Lighter is a lightweight tool used to generate flame by igniting the combustible material. A pocket lighter is mainly used to lit a cigarette and sometimes to ignite other material. Lighters have been used since an era; the first lighter was developed by a German chemist in 1823. Several innovations and technology have led to the development of easy to use and portable electric pocket lighter. It is reusable and non-disposable lighter, which can be charged repetitively, and its battery can typically last up to 400 charges. Electric lighters are powered by electricity and consist of electric arc or plasma arc and heating element for igniting; these types of lighters do not contain butane or liquid fuel for combustion and are safe and efficient. Electric pocket lighter consists of a battery, burner plates, auto-off feature, and is provided with USB charging cable. Single arc, plasma beam, dual arc, triple arc, extended arc, and flameless lighter, are the broad category of lighters in the electric pocket lighter market.
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COVID-19 Scenario Analysis:
Lockdown Scenario:
The lockdown scenario caused due to the coronavirus outbreak, which is a respiratory disease-causing virus has highly affected the growth of the global electric pocket lighter market. The electric pocket lighter is an accessory mainly used by smokers and the effect of the disease has changed the consumer buying patterns in recent days. The lockdown scenario has affected the turnover and revenue of the market.
Production hampered
The production has been affected by the lockdown as the procurement of raw material has become challenging for many manufacturers.
Supply chain
Shutdown of the retail stores has led to a loss in sales and revenue.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Pocket lighter has been used for a long time and has served the purpose of lighting gas stoves, fireworks, candles, cigarettes, and others but as the fashion and trend have been highly adopted in the market, electric pocket lighter has also been through many innovations. The basic working principle of a lighter has been changed in the electric pocket lighter along with the technological changes in the features and appearance. The increase in fashion and trend, awareness about the trends, rise in spending power of the customer, multi-purpose lighter, innovation, and technology, surge in number of smokers, accessories for electric pocket lighter, and a surge in popularity of pocket clippers are the key drivers of the global electric pocket lighter market. However, variation in the product price, availability of substitutes, increasing competition, and regulatory policies hinder the market growth.
The global electric pocket lighter market trends are as follows:
Innovations in the electric pocket lighter market
New features and properties being added to the electric pocket lighter have led to ensure its safety and gain the trust of the consumers at a large extent. Various types of electric pocket lighters have been launched in the market, which have performed well to increase the market share. The trending lighters are zippo, storm proof torch lighter, capsule & peanut lighter, floating lighters, and multi-purpose lighter consisting of features such as a long-lasting battery, self-igniting burner plates, waterproof, durability, reusable, lightweight, and improved lighting options. BIC, a leading key player in the pocket lighter market has introduced various series of lighters with attractive prints, a variety of electronic lighters, and multipurpose lighters. Clipper developed a new trend of lighters, which contains a feature to roll the tobacco as well.
Development of the market
The key players have captured a huge target market by the evolution of trends in the market. Recently, not only lighters are being manufactured for smokers but multi-purpose lighters have also been brought in the market, which can be beneficial while traveling as well. According to the Consumer Product Safety Commission, the lighters have to comply with some rules and regulations to ensure the safety of products and to prevent fire accidents. Certain brands have been investing in producing flameless lighters, reusable lighters, and easy to use lighters offer opportunity for further growth of the electric pocket lighter market.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global electric pocket lighter industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global electric pocket lighter market share.
- The current market is quantitatively analyzed to highlight the global electric pocket lighter market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global electric pocket lighter market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Electric Pocket Lighter Market Research Report:
- What are the leading market players active in the electric pocket lighter market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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The research report included company profiles of top manufacturers, their data, deals income, revenue share, deal volume, and purchaser volume is equally specified.
It also contains forecasts using a suitable set of expectations and approaches.
The report determines with the profiles of foremost players in the global.
The major market players are estimated on various factors such as company overview, product selection, and revenue of ‘Global Disposable Lighters Market’.
‘Global Disposable Lighters Market’ Report covers market appearances, size and progress, segmentation, provincial collapses, competitive background, market shares, tendencies and strategies for this market.
Significant financial deals which have molded the market in the previous years are recognized.
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