Fireworks Market Scope
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.
The Fireworks market study is segmented by Type (Rockets, Candles, Barrages, Sparklers, Fountains, Wheels and Others) and major geographies with country level break-up.
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. Research Analyst at AMA estimates that United states and Chinese Vendors will contribute to the maximum growth of Global Fireworks market throughout the predicted period.
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 are Entertainment Fireworks, Inc. (United States), Diamond Sparkler (United States) and Panda (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Fireworks market by Type, Application and Region. On the basis of Type, Barrages are dominating the market in the year 2019 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 2019. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In January 2020, SKYMAGIC and Fireworks by Grucci join forces to deliver a record-breaking PyroDrone show performance. SKYMAGIC commissioned by Fireworks by Grucci delivered a world-record-breaking firework drone show performance for Ras Al Khaimah 2020 New Year's Eve Celebration. The Grucci/SKYMAGIC team returned to the skies of Marjan Island, waved goodbye to 2019, and delivered a Guinness World Record for a never-before-seen PyroDrone performance.
In June 2020, WECO Fireworks announced the opening of a new state-of-the-art warehouse complex. Despite the current Corona crisis, Europe's market leader in the field of end-user fireworks continues to invest in its locations. WECO Feuerwerk is currently building a state-of-the-art warehouse complex at its headquarters in Eitorf, further expanding its logistics capacities. The recently acquired, total 13,000 sqm area, on which a 1,700 m2 existing building has already been occupied by the in-house logistics department, is directly opposite the existing storage and shipping area.
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
- Innovations such as More Creative and Colorful Fireworks
- Increasing Use of Fireworks for Almost Every Occasion Across the Globe
- Growing Adoption of Fireworks from Sports Stadium
- The Rising Adoption of Eco-Friendly Crackers in Developing Countries
- Strict government regulations and policies against fireworks
- Reluctant nature of customers due to increasing awareness regarding pollution
- The Rising Environmental Concerns due to Harmful Effects of Fireworks for the Environment
Key Target Audience
Fireworks Manufacturers, Distributors/Traders/Wholesalers, Raw material suppliers, Industry Association, Downstream Vendors and Government and research organizations
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.2. How big is the Fireworks Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2025.3. What is expected growth rate?
According to AMA, the Global Fireworks market is expected to see growth rate of 2.23%.