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The electric pocket lighter market share is expected to increase to USD 632.3 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.65%.
This electric pocket lighter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric pocket lighter market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The electric pocket lighter market report also offers information on several market vendors, including ArcLighter, BAIDE International Enterprise, BIC USA Inc., Calico Brands Inc., Colibri, Flamasats SL, Kiwi Lighters, Ningbo Xinhai Electric Co. Ltd., S.T. Dupont, Swedish Match AB, Visol Products, and Zippo Manufacturing Co. among others.
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The growing demand from emerging countries is notably driving the electric pocket lighter market growth, although factors such as the stringent regulations regarding the safety of electric pocket lighter may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric pocket lighter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Electric Pocket Lighter Market Driver
One of the key factors driving growth in the electric pocket lighter market is the growing demand from emerging countries. The demand for electric pocket lighters is growing continuously in emerging countries due to the rise in the number of smokers. The affordability of cigarettes is much higher in emerging countries such as Ukraine, Poland, Brazil, Pakistan, Turkey, Bangladesh, Thailand, and India. From these stats, it is evident that the number of smokers in emerging economies is growing at a rapid rate. In 2020, India and Indonesia accounted for 9% and 6% of the total number of smokers in the world, respectively. The demand for electric pocket lighter from these countries is high. Region-wise, a large portion of the growth is expected from APAC and Europe. South America will also contribute a considerable share to the growth. Thus, the demand for global electric pocket lighter in emerging countries will grow with the increase in the number of smokers.
Key Electric Pocket Lighter Market Trend
The increasing online presence of branded electric pocket lighter is a electric pocket lighter market trend that is expected to have a positive impact in the coming years. The distribution network of these manufacturers was traditionally limited to brick-and-mortar retailers. However, in the last five years, the penetration of the Internet and smart gadgets paved the way for online channels. Some of the major branded lighter offered by BIC, FLAMAGAS (Clipper), Zippo Manufacturing, and Swedish Match has become prevalent in developing countries with the help of e-commerce partners. Moreover, vendors such as BIC and Bolt Lighter have their own e-commerce sites. These vendors also provide free home delivery for orders above specified values. The service delivery innovation of the electric pocket light manufacturers is expected to further boost sales.
Key Electric Pocket Lighter Market Challenge
The stringent regulations regarding the safety of electric pocket lighter will be a major challenge for the electric pocket lighter market during the forecast period. An electric pocket lighter contains pressurized gas put into a plastic reservoir to produce a flame. The fuel makes these lighter hazardous, as improper manufacturing can cause fatal injuries. Therefore, electric pocket lighter must be designed and manufactured in compliance with stringent safety, quality, and performance requirements. International standards have been established to regulate the manufacturing of lighter and to protect consumers from unsafe and faulty electric pocket lighter. The warnings and instructions listed on the lighter fuel containers should be followed stringently and it should be ensured that the type of fuel used is compatible with the lighter. Thus, the vendors operating in the market must adhere to regulatory compliance, which may appear as a challenge for them. There this is anticipated to negatively impact the market in focus.
This electric pocket lighter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global electric pocket lighter market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric pocket lighter market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the electric pocket lighter market encompasses successful business strategies deployed by the key vendors. The electric pocket lighter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
us.bic.com - The company offers electric pocket lighter with features such as push-button ignition and convenient lighting.
us.bic.com - Under the unified segment, the company offers disposable consumer products such as lighters, razors, and pens.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The electric pocket lighter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the electric pocket lighter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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48% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for electric pocket lighters in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing number of end-users (smokers) in the region will facilitate the electric pocket lighter market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional electric pocket lighter market. The governments of several countries in the region, such as China, India, and Japan, had imposed nationwide lockdowns and social distancing restrictions to curb the spread of the disease. In 2020, the COVID-19 pandemic had a negative impact on the regional electric pocket lighter market. The governments of several countries in the region, such as China, India, and Japan, had imposed nationwide lockdowns and social distancing restrictions to curb the spread of the disease.
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The electric pocket lighter market share growth by the offline segment will be significant during the forecast period. The offline distribution channels for electric pocket lighter are expected to exhibit significant growth due to strong tie-ups between manufacturers and retailers. Europe is the main exporter of electric pocket lighter to other parts of the world with the presence of major pocket lighter manufacturers such as Swedish Match AB (Swedish Match) and others. The penetration of branded electric pocket lighter in emerging countries is low due to the lack of a proper distribution network. However, the situation has changed in recent years. Vendors such as BIC USA Inc (BIC). have realized distribution in these countries by establishing strong distribution networks with retailers.
This report provides an accurate prediction of the contribution of all the segments to the growth of the electric pocket lighter market size and actionable market insights on post COVID-19 impact on each segment.
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Electric Pocket Lighter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.65% |
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Market growth 2022-2026 |
$ 632.3 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.08 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 48% |
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Key consumer countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ArcLighter, BAIDE International Enterprise, BIC USA Inc., Calico Brands Inc., Colibri, Flamasats SL, Kiwi Lighters, Ningbo Xinhai Electric Co. Ltd., S.T. Dupont, Swedish Match AB, Visol Products, and Zippo Manufacturing Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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