IMARC Group's latest research report, titled "Tiki Torch Market Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global tiki torch market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global tiki torch market size reached US$ 478 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 712 Million by 2028, exhibiting a growth rate (CAGR) of 7.0% during 2023-2028.
Tiki Torch Market Market Overview:
A tiki torch is an outdoor lighting solution, traditionally made from bamboo, but also available in metal and other materials. These torches use a wick soaked in flammable fluid, often citronella oil, for illumination and are generally planted into the ground for stability. The wick, once ignited, produces a flame that can serve both aesthetic and functional purposes. In addition to providing light, tiki torches can also act as mosquito repellents when filled with citronella oil, offering a dual advantage for outdoor settings. They are most commonly used in gardens, patios, and during outdoor events to create ambient lighting and deter insects.
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Tiki Torch Market Market Trends:
The global market is primarily driven by the rising popularity of outdoor living spaces and home garden makeovers. In line with this, consumer demand for aesthetically pleasing yet functional outdoor decor is giving a push to the market. Moreover, the prevalence of DIY home improvement projects is acting as a growth-inducing factor. In addition to this, the availability of tiki torches in a variety of materials, designs, and price points is appealing to a broader consumer base. Besides this, the utility of tiki torches in repelling insects is creating an added incentive for purchase.
Also, the surge in online retail platforms offering home and garden products is positively influencing the market. The market is further propelled by seasonal spikes in demand, particularly during the summer and festive seasons. Apart from this, the trend of hosting outdoor events and parties is enhancing market growth. Some other factors contributing to market expansion include consumer desire for eco-friendly options, innovations in tiki torch technology, and the increasing consumer focus on outdoor aesthetics and comfort.
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Key Market Segmentation:
Competitive Landscape with Key Players:
- Blombus GmbH
- Deco Window
- Fire Fly Fuels Inc.
- Focus Industries Inc
- H Potter
- Lamplight Farms Incorporated
Breakup by Product:
- Conventional Fuel Tiki Torch
- Bug Repellant Fuel Tiki Torch
Breakup by Placement:
- Hanging
- Standing
- Tabletop
Breakup by Size:
- 32 Inch
- 40 Inch
- 42 Inch
- 55 Inch
- Above 60 Inch
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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