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Germany Pocket Lighters Market Research Report Information By Product Type (Flint lighter, Electronic Lighter), Gender (Men, Women), By raw Material (Naphtha, Butane), By Packaging (Plastic, Metal), By Price Range (Economical, Premium), By Distribution Channel (Supermarket & Hypermarkets, Convenience store, Specialty Stores, Online) - Forecast Till 2032


ID: MRFR/CR/20167-CR | 128 Pages | Author: Varsha More| April 2024

Germany Pocket Lighters Market Segmentation

Germany Pocket Lighters Product Type Outlook (USD Million, 2018-2030)

  • Flint Lighter
  • Electronic Lighter

Germany Pocket Lighters Gender Outlook (USD Million, 2018-2030)

  • Men
  • Women

Germany Pocket Lighters Raw Material Outlook (USD Million, 2018-2030)

  • Naphtha
  • Butane

Germany Pocket Lighters Packaging Outlook (USD Million, 2018-2030)

  • Plastic
  • Metal

Germany Pocket Lighters Price Range Outlook (USD Million, 2018-2030)

  • Economical
  • Premium

Germany Pocket Lighters Price Range Outlook (USD Million, 2018-2030)

  • Supermarkets & Hypermarkets
  • Convenience Store
  • Specialty Stores
  • Online
  • Others

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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 11

1.1.1 GERMANY POCKET LIGHTER MARKET, BY PRODUCT TYPE 13

1.1.2 GERMANY POCKET LIGHTER MARKET, BY GENDER 14

1.1.3 GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL 15

1.1.4 GERMANY POCKET LIGHTER MARKET, BY PACKAGING 16

1.1.5 GERMANY POCKET LIGHTER MARKET, BY PRICE RANGE 17

1.1.6 GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL 18

2 MARKET INTRODUCTION 19

2.1 DEFINITION 19

2.2 SCOPE OF THE STUDY 19

2.3 RESEARCH OBJECTIVE 19

2.4 MARKET STRUCTURE 20

3 RESEARCH METHODOLOGY 21

3.1 RESEARCH PROCESS 21

3.2 PRIMARY RESEARCH 22

3.3 SECONDARY RESEARCH 23

3.4 MARKET SIZE ESTIMATION 24

3.5 FORECAST MODEL 25

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 26

4 MARKET DYNAMICS 27

4.1 INTRODUCTION 27

4.2 DRIVERS 28

4.2.1 NEW TECHNOLOGY & INNOVATION OF POCKET LIGHTER TO ATTRACT MORE CONSUMERS 28

4.2.2 THE RISING NUMBER OF SMOKING POPULATIONS COUPLED WITH THE INCREASING DISPOSABLE INCOME ENLARGES THE MARKET GROWTH 28

4.2.3 DRIVERS IMPACT ANALYSIS 29

4.3 RESTRAINT 30

4.3.1 INCREASED RAW MATERIAL COSTS TO AFFECT THE GROWTH OF THE PRODUCT 30

4.3.2 HIKED FUEL PRICES TO AFFECT THE MOMENTUM POCKET LIGHTERS GROWTH 30

4.3.3 RESTRAINTS IMPACT ANALYSIS 31

4.4 OPPORTUNITY 31

4.4.1 INCREASED TREND OF GIFTING & USING FASHIONABLE LIGHTERS TO ENHANCE THE PRODUCT GROWTH 31

4.5 CHALLENGE 32

4.5.1 SAFETY CONCERNS REGARDING USING POCKET LIGHTERS TO HINDER THE GROWTH 32

5 MARKET FACTOR ANALYSIS 33

5.1 VALUE CHAIN ANALYSIS 33

5.1.1 RAW MATERIALS 34

5.1.2 PROCESSING 34

5.1.2.1 CASING PRODUCTION 34

5.1.2.2 FLINT AND WICK PRODUCTION: 34

5.1.2.3 ASSEMBLY: 34

5.1.2.4 TESTING: 34

5.1.2.5 PACKAGING: 34

5.2 SUPPLY CHAIN ANALYSIS 35

5.3 PORTER'S FIVE FORCES MODEL 36

5.3.1 THREAT OF NEW ENTRANTS 36

5.3.2 BARGAINING POWER OF SUPPLIERS 37

5.3.3 BARGAINING POWER OF BUYERS 37

5.3.4 THREAT OF SUBSTITUTES 37

5.3.5 INTENSITY OF RIVALRY 37

5.4 IMPACT OF THE COVID-19 OUTBREAK ON THE GERMANY POCKET LIGHTER MARKET 38

5.4.1 IMPACT ON PRODUCTION 38

5.4.2 IMPACT ON SUPPLY CHAIN 38

5.4.3 IMPACT ON CONSUMER BUYING BEHAVIOR 38

5.4.4 IMPACT ON PRICING 39

6 GERMANY POCKET LIGHTER MARKET, PRODUCT TYPE 40

6.1 OVERVIEW 40

6.1.1 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, PRODUCT TYPE, 2020–2030 41

