Global Spark and Glow Plug Market: Overview
Spark And Glow Plug market are anticipated to worth USD 3,803 million by 2025,
with a CAGR of 5.9% during 2019-2025.The spark plugs are installed on the cylinder of a gasoline-powered internal combustion engine to produce the electric spark for ignition of the air-fuel mixture which is fitted into each cylinder of a diesel engine, with a heating element to heat incoming fuel and air which ensure efficient combustion when the engine is cold. Similarly, a glow plug is an electrical heating device, which is fitted on the cylinder head of the diesel engine and helps to start the diesel engine in a cold condition. The global market is boosting with the increasing vehicle sales is one of the major factors for the growth of the spark plug and glow plug market. Also, the advancement in technology such as E3 high-performance, plasma core, and ACIS (Advanced Corona Ignition System) in designing spark plugs have acted as one of the factors responsible for growth in the spark plug market. Key factors such as an increase in production and sales of the vehicle across a worldwide & rise in a number of gasoline or natural gas-powered generators and small & recreational boats are influencing the growth of the market.
Advancement in technology in the spark plug and glow plug is one of the major factors for growth of the market such as the development in spark plugs to improve the performance and ignitability along with the growing product awareness among consumers is anticipated to fuel the development of spark plug market in coming years.Similarly, the innovation of pressure sensor glow plugs for diesel engines by the various organizations has accelerated demand for pressure sensor glow plugs which measure the pressure in the combustion chamber by using integrated sensors and reports to the engine control electronics.
Global Spark and Glow Plug Market- Product Analysis
The spark plug segment held the dominant position in the global market and is projected to retain its dominance over the forecast period. Owing to the increasing sales of passenger cars that run on gasoline is one of the major factors expected to aid in growth of the market in coming years. In addition, the rise in demand for natural gas-powered vehicle further boosts the sales volume of the automobile spark plug market. However, the glow plug segment is projected to register significant growth rate over the forecast period. Due to the advancement such as integration of ceramic heating with glow plug, aids in reducing time for heating process and improves temperature keeping process, as compare to conventional glow plugs that requires lower voltage from an accumulator to start the working of a plug.
Global Spark and Glow Plug Market- Regional Analysis
Asia-Pacific region is the most lucrative spark plug market among other regions, owing to the increase in the number of vehicles in China, India, and Japan. Presence of the major car manufacturers in China and their continued commitment to invest in Asia-Pacific and growth in a number of joint ventures with international brands drive the market growth. Moreover, Asia-Pacific is the largest market for gasoline & natural gas-based generator due to rise in industrialization and urbanization in developing countries such as China, India, Thailand, and Singapore, thus fueling the growth of the market.
Global Spark and Glow Plug Market: Competitive Landscape
The key players operating in the global Spark Plugs market include, NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Borgwarner Inc, Denso Corporation, Robert Bosch Gmbh, General Motors, Delphi Automotive, Valeo, Weichai Power Co. Ltd. &UCI-Fram AutobrandsMajor Key Players are focused on organic and inorganic strategies such as merger & acquisition and new product launches to enhance their business and product.
Objective of the Study:
To analyze and forecast
market size of the global spark and glow plug market, in terms Value.
To examine the careful
market segmentation and forecast the market size, on the basis of region,
segmented into 5 regions, namely, North America, Europe, Asia Pacific, MEA,
& LATAM and major countries in the respective regions
To outline, categorized and
forecast the global spark and glow plug market on the basis of product type,
material, and distribution channel.
To examine competitive
developments like expansions, technological advancement, new product launches,
and regulative framework within the global spark and glow plug market.
To identify the drivers and
challenges for global spark and glow plug market.
To spot the profile of
leading players and an array of strategy outlook and SWOT analysis of major
Scope of the
By Product Type
By Spark Plug Type
By Glow Plug Type
Heavy Commercial Vehicle
In addition, the report provides analysis of the spark and glow plug market with respect to the following geographic segments:
Asia Pacific (APAC)
Middle East and Africa
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With three additional company detail analysis.
Additional country analysis.
Detailed segment analysis.