The Asia Pacific Tiki Torch Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
Tiki torches are an entertaining and reasonably priced method to light up the night and turn an outdoor area into a tropical haven. It may also be used to light up shadowy garden pathways or for outdoor gatherings. Additionally, they deter biting insects so that one can have a swat-free evening. These torches are available in a wide range of designs, including classic, modern, and eclectic.
A wick and an oil-filled container with a tiki torch's most basic design are enveloped in woven bamboo strips and set on a pole. There are various variations on this traditional form, from little tabletop tiki torches to polished metal lanterns influenced by traditional Moroccan design; many may be filled with citronella oil to fend off pesky mosquitos. The size of a specific torch's container and burn period are other key considerations, and some come with adjustable poles to post them at various heights. There are solar-powered waterproof tiki torches that are perfect for illuminating driveways, paths, or in-ground swimming pools.
The electronic industry in China has played a significant role in the nation's GDP growth. The Chinese government is a strong proponent of industry consolidation, pushing leading vendors in electronic industry to dominate the sector and support further development. Aside from consumer electronics, the sector is also heavily impacted by foreign-invested enterprises, which are owners of most of the core technologies used in production.
The China market dominated the Asia Pacific Tiki Torch Market by Country in 2021; thereby, achieving a market value of $53.4 million by 2028. The Japan market poised to grow at a CAGR of 8.1% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 9.5% during (2022 - 2028).
Based on Product, the market is segmented into Bug Repellant Fuel and Conventional Fuel. Based on Placement, the market is segmented into Standing, Tabletop and Hanging. Based on Size, the market is segmented into Above 60 Inch, 42 Inch, 55 Inch, 40 Inch and 32 Inch. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Tiki Torch Market is Projected to reach USD 702.4 Million by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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