The Cigar Lounges industry has made a strong comeback in the United States over the past five years. Demand for premium cigars continues to outpace demand for other tobacco products. Cigars are perceived to be less harmful than cigarettes and continue to face fewer product-specific regulations, a lower tax rate and relatively higher social acceptability than other tobacco products. The increased popularity of cigars has developed a strong cigar lounge culture in the United States. Over the next five years, overall economic factors such as per capita disposable income and corporate profit are expected to expand. This should support discretionary spending, which is likely to translate into revenue for industry operators.
This industry comprises businesses known as classic cigar bars or lounges, where patrons can purchase and smoke premium cigars in house. Players in this industry may also provide limited food, alcohol and entertainment services to complement their portfolio. This industry does not include establishments known colloquially as hookah bars or vape shops.
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.
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