Skip to main content

Spark Plug Market Analysis and Forecast, 2018-2026 Coherent Market Insights


A spark plug is an electronic device, which was integrated with cylinder head in the vehicle engine that produces electric spark to burn petrol. Similarly, a glow plug is an electrically heating device, which is integrated on the cylinder head of the diesel engine, which helps to start the diesel engine in a cold condition. Increasing vehicle sales is one of the major factors for growth of the spark plug and glow plug market. According to International Organization of Motor Vehicle Manufacturers, in 2017, the sales of vehicles or registration of new vehicles was 96,804,390 units up from 93,905,634 units in 2016. According to Coherent Market Insights’ analysis, the sales or registration of new vehicles is expected to reach 141,303,730 units by 2025.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1474

Spark plug segment held the dominant position in 2017

The spark plug segment held the dominant position in the global market and is projected to retain its dominance throughout the forecast period. In 2017, the spark plug segment was valued at US$ 2414.3 million and is expected to reach US$ 3801.3 million by 2025 with a CAGR of 5.8% over the forecast period. Increasing sales of passenger cars that run on gasoline is one of the major factors expected to aid in growth of the market over the forecast period. According to International Organization of Motor Vehicle Manufacturers, the sales of passenger vehicles was 70,849,466 units in 2016 up from 69,506,882 units in 2015.

Asia pacific held the dominant position in spark plug and glow plug market in 2017
On the basis of geography, the spark plug and glow plug market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, the Asia Pacific market was valued at US$ 1542.6 million and is expected to reach US$ 2679.2 million by 2025 with a CAGR of 7.1%. India, China, Japan and South Korea are some of the major countries in the spark plugs market in this region. High sales of passenger cars in the region is one of the major factors for the growth of the spark plug market in this region. 

Explore market research @ https://www.coherentmarketinsights.com/market-insight/spark-plug-and-glow-plug-market-1474

For instance, according to   International Organization of Motor Vehicle Manufacturers, in 2017, the new sales or registration of new passenger car in China was 24,961,948 units up from 24,376,902 units in 2016. Similarly, in 2017, the new passenger car sales or registration in India, Japan, and South Korea was 3,227,701 units, 4,391,100 units and 1,495,468 units, respectively. This is expected to be one of the major driving factors for growth of the market in Asia Pacific. In addition to this, advancement in technology in spark plug and glow plug such as pressure sensor glow plugs for diesel engines is also expected to support in growth of market.

Key Players - Global Spark Plug and Glow Plug Market

The major players operating in the global spark plug and glow plug market include NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Borgwarner Inc., Denso Corporation, Robert Bosch Gmbh, General Motors (Acdelco Corporation), Delphi Automotive, Valeo, Weichai Power Co. Ltd., and UCI Fram Autobrands (Autolite)

Labels:

Comments

Post a Comment

Popular posts from this blog

Top Technologies Shaping Future of Cybersecurity!!

The threat of Cyber attacks are growing day by day across the world hence led big concern on  Cybersecurity. Cyber security includes- Application security, Information security, Network security, Disaster recovery/business continuity planning, Operational security and End-user education Types of cybersecurity threats: Ransomware  Malware  Social engineering Phishing  Artificial Intilligence and Blockchain are the Technologies that will help the cybersecurity to boost. AI-based attacks that will operate completely independently, adapt, make decisions on their own and more.  Blockchains are moving from the realm of just fueling cryptocurrencies like Bitcoin to providing smart contracts, identity management, and multiple ways of proving integrity of data. They may also hold the key to defending against IoT attacks.
Post a Comment
Read more

Transit Cards Market to Witness Enhanced Growth During 2018-2026

A transit card is a train, bus or metros pass or ticket that provides users the access to transportation services, either as part of a specific number of pre-purchased trips or boundless trips within a limited timeframe. Growing population and urbanization in emerging economies worldwide is increasing the demand for mobility. According to Population Reference Bureau Organization, in 2016, 7,418 million people accounted for the global population up from 7,336 million in 2015. For sample copy, download PDF @ https://www.coherentmarketinsights.com/insight/request-pdf/663 This increasing population has in turn increased demand for public transportation services in various countries worldwide. Public transportation has turned into the most favored method of transportation for individuals to avoid traffic congestion and air pollution. Travelling by trains, bus, and metros is generally more convenient, comfortable, and cost-effective. Public transport frameworks utilize modern ticketing...
Post a Comment
Read more

Nanotech Sensor! Latest Update You Need To Know

Nanotech Sensor Scientists have developed a nanotech sensor that can turns molecular fingerprints into bar codes, according to a study published on June 7, 2018.  This study was conducted by the scientists at the EPFL’s School of Engineering and at Australian National University (ANU). Until now, infrared spectroscopy was the commonly used method to detect and analyze organic compounds. However, it required complicated procedures and large, expensive instruments, which made device miniaturization challenging. This led to the discovery of a compact and sensitive nanophotonic system that can identify a molecule’s absorption characteristics without using conventional spectrometry. Source :  https://www.coherentnews.com/scientists-develop-nanotech-sensor-that-turns-molecular-fingerprints-into-bar-codes/
Post a Comment
Read more