The global cigarette lighter market is growing at a steady rate due to a rise in demand from emerging regions, product diversification and premiumisation, and a sharp rise in the number of smokers across the globe.
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According to the latest report by IMARC Group titled, “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, 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. A means of ignition, cigarette lighter is commonly used to light cigarettes, cigars and pipes. It consists of a metal or plastic container filled with a flammable fluid or gas, which can either be disposed or refilled. Cigarette lighters have evolved over the last two centuries and have witnessed huge changes in their design. Unlike early lighters, which were large, bulky and dangerous to use, modern lighters have been refined as per the convenience and safety of the consumers.
Highlights of the global cigarette lighter market:
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The market is further growing on account of premiumisation of cigarette lighters, attracting a large base of affluent consumers. A recent shift from traditional cigarette lighters to electronic cigarette lighters has also facilitated the market growth. Besides, a rising number of both, male and female smokers globally is expected to drive the demand for cigarette lighters. Owing to these factors, the global cigarette lighter market is expected to reach a value of US$ 6.8 Billion by 2022.
On the basis of product type, the market has been segmented into flint cigarette lighter, electronic cigarette lighter and others. Amongst these, flint cigarette lighter dominates the market, accounting for more than a half of the total sales. Region-wise, Asia- Pacific represents the largest region, holding the majority of the market share. Asia-Pacific is followed by Eastern Europe, Western Europe, Middle East and Africa, North America and Latin America. On evaluating the competitive landscape, it is found that BIC represents the largest manufacturer of cigarette lighters globally. Other players are Cricket and Clipper.
Browse related reports :
Cigarette Market: www.imarcgroup.com/cigarette-manufacturing-plant
Tobacco Market: www.imarcgroup.com/tobacco-processing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.Global Cigarette Lighter Market
Contact us
IMARC Group
309 2nd St, Brooklyn, NY 11215, USAWebsite: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Request a free sample copy of the report: www.imarcgroup.com/request?type=report&id=576&flag=B
According to the latest report by IMARC Group titled, “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, 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. A means of ignition, cigarette lighter is commonly used to light cigarettes, cigars and pipes. It consists of a metal or plastic container filled with a flammable fluid or gas, which can either be disposed or refilled. Cigarette lighters have evolved over the last two centuries and have witnessed huge changes in their design. Unlike early lighters, which were large, bulky and dangerous to use, modern lighters have been refined as per the convenience and safety of the consumers.
Highlights of the global cigarette lighter market:
- Rising demand from emerging regions remains the major growth driving factor.
- Flint cigarette lighter is the most popular product type.
- BIC represents the biggest player in the global cigarette lighter industry.
Read full report with TOC @ www.imarcgroup.com/cigarette-lighter-manufacturing-plant
The market is further growing on account of premiumisation of cigarette lighters, attracting a large base of affluent consumers. A recent shift from traditional cigarette lighters to electronic cigarette lighters has also facilitated the market growth. Besides, a rising number of both, male and female smokers globally is expected to drive the demand for cigarette lighters. Owing to these factors, the global cigarette lighter market is expected to reach a value of US$ 6.8 Billion by 2022.
On the basis of product type, the market has been segmented into flint cigarette lighter, electronic cigarette lighter and others. Amongst these, flint cigarette lighter dominates the market, accounting for more than a half of the total sales. Region-wise, Asia- Pacific represents the largest region, holding the majority of the market share. Asia-Pacific is followed by Eastern Europe, Western Europe, Middle East and Africa, North America and Latin America. On evaluating the competitive landscape, it is found that BIC represents the largest manufacturer of cigarette lighters globally. Other players are Cricket and Clipper.
Browse related reports :
Cigarette Market: www.imarcgroup.com/cigarette-manufacturing-plant
Tobacco Market: www.imarcgroup.com/tobacco-processing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.Global Cigarette Lighter Market
Contact us
IMARC Group
309 2nd St, Brooklyn, NY 11215, USAWebsite: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
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