The Global Spark and Glow Plug Market are projected to reach USD 8.56 billion by 2028, at a CAGR of 8.2% during the forecast period. Spark plugs and glow plugs are used in ignition systems of gasoline engines and diesel engines, respectively. Spark plugs transmit electric current from the ignition system to the combustion chamber to ignite the fuel-air mixture using an electric spark. Glow plugs are used in diesel engines to increase the temperature of the air inside gas chambers enough to combust the diesel spontaneously.

Spark plugs are expected to witness the highest demand during the forecast period due to the increase in sales of passenger vehicles that use gasoline. Moreover, the popularity of natural gas-based vehicles is expected to fuel the demand for spark plugs. The market for spark plug & glow plug is expected to grow due to the increasing popularity of diesel engine vehicles worldwide. Moreover, in cold regions, glow plugs are preferred, as they reduce vibrations, noise, and smoke emissions in diesel engines to ensure improved driving in cold weather.

Asia Pacific region is expected to witness the highest demand due to the growth of the automotive industry, which can be attributed to the rapid urbanization in the region. The presence of some of the major automobile manufacturers and investments made by them in the Asia Pacific is expected to drive the market in the region.

According to the International Organization of Motor Vehicle Manufacturers, passenger car sales increased from 45 million units in 2005 to 71 million units in 2017. Moreover, advancements in technologies such as the E3 high-performance, plasma core, and ACIS (Advanced Corona Ignition System) for spark plugs and pressure sensor glow plugs have also propelled the market.

However, the growth of the market can be restrained due to the increasing demand for electric vehicles, which eliminates the use of spark or glow plugs.

Key Factors Impacting Market Growth:

• Growing automobile industry
• Technological advancements
• The increasing popularity of electric vehicles

Key Developments:

• In January 2017, NGK Spark Plug Co. Ltd. launched five new ignition coils. 

What This Study Provides:

• Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
• Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
• National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
• Extensive details and analysis of contracts, projects, and program
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Analysis of game-changing technological trends and how these will shape the industry
• Explanation or political, regulatory and technical factors to consider
• Barriers to entry analysis for markets around the world
• Profiles of leading companies operating within the sector with market share analysis
• SWOT analysis of the market, together with the opportunities available and the key threats faced
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• Market conclusions & recommendations

Market Segmentation:

By Product Type:

• Spark Plug
  • Hot Plug
  • Cold Plug
• Glow Plug
  • Metal
  • Ceramic

By Vehicle Type:

• Passenger
• Commercial
• Electric
• Defense
• Construction
• Farm Tractors
• Others

By Application:

• Diesel Engines
• Petrol Engines
• Others

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Product Type
  • By Vehicle Type
  • By Application
• Western Europe:
  • By Country (Germany, UK, France, Spain, Rest of Western Europe)
  • By Product Type
  • By Vehicle Type
  • By Application
• Eastern Europe:
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Product Type
  • By Vehicle Type
  • By Application
• Asia Pacific
  • By Country (China, Japan, India, Rest of Asia Pacific)
  • By Product Type
  • By Vehicle Type
  • By Application
• Middle East:
  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
  • By Product Type
  • By Vehicle Type
  • By Application
• Rest of the World
  • By Region (Latin America, Brazil, Rest of the World)
  • By Product Type
  • By Vehicle Type
  • By Application

Companies Covered: Delphi Automotive, Borgwarner Inc., Denso Corporation, Federal-Mogul Corporation, NGK Spark Plug Co. Ltd., Robert Bosch GmbH, Weichai Power Co. Ltd., UCI Fram Autobrands, and Valeo...

Years Considered In The Study

 

Historic Year	2016, 2017
Base Year	2018
Forecast Period	2019-2028
CAGR %(2019-2028)	4.1

 

Key Questions Answered By This Report:

• How is the spark and glow plug market evolving?
• What is driving and restraining spark and glow plug dynamics?
• How will each park and glow plug submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
• How will market shares of each spark and glow plug submarket develop from 2019-2028?
• Which spark and glow plug submarket will be the main driver of the overall market from 2019-2028?
• How will political and regulatory factors influence regional spark and glow plug markets and submarkets?
• Will leading national spark and glow plug broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
• How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
• Who are the leading players and what are their prospects over the forecast period?
• How will the sector evolve as alliances form during the period between 2019 and 2028?

Reasons to Buy This Report:

• Market size estimation of the global spark plug & glow plug market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]