6.2 FLINT LIGHTER 41

6.3 ELECTRONIC LIGHTER 41

7 GERMANY POCKET LIGHTER MARKET, BY GENDER 42

7.1 OVERVIEW 42

7.1.1 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY GENDER, 2020–2030 43

7.2 MEN 43

7.3 WOMEN 43

8 GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL 44

8.1 OVERVIEW 44

8.1.1 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2030 45

8.2 NAPHTHA 45

8.3 BUTANE 45

9 GERMANY POCKET LIGHTER MARKET, BY PACKAGING 46

9.1 OVERVIEW 46

9.1.1 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY PACKAGING, 2020–2030 47

9.2 PLASTIC 47

9.3 METAL 47

10 GERMANY POCKET LIGHTER MARKET, BY PRICE RANGE 48

10.1 OVERVIEW 48

10.1.1 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY PRICE RANGE, 2020–2030 49

10.2 ECONOMICAL 49

10.3 PREMIUM 49

11 GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL 50

11.1 OVERVIEW 50

11.1.1 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020–2030 51

11.2 SUPERMARKETS & HYPERMARKETS 51

11.3 CONVENIENCE STORE 51

11.4 SPECIALTY STORES 51

11.5 ONLINE 51

11.6 OTHERS 52

12 COMPETITIVE LANDSCAPE 53

12.1 INTRODUCTION 53

12.1.1 MARKET STRATEGY ANALYSIS 53

12.2 COMPETITIVE BENCHMARKING 54

12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 55

12.3.1 PRODUCT LAUNCH 55

13 COMPANY PROFILES 56

13.1 BIC SA 56

13.1.1 COMPANY OVERVIEW 56

13.1.2 FINANCIAL OVERVIEW 57

13.1.3 PRODUCTS OFFERED 58

13.1.4 KEY DEVELOPMENTS 58

13.1.5 SWOT ANALYSIS 59

13.1.6 KEY STRATEGIES 59

13.2 S.T. DUPONT 60

13.2.1 COMPANY OVERVIEW 60

13.2.2 FINANCIAL OVERVIEW 61

13.2.3 PRODUCTS OFFERED 62

13.2.4 KEY DEVELOPMENTS 62

13.2.5 SWOT ANALYSIS 63

13.2.6 KEY STRATEGIES 63

13.3 XINHAI GROUP 64

13.3.1 COMPANY OVERVIEW 64

13.3.2 FINANCIAL OVERVIEW 64

13.3.3 PRODUCTS OFFERED 64

13.3.4 KEY DEVELOPMENTS 66

13.3.5 SWOT ANALYSIS 66

13.3.6 KEY STRATEGIES 66

13.4 ZIPPO GMBH 67

13.4.1 COMPANY OVERVIEW 67

13.4.2 FINANCIAL OVERVIEW 67

13.4.3 PRODUCTS OFFERED 67

13.4.4 KEY DEVELOPMENTS 69

13.4.5 SWOT ANALYSIS 69

13.4.6 KEY STRATEGIES 69

13.5 IMCORONA 71

13.5.1 COMPANY OVERVIEW 71

13.5.2 FINANCIAL OVERVIEW 71

13.5.3 PRODUCTS OFFERED 71

13.5.4 KEY DEVELOPMENTS 73

13.5.5 SWOT ANALYSIS 74

13.5.6 KEY STRATEGIES 74

13.6 TOKAI 75

13.6.1 COMPANY OVERVIEW 75

13.6.2 FINANCIAL OVERVIEW 75

13.6.3 PRODUCTS OFFERED 75

13.6.4 KEY DEVELOPMENTS 76

13.6.5 SWOT ANALYSIS 76

13.6.6 KEY STRATEGIES 76

13.7 LIGHTERBRO LLC 77

13.7.1 COMPANY OVERVIEW 77

13.7.2 FINANCIAL OVERVIEW 77

13.7.3 PRODUCTS OFFERED 77

13.7.4 KEY DEVELOPMENTS 78

13.7.5 KEY STRATEGIES 78

13.8 GERMANUS 79

13.8.1 COMPANY OVERVIEW 79

13.8.2 FINANCIAL OVERVIEW 79

13.8.3 PRODUCTS OFFERED 79

13.8.4 KEY DEVELOPMENTS 79

13.8.5 KEY STRATEGIES 79

13.9 BOOMEX GMBH 80

13.9.1 COMPANY OVERVIEW 80

13.9.2 FINANCIAL OVERVIEW 80

