Report Description and Highlights
Report Description
Global Cigarette Lighter Market to Cross US$ 7 Billion by 2023
The global cigarette lighter market has been witnessing a positive growth over the past few years. This can be attributed to technological advancements, rapid changes in lifestyles along with new marketing techniques and investments made by manufacturers.
A cigarette lighter is a device that produces flames in order to light cigarettes, pipes or cigars. These lighters consist of a plastic or metal container which is filled with flammable gas or liquid. Cigarette lighters are portable and can either be refillable or disposable. Nowadays, they have become more convenient and safe for the consumers, whereas earlier they used to be larger and bulkier in size as well as much more dangerous. A new research report by IMARC Group, titled “Cigarette Lighter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023�, estimates that the global cigarette lighter market was worth US$ 6 Billion in 2017. The report further anticipates the market to cross US$ 7 Billion by 2023, at a projected CAGR of 2.5% over the forecast period.