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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.