About Lighter
A lighter is a device that produces flames in order to light cigarettes, pipes, candles and other. It consists of a plastic or metal container which is filled with flammable gas or liquid. Various lighters are portable and can either be refillable or disposable. Today’s, lighters have become more convenient and safe for the consumers, whereas earlier they used to be larger and bulkier in size as well as much more dangerous
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 3.1% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lighter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zippo (United States), The Wick Light (United States), BIC (France), Ozilite (Australia), Scorch Torch (United States), Clipper (United States), Plazmatic (United States), Tesla Coil Lighters (United States) and Kivors (Russia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lighter market by Type (Gas and Electronic), Application (Tobacoo, Kitchen/Fireplace and Multi Purpose) and Region.
On the basis of Type, Gas are dominating the market in the year 2022 where as Electronic stood as second largest market share.
On the basis of application, Tobacoo segment is dominating the market in the year 2022 where as Multi Purpose segment stood as second largest market .On the basis of geography, the market of Lighter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Lighter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
A shift from traditional lighters to electronic cigarette lighters
Market Growth Drivers:
Increase in number of cigarette smokers worldwide, Surging the attractiveness of lighters by introducing new designs and advanced features and High profit margins associated with production of plastic pocket lighters
Challenges:
The consumers have become aware about the health threats posed by smoking cigarettes might
Restraints:
Increasing incidence of pocket lighters exploding
Opportunities:
Rising disposable incomes, change in lifestyles, rapid urbanisation, advancements in technologies in emerging economies
Market Leaders and their expansionary development strategies
June 2020 - BIC has acquire Djeep for 40 million euros, and a deferred consideration based on Djeep future sales growth1. This acquisition project aims at strengthening BIC's position in the pocket lighters market and offers substantial growth opportunities in Europe and North America.
In August 2020, BIC, a world leader in stationery, lighters and shavers, has launched BIC EZ Reach lighter, hailing it as the ultimate lighter for all lighting occasions. It is designed for lighting hard-to-reach places while helping to keep fingers away from the flame. The new innovative design is a perfect combination of the iconic BIC Pocket Lighter and the longer-reaching BIC® Multi-purpose Lighter.
Key Target Audience
Lighter Manufactures, Raw Material Suppliers/Distributors, Lighter Distributors/Suppliers and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.