Tiki Torch Market: Challenges, Opportunities, and Growth Drivers and Major Market Players forecasted for period from 2029
According to TechSci Research report, “Global Tiki Torch Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Tiki Torch Market stood at USD 469.6 Million in 2023 and is anticipated to grow with a CAGR of 7.6% in the forecast period, 2025-2029. The Tiki torch market, an integral segment of the outdoor decor industry, has witnessed dynamic growth in recent years, driven by a combination of factors ranging from changing consumer preferences to technological innovations.
The Tiki torch market has experienced notable growth in recent years, propelled by a surge in outdoor activities, an increased focus on aesthetic outdoor decor, and the introduction of innovative product offerings. While specific market size figures may vary, the industry has seen a steady rise in revenue and market share. The growing popularity of outdoor entertaining, the desire for sustainable and eco-friendly solutions, and the integration of smart technologies have contributed to the market’s expansion.
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The consumer base for Tiki torches is diverse, encompassing a wide range of demographics. From homeowners looking to enhance their backyard spaces to event planners seeking decorative elements for outdoor gatherings, the appeal of Tiki torches transcends age, income, and lifestyle categories. The market caters to both residential and commercial segments, with consumers seeking versatile, stylish, and functional outdoor lighting solutions. The Tiki torch market has experienced notable growth in recent years, propelled by a surge in outdoor activities, an increased focus on aesthetic outdoor decor, and the introduction of innovative product offerings. While specific market size figures may vary, the industry has seen a steady rise in revenue and market share. The growing popularity of outdoor entertaining, the desire for sustainable and eco-friendly solutions, and the integration of smart technologies have contributed to the market’s expansion.
A primary driver of the Tiki torch market is the increasing demand for outdoor living spaces. As consumers seek to extend their indoor living experience to the outdoors, the market has responded with products that enhance the ambiance of patios, gardens, and backyard spaces. Tiki torches, with their ability to create a warm and inviting atmosphere, have become integral to the transformation of outdoor areas into personalized retreats. The surge in the trend of outdoor entertaining has significantly contributed to the growth of the Tiki torch market. Consumers, increasingly opting for al fresco dining, barbecues, and social gatherings, are seeking decorative elements that elevate the overall experience. Tiki torches, with their flickering flames and tropical aesthetics, have become synonymous with outdoor entertaining, providing not only illumination but also a festive and inviting atmosphere.
In conclusion, the Tiki torch market is a dynamic and evolving sector within the outdoor decor industry. The market’s growth is propelled by factors such as the rising demand for outdoor living spaces, the trend of outdoor entertaining, a focus on aesthetic and functional design, innovation in fuel and material technology, and the influence of cultural and seasonal trends. However, the industry faces challenges, including environmental concerns and regulatory pressures, seasonality, intense competition, changing consumer preferences, and supply chain disruptions.
Stakeholders in the Tiki torch market must navigate these challenges while capitalizing on emerging trends to sustain growth and relevance in a competitive landscape. By embracing sustainability, incorporating smart technologies, offering versatile designs, and staying attuned to consumer preferences, businesses can position themselves for long-term success in this vibrant and evolving market.
The global Tiki Torch market is segmented into type, placement, size, and region.
Based on type, In 2023, the bug repellant fuel segment held the largest market share in terms of sales. Due to their ability to repel bugs, insect repellent torches have gained a lot of popularity among customers. Typically, they contain essential oils like cedar, eucalyptus, and citronella. Furthermore, it is anticipated that sales of bug repellent torches would increase because to modern customers’ increased health consciousness.
Based on region, North America held a market share in the market. These goods are now quite well-liked in the area and can be seen in beachside eateries all across the Pacific island, as well as at family get-togethers and poolside cabanas. In North America, the bug-repellent product is predicted to increase at the fastest rate. Many producers sell natural insect repellent products that can be used indoors or outdoors to kill mosquitoes and other insects.
Major companies operating in global Tiki Torch 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
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“The Tiki torch market, a dynamic segment of the outdoor decor industry, is experiencing robust growth driven by a surge in demand for outdoor living spaces and the popularity of outdoor entertaining. Consumers seek versatile designs, incorporating eco-friendly materials and smart technologies. However, challenges include environmental concerns, seasonal dependencies, intense competition, and changing consumer preferences. Navigating these challenges requires sustainable practices, innovation, and strategic adaptation to emerging trends. The market’s future success hinges on stakeholders’ ability to balance aesthetic appeal, functionality, and environmental responsibility, offering consumers a diverse range of Tiki torch options.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Tiki Torch Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Conventional Fuel Tiki Torch, Bug Repellant Fuel Tiki torch), By Placement (Hanging, Standing, Tabletop), By Size (32 Inch, 40 Inch, 42 Inch, 55 Inch, Above 60 Inch), By Region, By Competition, 2019-2029, has evaluated the future growth potential of global Tiki Torch market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Tiki Torch market.
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