Global Cigarette Lighter Market to Reach 16.6 Billion Units by 2022


Posted April 29, 2017 by expertmarketresearch

According to a new report by Expert Market Research, the global cigarette lighter market reached a volume of 13.8 Billion Units in 2016 and is further expected to reach 16.6 Billion Units by 2022.

 
Cigarette lighter refers to a portable device which is used to ignite various combustible materials. It is made of metal or plastic and comes in a number of sizes, types, and styles. According to a new report by Expert Market Research, the global cigarette lighter market reached a volume of 13.8 Billion Units in 2016 and is further expected to reach 16.6 Billion Units by 2022.

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In the last few years, the global smoking prevalence has reduced significantly. As a result of this, there has been a decline in the cigarette sales, particularly in developed regions. This has severely affected the overall growth of the global cigarette lighter market. However, the market continues to pave its way and currently exhibits a slow and steady growth. This can be primarily attributed to a growing demand from emerging regions such as Asia-Pacific with large population base and increasing disposable incomes. With the advancements in technology, the market has also witnessed various changes in terms of design, convenience, prices and product functionality. Manufacturers are coming up with a large variety of cigarette lighters in order to increase their profitability. Moreover, a shift from cigarette lighters to electronic cigarette lighters has also broadened the growth aspects of the market globally.

Key findings from the report:

The different types of cigarette lighters available are flint cigarette lighter, electronics cigarette lighters and others. In 2016, flint cigarette lighter market dominated the market with a share of more than a half of the total global market.
The major markets for cigarette lighter are North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. The growth in the developed regions has slowed down while the developing regions are witnessing a healthy growth.
Being concentrated in nature, the global cigarette lighter market is surrounded by some of the top players. These players include BIC, Cricket, Clipper, Zippo, ST Dupont and Alfred Dunhill. In 2016, BIC was the biggest player with a share of nearly a half of the total global market.

Read full report with TOC: http://www.expertmarketresearch.com/reports/cigarette-lighter-market

Expert Market Research has analysed the global cigarette lighter market according to cigarette lighter type, major regions and top players:

Market breakup by Cigarette Lighter Type

Flint Cigarette Lighter
Electronics Cigarette Lighter
Others

Market breakup by Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Top Players

BIC
Cricket
Clipper
Zippo
ST Dupont
Alfred Dunhill

Browse more reports related to consumer goods industry: http://www.expertmarketresearch.com/categories/consumer-goods-market-reports

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Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

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Last Updated April 29, 2017