Report ID: UCMIG25E2049
Report ID:
UCMIG25E2049 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global pocket lighter market was worth USD 6.08 billion in 2021, and it is expected to develop at a 2.9% CAGR from 2022 to 2028. Factors such as the growing global population of smokers and the extensive use of lighters for lighting cigars, pipes, and cigarettes are driving market expansion. Lighters can be used for a variety of purposes, such as lighting candles, starting gas stoves or lighting firecrackers, although they are most typically used to light cigarettes. To start the flame, these lighters are often made of plastic or metal containers filled with flammable liquid or gas.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Electronics by segment aggregation, the contribution of the Consumer Electronics in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25E2049