Lighters Market Size, Share, Growth, and Industry Analysis, By Type (Disposable Lighters, Non-Disposable Lighters), By Application (Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, Online Retailers), Regional Insights and Forecast to 2032

LIGHTERS MARKET REPORT OVERVIEW

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global lighters market size was USD 4477.96 million in 2021 and market is projected to touch USD 5154.92 million by 2032 at CAGR 1.29% during the forecast period.

Lighters are portable devices used to create a flame for various purposes, such as lighting cigarettes, candles, or stovetops. There are different types of lighters available, each with its own mechanism for producing a flame. These are inexpensive and often made of plastic. These lighters can be refilled with fuel, usually butane, and are designed for long-term use. They come in various styles and designs, from basic models to more decorative or collectible options. They are designed for single use and are commonly used for lighting cigarettes or candles.

Changes in consumer preferences and lifestyle choices can influence the demand for lighters. For example, outdoor activities like camping and hiking might contribute to the growth of durable and wind-resistant lighters. Advancements in lighter technology, such as the development of rechargeable and electric lighters, can drive market growth. Consumers may be attracted to new features that enhance convenience and functionality. Growing awareness of environmental issues may impact the market. Eco-friendly and sustainable lighters, such as those with rechargeable batteries or made from recyclable materials, might see increased demand.

COVID-19 Impact: Market Growth Hampered By Pandemic Due to Disruptions in Supply Chains

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has caused disruptions in global supply chains, affecting the production and distribution of various goods, including lighters. Manufacturers may have faced challenges in sourcing materials, production delays, and transportation issues. Lockdowns, social distancing measures, and economic uncertainties have influenced consumer behavior. Non-essential spending might have decreased, impacting the demand for non-essential items like decorative or novelty lighters. Closure of retail stores or restrictions on in-person shopping could have affected the sales of lighters. However, online sales might have seen an uptick as consumers turned to e-commerce platforms for their shopping needs.

LATEST TRENDS

"Rising Demand for Electric and Plasma Lighters to Drive Market Growth"

There has been a growing interest in electric and plasma lighters that don't rely on traditional fuels like butane. These types of lighters are often rechargeable and more environmentally friendly. Consumers are increasingly looking for lighters with unique designs and customization options. Manufacturers are responding by offering a variety of colors, patterns, and materials to meet diverse consumer preferences. With an emphasis on safety, many lighters now come with features such as child-resistant mechanisms and built-in safety locks to prevent accidental ignitions. Some lighters are designed to serve multiple purposes, incorporating additional features like built-in tools (e.g., bottle openers, knives) or even incorporating technology like LED lights. As environmental concerns grow, there is a rising demand for eco-friendly lighters. Manufacturers are exploring materials and technologies that reduce environmental impact, and refillable lighters are becoming more popular.

LIGHTERS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Disposable Lighters, Non-Disposable Lighters.

Disposable Lighters: These lighters are designed for single-use or limited use and are usually inexpensive. Once the fuel is depleted, they are discarded. These lighters typically have a plastic body with a metal or plastic mechanism for ignition.

Non-Disposable Lighters: Non-disposable lighters are designed for long-term use and are often refillable. They are built to be durable and are considered more environmentally friendly than disposable counterparts.

• By Application

Based on application the global market can be categorized into Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, Online Retailers.

Supermarkets and Hypermarkets: Lighters are often sold in the household goods or tobacco sections of supermarkets and hypermarkets. These stores cater to a wide range of customers and offer convenience for shoppers looking to purchase everyday items along with groceries.

Independent Retailers: Independent retailers, such as small convenience stores or neighborhood shops, may carry lighters among other small items. These stores often provide a more personalized shopping experience and may cater to local preferences.

Convenience Stores: Similar to independent retailers, convenience stores are known for offering a quick and easy shopping experience. Lighters may be available near the checkout counter or in a designated tobacco section.

Specialist Retailers: Specialty stores, like tobacco shops or outdoor equipment stores, may offer a variety of lighter options. These stores may focus on specific customer interests and provide a more specialized selection of lighters.

Online Retailers: Lighters can also be purchased through various online platforms and e-commerce websites. Online retailers provide the convenience of shopping from home and may offer a broader range of lighter options.

DRIVING FACTORS

"Increasing Demand for Smoking to Boost the Market Growth"

The demand for lighters is closely tied to smoking trends. As smoking habits change globally, the demand for lighters may be influenced. For example, the decline in smoking rates in some regions might impact the market, while emerging markets with increasing smoking prevalence could drive demand. Lighters are essential tools for outdoor enthusiasts, campers, hikers, and other individuals involved in recreational activities. The growth of outdoor and adventure tourism can contribute to an increased demand for lighters. Changes in consumer preferences and the introduction of innovative lighter designs and features can stimulate lighters market growth. For example, the development of windproof, waterproof, or rechargeable lighters may attract consumers looking for more advanced and durable options.

"Disposable vs. Refillable Lighters to Expand the Market"

The preference for disposable or refillable lighters can affect market dynamics. Environmental concerns and the trend towards sustainability may drive the demand for rechargeable and refillable lighter options. Regulations related to smoking and safety standards for lighters can impact the market. Compliance with safety regulations and the introduction of child-resistant features in lighters may become a factor influencing consumer choices and market growth. The growth of e-commerce platforms provides manufacturers with additional channels to reach consumers. Online sales and marketing strategies can play a significant role in driving lighter sales. Effective marketing and promotional campaigns by lighter manufacturers can create brand awareness and influence consumer choices. Partnerships, endorsements, and unique marketing strategies can contribute to market growth.

RESTRAINING FACTORS

"Fluctuating Raw Material Prices to Impede Market Growth"

The cost of materials such as metal, plastic, and fuel components can impact the production cost of lighters. Fluctuations in raw material prices can affect profit margins for lighter manufacturers. The rise of electronic cigarettes and other smokeless alternatives could lead to a decline in the demand for traditional lighters. Consumers opting for electronic means of smoking may not require conventional lighters.

LIGHTERS MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate in the Market due to Presence of a Large Consumer Base"

The market is segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific has emerged as the most dominant region in the global lighters market share. This region has historically been a major player in the lighters market, with countries like China being prominent manufacturers and exporters. The growth of disposable income has also contributed to increased consumer spending on various products, including lighters. Consumer preferences for outdoor activities and smoking habits can impact the demand for lighters in this region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Lighters market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in Lighters, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

LIST OF TOP LIGHTERS COMPANIES

• Dunhill (England)
• BIC (France)
• NingBo XINHAI (China)
• Visol (India)
• S.T.Dupont (France)
• Swedishmatch (Sweden)
• Colibri (U.S.)

INDUSTRIAL DEVELOPMENT

August 2021: The renowned Zippo Manufacturing Company, creators of the well-known Zippo Windproof Lighter, has announced plans to dramatically expand its operations in India.

August 2020: BIC announced a delayed consideration based on Djeep's predicted sales growth and an agreement to enter into exclusive talks to buy the firm in August 2020. This acquisition plan presents enormous expansion opportunities in North America and Europe and aims to strengthen BIC's position as the market leader in pocket lighters. The transaction is expected to finalise in the third quarter of 2020.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.