives the demand for pocket lighters among men.
The offline segment accounted for the largest market share of 68.23% in 2023 and is expected to grow at a CAGR of 2.81% during the forecast period.
Based on the distribution channel, the global pocket lighter market is classified into online and offline. Among these, the offline segment accounted for the largest market share of 68.23% in 2023 and is expected to grow at a CAGR of 2.81% during the forecast period. The market is dominated by traditional retail strategies that fulfill consumers' needs for in-store purchases. Customers can readily obtain pocket lighters at convenience stores, gas stations, tobacco shops, and general merchandise establishments when they're searching for a quick solution to their lighting needs.
Asia Pacific is anticipated to hold the largest share of the pocket lighter market over the predicted timeframe.
Get more details on this report -
Asia Pacific is anticipated to hold the largest share of the pocket lighter market over the predicted timeframe. The primary causes include urbanization, rising disposable incomes, and an increasing number of young people engaging in outdoor and social activities. Furthermore, cultural factors have an enormous impact on the Asia Pacific pocket lighter industry.
Europe is expected to grow at the fastest CAGR growth of the pocket lighter market during the forecast period. The market is influenced by country regulatory frameworks and varying customer behaviors. As part of a growing trend towards sustainability, consumers are increasingly selecting lighters that are refillable and reusable.
Major key players in the global pocket lighter market include Zippo Manufacturing Company, Cricket Lighters (Swedish Match), BIC Corporation, Colibri, Ningbo Xinhai Electric Co., Zhuoye Lighters Manufacturing Co., Ltd., S.T. Dupont, CLIPPER (FLAMAGAS, SA), Tokai Corporation, BAIDE International Enterprise, Swedish Match, Dunhill, Ronson, X- Plore gear, and Others
Recent Developments
- In March 2024, Zippo Manufacturing Company became the official licensing agency of Seltzer Licensing Group after partnering with them. Zippo's strong brand identification in fire, heat, cooking, and lighting will be leveraged in this agreement to help the company expand into new outdoor consumer product categories. Zippo is able to expand its product line while upholding its fundamental brand principles due to this tactic. Zippo can increase brand visibility, tap into a burgeoning market, and provide more revenue streams by venturing into the outdoor sector.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global pocket lighter market based on the below-mentioned segments:
Global Pocket Lighter Market, By Product
- Flint Lighter
- Electronic Lighter
- Others
Global Pocket Lighter Market, By Material Type
- Plastic
- Metal
- Others
Global Pocket Lighter Market, By End-user
- Male
- Female
Global Pocket Lighter Market, By Distribution Channel
- Online
- Offline
Global Pocket Lighter Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?