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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 2012

Smoke clears: Rising incomes will help slow decline driven by falling smoker numbers

IBISWorld’s Cigar Lounges market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 07-12
-2.3%
Annual Growth 12-17
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Profit
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Employment
12,781
Businesses
5,714
Industry Analysis & Industry Trends

The Cigar Lounges industry is mainly affected by per capita disposable income and competition from e-tailers (i.e. web retailers). Since the recession, these drivers have negatively affected the industry, causing US consumers to reduce spending on cigars and seek out cheaper cigars online. As a result, IBISWorld estimates that revenue will decrease at an average annual rate of 2.3% to $3.92 billion over the five years to 2012. The recession did have one positive effect on the industry, though, particularly in 2008. Although many retail industries declined in that year, the Cigar Lounges industry posted growth.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Cigar Lounges industry is in the decline stage of its life cycle. Over the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to GDP, is estimated to decrease at an average annual rate of 0.8%. This compares with the US economy's projected growth of 2.1% annually over the same period.

Falling establishment numbers are also indicative of a declining industry. Firms are closing up their shops mostly in response to decreased profit from necessary reductions in prices (in an effort to compete with e-tailers). In the five years to 2012, the number of enterprises is estimated to decline at an average annual rate of 3.2% to 5,714... 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
CigarsAccessoriesFood and drinkOther tobacco products
 
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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