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

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72075
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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?

Pocket Lighter Market Size

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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?

Pocket Lighter Market Market segmentation by region

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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?

Pocket Lighter Market Segmentation

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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

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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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Flint pocket lighters - Market size and forecast 2020-2025
    • Electronic pocket lighters - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive Scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      Pocket Lighter market growth will increase by $1186.08 million during 2020-2025.
      The pocket lighter market is expected to grow at a CAGR of 4.04% during 2020-2025.
      Technavio has segmented the pocket lighter market by product (Flint pocket lighters and Electronic pocket lighters) and geographic (APAC, Europe, North America, South America, and MEA).
      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. are a few of the key vendors in the pocket lighter market.
      APAC will register the highest growth rate of 41.27% among the other regions. Therefore, the pocket lighter market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the pocket lighter market growth are:
      • Availability of wide variety of pocket lighters
      The pocket lighter market vendors should focus on grabbing business opportunities from the flint pocket lighters segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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