Retail
The global cigarette lighter market reached US$ 6.4 Billion in 2023. The market is primarily driven by the increasing number of smokers worldwide due to rising stress levels, hectic lifestyles, and inflating consumer expenditure capacities. In addition, the shifting consumer preferences from matchboxes toward cigarette lighters owing to their enhanced convenience, portability, and compact size has catalyzed the market growth. Nowadays, several key players are offering a wide range of cigarette lighters, including stormproof, torch, capsule, peanut, and floating lighters.
As per the analysis by IMARC Group, the top cigarette lighter companies are introducing innovative product variants, ranging from flint to automobile lighters, to boost their profitability and offer varied options to their customers. They are also offering premium cigarette lighters for gifting purposes to expand their consumer base. Additionally, the leading manufacturers are focusing on improving the design and functionality of their products to provide enhanced convenience to consumers. They are also developing battery-powered, electronic cigarette lighters that produce a flame at the push of a button. Besides this, the launch of flameless pocket lighters with improved user safety has catalyzed market growth. Other factors, including easy product availability via online and offline retail channels, ongoing research and development (R&D) activities, and rising adoption of attractive product packaging, are also anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2032, growing at a CAGR of 1.9% during the forecast period (2024-2032).
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The global cigarette lighter market has several major players, including BIC Corporation, Cricket Lighters (Swedish Match Lighters BV), and CLIPPER (FLAMAGAS, SA). More information about these companies has been provided below.
Establishment: |
1944 |
Headquarters: |
Clichy, France |
Website: |
https://corporate.bic.com/en-us |
BIC Corporation is a global leader in the manufacturing and distribution of stationery items, cigarette lighters, and shavers. The company aims to provide high-quality and affordable consumer goods. It has a broad product portfolio comprising pocket, multipurpose, and special edition lighters, ball and gel ink pens, pencils, correction tape, temporary tattoo markers, highlighters, permanent markers, unisex grooming products, and men’s and women’s disposable razors. The company manufactures its lighters keeping consumer safety in mind while fulfilling the most rigorous safety and durability standards. As a result, BIC lighters are high-performing, convenient, long-lasting, and safe and provide up to 3,000 lights.
Establishment: |
1992 |
Headquarters: |
Stockholm, Sweden |
Website: |
https://www.cricketlighters.com/ |
Swedish Match Lighters BV is primarily engaged in the development, manufacturing, and sales of high-quality products with several market-leading brands in the product segments: Smokefree, Cigars, and Lights. Under the Lights business, the company offers matches and lighters. While it is a leader for matches in numerous markets across the world, for lighters, the Group has established strong market positions in several countries globally. It distributes and sells a wide range of pocket (flint and electronic lighters), utility, and deluxe lighters in different sizes, models, colors, design editions, and finishes under the brand name Cricket Lighters.
Establishment: |
1959 |
Headquarters: |
Barcelona, Spain |
Website: |
https://flamasats.com/es/ |
FLAMAGAS SA is a leading company with a significant presence in the stationery, electronics, and cigarette lighter markets. In 1971, the company launched CLIPPER, its own brand of lighters and accessories present all over the world. It was one of the world’s first plastic lighters and has become one of the best-selling brands of refillable lighters worldwide. Currently, Clipper lighters are marketed and sold in more than 130 countries across the globe.
About Author:
Shree Basu Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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