According to the latest report by IMARC Group titled, “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global cigarette lighter market reached a value of nearly US$ 6 Billion in 2016, growing at a CAGR of more than 4% during 2009-2016. A means of ignition, cigarette lighter is commonly used to light cigarettes, cigars and pipes. It consists of a metal or plastic container filled with a flammable fluid or gas, which can either be disposed or refilled. Cigarette lighters have evolved over the last two centuries and have witnessed huge changes in their design. Unlike early lighters, which were large, bulky and dangerous to use, modern lighters have been refined as per the convenience and safety of the consumers.
Highlights of the global cigarette lighter market:
- Rising demand from emerging regions remains the major growth driving factor.
- Flint cigarette lighter is the most popular product type.
- BIC represents the biggest player in the global cigarette lighter industry.
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Emerging regions such as Asia-Pacific, are witnessing an increase in disposable incomes, and a rise in population and smoking prevalence, thereby, inducing the demand for cigarette lighter. Additionally, the advancements in technology have led to product diversity and innovations in terms of design, convenience, prices and product functionality, hence offering the consumers an option to choose from a wide variety of cigarette lighters. Some of the major product types include refillable lighters, short flame lighters, torch flame lighters, wind and splash proof lighters, and electronic lighters, automobile lighters, flint lighters, etc.
The market is further growing on account of premiumisation of cigarette lighters, attracting a large base of affluent consumers. A recent shift from traditional cigarette lighters to electronic cigarette lighters has also facilitated the market growth. Besides, a rising number of both, male and female smokers globally is expected to drive the demand for cigarette lighters. Owing to these factors, the global cigarette lighter market is expected to reach a value of US$ 6.8 Billion by 2022.
On the basis of product type, the market has been segmented into flint cigarette lighter, electronic cigarette lighter and others. Amongst these, flint cigarette lighter dominates the market, accounting for more than a half of the total sales. Region-wise, Asia- Pacific represents the largest region, holding the majority of the market share. Asia-Pacific is followed by Eastern Europe, Western Europe, Middle East and Africa, North America and Latin America. On evaluating the competitive landscape, it is found that BIC represents the largest manufacturer of cigarette lighters globally. Other players are Cricket and Clipper.
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The report by IMARC Group has examined the global cigarette lighter market on the basis of:
- Flint cigarette lighter
- Electronic cigarette lighter
- Eastern Europe
- Western Europe
- Middle East and Africa
- North America
- Latin America
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