13.9.3 PRODUCTS OFFERED 80

13.9.4 KEY DEVELOPMENTS 80

13.9.5 KEY STRATEGIES 80

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 22

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 26

TABLE 3 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, PRODUCT TYPE, 2020–2030 (USD MILLION) 41

TABLE 4 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY GENDER, 2020–2030 (USD MILLION) 43

TABLE 5 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY RAW MATERIAL, 2020–2030 (USD MILLION) 45

TABLE 6 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY PACKAGING, 2020–2030 (USD MILLION) 47

TABLE 7 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY PRICE RANGE, 2020–2030 (USD MILLION) 49

TABLE 8 GERMANY POCKET LIGHTER MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020–2030 (USD MILLION) 51

TABLE 9 PRODUCT LAUNCH 55

TABLE 10 C: PRODUCTS OFFERED 58

TABLE 11 BIC SA: KEY DEVELOPMENTS 58

TABLE 12 S.T. DUPONT: PRODUCTS OFFERED 62

TABLE 13 XINHAI GROUP.: PRODUCTS OFFERED 64

TABLE 14 ZIPPO GMBH : PRODUCTS OFFERED 67

TABLE 15 IMCORONA: PRODUCTS OFFERED 71

TABLE 16 IMCORONA: KEY DEVELOPMENTS 73

TABLE 17 TOKAI: PRODUCTS OFFERED 75

TABLE 18 LIGHTERBRO LLC.: PRODUCTS OFFERED 77

TABLE 19 GERMANUS: PRODUCTS OFFERED 79

TABLE 20 BOOMEX GMBH: PRODUCTS OFFERED 80

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 12

FIGURE 2 GERMANY POCKET LIGHTER MARKET ANALYSIS BY PRODUCT TYPE 13

FIGURE 3 GERMANY POCKET LIGHTER MARKET ANALYSIS BY GENDER 14

FIGURE 4 GERMANY POCKET LIGHTER MARKET ANALYSIS BY RAW MATERIAL 15

FIGURE 5 GERMANY POCKET LIGHTER MARKET ANALYSIS BY PACKAGING 16

FIGURE 6 GERMANY POCKET LIGHTER MARKET ANALYSIS BY PRICE RANGE 17

FIGURE 7 GERMANY POCKET LIGHTER MARKET ANALYSIS BY DISTRIBUTION CHANNEL 18

FIGURE 8 GERMANY POCKET LIGHTER MARKET: STRUCTURE 20

FIGURE 9 RESEARCH PROCESS 21

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 24

FIGURE 11 MARKET DYNAMICS OVERVIEW 27

FIGURE 12 DRIVERS IMPACT ANALYSIS: GERMANY POCKET LIGHTER MARKET 29

FIGURE 13 RESTRAINTS IMPACT ANALYSIS: GERMANY POCKET LIGHTER MARKET 31

FIGURE 14 GERMANY POCKET LIGHTER MARKET: VALUE CHAIN OF POCKET LIGHTER 33

FIGURE 15 GERMANY POCKET LIGHTER MARKET: SUPPLY CHAIN ANALYSIS 35

FIGURE 16 PORTER'S FIVE FORCES ANALYSIS OF THE GERMANY POCKET LIGHTER MARKET 36

FIGURE 17 GERMANY POCKET LIGHTER MARKET, PRODUCT TYPE, 2021 (% SHARE) 40

FIGURE 18 GERMANY POCKET LIGHTER MARKET, PRODUCT TYPE, 2020–2030 (USD MILLION) 40

FIGURE 19 GERMANY POCKET LIGHTER MARKET, BY GENDER, 2021 (% SHARE) 42

FIGURE 20 GERMANY POCKET LIGHTER MARKET, BY GENDER, 2020–2030 (USD MILLION) 42

FIGURE 21 GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL, 2021 (% SHARE) 44

FIGURE 22 GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL, 2020–2030 (USD MILLION) 44

