-
'TABLE OF CONTENTS
-
EXECUTIVE SUMMARY 11
-
GERMANY POCKET LIGHTER
-
MARKET, BY PRODUCT TYPE 13
-
GERMANY POCKET LIGHTER MARKET, BY GENDER 14
- GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL 15
- GERMANY POCKET
-
LIGHTER MARKET, BY PACKAGING 16
-
GERMANY POCKET LIGHTER MARKET, BY PRICE
-
RANGE 17
-
GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL 18
-
MARKET INTRODUCTION 19
-
DEFINITION 19
-
SCOPE OF THE STUDY 19
-
RESEARCH OBJECTIVE 19
-
MARKET STRUCTURE 20
-
RESEARCH METHODOLOGY
-
RESEARCH PROCESS 21
-
PRIMARY RESEARCH 22
-
SECONDARY
-
RESEARCH 23
-
MARKET SIZE ESTIMATION 24
-
FORECAST MODEL 25
-
MARKET DYNAMICS 27
-
INTRODUCTION
-
DRIVERS 28
- NEW TECHNOLOGY & INNOVATION OF POCKET LIGHTER
-
TO ATTRACT MORE CONSUMERS 28
-
THE RISING NUMBER OF SMOKING POPULATIONS
-
COUPLED WITH THE INCREASING DISPOSABLE INCOME ENLARGES THE MARKET GROWTH 28
-
DRIVERS IMPACT ANALYSIS 29
-
RESTRAINT 30
- INCREASED RAW MATERIAL
-
COSTS TO AFFECT THE GROWTH OF THE PRODUCT 30
-
HIKED FUEL PRICES TO AFFECT
-
THE MOMENTUM POCKET LIGHTERS GROWTH 30
-
RESTRAINTS IMPACT ANALYSIS 31
-
OPPORTUNITY 31
- INCREASED TREND OF GIFTING & USING FASHIONABLE
-
LIGHTERS TO ENHANCE THE PRODUCT GROWTH 31
-
CHALLENGE 32
- SAFETY
-
CONCERNS REGARDING USING POCKET LIGHTERS TO HINDER THE GROWTH 32
-
MARKET FACTOR ANALYSIS 33
-
VALUE CHAIN ANALYSIS 33
- RAW MATERIALS 34
-
PROCESSING 34
-
CASING PRODUCTION 34
- FLINT AND WICK PRODUCTION:
-
SUPPLY CHAIN ANALYSIS 35
-
PORTER''S FIVE FORCES MODEL 36
-
THREAT OF NEW ENTRANTS 36
-
BARGAINING POWER OF SUPPLIERS 37
-
BARGAINING POWER OF BUYERS 37
-
THREAT OF SUBSTITUTES 37
- INTENSITY
-
OF RIVALRY 37
-
IMPACT OF THE COVID-19 OUTBREAK ON THE GERMANY POCKET LIGHTER
-
MARKET 38
-
IMPACT ON PRODUCTION 38
- IMPACT ON SUPPLY CHAIN 38
- IMPACT ON CONSUMER BUYING BEHAVIOR 38
- IMPACT ON PRICING 39
-
GERMANY POCKET LIGHTER MARKET, PRODUCT TYPE 40
-
OVERVIEW 40
-
GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, PRODUCT TYPE, 2020–2030
-
FLINT LIGHTER 41
-
ELECTRONIC LIGHTER 41
-
GERMANY POCKET
-
LIGHTER MARKET, BY GENDER 42
-
OVERVIEW 42
- GERMANY POCKET LIGHTER
-
MARKET ESTIMATES & FORECAST, BY GENDER, 2020–2030 43
-
MEN 43
-
WOMEN 43
-
GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL 44
-
OVERVIEW 44
-
GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY
-
RAW MATERIAL, 2020–2030 45
-
NAPHTHA 45
-
BUTANE 45
-
GERMANY
-
POCKET LIGHTER MARKET, BY PACKAGING 46
-
OVERVIEW 46
- GERMANY POCKET
-
LIGHTER MARKET ESTIMATES & FORECAST, BY PACKAGING, 2020–2030 47
-
PLASTIC 47
-
METAL 47
-
GERMANY POCKET LIGHTER MARKET, BY PRICE RANGE
-
OVERVIEW 48
- GERMANY POCKET LIGHTER MARKET ESTIMATES &
-
FORECAST, BY PRICE RANGE, 2020–2030 49
-
ECONOMICAL 49
-
PREMIUM
-
GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL 50
-
OVERVIEW
- GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY DISTRIBUTION
-
CHANNEL, 2020–2030 51
-
SUPERMARKETS & HYPERMARKETS 51
-
CONVENIENCE STORE 51
-
SPECIALTY STORES 51
-
ONLINE 51
-
OTHERS 52
-
COMPETITIVE LANDSCAPE 53
-
INTRODUCTION 53
