The Candle Holder Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Candle Holder Global Market Report 2024, The candle holder market size has grown rapidly in recent years. It will grow from $0.62 billion in 2023 to $0.70 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to increased home decor spending, growth of online retailing, increasing demand for eco-friendly products, rise in DIY home projects, and increasing globalization.
The candle holder market size is expected to see rapid growth in the next few years. It will grow to $1.13 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to rising demand for DIY and homemade products, growing events and celebrations, increasing consumer investment in home aesthetics, a growing market for luxury home goods, and increasing demand for multifunctional products. Major trends in the forecast period include technological advancements, integration of cultural artifacts, subscription box services, sustainable products, and home decor styles.
The increasing popularity of e-commerce is expected to propel the growth of the candle holder market going forward. E-commerce refers to buying and selling goods and services over the internet. It encompasses various business models, including business-to-consumer (B2C), business-to-business (B2B), consumer-to-consumer (C2C), and consumer-to-business (C2B). The increasing popularity of e-commerce is driven by the convenience of online shopping and the broad range of products available to consumers. Leveraging the advantages of e-commerce, a candle holder business can expand its reach, engage more effectively with customers, streamline operations, and ultimately drive sales and brand recognition growth. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, US retail e-commerce sales in the first quarter of 2024 were $289.2 billion, a 2.1% (±0.7%) increase over the fourth quarter of 2023. The increasing popularity of e-commerce is expected to propel the growth of the candleholder market.
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The candle holder market covered in this report is segmented –
1) By Type: Desktop Candle Holders, Hanging Candle Holders, Wall mounted Candle Holders, Outdoor Candle Holders
2) By Material: Ceramic, Glass, Metal, Plastic
3) By Style: Traditional, Modern, Ornamental, Minimalist
4) By Distribution Channel: Online, Offline
5) By Application: Residential, Commercial, Institutional, Hospitality
Major companies operating in the candle holder market are focused on developing innovative products, such as reversible candle holders, to offer versatile decor options with dual-sided designs for varying styles or occasions. A reversible candle holder offers two distinct designs, providing flexibility and aesthetic variety. For instance, in June 2024, K’DCOR, a US-based company that manufactures candle holders, launched a new innovative reversible candle holder. This unique product features a dual-purpose design that allows it to be used with both votive/tealight and taper candles. With a simple flip, users can switch between a sleek, modern holder for votive or tealight candles and a classic, elegant stand for taper candles. This versatile functionality ensures that the reversible candle holder seamlessly fits into any décor style, from contemporary to traditional.
The candle holder market report table of contents includes:
1. Executive Summary
2. Candle Holder Market Characteristics
3. Candle Holder Market Trends And Strategies
4. Candle Holder Market – Macro Economic Scenario
5. Global Candle Holder Market Size and Growth
…
32. Global Candle Holder Market Competitive Benchmarking
33. Global Candle Holder Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Candle Holder Market
35. Candle Holder Market Future Outlook and Potential Analysis
36. Appendix
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