Electric Pocket Lighter Market Size, Share & Trends 2032 |...

Electric Pocket Lighter Market

The global market for pocket lighters was estimated to be worth USD 680.5 million in 2023 and is expected to grow to USD 951.9 million by the end of 2032, according to a report released by Zion Market Research. Over the course of the projection period, the market is anticipated to rise at a CAGR of 3.80%. The growth factors, barriers, and effects on demand for the worldwide electric pocket lighter market are examined in this study for the period of forecasting. Additionally, it will aid in navigating and investigating the chances that present themselves in the Electric Pocket Lighter Market.

Global Electric Pocket Lighter Market: Overview

By igniting the flammable material, the lighter aids in the production of flame. Lighters are primarily used for cigarettes, though they can also be used for other materials. A German scientist created the first lighter in 1823, and it has been in use ever since. Innovative and cutting-edge technology made it possible to create lightweight, user-friendly electric pocket lighters. It is a reusable, non-disposable lighter that requires frequent charging. The battery can withstand 400 charges. Electric lighters usually run on electricity and have heating components like electric arc or plasma arc. Nevertheless, these lighters are effective and safe to use because they don't contain any butane or liquid fuel to ignite. These lighters have an auto-off function.

Electric Pocket Lighter Market

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Global Electric Pocket Lighter Market: Growth Factors

Due to the increasing demand for these electric pocket lighters among customers, the worldwide market for electric pocket lighters is anticipated to rise at an unparalleled rate in the years to come. On the other hand, the product's increasing popularity is also pushing manufacturers to concentrate on adding value, which will promote market growth. For many years, people have been using electric pocket lighters for a variety of reasons, such as lighting candles, pyrotechnics, gas stoves, etc. However, it has now become a commercial trend and a fashion statement.

The electric pocket lighter has also undergone numerous modifications, which have affected its features and look in addition to changing the device's basic operation. Another major factor driving the exponential expansion of the global electric pocket lighter market is the rise in the number of smokers combined with rising consumer spending power worldwide. The Covid-19 outbreak-related lockdowns have had a significant negative impact on the worldwide market for electric pocket lighters. Production and the supply chain were also hindered. However, because of the loosening of laws and the decline in Covid-19 instances worldwide, the market is probably going to rebound quickly in the upcoming years.

Additionally, the market base has grown internationally due to the introduction of unique lighters such as capsule lighters, peanut lighters, zippo lighters, stormproof torch lighters, and other multipurpose lighters with cutting-edge qualities like enhanced lighting, lightweight, reusability, waterproof, and others. In order to create lighters that are more appealing and functional, manufacturers are also increasing their R&D efforts. Prominent industry participants' substantial investments will bolster the market's expansion in the upcoming years.

Global Electric Pocket Lighter Market: Segmentation

The product type, area, and distribution channel may take precedence over the worldwide market for electric pocket lighters. The market can be divided into online and offline stores based on the distribution channel. Due to the availability of numerous electric lighter variants and the convenience of delivery, online channels have become a dominant sales channel segment in the global market for electric pocket lighters. Additionally, the expanding worldwide reach of e-commerce will quicken the pace at which online buying is adopted.The market can be divided into coil lighters, dual arc lighters, single arc lighters, and other product types.

Global Electric Pocket Lighter Market: Regional analysis

Because of the high rate of smoking in the region and the quick spread of branded electric pocket lighters, Asia Pacific holds the highest proportion of the global market for these devices. The existence of well-known industry leaders with cutting-edge goods is also probably going to help the area market expand. Because of the increasing advancements and funky lighter trend in the region, North America is another market leader for electric pocket lighters worldwide.

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