-
MARKET STRATEGY ANALYSIS 53
-
COMPETITIVE BENCHMARKING 54
-
KEY
-
DEVELOPMENTS & GROWTH STRATEGIES 55
-
PRODUCT LAUNCH 55
-
COMPANY
-
PROFILES 56
-
BIC SA 56
- COMPANY OVERVIEW 56
- FINANCIAL
-
OVERVIEW 57
-
PRODUCTS OFFERED 58
- KEY DEVELOPMENTS 58
-
SWOT ANALYSIS 59
-
KEY STRATEGIES 59
-
S.T. DUPONT 60
-
COMPANY OVERVIEW 60
-
FINANCIAL OVERVIEW 61
- PRODUCTS OFFERED
- KEY DEVELOPMENTS 62
- SWOT ANALYSIS 63
- KEY
-
STRATEGIES 63
-
XINHAI GROUP 64
- COMPANY OVERVIEW 64
-
FINANCIAL OVERVIEW 64
-
PRODUCTS OFFERED 64
- KEY DEVELOPMENTS
- SWOT ANALYSIS 66
- KEY STRATEGIES 66
-
ZIPPO GMBH
- COMPANY OVERVIEW 67
- FINANCIAL OVERVIEW 67
-
PRODUCTS OFFERED 67
-
KEY DEVELOPMENTS 69
- SWOT ANALYSIS 69
- KEY STRATEGIES 69
-
IMCORONA 71
- COMPANY OVERVIEW 71
- FINANCIAL OVERVIEW 71
- PRODUCTS OFFERED 71
- KEY DEVELOPMENTS
- SWOT ANALYSIS 74
- KEY STRATEGIES 74
-
TOKAI 75
- COMPANY OVERVIEW 75
- FINANCIAL OVERVIEW 75
- PRODUCTS
-
OFFERED 75
-
KEY DEVELOPMENTS 76
- SWOT ANALYSIS 76
-
KEY STRATEGIES 76
-
LIGHTERBRO LLC 77
- COMPANY OVERVIEW 77
- FINANCIAL OVERVIEW 77
- PRODUCTS OFFERED 77
- KEY DEVELOPMENTS
- KEY STRATEGIES 78
-
GERMANUS 79
- COMPANY OVERVIEW
- FINANCIAL OVERVIEW 79
- PRODUCTS OFFERED 79
-
KEY DEVELOPMENTS 79
-
KEY STRATEGIES 79
-
BOOMEX GMBH 80
-
COMPANY OVERVIEW 80
-
FINANCIAL OVERVIEW 80
- PRODUCTS OFFERED
- KEY DEVELOPMENTS 80
- KEY STRATEGIES 80
-
& LIMITATIONS 26
-
FORECAST, PRODUCT TYPE, 2020–2030 (USD MILLION) 41
-
LIGHTER MARKET ESTIMATES & FORECAST, BY GENDER, 2020–2030 (USD MILLION)
-
–2030 (USD MILLION) 45
-
& FORECAST, BY PACKAGING, 2020–2030 (USD MILLION) 47
-
POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY PRICE RANGE, 2020–2030
-
(USD MILLION) 49
-
BY DISTRIBUTION CHANNEL, 2020–2030 (USD MILLION) 51
-
OFFERED 64
-
PRODUCTS OFFERED 71
-
PRODUCTS OFFERED 75
-
GERMANUS: PRODUCTS OFFERED 79
-
GERMANY POCKET LIGHTER MARKET ANALYSIS BY PRODUCT TYPE 13
-
POCKET LIGHTER MARKET ANALYSIS BY GENDER 14
-
MARKET ANALYSIS BY RAW MATERIAL 15
-
BY PACKAGING 16
-
PROCESS 21
-
MARKET DYNAMICS OVERVIEW 27
-
LIGHTER MARKET 29
-
MARKET 31
-
PORTER''S FIVE FORCES ANALYSIS OF THE GERMANY POCKET LIGHTER MARKET 36
-
GERMANY POCKET LIGHTER MARKET, PRODUCT TYPE, 2021 (% SHARE) 40
-
GERMANY POCKET LIGHTER MARKET, PRODUCT TYPE, 2020–2030 (USD MILLION) 40
-
GERMANY POCKET LIGHTER MARKET, BY GENDER, 2020–2030 (USD MILLION) 42
-
MILLION) 44
-
SHARE) 46
-
(USD MILLION) 46
-
(% SHARE) 48
-
(USD MILLION) 48
-
(% SHARE) 50
-
CHANNEL, 2020–2030 (USD MILLION) 50
-
SNAPSHOT 57
-
FINANCIAL OVERVIEW SNAPSHOT 61
-
XINHAI GROUP: SWOT ANALYSIS 66
-
EXECUTIVE SUMMARY
-
The Germany pocket lighter
-
market is projected to witness significant growth during the review period, exhibiting
-
a CAGR of 6.8%. The market was estimated to be USD 312.03 million in 2021 and is
-
expected to reach a value of USD 563.67 million by the end of the forecast period
-
A pocket lighter is generally used for igniting a cigarette and
-
occasionally for lighting other materials too. Several innovations and technologies
