GCC Cigarette Lighter Market Analysis by Industry Size, Share, Future Trends, Growth and Forecast 2023-2028
The GCC cigarette lighter market size reached US$ 176.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 253 Million by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
According to IMARC Group’s latest report titled, “GCC Cigarette Lighter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the GCC cigarette lighter market size reached US$ 176.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 253 Million by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
A cigarette lighter is a compact device that produces a small flame by pressing a switch, which is used to light a cigarette or cigar. It uses butane, charcoal, or naphtha for ignition, consists of a metal or plastic container filled with pressurized combustible fluid or liquid gas, and has some provision for extinguishing the flame conveniently. When compared to matchboxes, cigarette lighters are portable, functional, and convenient. Currently, a wide variety of lighters are available in the market, which includes capsules, stormproof torches, peanut, and floating lighters. In the GCC region, electronic lighters with a combustion button are witnessing a significant surge in demand due to their various advantages.
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Market Trends and Drivers:
The surging number of smokers has significantly increased the demand for cigarette lighters, which is one of the primary factors driving the market growth in GCC. This is further backed by the inflating consumer expenditure power and easy product availability in online retail stores. Additionally, key market players are introducing a wide variety of cigarette lighters, such as battery-powered lighters, automobile lighters, and electronic lighters, to increase their profitability and consumer base, which is creating a positive outlook for the market. Besides this, the increasing social media influence and burgeoning working populace are providing a considerable boost to the market growth.
Key Market Segmentation:
The report has segmented the GCC cigarette lighter market based on product type, material type, distribution channel and country.
Breakup by Product Type:
- Flint cigarette lighter
- Electronic cigarette lighter
Breakup by Material Type:
Breakup by Distribution Channel:
- Tobacco shops
- Supermarkets and hypermarkets
- Convenience stores
- Online Stores
Breakup by Country:
- Saudi Arabia
Competitive Landscape With Key Players:
The competitive landscape of the GCC cigarette lighter market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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