Pocket Lighter Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The pocket lighter market share is expected to increase to USD 1.18 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.04%.

This 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 pocket lighter market segmentation by the following:

• Product - Flint pocket lighters and electronic pocket lighters
• Geography - APAC, Europe, North America, South America, and MEA

The pocket lighter market report also offers information on several market vendors, including BAIDE International Enterprise, Bic SA, Flamasats SL, LighterBro LLC, Ningbo Xinhai Electric Co. Ltd., S.T. Dupont SA, Swedish Match AB, TOKAI, Visol Products, and Zippo Manufacturing Co. among others.

What will the Pocket Lighter Market Size be During the Forecast Period?

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Pocket Lighter Market: Key Drivers, Trends, and Challenges

The availability of wide variety of pocket lighters is notably driving the pocket lighter market growth, although factors such as competition from substitute products of cigarettes 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 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 Pocket Lighter Market Driver

One of the key factors driving the global pocket lighter market growth is the availability of a wide variety of pocket lighters such as reusable lighters, stormproof torch lighters, floating lighters, and waterproof lighters offered by vendors. Some of the examples are as follows:

• Zippo Manufacturing - It offers Street Chrome Lighter & Fuel Canister Set, which has a windproof feature.
• Industrial Revolution (UCO Gear) - It is a manufacturer of specialty outdoor gear based in the US, and offers Stormproof torch & bottle Opener and Stormproof Torch & Utility Tape lighters.
• Ultimate Survival Technologies - It is a survival gear manufacturer based in the US, and offers the UST Floating lighter. This lighter comes with acrylonitrile butadiene styrene (ABS) plastic, waterproof design with O-ring seal, wire bail for secure closure and buoyancy, and a ceramic flame window indicator that glows a bright white color when the lighter is ignited.

The high demand for pocket lighters due to their day-to-day applications such as lighting stoves is expected to positively impact the market in focus during the forecast period.

Key Pocket Lighter Market Trend

The increasing online presence of branded pocket lighters is another factor supporting the pocket lighter market share growth. The distribution network of pocket lighter 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 the online channel. Some of the major branded lighters offered by BIC, FLAMAGAS (Clipper), Zippo Manufacturing, and Swedish Match have 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 pocket light manufacturers is expected to further boost sales during the forecast period.

Key Pocket Lighter Market Challenge

One of the key challenges to the global pocket lighter market growth is the competition from substitute products of cigarettes. The demand for pocket lighter is largely attributed to the sale of cigarettes. Hence, the decline in sales of cigarettes due to the availability of substitutes such as dissolvable tobacco, e-cigarettes, e-hookah, chewing tobacco, and snuff will affect the growth of the global pocket lighter market. Countries in North America, and Europe have been observing a decline in the number of smokers since 2019. For instance, the number of smokers in the US declined by around 6% in 2019. The declining trend continued in 2020 and 2021 as well. Similarly, the number of smokers in the UK hit an all-time low during 2019. Thus, the increase in adoption of other tobacco products will be a major challenge for the global pocket lighter market during the forecast period

This 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global pocket lighter market as a part of the global leisure products 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 pocket lighter market during the forecast period.

Who are the Major Pocket Lighter Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• BAIDE International Enterprise
• Bic SA
• Flamasats SL
• LighterBro LLC
• Ningbo Xinhai Electric Co. Ltd.
• S.T. Dupont SA
• Swedish Match AB
• TOKAI
• Visol Products
• Zippo Manufacturing Co.

 

This statistical study of the pocket lighter market encompasses successful business strategies deployed by the key vendors. The pocket lighter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• BAIDE International Enterprise  - Through the unified segment, the company offers flint lighters, windproof lighters, electric lighters, and gas canisters.

• BAIDE International Enterprise  - The company offers flint lighters which is refillable and reliable.

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 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.

Pocket Lighter Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pocket lighter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains 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.

The value chain of the leisure products market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Pocket Lighter Market?

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41% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for pocket lighter in APAC. Market growth in this region will be faster than the growth of the market in MEA.

The significant increase in the number of end-users (smokers) and rapid penetration of branded pocket lighters in emerging countries such as India will facilitate the 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 pocket lighter market. The governments of several countries in the region, such as China, India, Japan, had imposed nationwide lockdowns and social distancing restrictions to curb the spread of the disease. As a result, many retail outlets such as supermarkets and hypermarkets in the region were shut. However, vendors made their products available to consumers through online distribution channels such as e-commerce platforms. Further, in H2 2020, as the COVID-related restrictions eased in the region, the demand for pocket lighters rebounded.

What are the Revenue-generating Product Segments in the Pocket Lighter Market?

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The pocket lighter market share growth by the flint pocket lighters segment will be significant during the forecast period. The multi-utilitarian advantages of flint pocket lighters will drive the growth of the segment. The introduction of refillable lighters is also a factor contributing to the growth. For instance, Zippo Manufacturing, a pocket lighter manufacturer based in the US, offers pocket lighters for $13, and its fuel costs around $2.75. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the pocket lighter market size and actionable market insights on post COVID-19 impact on each segment.

 

Pocket Lighter Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.04%
Market growth 2021-2025	$ 1.18 billion
Market structure	Fragmented
YoY growth (%)	3.54
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 41%
Key consumer countries	China, US, Germany, UK, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BAIDE International Enterprise, Bic SA, Flamasats SL, LighterBro LLC, Ningbo Xinhai Electric Co. Ltd., S.T. Dupont SA, Swedish Match AB, TOKAI, Visol Products, and Zippo Manufacturing Co.
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
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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What are the Key Data Covered in this Pocket Lighter Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive pocket lighter market growth during the next five years
• Precise estimation of the pocket lighter market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pocket lighter industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pocket lighter market vendors

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