Tiki Torch Market Anticipated to Reach US$ 469.6 Million by 2029 with Surge in Demand for Premium and Unique Products
The Global Tiki Torch Market, an integral part of outdoor decor, reported a value of USD 469.6 Million in 2023, expecting a 7.6% CAGR during 2025-2029, according to TechSci Research. Fueled by shifting consumer preferences and technological advancements, the market has seen remarkable growth. Factors such as increased outdoor activities, a focus on aesthetic outdoor decor, and the introduction of innovative products have driven revenue growth and market share, underpinned by a surge in outdoor entertaining, a demand for sustainable solutions, and the integration of smart technologies.Browse Report@
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The Tiki torch market appeals to a diverse consumer base, ranging from homeowners aiming to spruce up their outdoor spaces to event planners seeking decorative accents for outdoor events. This market caters to both residential and commercial sectors, offering versatile, stylish, and functional outdoor lighting solutions. Fueled by increased outdoor activities, a growing emphasis on aesthetic outdoor decor, and the introduction of innovative products, the Tiki torch market has witnessed significant growth. Factors such as the rising demand for outdoor entertaining, the preference for sustainable solutions, and the integration of smart technologies have all played roles in driving market expansion.
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In 2023, the global Tiki Torch market is categorized by type, placement, size, and region.
In terms of type, the bug repellant fuel segment dominated sales. These torches have gained popularity due to their ability to repel insects, typically containing essential oils like cedar, eucalyptus, and citronella. Sales of bug repellent torches are expected to rise further due to heightened health consciousness among modern customers.
Regionally, North America held a significant market share, with these products becoming increasingly popular in the region. They are commonly found in beachside eateries across the Pacific islands, as well as at family gatherings and poolside cabanas. In North America, bug-repellent products are expected to experience the fastest growth rate. Many manufacturers offer natural insect repellents suitable for indoor and outdoor use, targeting mosquitoes and other pests.
Unlock Essential Insights: Discover the Key Takeaways for Actionable Information!
• Tiki Torch Market is expected to grow at a CAGR of 7.6% during the forecast period.
• Tiki Torch Market has a valuation of US$ 469.6 Million as of 2029.
• North America currently holds the title of the largest Market for hot sauce.
• Online sales channels provide a diverse array of options, allowing customers to explore and compare tiki torch.
• In terms of type, the cages segment claims the top spot in Tiki Torch Market share.
• When considering the sales channel, the portable conventional fuel tiki torch retailers segment takes the lead in Market share.
• Focusing on the price range, the premium segment secures the highest Market share in the Tiki Torch Market.
Competitive Landscape
Tech Sci Research provides customizable Tiki Torch market reports tailored to individual company requirements. Customization options include:
Recent Developments
• In 2022, Patio Essentials, a U.S.-based outdoor lighting and candle manufacturer, introduced Nature's Flame Torch fuel, a petroleum-free alternative designed for tiki torches. This 100% plant-based formula offers a cleaner and less smoky burn compared to traditional fuels. Featuring a non-toxic formula, it includes an EZ fill cap to minimize splashing and spills during pouring.
Major companies operating in Global Cosmetic Products Market are:
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
Market Segmentation for Tiki Torch Market:
• Tiki Torch Market, By Type:
o Conventional Fuel Tiki Torch
o Bug Repellant Fuel Tiki torch
• Tiki Torch Market, By Placement:
o Hanging
o Standing
o Tabletop
• Tiki Torch Market, By Size:
o 32 Inch
o 40 Inch
o 42 Inch
o 55 Inch
o Above 60 Inch
• Tiki Torch Market, By Region:
o North America
United States
Canada
Mexico
o Europe
France
United Kingdom
Italy
Germany
Spain
o Asia-Pacific
China
India
Japan
Australia
South Korea
o South America
Brazil
Argentina
Colombia
o Middle East & Africa
South Africa
Saudi Arabia
UAE
Turkey
Egypt
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Table of Content
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decisions
4.3. Challenges Faced
5. Global Tiki Torch Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type Market Share Analysis (Conventional Fuel Tiki Torch, Bug Repellant Fuel Tiki torch)
5.2.2. By Placement Market Share Analysis (Hanging, Standing, Tabletop)
5.2.3. By Size Market Share Analysis (32 Inch, 40 Inch, 42 Inch, 55 Inch, Above 60 Inch)
5.2.4. By Regional Market Share Analysis
5.2.4.1. North America Market Share Analysis
5.2.4.2. South America Market Share Analysis
5.2.4.3. Middle East & Africa Market Share Analysis
5.2.4.4. Europe Tourism Market Share Analysis
5.2.4.5. Asia-Pacific Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2023)
5.3. Global Tiki Torch Market Mapping & Opportunity Assessment
5.3.1. By Type Market Mapping & Opportunity Assessment
5.3.2. By Placement Market Mapping & Opportunity Assessment
5.3.3. By Size Market Mapping & Opportunity Assessment
5.3.4. By Region Channel Market Mapping & Opportunity Assessment
6. North America Tiki Torch Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type Market Share Analysis
6.2.2. By Placement Market Share Analysis
6.2.3. By Size Market Share Analysis
6.3. North America: Country Analysis
6.3.1. United States Tiki Torch Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type Market Share Analysis
6.3.1.2.2. By Placement Market Share Analysis
6.3.1.2.3. By Size Market Share Analysis
6.3.2. Canada Tiki Torch Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type Market Share Analysis
6.3.2.2.2. By Placement Market Share Analysis
6.3.2.2.3. By Size Market Share Analysis
6.3.3. Mexico Tiki Torch Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type Market Share Analysis
6.3.3.2.2. By Placement Market Share Analysis
6.3.3.2.3. By Size Market Share Analysis
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Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com
About TechSci Research:
TechSci Research is a management consulting firm centered on research, offering global Market research and advisory solutions across various industries. The core principles guiding TechSci Research are value, integrity, and insight. With a team of dynamic industry experts at the helm, TechSci Research delivers high-value Market research and advisory services to clients worldwide. These services aid in identifying new Market opportunities, growth strategies, and innovative approaches to secure Market share. Consequently, TechSci's clients are positioned as leaders, pioneering Market trends rather than merely following them.
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