Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 680.5 Million | USD 951.9 Million | CAGR at 3.80% | 2023 |
According to the report published by Zion Market Research, the global Electric Pocket Lighter Market size was valued at USD 680.5 Million in 2023 and is predicted to reach USD 951.9 Million by the end of 2032. The market is expected to grow with a CAGR of 3.80% during the forecast period. The report analyzes the global Electric Pocket Lighter Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Electric Pocket Lighter Market industry.
Lighter helps in producing flame by igniting the combustible material. A pocket lighter is majorly used to light up cigarettes and sometimes certain other materials. It has been in use for many years, first lighter was developed in 1823 by a German chemist. Advanced technology and constant innovations paved the way for the development of portable and easy-to-use electric pocket lighters. It is a non-disposable reusable lighter that needs to be charged repetitively. Its battery lives up to 400 charges.
Electric lighters are typically powered by electricity and comprise heating elements, for example, plasma arc or electric arc. However, these lighters do not store any liquid fuel or butane for ignition; thereby, it is efficient and safe to use. These lighter comprise of auto-off feature, burner plates, battery, and USB charging cable. Also, different varieties of electric pocket lighter range from the single arc, flameless lighter, extended arc, and plasma beam.
The global electric pocket lighter market is likely to witness unprecedented growth in forthcoming years due to the growing popularity of these electric pocket lighters among consumers. However, the surge in growing popularity is also encouraging manufacturers to focus on achieving value-added features on the product, thereby fostering development in the market. The electric pocket lighter has been in use for a very long time and serves several purposes like lighting candles, fireworks, gas stoves, etc. But now, it has emerged as a trend and a fashion quotient in the market.
Additionally, the electric pocket lighter has been through many innovations thereby, the fundamental working principle of the device has also changed along with features and appearance. The surge in the number of smokers along with the increasing spending power of consumers globally is another key reason propelling the growth of the global electric pocket lighter market exponentially. The lockdowns caused due to the outbreak of the Covid-19 have affected the global electric pocket lighter market severely. Supply chain and production were also hampered. But owing to the relaxation in regulations along with the lowering cases of the Covid-19 globally, the market is likely to witness speedy recovery in the forthcoming years.
Furthermore, the emergence of funky lighters like peanut lighter, capsule lighter, stormproof torch lighter, zippo lighters, and other multipurpose lighters with advanced features like improved lighting, lightweight, reusability, waterproof, and others have expanded the market base globally. Also, manufacturers are boosting their research and development activities to come up with more attractive and multipurpose lighters. Heavy investments by leading market players will further complement the growth of the market in the forthcoming years.
The global electric pocket lighter market can be secondary to distribution channel, product type, and region.
By distribution channel, the market can be segmented into online and offline stores. The online channels have emerged as a leading sales channel segment in the global electric pocket lighter market due to the ease of delivery and presence of multiple varieties of electric lighters. Also, the growing scope of e-commerce globally will further accelerate the adoption rate of online shopping.
By product type, the market can be segmented into coil lighter, dual arc, single arc, and others.
Report Attributes | Report Details |
---|---|
Report Name | Electric Pocket Lighter Market Research Report |
Market Size in 2023 | USD 680.5 Million |
Market Forecast in 2032 | USD 951.9 Million |
Growth Rate | CAGR of 3.80% |
Number of Pages | 196 |
Key Companies Covered | DuPont, Tesla, Ronson, St, Colibri, Coleman, X- Plore gear, Marlboro, Dunhill, Zippo, Tokai, Swedish Match, Clipper, and BIC. |
Segments Covered | By Distribution channel, By Product type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific accounts for the largest share in the global electric pocket lighter market due to the high number of smokers and rapid proliferation of branded electric pocket lighters in the region. The presence of prominent market leaders with advanced products is further likely to positively impact the growth of the regional market.
North America is another leading nation in the global electric pocket lighter market due to the growing innovations and surging trend of funky lighters in the regions.
Some of the significant players in the global electric pocket lighter market include:
By Distribution channel
By Product type
What Reports Provides
FrequentlyAsked Questions
The global electric pocket lighter market is likely to witness unprecedented growth in forthcoming years due to the growing popularity of these electric pocket lighters among consumers. However, the surge in growing popularity is also encouraging manufacturers to focus on achieving value-added features on the product, thereby fostering development in the market.
Some of the significant players in the global electric pocket lighter market include DuPont, Tesla, Ronson, St, Colibri, Coleman, X- Plore gear, Marlboro, Dunhill, Zippo, Tokai, Swedish Match, Clipper, and BIC.
Asia Pacific accounts for the largest share in the global electric pocket lighter market due to the high number of smokers and rapid proliferation of branded electric pocket lighters in the region. The presence of prominent market leaders with advanced products is further likely to positively impact the growth of the regional market.
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