Tiki Torch Market Outlook, Size, Share, Trends, Demand, Report 2023-2028

The latest report published by IMARC Group, titled "Tiki Torch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on tiki torch market size. The report also includes competitor and regional analysis, and contemporary advancements in the global 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.

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Tiki torches are outdoor lighting solutions widely recognized for their distinctive design and functional versatility. These torches, often fueled by oil, are designed to emit light and sometimes heat and are primarily used in outdoor settings such as gardens, patios, and during outdoor events. Tiki torches come in various types, including traditional bamboo, modern metal, and solar-powered versions. Key aspects defining these torches include their ease of installation, portability, and the ambient atmosphere they create. The advantages of tiki torches encompass their effectiveness in providing outdoor lighting, enhancing aesthetic appeal, and, in some cases, repelling insects. Their functionality extends beyond mere illumination, as they also serve as decorative elements, contributing to a pleasant and inviting outdoor ambiance.

Market Trends:

The global market is experiencing significant growth, driven by the increasing consumer interest in outdoor and garden aesthetics, as homeowners seek to enhance their outdoor living spaces. This trend is further bolstered by the rising popularity of home gardening and DIY landscaping projects. Additionally, the market is also benefiting from the growing hospitality sector, where they are extensively used in resorts, restaurants, and beachside properties for creating a warm and exotic ambiance. Along with this, advancements in product design, such as the integration of solar-powered and LED technology, are making tiki torches more energy-efficient and environmentally friendly, appealing to a broader consumer base. In addition, the expansion of e-commerce platforms has also facilitated easy accessibility and wider distribution of these products, further propelling market growth. Moreover, manufacturers are focusing on durable and weather-resistant materials, expanding the product's lifespan and functionality, thus catering to the increasing demand for high-quality and long-lasting outdoor decor items.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Blombus GmbH
• Deco Window
• Fire Fly Fuels Inc.
• Focus Industries Inc
• H Potter
• Lamplight Farms Incorporated

Tiki Torch Market Segmentation:

Our report has categorized the market based on region, product, placement, and size.

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)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.