-
have managed to develop an easy-to-use and portable pocket lighter. Pocket lighters
-
are generally made up of plastic or metal bodies that are filled with flammable
-
gas such as Butane. They can also contain liquid substances such as Naphtha and
-
Charcoal for ignition. Some of the pocket lighters can also be charged by electricity
-
and contain an electric arc and heating element for the ignition. There are various
-
types of pocket lighter depending on the manufacturing process and type of raw materials
-
used such as electric lighters, flint lighter, flameless lighter, catalytic lighter,
-
match lighter, permanent matches, watertight fluid lighter, windproof lighter, double
-
flame burner lighter, brass lighter, and clippers.
-
Based on product, the Flint
-
Lighter segment accounted for the largest market share of 64.8% in 2021 and is expected
-
to exhibit a CAGR of 6.2% during the forecast period. It is followed by Electronic
-
Lighter segment which accounted for 35.2% market share in 2021. The increasing technological
-
advancement for the production of electronic lighters will drive growth for this
-
segment during the forecast period. For instance, manufacturers are offering digital
-
displays for catching consumers’ attention. Additionally, electronic lighters
-
are chargeable through USB and do not require fuel for filling, moreover, they are
-
much safer than others. Owing to this they are experiencing increasing demand.
-
Based on gender, the Men segment accounted for a market share of 59.0% in 2021.
-
Majorly men tend to consume different tobacco products such as cigarettes, cigars,
-
and bidi among others at higher rates than women. The repeated consumption of cigarettes
-
among men is increasing the demand for pocket lighters.
-
Based on the raw material,
-
the Butane segment accounted for a market share of 73.2% in 2021 and is expected
-
to exhibit a CAGR of 7.3% during the forecast period, as butane is a type of the
-
most commonly used propellant in the production of industrial and household aerosols.
-
The surging application of butane in various applications is driving growth.
-
Based on the packaging type, the Plastic segment accounted for a market share
-
of 62.1% in 2021 and is expected to exhibit a CAGR of 6.1% during the forecast period.
-
Lighters made from plastic are gaining high demand in the market, as these lighters
-
are economical, lightweight, durable, efficient, and reusable as well. Manufacturers
-
are producing disposable lighters which do not harm the environment. Moreover, plastic
-
lighters are easily available at tobacco shops and have fascinating designs which
-
drive the growth of this segment for the forecast period.
-
Based on the price
-
range, the Economical segment held the market share of 82.2% in 2021 and is anticipated
-
to exhibit a CAGR of 6.6% during the forecast years, as the economical pocket lighter
-
is made up of less expensive raw materials that also fulfill the requirements of
-
the consumers with less budget.
