Posted on 27 Dec 2018
Cigarette lighter refers to a portable device which is used to ignite various combustible materials. It is made of metal or plastic and comes in a number of sizes, types, and styles. According to a new report by Expert Market Research, the global cigarette lighter market reached a volume of 14.7 Billion Units in 2018 and is further expected to reach 17.5 Billion Units by 2024.
In the last few years, the global smoking prevalence has reduced significantly. As a result of this, there has been a decline in the cigarette sales, particularly in developed regions. This has severely affected the overall growth of the global cigarette lighter market. However, the market continues to pave its way and currently exhibits a slow and steady growth. This can be primarily attributed to a growing demand from emerging regions such as Asia-Pacific with large population base and increasing disposable incomes. With the advancements in technology, the market has also witnessed various changes in terms of design, convenience, prices and product functionality. Manufacturers are coming up with a large variety of cigarette lighters in order to increase their profitability. Moreover, a shift from cigarette lighters to electronic cigarette lighters has also broadened the growth aspects of the market globally.
Key findings from the report:
Click here for the summary of report: https://www.expertmarketresearch.com/reports/cigarette-lighter-market
Expert Market Research has analysed the global cigarette lighter market according to cigarette lighter type, major regions and top players:
Market breakup by Cigarette Lighter Type
Market breakup by Region
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