The latest report by IMARC Group titled, “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global cigarette lighter market reached a value of nearly US$ 6 Billion in 2016, growing at a CAGR of more than 4% during 2009-2016. The market for cigarette lighters is driven primarily by the availability of a wide variety of cigarette lighters in the market such as short flame lighters, torch flame lighters, refillable lighters, wind and splash proof lighters, etc. Moreover, manufacturers are also introducing exclusively designed cigarette lighters for the urban and elite class. Owing to this, the market is further expected to reach a value of around US$ 7 Billion by 2022.
Highlights of the global cigarette lighter market:
- The availability of different varieties of cigarette lighters have highly influenced the market.
- On the basis of product type, the market is segmented as flint cigarette lighters and electronic cigarette lighters.
- Asia Pacific represents the largest market, accounting for the majority of the share.
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Huge investments and aggressive marketing techniques adopted by manufacturers have helped in escalating the demand for cigarette lighters among the consumers, particularly in the emerging markets. Apart from this, poor implementation of the laws and government regulations in these regions have also provided impetus to the manufactures to promote and sell their products without any hindrance.
The market is segmented on the basis of product type including flint cigarette lighter and electronic cigarette lighter. The market is also segmented on a regional basis. Some of the major markets for cigarette lighter include Asia Pacific, Latin America, Eastern Europe, North America, Western Europe, and Middle East and Africa. Amongst these, Asia Pacific represents the world’s biggest market for cigarette lighters, followed by Eastern Europe and Western Europe. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are BIC, Cricket and Clipper.
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The report has examined the global cigarette lighter market on the basis of:
- Flint Cigarette Lighter
- Electronic Cigarette Lighter
- Asia Pacific
- Eastern Europe
- Western Europe
- Middle East and Africa
- North America
- Latin America
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Country: United States