-
Source: MRFR Analysis
-
GERMANY POCKET LIGHTER MARKET, BY
-
PRODUCT TYPE
-
Source: MRFR Analysis
-
GERMANY POCKET LIGHTER MARKET,
-
BY GENDER
-
Source: MRFR Analysis
-
GERMANY POCKET LIGHTER MARKET, BY
-
RAW MATERIAL
-
Source: MRFR Analysis
-
GERMANY POCKET LIGHTER MARKET,
-
BY PACKAGING
-
Source: MRFR Analysis
-
GERMANY POCKET LIGHTER MARKET,
-
BY PRICE RANGE
-
Source: MRFR Analysis
-
GERMANY POCKET LIGHTER MARKET,
-
BY DISTRIBUTION CHANNEL
-
DISTRIBUTION CHANNEL
-
Source: MRFR Analysis
-
MARKET INTRODUCTION
-
DEFINITION
-
The pocket lighter was first invented by Frenchman
-
Henry Pingeot and was marketed by Marcel Quercia, in 1948. Just with the click of
-
fingers, the spark is produced which ignites the small amount of gas released. A
-
pocket lighter is generally used for cigars or cigarettes, owing to which it is
-
also called a cigar lighter or cigarette lighter. It is a small, portable lighter
-
containing fuel that produces a flame for lighting a cigarette. Most of the lighters
-
use piezo ignition, inside which there is a small hammer inside the lighter which
-
strikes a piezoelectric crystal for producing an electric spark that lights the
-
butane gas being uniformly released from the fuel tank. A pocket lighter can also
-
be used for lighting other materials.
-
SCOPE OF THE STUDY
-
The scope
-
of the Germany pocket lighter market study includes the market size analysis and
-
a detailed analysis of the manufacturers’ products and strategies. The market
-
has been segmented based on product type, gender, raw material, packaging, price
-
range, and distribution channel.
-
RESEARCH OBJECTIVE
-
To provide a
-
comprehensive analysis of the pocket lighter industry and its sub-segments in the
-
Germany market, thereby providing a detailed structure of the industry
-
To
-
provide detailed insights into factors driving and restraining the growth of the
-
Germany pocket lighter market
-
To estimate the market size of the Germany
-
pocket lighter market where 2020 would be the historical year, 2021 shall be the
-
base year, and 2022 to 2030 will be the forecast period for the study.
-
To
-
provide strategic profiling of key companies (manufacturers and distributors) present
-
across the country and comprehensively analyze their competitiveness/competitive landscape in this market.
-
To provide a distribution chain analysis/value
-
chain for the Germany pocket lighter market
-
MARKET STRUCTURE
-
Source: MRFR Analysis
-
RESEARCH METHODOLOGY
-
RESEARCH PROCESS
-
Market Research
-
Future analysis is based on interviews with industry experts who offer insight into
-
the market structure, market segmentation, technology assessment, competitive landscape
-
(CL), market penetration, and emerging trends. Besides primary interviews (~80%)
-
and secondary research (~20%), their analysis is based on years of professional
-
expertise in their respective industries. Our analysts also predict where the market
-
will be headed in the next five to 10 years by analyzing historical trends and the
-
current market position. Furthermore, the varying trends in segments and categories
-
in each region are studied and estimated based on primary and secondary research.
-
Source: MRFR Analysis
-
PRIMARY INTERVIEWS
-
Region Manufacturers Retailers Consumers Total Number
-
of Primary Interviews
-
Germany 45% 25% 50% 100
-
PRIMARY RESEARCH
-
Extensive primary research was conducted to gain a deeper insight into the market
-
and the industry''s performance. For this particular report, we have conducted primary
-
surveys (interviews) with the key-level executives (VPs, CEOs, marketing directors,
-
and business development managers, among others) of the major players active in
-
the market. In addition to analyzing the current and historical trends, our analysts
-
predict where the market is headed in the next five years.
