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The global Automotive Ignition Coil Market was accounted for US$ 2,757.4 Mn in terms of value and 113,758 thousand units in terms of volume in 2019 and is expected to grow at CAGR of 4.5% for the period 2020-2027.

An automotive ignition coil, also known as spark coil, is an induction coil that transforms the voltage of the battery to the thousands of volts needed to create an electric spark in the spark plugs to ignite the fuel. The spark plugs are fired directly from the coils. Automotive ignition coils play an important role in the smooth and efficient operation of the engine. Different types of ignition coils are available in the market, such as ignition coil rail, pencil ignition coil, double spark coil, electronic distributor coil, can-type ignition coil, etc. Automotive ignition coils are extensively used in passenger vehicles, light commercial vehicles (LCV), medium commercial vehicles (MCV), and heavy commercial vehicles (HCV).

Demand of automotive ignition coil is directly proportional to automotive production and sales. Thus, with increasing production and sales of aforementioned vehicles, the demand for ignition coil is also increasing, driving the automotive ignition coil market growth. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) sales stood at 310,294 units in October 2020, compared with 271,737 units in October 2019, registering a 14.19% growth. Whereas, PV sales stood at 271,249 units in December 2020, compared with 218,775 units in December 2019, registering a 23.99% growth. Therefore, with the increasing production of passenger vehicles, the demand for automotive ignition coil is also increasing.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲:  Delphi Automotive LLP, Continental AG, Marshall Electric Corp, DENSO Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Toyota, Nissan Motor Co., Ltd, Hitachi Automotive Systems Americas

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝗼𝗯𝘁𝗮𝗶𝗻 𝗮𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝘁 –  https://www.coherentmarketinsights.com/insight/request-sample/2812

Most of the newer cars on the market use have a hard plastic cover that is designed to protect the coil from damage. Moreover, demand for modern ignition coils is continuously increasing due to the trend of sustainability to support low fuel consumption. This in turn is expected to propel the automotive ignition coil market growth. However, the increasing demand for electric and hybrid vehicles is major factor restraining growth of the automotive ignition coil market. This is due to growing concerns about environmental pollution, concerns regarding automotive emissions, and the decreasing prices of batteries.

In the Asia Pacific, the growth of the automotive ignition coil market is mainly driven by the rapid growth of the automotive industry in this region. According to the India Brand Equity Foundation (IBEF), India was the 7th largest manufacturer of commercial vehicles in 2019. Now, India is the fourth largest automobile market in the world, as the automobile market has been growing consistently. This is owing to growing urbanization, changing living standards, and rising per capita income. Therefore, aforementioned factors are expected to augment the growth of the automotive ignition coil market. Auto makers are focused on developing vehicles that possess robust fuel efficiency and comply with stringent emission norms.

➤ North America: United States, Mexico and Canada

➤ South & Central America: Argentina, Chile, Brazil and Others

➤ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

➤ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

➤ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

𝗚𝗲𝘁 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘄𝗶𝘁𝗵 𝗳𝗶𝗴𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗱𝗮𝘁𝗮 𝘁𝗮𝗯𝗹𝗲𝘀, 𝗮𝗹𝗼𝗻𝗴 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 –  https://www.coherentmarketinsights.com/insight/request-pdf/2812

In order to respond to diverse requests from clients and readers, the study contains a succinct summary of the important industry participants and contributions. Customers will also find in this report significant variables that have a large impact on the Automotive Ignition Coil Market’s growth, such as the supplier environment and recent competition intensity.

By conducting an exhaustive examination of manufacturers, producers, distributors, and dealers, the research aims to assist key players in a variety of strategic decisions and vital investment goals. Secondary and validated primary sources are used to evaluate key enterprises and their production data, percentage splits, market shares, product industry breakdowns, and growth rates.

Global Automotive Ignition Coil Market, By Product Type:

Global Automotive Ignition Coil Market, By Vehicle Types:

Global Automotive Ignition Coil Market, By Sales Channel:

Global Automotive Ignition Coil Market, By Region:

Hitachi Automotive Systems Americas, Inc.

NGK Spark Plug Co., Ltd

➤ What is the estimated growth rate of the market for the forecast period of 2022-2028?

➤ What will the market size be in the anticipated time frame?

➤ What are the primary aspects that will determine the Automotive Ignition Coil Market ‘s fate over the forecast period?

➤ What are the major market players’ winning strategies for building a strong presence in the Automotive Ignition Coil Market industry?

➤ What are the primary market trends influencing the Automotive Ignition Coil Market’s growth in various regions?

➤ What are the biggest dangers and difficulties that are likely to stymie the Automotive Ignition Coil Market’s growth?

➤ What are the most critical opportunities for market leaders to succeed and profit?

3. Market Dynamics, Regulations, and Trends Analysis

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