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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

The Cigar Lounges market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 SWOT Analysis Chapter

Although this industry has long existed in the United States, it is starting to fall back into fashion. Innovative flavors and different varieties of cigars have increased demand over the past five years. Data from the Centers for Disease Control and Prevention (CDC) suggests that 40.0% of people who try smoking try flavored cigarettes or cigarillos. Consequently, this industry has jumped back into a growth phase. IBISWorld expects industry value added (IVA), which measures an industry's contribution to GDP, to grow at an annualized rate of 10.5% over the ten years to 2020, while US GDP is expected to grow at an annualized rate of 2.5% over the same period.

High IVA growth can be attributed to increasing margins, which fell to an all-time low during the recession... 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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