-
SECONDARY RESEARCH
-
Secondary research was mainly used to collect and
-
identify information useful for an extensive, technical, market-oriented, and commercial
-
study of the Germany pocket lighter market. It was also used to obtain key information
-
about major players, market classification, and segmentation according to industry
-
trends, geographical markets, and developments related to the market and technology.
-
For this study, analysts have gathered information from various credible sources
-
such as annual reports, SEC filings, journals, white papers, corporate presentations,
-
company websites, international organizations of pocket lighter, manufacturers,
-
and paid databases.
-
MARKET SIZE ESTIMATION
-
Both
-
the top-down and bottom-up approaches were used to estimate and validate the size
-
of the market and to estimate the size of various other dependent sub-markets of
-
the overall pocket lighter market. The key players in the market were identified
-
through secondary research, and their market contributions in the respective regions
-
were determined through primary and secondary research. This entire procedure included
-
the study of the annual and financial reports of top market players and extensive
-
interviews for key insights with industry leaders such as CEOs, VPs, directors,
-
and marketing executives. All percentage shares, splits, and breakdowns were determined
-
using secondary sources and verified through primary sources. All the possible parameters
-
that affect the market have been covered in this research study have been accounted
-
for, viewed in extensive detail, verified through primary research, and analyzed
-
to arrive at the final quantitative and qualitative data. This data has been consolidated
-
and detailed inputs and analysis added by Market Research Future before being presented
-
in this report. The following figure is an illustrative representation of the overall
-
market size estimation process employed for the purpose of this study.
-
TOP-DOWN & BOTTOM-UP APPROACHES
-
Source: MRFR Analysis
-
FORECAST MODEL
-
Source: MRFR Analysis
-
LIST
-
OF ASSUMPTIONS & LIMITATIONS
-
Parameter Assumptions & Limitations
-
Currency Value All forecasts have
-
been made with the revenue and value calculated under the standard assumption that
-
the value of the Germany accepted currency, the US dollar, remains constant over
-
the next five years.
-
Exchange Rates and Currency For the conversion of various
-
currencies to USD, the average historical exchange rates have been used according
-
to the year specified. For all historical and current exchange rates required for
-
calculations and currency conversions, the OANDA website has been used in this research
-
study.
-
Conversion
-
Niche Market Segments For niche market segments where
-
accurate data of the respective timeline was not available, the data were calculated
-
using trend line analysis. In some instances, where mathematical and statistical
-
models could not be applied to arrive at the number, a generalization of specifically
-
related trends to that particular market has been made.
-
Qualitative Analysis
-
The qualitative analysis is arrived at from the quantitative data based on the understanding
-
of the market and its trends by the team of experts involved in making this report.
-
Average Selling Prices (ASP) The ASP, wherever applicable, was calculated using
-
suitable statistical and mathematical methods and considering external qualitative
-
factors affecting the price. All the calculations are interconnected based on the
-
finalized ASPs.
-
Source: MRFR Analysis
-
MARKET DYNAMICS
-
INTRODUCTION
-
The Germany pocket lighter market witnessed significant
-
growth over the last few years and is projected to register a CAGR of 6.8% during
-
the forecast period. The major drivers for pocket lighter are rapid product innovation
-
and the growing influence of the smoking population which has been rising day by
-
day. However, increased awareness of safety concerns while carrying pocket lighters
-
among consumers may limit growth. The product is expected to create lucrative growth
-
opportunities for players operating in the Germany pocket lighter market during
-
the forecast period, owing to the personalized utilization and growing fashion trend
-
among German consumers.
-
Source:
-
MRFR Analysis
-
DRIVERS
- NEW TECHNOLOGY & INNOVATION
-
OF POCKET LIGHTER TO ATTRACT MORE CONSUMERS
-
Pocket lighters are portable devices
-
that are commonly used by consumers globally. With its help, someone easily creates
-
a flame for igniting various materials. The convenience and versatility they offer
-
have made them a must-have item for smokers and outdoor enthusiasts alike. The German
-
pocket lighter market is no exception, and manufacturers are always looking for
-
new technology and innovations to attract more consumers. The German pocket lighter
-
market is being flourished by the ever-increasing demand from consumers. Owing to
-
the advanced technology and new concept of the designed lighter has gained popularity
-
among the users. One of the latest innovations in pocket lighter technology is the
-
electric pocket lighter. Unlike traditional flint lighters, electric pocket lighters
-
use a rechargeable battery to generate a small electric arc that ignites the fuel.
