Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Tiki Torch Market size is expected to reach $702.4 million by 2028, rising at a market growth of 8.0% CAGR during the forecast period.
The Conventional Fuel market is experiencing a CAGR of 9.9% during (2022 - 2028). The solar tiki torch is one of the most popular conventional fuel items. The use of solar torches is favored since they are reliable and practical. Governments and business leaders are integrating solar-powered items as global economies become more conscious of the need for energy efficiency.
The Standing market is leading the Global Tiki Torch Market by Placement in 2021; thereby, achieving a market value of $319.7 million by 2028. Customers like having standing lanterns installed in outside areas like sidewalks and gardens. These torches enhance outdoor gathering occasions by fostering a friendly environment and instilling the perfect ambiance. The majority of standing goods includes solar lighting and need no upkeep.
The 55 Inch market is exhibiting a CAGR of 8.4% during (2022 - 2028). Owing to their permanent installation in poles throughout beach-themed restaurants, lakeside booths, and other recreational areas for extended illumination, these items are anticipated to dominate the category. These tiki torches may be used for a longer period of time without the trouble of repeated fuel refills and are often utilized as an outside accent for backyard gatherings in residential environments.
The North America market dominated the Global Tiki Torch Market by Region in 2021; thereby, achieving a market value of $265.5 million by 2028. The Europe market would experience a CAGR of 7.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/tiki-torch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fire Fly Fuels, Inc., Burnaby Manufacturing Ltd., blomus GmbH, Desert Steel, Inc., H Potter Marketplace, Inc., Focus Industries, Inc., Bobé Water & Fire LLC (Custom Molded Products, Inc.), Jayanita Exports Pvt. Ltd. (Deco Window)
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