The Spark Plug And Glow Plug market is projected to reach USD 8.56 million by 2028, at a CAGR of 8.2% between 2018 and 2028. According to Quince Market Insights, the increasing sale of vehicles is one of the factors influencing the demand for spark plugs and glow plugs. The report provides a detailed analysis of emerging market trends, market size, forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc. The report also identifies key factors that influence the growth of the spark plug and glow plug market.
Global Spark Plug and Glow Plug Market Overview
Spark plug and glow plug market is an established market with increasing demand for vehicles, which run on gasoline. Moreover, the use of spark and glow plug in applications such as diesel engines and petrol engines are driving the spark plug and glow plug market. Glow plugs are commonly used in vehicles used in snowy and cold regions. They help in reducing vibrations, lowering smoke emissions, etc., and ensure that the ignition process of the engine is not affected due to extreme cold. Moreover, rapid urbanization and increasing demand for vehicles have also led to the growth of the spark plug and glow plug market.
The Asia Pacific is expected to witness the highest demand for spark plug and glow plug during the forecast period
The Asia Pacific is the fastest-growing spark plug and glow plug market. Due to the increasing demand and sales of vehicles in the region, this market in the Asia Pacific has witnessed significant growth. Rapid urbanization and the presence of several automobile manufacturers in the Asia Pacific is one of the important factors fueling market growth. Moreover, investments by automobile manufacturers in R&D have also propelled market growth.
Major companies manufacturing spark plug and glow plug such as 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 and others have been profiled in the study to provide a competitive view about the market. Major developments such as new product developments, mergers & acquisitions, expansions, and partnerships, among others, carried out by companies during the historic period have been provided for understanding the market scenario.
Global Spark Plug and Glow Plug Scope:
By Product Type:
By Vehicle Type:
Detailed scope covering all the major segments in the market
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Market recommendations supporting decision making processes
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