According to the latest report by IMARC Group, titled “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global cigarette lighter market size reached US$ 6.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.83 Billion by 2027, exhibiting at a CAGR of 1.97% during 2022-2027.
A cigarette lighter refers to a device that produces a small flame after pressing a switch which is used to light a cigar or cigarette. These lighters are multipurpose in usage as they can also be utilized to light a candle or light up firecrackers, or ignite the gas stove, but are generally utilized for lighting cigarettes. This includes a metal or plastic container filled with a flammable fluid or pressurized liquid gas, a means of ignition, and some provision for easily extinguishing the flame.
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Cigarette Lighter Market Trends:
The cigarette lighter market is primarily driven by the increasing number of smokers across the globe. Moreover, changing lifestyles and rising disposable income among consumers are contributing to market growth. In addition to this, the widespread availability of lighters in several designs and at affordable price points is propelling the market growth. The introduction of pocket lighters, which are convenient to use is acting as another major growth-inducing factor. Furthermore, manufacturing companies are coming up with new product developments, along with significant technological advancements with added features, such as providing a digital display and adjustable flame power by taking all the safety precautions. This, in turn, is creating a positive outlook for the market across the globe.
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Competitive Landscape With Key Players:
The competitive landscape of the cigarette lighter market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the cigarette lighter market on the basis of product type, material type, distribution channel and region.
Breakup by Product Type:
Breakup by Material Type:
Breakup by Distribution Channel:
Breakup by Region:
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Key Highlights of the Report:
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