The global automotive spark and glow plugs market is driven by an exponential rise in demand for automotive all across the world. The other factor is increase in sternness on the part of government regulations and norms regarding emissions and efficiency of fuel.
Revised data on the automotive spark and glow plugs industry suggests that the market will experience sluggish expansion at a CAGR of 1.8% over the decade. The automotive spark and glow plugs market is expected to increase its worth from US$ 5.5 Bn in 2021 to US$ 6.6 Bn by 2031.
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FACTS AT A GLANCE
Companies: NGK Spark Plug Co. Ltd,Federal-Mogul Corporation,Denso Corporation,Robert Bosch GmbH,Borgwarner Inc.,Weichai Power Co., Ltd.,Valeo SA,ACDelco Corporation,Magneti Marelli Aftermarket N.A.,Other
Coverage: All major geographies and key segments
Segments: Automotive Spark Glow Plugs Market Segmented By Hot Spark Plug, Cold Spark Plug, Metal Glow Plug, Ceramic Glow Plug in Passenger, Cars, LCV, HCV
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
An automotive spark plug is a device designed to fit in each cylinder of a gasoline-powered internal combustion engine to produce the electric spark for ignition of the air-fuel mixture. The automotive glow plug is a device fitted into each cylinder of a diesel engine, with a heating element to heat incoming fuel and air to ensure efficient combustion when the engine is cold.
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Automotive spark and glow plugs are generally classified by product type into spark plugs and glow plugs, and these are further categorized into hot spark plugs, cold spark plugs, metal glow plugs, and ceramic glow plugs.
To understand and assess opportunities in this market, the report is categorically divided into four sections namely by product type, vehicle type, sales channel, and region. The report analyses the global automotive spark and glow plugs market in terms of market value (US$ Mn) and volume (units).
The report begins with an overview of the global automotive spark and glow plugs, appraising market performance in terms of revenue and volume, followed by Persistence Market Research’s analysis of key trends, drivers and restraints witnessed in the global market.
Key trends specific to different geographies are also included in the report to equip the client with crystal clear decision-making insights.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future.
Given the characteristics of the market, Persistence Market Research triangulates the data via the different analysis based on the supply side, demand side and dynamics of the automotive spark and glow plugs market.
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