-
They are safer and more convenient than traditional lighters, as they do not require
-
fuel and can be easily recharged using a USB cable. Along with this, the development
-
by the key manufacturing players in the German market has presented lighters such
-
as vintage lighters, gas lighters, and adjustable flame power lighters. While new
-
technology is important, many consumers also appreciate the charm and history of
-
vintage lighters. Vintage lighters offer a unique aesthetic and are often seen as
-
personality development items. Additionally, some manufacturers have started to
-
create vintage-style lighters, which combine the appeal of vintage design with modern
-
technology. These lighters may feature electric ignition or adjustable flame power
-
while still maintaining a vintage look.
-
Moreover, the advanced technology has
-
helped the manufacturers to focus on the adjustable flame functions in the lighters
-
with the advanced digital display which shows the fuel level allowing users to know
-
when they need to refill their lighter. This added convenience and has a big selling
-
point for consumers. They offer a reliable ignition source and are easy to refill.
-
However, new advancements in gas lighter technology have made them even more appealing
-
to consumers. Adding to this, another recent innovation in pocket lighter technology
-
is the ability to adjust the flame power. This allows users to control the size
-
of the flame, which can help to light different types of objects. For example, a
-
smaller flame may be more appropriate for lighting a cigarette, while a larger flame
-
may be needed for lighting a campfire. Lighters with adjustable flame power are
-
becoming increasingly popular in the German market.
-
Furthermore, clinical studies
-
and surveys have shown that these innovations are indeed attracting more consumers
-
to pocket lighters. For example, a survey conducted by Mintel found that 57% of
-
adults in the US use pocket lighters, with 36% using them daily. Additionally, 27%
-
of survey respondents said they would be willing to pay more for a pocket lighter
-
with added features such as a child-resistant mechanism or improved fuel efficiency.
-
Pocket lighters have been around for over a century, with few significant changes
-
in design and functionality. However, in recent years, new technologies and innovations
-
have emerged to make pocket lighters more appealing to a wider range of consumers.
-
These innovations range from new materials and designs to added features such as
-
safety mechanisms and improved fuel efficiency.
-
THE RISING NUMBER OF
-
SMOKING POPULATIONS COUPLED WITH THE INCREASING DISPOSABLE INCOME ENLARGES THE MARKET
-
GROWTH
-
Smoking is a common habit among many people around the world, and it
-
has been linked to various health problems. However, the number of people smoking
-
is still increasing, especially in developing countries, despite the efforts of
-
health organizations to reduce the number of smokers. The Germany Pocket Lighter
-
Market has seen an increase in demand in recent years due to the rising number of
-
smokers coupled with the increasing disposable income of consumers. Additionally,
-
another reason for the growth of the Germany Pocket Lighter Market is the increased
-
use of tobacco in various forms. In addition to traditional cigarettes, consumers
-
are increasingly using other tobacco products such as e-cigarettes, vapes, and hookahs.
-
This has led to a rise in demand for pocket lighters as these products require heat
-
to function.
-
Moreover, despite these risks, smoking remains popular among
-
many people, and the number of smokers is expected to continue rising in the coming
-
years. This trend is expected to continue driving the growth of the Germany Pocket
-
Lighter Market as more people take up smoking. The social acceptability of smoking
-
has also played a role in the rising number of smokers in Germany. While smoking
-
was once seen as a glamorous and sophisticated habit, it is now widely recognized
-
as a health hazard from the consumer''s perspective.
-
According to a survey
-
conducted by the German Federal Ministry of Health in 2019, approximately 22% of
-
Germans aged 15 and above were smokers, which represents an increase from the previous
-
year''s 20.8%. Furthermore, the survey revealed that smoking rates were higher among
-
men (24.5%) than women (19.4%). This trend is expected to continue in the coming
-
years as more people take up smoking due to stress, socialization, and other reasons.
