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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 Products Chapter

Cigar lounges, or cigar bars, are designed to provide consumers an environment where they can smoke cigars or other tobacco products in a relaxed lounge setting. Cigar lounges became prominent in the mid-1990s when municipal and state governments began enacting public smoking bans, with the exception of establishments catered primarily to smokers. Besides the smoking environment, cigar lounges also provide a variety of cigars, accessories and other tobacco products as well as some food and drink offerings.

Cigars

The basis of any cigar lounge is to provide its patrons with a wide variety of cigars to purchase and smoke on site. As a result, the sale of cigars makes up the industry's largest product segment, accounting for roughly 71.0% of industry revenue in 2015... 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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