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Cigar Lounges in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Cigar Lounges Market Research Report | Consumer Goods & Services | Lifestyle Goods Stores | May 2015

The smoke clears: Increased cigar consumption and rising incomes drive industry comeback

IBISWorld’s Cigar Lounges market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
11.0%
Annual Growth 15-20
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Profit
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Employment
17,980
Businesses
7,684
Industry Analysis & Industry Trends

The Cigar Lounges industry has made a strong comeback in the United States over the past five years as a large increase in cigar consumption has boosted demand for cigar lounges. Despite regulatory hurdles in obtaining exemption from state indoor smoking bans, both industry participation and revenue have grown at rapid rates since 2010. As the economy continues to improve over the next five years, more consumers will likely indulge in premium cigars at high-end lounges, helping the industry sustain its growth and widen profit margins. Additionally, the recent steps toward normalization of relations with Cuba will expand access to the country's high-end cigars, providing an opportunity for the industry.... purchase to read more

Industry Report - Industry Investment Chapter

The Cigar Lounges industry carries a moderate level of capital intensity. For every $1.00 spent on labor, the average industry firm will invest roughly $0.16 in capital equipment. The most prevalent piece of capital present in all cigar lounges is a strong air filter or ventilation system. Cigar lounges utilize air filters in smoking rooms in order to prevent smoke from escaping into the retail shop or outside of the establishment. Additionally, cigar lounges must purchase a humidifier for a walk-in humidor or multiple cabinet or table humidors in order to keep the cigars and tobacco products from drying. Other capital equipment required includes largely computerized, automated devices like cash registers, inventory control systems or point-of-sale (POS) systems... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Cigar Lounges Industry?

This industry comprises businesses known as cigar bars or lounges, where patrons can purchase and smoke cigars. Players in this industry may also provide limited food and alcohol services.

Industry Products
Mass market cigars and cigarillosPremium cigarsAccessoriesFood and drink
 
Industry Activities
Sales of cigarsSales of tobacco-related accessoriesSales of other tobacco productsSales of food and drinkProviding a cigar-friendly smoking environment


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