The North America Tiki Torch Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
Owing to the disruption caused by the pandemic to the physical sales channel, customers shifted to online distribution channels including e-commerce websites and enterprise websites. Manufacturers also started distributing their items online in order to reach customers. Due to the convenience, time savings, wide product selection, ease of price comparison, and discounts offered by online platforms, consumers prefer them over offline channels when buying these products. As a result, more people bought products on online platforms throughout the pandemic than they did through offline channels.
The demand for these goods has expanded since tiki torches are now incorporated into a variety of different lighting items, such as landscape lighting for backyards, beaches, gardens, resorts, swimming pools, and beach parties around the world. The consumer's choice to buy these items is influenced by a number of important aspects. The most crucial variables that a customer takes into account before making a purchase are pricing, design, mount type, oil compatibility, material, torch size, and discounts and offers.
The government of Mexico has shown interest in expanding policies to promote generic pharmaceuticals in the nation. Mexico is a prominent market for pharmaceutics in North American nation. The United States is still the biggest supplier of pharmaceutical products to the Mexican market. In 2021, the United States exported USD 870 million to Mexico, 17% of the total market import.
The US market dominated the North America Tiki Torch Market by Country in 2021; thereby, achieving a market value of $191.6 million by 2028. The Canada market is estimated to grow at a CAGR of 9.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Tiki Torch Market is Predict to reach $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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