A spark plug is an important component of a vehicle that is screwed into the engine cylinder. It generates a spark that ignites the compressed air-fuel mixture, which ensures the continuous movement of the piston. There has been an increased demand for fuel-efficient and low-emission vehicles because of the stringent emission norms adopted across all economies and the growing awareness about environmental issues among consumers. This has led to the continuous evolution of spark plugs.
Owing to the continuous rise in the number of new registrations and longer life of the cars, the number of vehicles in use is steadily increasing. Also, the OEMs are extending their warranties on their vehicles to simultaneously increase the car reliability. Technavio’s market study identifies the increase in the parc vehicles to be one of the primary growth factors for the automotive aftermarket for spark plugs. Also, the extension of maintenance of the cars through various service packages has resulted the consumers to easily maintain their cars.
Modern GDI engines operate at higher pressure and temperature, consequently, requirement for ignition voltage also increases. Spark plugs manufacturers are offering high-performance spark plugs to withstand high pressure and temperature. High-performance spark plugs ensure reliable ignition of the fuel-air mixture. To fulfill the growing demands, manufacturers are focusing on enhancing the specifications of the spark plugs. According to our analysts, the development of better designed spark plugs for GDI engines is one of the key factors that will gain traction in the automotive aftermarket for spark plugs in the coming years.
In 2019, the market size of Automotive Aftermarket for Spark Plugs is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of 4.0% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Aftermarket for Spark Plugs.
This report studies the global market size of Automotive Aftermarket for Spark Plugs, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automotive Aftermarket for Spark Plugs production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Bosch
DENSO
Valeo
Autolite
Federal Mogul
HELLA
Magneti Marelli
NGK Spark Plugs
Market Segment by Product Type
Spark plugs-Hot & Cold
Glow plug-Metal & Ceramic
Market Segment by Application
Passenger car
Commercial vehicle
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automotive Aftermarket for Spark Plugs status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Aftermarket for Spark Plugs manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automotive Aftermarket for Spark Plugs are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automotive Aftermarket for Spark Plugs. Industry analysis & Market Report on Automotive Aftermarket for Spark Plugs is a syndicated market report, published as Global (United States, European Union and China) Automotive Aftermarket for Spark Plugs Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automotive Aftermarket for Spark Plugs market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.