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New Research Study “”Automotive Spark and Glow Plugs Market, By Product Type (Hot Spark Plug, Cold Spark Plug, Metal Glow Plug, Ceramic Glow Plug), By Vehicle Type (Passenger Cars, LCV, HCV), By Sales Channel (OEM, Aftermarket), By Regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2021 – 2028“” has been added to Coherent Market insight
The market for automotive spark plugs and glow plugs is projected to reach US$ 6,481.20 million in 2021 and grow at a CAGR of 2.1% during the forecast period (2021-2028).
A spark plug is a small, high-temperature electrode used in an engine. These plugs are made of noble metals that have high melting points. These materials are highly durable, and their size makes them less likely to break or corrode. In addition to being small, spark plugs have a higher initial flame energy and a shorter cleaning interval. On the other hand, using a glow plug means that it helps with ignition and reduces engine maintenance costs. The technology is gaining ground as more manufacturers and car owners look to incorporate the technology into their vehicles. A spark plug contains a single central electrode made of nickel alloy. This center electrode is connected to a basic steel terminal stud by an internal wire.
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The report firstly introduced the fundamentals of Spark Plug and Glow Plug market, such as definitions, classifications, applications, and a market overview. It then covered product specifications, production procedures, cost structures, raw materials, and other information. Then it looked at the major market conditions around the world, such as the cost, profit, production, supply, and demand of the product, as well as the market’s projected growth rate. The report’s final sections covered investment feasibility and return analyses, as well as SWOT analyses of new projects.
Major Key players in this Market:
• NGK Spark Plug Co. Ltd • Federal-Mogul Corporation • Borgwarner Inc. • Denso Corporation • Robert Bosch Gmbh • General Motors (Acdelco Corporation) • Delphi Automotive • Valeo • Weichai Power Co. Ltd. • UCI Fram Autobrands (Autolite)
Increasing penetration of passenger vehicles in parallel to a growing population is expected to augment the growth of the spark plug and glow plug market during the forecast period.
Furthermore, the imposition of stringent government regulations on anachronous engines to reduce emissions and improve fuel efficiency is expected to boost the growth of the spark plug and glow plug market over the forecast period.
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Global Automotive Spark and Glow Plugs Market Detailed Segmentation:
• North America o US o Canada o Mexico
• Europe o Germany o UK o Italy o France o Spain o Rest of Europe
• Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific
• South America o Argentina o Brazil o Chile o Rest of South America
• Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa
The Epitome of the COVID-19 Aftermath
The outbreak of the COVID-19 virus was a major setback for the global spark plug and glow plug market. The crisis-fueled halt of manufacturing facilities and the cancelation of shipments has significantly affected the supply chain of the market. Apart from consumer goods and the automotive sector, the market is regaining its pre-pandemic momentum.
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Table of Contents with Major Points:
1.1 Spark Plug and Glow Plug
2. Global Spark Plug and Glow Plug Market
2.1 Global Spark Plug and Glow Plug Market by Value
2.2 Global Spark Plug and Glow Plug Market Forecast by Value
2.3 Global Spark Plug and Glow Plug Market by Crop Type
2.4 Global Spark Plug and Glow Plug Market by Type
2.5 Global Spark Plug and Glow Plug Market by Product Type
2.6 Global Spark Plug and Glow Plug Market by Region
3.1.1 Asia/Pacific Spark Plug and Glow Plug Market Forecast by Value
3.1.2 Asia/Pacific Spark Plug and Glow Plug Market Forecast by Value
3.1.3 India Spark Plug and Glow Plug Market Forecast by Value
3.1.4 India Spark Plug and Glow Plug Market by Type
3.2.1 Latin America Spark Plug and Glow Plug Market by Value
3.2.2 Latin America Spark Plug and Glow Plug Market Forecast by Value
3.2.3 Brazil Spark Plug and Glow Plug Market Forecast by Value
3.2.4 Brazil Spark Plug and Glow Plug Market by Type
3.3.1 Europe Spark Plug and Glow Plug Market by Value
3.3.2 Europe Spark Plug and Glow Plug Market Forecast by Value
3.4.1 NAFTA Spark Plug and Glow Plug Market by Value
3.4.2 NAFTA Spark Plug and Glow Plug Market Forecast by Value
3.5.1 Middle East/Africa Spark Plug and Glow Plug Market by Value
3.5.2 Middle East/Africa Spark Plug and Glow Plug Market Forecast by Value
4.2.2 Increased Focus on R&D
4.2.3 High Growth Prospects in Emerging Economies
4.3.2 High Prices of Raw Materials
5.1.1 Global Spark Plug and Glow Plug Market Share by Company
5.2.1 Brazil Spark Plug and Glow Plug Market Share by Company
5.3.1 India Spark Plug and Glow Plug Market Share by Company
Mr. Shah US +12067016702 / UK +4402081334027 Email: [email protected]
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