What is Global Utility Lighters Market?
The Global Utility Lighters Market is a vast and dynamic sector that encompasses a wide range of products used for various purposes. These utility lighters, often used for lighting candles, grills, fireplaces, and more, are a staple in many households and industries worldwide. The market is global in nature, meaning it spans across continents, catering to different consumer needs and preferences. The market's value is determined by the demand and supply of these utility lighters across the globe. As of 2023, the market was valued at a whopping US$ 362.4 million, indicating a high demand for these products. The market is projected to grow even further, reaching an estimated value of US$ 427.6 million by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period of 2024 to 2030.
Plastic Type, Metal Type in the Global Utility Lighters Market:
The Global Utility Lighters Market is segmented into two main types based on the material used: Plastic Type and Metal Type. Plastic Type utility lighters are the most popular, accounting for over 88% of the market share. These lighters are typically disposable, lightweight, and cost-effective, making them a popular choice among consumers. On the other hand, Metal Type utility lighters are more durable and often refillable, making them a more sustainable option. Despite their higher cost, they are preferred by consumers looking for long-lasting and reliable lighters. Both types have their unique features and benefits, catering to different consumer needs and preferences.
Super and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, Online Retailers in the Global Utility Lighters Market:
The Global Utility Lighters Market finds its usage in various areas such as Super and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, and Online Retailers. Super and Hypermarkets are large retail establishments that offer a wide variety of products, including utility lighters. Independent Retailers are smaller, often family-owned businesses that cater to a local customer base. Convenience Stores are small retail businesses that are open long hours and carry a limited line of high-turnover convenience products, including utility lighters. Specialist Retailers are stores that focus on selling a specific product category, such as tobacco or camping gear, where utility lighters are a key product. Lastly, Online Retailers offer the convenience of shopping from home, with utility lighters being one of the many products available for purchase.
Global Utility Lighters Market Outlook:
Looking at the market outlook for the Global Utility Lighters Market, it's clear that the sector is on a growth trajectory. In 2023, the market was valued at US$ 362.4 million, and it's expected to reach US$ 427.6 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period from 2024 to 2030. The market is dominated by the top five manufacturers, who collectively hold over 75% of the market share. In terms of product type, plastic utility lighters are the most popular, accounting for over 88% of the market.
Report Metric | Details |
Report Name | Utility Lighters Market |
Accounted market size in 2023 | US$ 362.4 million |
Forecasted market size in 2030 | US$ 427.6 million |
CAGR | 2.5% |
Base Year | 2023 |
Forecasted years | 2024 - 2030 |
Segment by Type |
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Segment by Application |
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Consumption by Region |
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By Company | BIC, Tokai, Flamagas, Swedish Match, NingBo Xinhai, Baide International |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |