Global Pocket Lighters Market Overview:
The global pocket lighters market is likely to reach a value of nearly US$ 7.2 billion by the end of 2025. The global pocket lighters market will expand with 2.7% CAGR in terms of value over the forecast period, 2017-2025. Pocket lighter is becoming a part of daily use product in people’s life. It is handy in nature. It is used as the source of heat and flames. Industries have been providing new designs and innovative ideas on making the lighters, which is attracting customers to purchase lighter. Consumers are also expecting new designs and attractive innovation. In the upcoming years, flame-less lighters are expected to be introduced by the lighter market.
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Global Pocket Lighters Market Drivers and Restraints:
The lighters which give long service are expected to drive the lighter market. Lighters are used by almost everyone but majorly by the people who smoke cigarettes. The product innovation of pocket lighters, flint cigarette lighters are the most selling lighters in the world. The demand for electronic lighters is also growing rapidly. Electronic lighters are likely to make more sales compared to other lighters. Availability of wide variety of cigarette lighters such as short flame lighters, torch flame lighters, refillable lighters, wind and splash proof lighters, etc, is a driving feature for the market. Health risks have become a restraining factor for the lighter industry. These lighter’s has also created a negative impact on the environment. Even new products which have been introduced to the market is not consumed more by the consumers and this may become a major restraining factor for the market. Few lighters are exploding and this is causing severe health issue to the consumer, this is also a major restraining factor. Child resistant lighters are also been introduced which is said to face a downfall causing loss to the market. These restraints are causing a major downfall in the lighter market.
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Global Pocket Lighters Market Geographical Segmentation:
The Lighter Market is geographically segmented into Asia Pacific, Latin America, Eastern Europe, North America, Western Europe, and Middle East and Africa.
Some of the Prominent Players in Global Pocket Lighters Market are:
Tokai Corporation, Clipper, Swedishmatch, Ningbo Xinhai, Zhuoye Lighter, Baide International, Focus, Benxi Fenghe Lighter, Wansf, Hefeng Industry, Cixi Xinyuan Cigarette Lighter, and Deko Industrial. Asia Pacific represents the world’s biggest market for cigarette lighters followed by Eastern and Western Europe.
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