FIGURE 23 GERMANY POCKET LIGHTER MARKET, BY PACKAGING, 2021 (% SHARE) 46

FIGURE 24 GERMANY POCKET LIGHTER MARKET, BY PACKAGING, 2020–2030 (USD MILLION) 46

FIGURE 25 GERMANY POCKET LIGHTER MARKET, BY PRICE RANGE, 2021 (% SHARE) 48

FIGURE 26 GERMANY POCKET LIGHTER MARKET, BY PRICE RANGE, 2020–2030 (USD MILLION) 48

FIGURE 27 GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL, 2021 (% SHARE) 50

FIGURE 28 GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 (USD MILLION) 50

FIGURE 29 BIC SA: FINANCIAL OVERVIEW SNAPSHOT 57

FIGURE 30 BIC SA: SWOT ANALYSIS 59

FIGURE 31 S.T. DUPONT: FINANCIAL OVERVIEW SNAPSHOT 61

FIGURE 32 S.T. DUPONT: SWOT ANALYSIS 63

FIGURE 33 XINHAI GROUP: SWOT ANALYSIS 66

FIGURE 34 ZIPPO GMBH: SWOT ANALYSIS 69

FIGURE 35 IMCORONA: SWOT ANALYSIS 74

FIGURE 36 TOKAI: SWOT ANALYSIS 76

1 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 (2022-2030).

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.

FIGURE 1 MARKET SYNOPSIS

Source: MRFR Analysis

1.1.1 GERMANY POCKET LIGHTER MARKET, BY PRODUCT TYPE

FIGURE 2 GERMANY POCKET LIGHTER MARKET ANALYSIS BY PRODUCT TYPE

Source: MRFR Analysis

1.1.2 GERMANY POCKET LIGHTER MARKET, BY GENDER

FIGURE 3 GERMANY POCKET LIGHTER MARKET ANALYSIS BY GENDER

Source: MRFR Analysis

1.1.3 GERMANY POCKET LIGHTER MARKET, BY RAW MATERIAL

FIGURE 4 GERMANY POCKET LIGHTER MARKET ANALYSIS BY RAW MATERIAL

Source: MRFR Analysis

1.1.4 GERMANY POCKET LIGHTER MARKET, BY PACKAGING

FIGURE 5 GERMANY POCKET LIGHTER MARKET ANALYSIS BY PACKAGING

Source: MRFR Analysis

1.1.5 GERMANY POCKET LIGHTER MARKET, BY PRICE RANGE

FIGURE 6 GERMANY POCKET LIGHTER MARKET ANALYSIS BY PRICE RANGE

Source: MRFR Analysis

1.1.6 GERMANY POCKET LIGHTER MARKET, BY DISTRIBUTION CHANNEL

FIGURE 7 GERMANY POCKET LIGHTER MARKET ANALYSIS BY DISTRIBUTION CHANNEL

Source: MRFR Analysis

2 MARKET INTRODUCTION

2.1 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.

2.2 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.

2.3 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

2.4 MARKET STRUCTURE

FIGURE 8 GERMANY POCKET LIGHTER MARKET: STRUCTURE

Source: MRFR Analysis

3 RESEARCH METHODOLOGY

3.1 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.

FIGURE 9 RESEARCH PROCESS

Source: MRFR Analysis

TABLE 1 PRIMARY INTERVIEWS

Region Manufacturers Retailers Consumers Total Number of Primary Interviews

Germany 45% 25% 50% 100

3.2 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.

3.3 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.

3.4 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.

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES

Source: MRFR Analysis

3.5 FORECAST MODEL

Source: MRFR Analysis

3.6 LIST OF ASSUMPTIONS & LIMITATIONS

TABLE 2 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

4 MARKET DYNAMICS

4.1 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.

FIGURE 11 MARKET DYNAMICS OVERVIEW

Source: MRFR Analysis

4.2 DRIVERS

4.2.1 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.

4.2.2 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.

4.2.3 DRIVERS IMPACT ANALYSIS

FIGURE 12 DRIVERS IMPACT ANALYSIS: GERMANY POCKET LIGHTER MARKET

Source: MRFR Analysis

4.3 RESTRAINT

4.3.1 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 2022. 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.

4.3.2 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.

4.3.3 RESTRAINTS IMPACT ANALYSIS

FIGURE 13 RESTRAINTS IMPACT ANALYSIS: GERMANY POCKET LIGHTER MARKET

Source: MRFR Analysis

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