Candle Holder Market: Introduction
- Candles can tip over and cause fires; hence, candle holders are used. The purpose of using candle holders is to offer a secure and safe platform for candles to avoid any accidents. Candle holders are usually made from glass, crystal, ceramics, brass, and many other materials. They come in various types, such as tea light candle holders, taper candle holders, lanterns, and candelabras. One of the most popular candle holders is the tapered candle holder. It is expected that the market for candle holders will witness growth during the forecast period.
Key Drivers, Opportunities, and Restraints of the Global Candle Holder Market
- The global candle holder market is expected to be driven by the increasing popularity of fine dining throughout the world, as well as increasing number of hotels and restaurants. Furthermore, rise in consumer standard of living as a result of increase in disposable income, especially in developing countries such as China and India, is predicted to contribute to market growth.
- The change in consumer buying behavior toward premium houseware products has a positive impact on the global candle holder market. Nowadays candle holders are decorative items used in houses. It provides an attractive effect to any function. Furthermore, the availability of trendy candle holder products is expected to drive the growth of the market during the forecast period.
- Spas and beauty salons are becoming more popular worldwide as consumers seek to reduce stress from hectic lifestyles. Elegant styled tea light candle holders are used to generate peaceful, relaxing, and stress free atmospheres in spas and salons. This also impacts the growth of the candle holder market.
- The millennial population is inclined toward grand celebrations of their life events such as wedding receptions, and birthday celebrations. Professional event planners tend to use different accessories such as candle holders to enhance the party décor. This in turn will help to drive the demand for candle holders during the forecast period.
Restraint of the Global Candle Holder Market
- Increase in cases of COVID-19 across the globe is resulting in economic slowdown. Developed and developing countries are strongly affected by the pandemic. COVID-19 has a negative impact on company revenue; as a result, they are forced to downsize and reduce the manpower. This affects the growth of the candle holder market.
Asia Pacific to Hold Major Share of the Global Candle Holder Market
- In terms of region, the global candle holder market can be divided into North America, Europe, Asia Pacific, Middle & East Africa, and South America.
- Asia Pacific is expected to dominate the worldwide candle holder market as construction of restaurants, hotels, and spa have increased rapidly. China is leading the growth of the Asia Pacific market due to easy availability of high quality raw material and presence of several manufacturers in the region.
Key Players Operating in the Global Candle Holder Market
Candle holder developers are focusing on designing bespoke designs as well as standard products to satisfy their worldwide consumer base. Manufacturers are investing in modern technics and material, and robust marketing & promotions. In addition, companies are focusing on participation in trade expos to strengthen market positioning across target areas.
Major players operating in the global candle holder market includes:
- Aloha bay
- Body-Soul-N-Spirit Hanukkah
- The candle Dux
- Majestic Giftware
- Bath & Body works
- Black Tai Salt Co.
- Woodbury Pewter
- Yankee Candle
- Pavilion Gift Company
Global Candle Holder Market: Research Scope
Global Candle Holder Market, by Type
- Tea Light Candle Holders
- Taper Candle Holders
- Other (Votive Candle holder, etc.)
Global Candle Holder Market, by Material
- Other (Brass, Aluminum etc.)
Global Candle Holder Market, by Price
Global Candle Holder Market, by End-use
- Hotel and Restaurants
- Spa and beauty salons
- Other (Weddings, etc.)
Global Candle Holder Market, by Distribution Channel
- E- commerce Websites
- Company Owned Websites
- Hypermarket & Supermarket
- Specialty Stores
- Other Retail Stores
Global Candle Holder Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.