About Fireworks
Fireworks will include all type of firecrackers which is specially designed to produce a large amount of noise and visual effect. Firecrackers are made from the explosive material like flash powder, cordite, smokeless powder and black powder hence are wrapped in a heavy paper casing. They are used while celebrating different occasions around the globe. All types of fireworks are subject to various laws in many countries even though considered as a traditional part of the celebration. Moreover, fireworks are banned in few countries due to numerous side effects like air pollution, soil pollution, and noise pollution which ultimately leads to many injuries and deaths. The global fireworks market was estimated to be around USD 3,371.8 million in 2019, according to the AMA study.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 2.23% |
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as product uniqueness, standout product line, offering attractive discounts, mergers with big organizations, alliances with different companies to increase sales area globally and others. Analyst at AMA Research estimates that United states and Chinese Vendors will contribute the maximum growth to Global Fireworks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dragon Fireworks Incorporated (Philippines), Kaliswari Fireworks Private Limited (India), Zambelli Fireworks (United States), Ajanta Fireworks (India), Coronation Fireworks Factory (India), WECO Feuerwerk GmbH (Germany), Fireworks by Grucci (United States), Forward Fireworks Company Ltd (China), Illumination Fireworks, LLC (United States) and Jiangxi lidu Fireworks Group Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Entertainment Fireworks, Inc. (United States), Diamond Sparkler (United States) and Panda (China).
Segmentation Overview
AMA Research has segmented the market of Global Fireworks market by Type (Rockets, Candles, Barrages, Sparklers, Fountains, Wheels and Others) and Region.
On the basis of Type, Barrages are dominating the market in the year 2024 where as Rockets stood as second largest market share.
On the basis of geography, the market of Fireworks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End user, the sub-segment i.e. Government will boost the Fireworks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Innovations such as More Creative and Colorful Fireworks
Market Growth Drivers:
Increasing Use of Fireworks for Almost Every Occasion Across the Globe and Growing Adoption of Fireworks from Sports Stadium
Challenges:
The Rising Environmental Concerns due to Harmful Effects of Fireworks for the Environment
Restraints:
Strict government regulations and policies against fireworks and Reluctant nature of customers due to increasing awareness regarding pollution
Opportunities:
The Rising Adoption of Eco-Friendly Crackers in Developing Countries
Market Leaders and their expansionary development strategies
In November 2023, Black Cat Fireworks and Pyro Spectaculars by Souza has announced a strategic partnership to expand their combined presence in the US fireworks market.
In December 2023, Pyro Spectaculars International launches a new line of eco-friendly fireworks. This new product line uses biodegradable materials and produces less smoke and air pollution.
Stringent Government Regulations on the Usage of Fireworks Across Different Countries Wherein the Users Are Required to get Access to Fireworks for a Limited Amount of Time at any Occassion
Key Target Audience
Fireworks Manufacturers, Distributors/Traders/Wholesalers, Raw material suppliers, Industry Association, Downstream Vendors and Government and research organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.