PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1788374
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1788374
Global Tiki Torch Market to Reach US$837.6 Million by 2030
The global market for Tiki Torch estimated at US$579.6 Million in the year 2024, is expected to reach US$837.6 Million by 2030, growing at a CAGR of 6.3% over the analysis period 2024-2030. Conventional Fuel, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$516.3 Million by the end of the analysis period. Growth in the Bug Repellant Fuel segment is estimated at 8.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$152.4 Million While China is Forecast to Grow at 6.3% CAGR
The Tiki Torch market in the U.S. is estimated at US$152.4 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$135.2 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.7% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
Tiki Torch Market Trends & Drivers Summarized
How Is the Tiki Torch Market Evolving with Changing Consumer Preferences and Outdoor Living Trends?
Tiki torches have long been associated with tropical aesthetics, outdoor gatherings, and backyard entertainment, offering both ambiance and functional lighting. Traditionally made of bamboo with a wick and fuel canister, tiki torches have evolved to incorporate modern materials, enhanced safety features, and eco-friendly fuel options. The increasing trend of outdoor living, driven by homeowners investing in backyard makeovers, fire features, and patio entertainment spaces, is fueling demand for tiki torches. The market is expanding with innovations in solar-powered tiki torches, LED-integrated designs, and smokeless fuel formulations, catering to environmentally conscious consumers. Additionally, the demand for insect-repellent tiki torches, which use citronella oil and other natural deterrents, has risen as consumers seek multi-functional outdoor lighting solutions. However, concerns over fire hazards, weather durability, and limited seasonal demand present challenges for market growth. As outdoor entertainment becomes a year-round trend, how will tiki torch manufacturers innovate to meet evolving consumer expectations and sustainability standards?
What Technological Innovations Are Advancing Tiki Torches?
Advancements in tiki torch design and technology are enhancing durability, energy efficiency, and user convenience. Solar-powered tiki torches with automatic dusk-to-dawn sensors are eliminating the need for fuel, reducing environmental impact while offering hassle-free lighting. LED-integrated tiki torches are mimicking real flames while providing long-lasting illumination, making them safer alternatives for urban settings. Smart tiki torches with remote-control and app-based lighting adjustments are catering to the growing demand for smart home integration. Additionally, developments in sustainable torch fuel-such as bioethanol and plant-based oils-are reducing emissions and minimizing air pollution, aligning with eco-conscious consumer preferences.
Why Is the Demand for Tiki Torches Increasing?
The rising popularity of outdoor entertainment spaces, backyard renovations, and resort-style landscaping is driving demand for decorative and functional tiki torches. The increasing consumer shift toward sustainable and smokeless lighting solutions is encouraging the adoption of eco-friendly fuel and solar-powered designs. Additionally, the need for effective mosquito-repellent outdoor products is propelling the sales of citronella-based tiki torches.
What Factors Are Driving the Growth of the Tiki Torch Market?
The tiki torch market is growing due to innovations in sustainable lighting, increasing consumer spending on outdoor decor, rising demand for insect-repellent solutions, and advancements in solar-powered and LED technology. As consumers continue to prioritize outdoor ambiance and functional garden lighting, tiki torches are expected to remain a staple in outdoor design, evolving to incorporate more energy-efficient and environmentally friendly solutions.
SCOPE OF STUDY:
The report analyzes the Tiki Torch market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Conventional Fuel, Bug Repellant Fuel); Placement (Hanging, Standing, Tabletop); Size (32 inch, 40 inch, 42 inch, 55 inch, Above 60 inch)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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