Global Refillable Lighters Market Overview:
The increasing rate of the smoker in world has increased the use of the refillable lighters. However, buying every time a new lighter cost too much money due to which customers prefer to the refillable lighters. Also the easy availability of these lighter through the online channel has driven the global refillable lighters market demand. According to a survey of Our World in Data, across much of Asia, Eastern Europe, North America and Oceania, the average is around 20 to 25 cigarettes are smoked per day. This growing consumption of cigarettes is expected to drive the demand for the refillable lighters. According to AMA, the Global Refillable Lighters market is expected to see growth rate of 3.64%
- Increasing Preference of Consumers for Refillable Lighters
- Growing Demand of Refillable Lighters From Emerging Countries
- Increasing Online Presence Of Branded Refillable Lighters
- High Cost of the Refillable Lighters
- Rising Popularity Of Refillable Lighter Accessories
- Growing Consumption of Refillable Lighters in India and China
- Competition from Substitute Products of Cigarettes
In refillable lighter market, it has been observed that most of the companies are upgrading or introducing innovative products with more classified designs to attract customers. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are BIC (France), Tokai Corporation (Japan), Flamagas, S.A. (Spain), Swedish Match AB (Sweden), NingBo Xinhai Electric Co., Ltd. (China), Baide International Enterprise Ltd. (China), Ningbo Shunhong Lighter Manufacture Co. Ltd (China), Shaodong Tongxing Lighter Mfg. (China), Zhuoye Lighter Manufacturing Co., Ltd. (China), Benxi Fenghe Lighter Co., Ltd. (China), Cixi Wansfa Lighter Industrial Co., Ltd. (China) and W. R. Case & Sons Cutlery Co. (United States). The Vendors having a strong hold in the market are BIC, Flamagas, Swedish Match, Tokai. Additionally, following companies can also be profiled that are part of our coverage like Shaodong County Huanxing Lighter Manufacture Co., Ltd (China), Shaodong Lianhua Lighter Manufacture Co Ltd (China), Zhejiang Tiger Lighter Co., Ltd. (China) and Shaodong County Hefeng Industry Co., Ltd (China). Analyst at AdvanceMarketAnalytics see United States and Asia Pacific Vendors to retain maximum share of Global Refillable Lighters market by 2025. Considering Market by Material Type, the sub-segment i.e. Plastic will boost the Refillable Lighters market.
In May 2019, BIC entered into the partnership with LOOP, the e-commerce platform aimed at eliminating waste. Through this partnership, the refillable BIC stationery items and their refills will be available through LOOP’s French program.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Refillable Lighters market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Refillable Lighters market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Refillable Lighter Manufacturers, Raw Material Supplier, Distributors, Dealer, and Suppliers of Refillable Lighter, Associations and Industrial Bodies, Research and Consulting Firms and Venture Capitalists and Private Equity Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.