The global demand for Tiki Torch Market is presumed to reach the market size of nearly USD 1105.08 MN by 2030 from USD 562.81 MN in 2022 with a CAGR of 8.8% under the study period 2023 - 2030.
A tiki torch is a type of outdoor lighting fixture that is commonly used in tropical and beach-themed settings. It typically consists of a bamboo or wooden pole with a container at the top that holds flammable oil or fuel. The oil is then lit with a flame to produce a warm, flickering light that adds ambience and atmosphere to outdoor spaces. Tiki torches are often associated with outdoor gatherings and events, such as backyard barbecues, luau parties, and beach weddings. They come in different sizes and designs and can be used to create a range of lighting effects, from subtle accent lighting to bright, vibrant illumination.
With more people spending time outdoors, there is an increasing demand for outdoor lighting fixtures such as tiki torches that provide both ambience and functionality. This trend is expected to continue driving growth in the tiki torch market. The trend towards outdoor entertaining has led to increased demand for tiki torches as a decorative and functional lighting option for patios, decks, and outdoor living spaces. The popularity of tropical and beach-themed decor has contributed to the growing demand for tiki torches, which are often associated with these styles. Consumers are increasingly looking for eco-friendly and sustainable options, and some tiki torch manufacturers are responding by offering products made from sustainable materials and with environmentally friendly fuel sources. The tourism and hospitality industries, particularly in tropical and beach destinations, are driving demand for tiki torches as a way to enhance the ambience of outdoor spaces for guests. The tiki torch market offers a wide range of styles and designs which helps to drive sales and appeal to a broad range of consumers.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of tiki torch. The growth and trends of tiki torch industry provide a holistic approach to this study.
This section of the tiki torch market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Conventional Fuel Tiki Torch
- Bug Repellant Fuel Tiki Torch
- 32 Inch
- 40 Inch
- 42 Inch
- 55 Inch
- Above 60 Inch
This section covers the regional outlook, which accentuates current and future demand for the Tiki Torch market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Tiki Torch Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the tiki torch market include LAMPLIGHT FARMS INC., Fire Fly Fuels, Inc., Burnaby Manufacturing Ltd, Blomus, Desert Steel, H POTTER, Mayo Hardware Pty Ltd, Focus Industries Inc, BOBÉ WATER & FIRE FEATURES, DECOWINDOW. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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