-
In addition to the rising number of smokers, increasing disposable income among
-
consumers is also a major factor driving the growth of the Germany pocket lighter
-
market. The primary scenario in the country has witnessed the per capita income
-
of citizens has risen. For Instance, According to Trading Economics, disposable
-
income in Germany increased to 1875.9 EUR in the fourth quarter of 2021, representing
-
a 2.1% increase from the previous year. In conclusion, the Germany Pocket Lighter
-
Market is expected to continue growing in the coming years due to the rising number
-
of smokers and increasing disposable income among consumers.
-
DRIVERS
-
IMPACT ANALYSIS
-
Source: MRFR Analysis
-
RESTRAINT
- INCREASED
-
RAW MATERIAL COSTS TO AFFECT THE GROWTH OF THE PRODUCT
-
The Germany Pocket Lighter
-
market has been facing significant challenges due to increasing raw material costs.
-
This has increased the price of the final product, leading to a decrease in consumer
-
demand. One of the primary reasons for the increase in raw material costs is the
-
rise in the prices of crude oil, which is the primary source of fuel for the production
-
of plastic products, including lighters. The impact of increased raw material costs
-
on the Germany Pocket Lighter market has been significant.
-
One of the primary
-
reasons for the increase in raw material costs is the rise in the prices of crude
-
oil, which is the primary source of fuel for the production of plastic products,
-
including lighters. For instance, according to the International Energy Agency (IEA),
-
the average crude oil price per barrel increased from $66.20 in 2021 to $80.90 in
-
This has increased the cost of raw materials used for the production of pocket
-
lighters. The Germany Pocket Lighter market is facing significant challenges due
-
to the increase in raw material costs. The rise in crude oil prices, as well as
-
the increase in the cost of other raw materials, has impacted the production costs
-
of pocket lighters, leading to an increase in their prices.
-
Moreover, apart
-
from the increase in crude oil prices, several other factors have led to an increase
-
in the cost of raw materials for pocket lighters. One of the key factors is the
-
global shortage of raw materials, which has been caused by disruptions in supply
-
chains due to the COVID-19 pandemic.
-
The increased raw material costs for
-
the Germany Pocket Lighter market have been driven by several factors, including
-
the global shortage of raw materials, increased competition for raw materials, rising
-
energy and labor costs, and disruptions in supply chains due to the COVID-19 pandemic
-
which may restrain the overall growth of the market.
-
HIKED FUEL PRICES
-
TO AFFECT THE MOMENTUM POCKET LIGHTERS GROWTH
-
The German pocket lighter market
-
has been experiencing a significant increase in fuel prices in recent years. This
-
rise in prices has been driven by a variety of factors, including increased demand
-
for fuel, supply chain disruptions, and geopolitical instability. Additionally,
-
the ever-increasing cost of fuel has ultimately impacted the increased production
-
costs of the product. Due to the hiked fuel prices in the pocket lighter market,
-
manufacturers are exploring alternative fuel sources. One example is the use of
-
butane-free fuel, which is derived from renewable sources and produces fewer emissions
-
than traditional butane fuel. Some manufacturers are also exploring the use of electric
-
pocket lighters, which can be charged using a USB port and do not require any fuel
-
at all.
-
Furthermore, manufacturers are facing increased production costs, which
-
are being passed on to consumers through higher prices. The rise in fuel prices
-
has also harmed public health and has led to a shift in consumer behavior. Manufacturers
-
are now exploring alternative fuel sources, such as butane-free fuel and electric
-
pocket lighters, to address the issue of hiked fuel prices. Thus, the rising cost
-
of fuel in Germany has had a significant impact on the pocket lighter market. For,
-
Instance, according to a recent study, the average price of gasoline in Germany
-
increased from 1.3 euros per liter in 2017 to 1.55 euros per liter in 2021. This
-
represents an increase of over 19% in just four years. The rising cost of fuel has
-
had a direct impact on the pocket lighter market, as fuel is a crucial component
-
in the manufacturing process of pocket lighters. Pocket lighter manufacturers are
-
now facing increased production costs, which are being passed on to consumers through
-
higher prices.
-
RESTRAINTS IMPACT ANALYSIS
-
RESTRAINTS IMPACT ANALYSIS: GERMANY POCKET LIGHTER MARKET
-
Source: MRFR
-
Analysis
-
OPPORTUNITY
