PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587888
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587888
Automotive Spark and Glow Plugs Market, By Product Type, By Vehicle Type, By Distribution Channel OEM and Aftermarket), By Geography
Global automotive spark and glow plugs market is estimated to be valued at US$ 8.42 Bn in 2024 and is expected to reach US$ 9.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 1.9% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 8.42 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 1.90% | 2031 Value Projection: | US$ 9.63 Bn |
Spark plugs and glow plugs play a crucial role in the ignition of gasoline and diesel engines respectively. Spark plugs create electric sparks to ignite air-fuel mixture in gasoline engines, while glow plugs heat up engine's combustion chamber to assist ignition in diesel engines during cold starts. Growing automotive manufacturing and rising demand for vehicles with efficient ignition systems will propel the need for spark and glow plugs. Moreover, stricter emission regulations will also necessitate frequent replacement and upgrading of these plugs to improve engine performance. Technological advancements in plug design catering to new fuel types will further support market expansion over the coming years.
Market Dynamics:
Global automotive spark and glow plugs market is expected to grow at a healthy pace during the forecast period, driven by factors such as increasing vehicle production and sales worldwide. Growing automotive manufacturing, especially in the Asia Pacific region supported by low-cost manufacturing and rising disposable incomes in countries like India and China, will bolster the plug demand. Furthermore, stringent emission regulations mandating periodic plug replacement and upgrade are prompting manufacturers to develop advanced ignition solutions, thereby creating growth opportunities. However, the development of hybrid and electric vehicles which do not require spark or glow plugs can hamper the market growth to some extent. Ongoing R&D towards more efficient plugs catering to alternate fuel engines, such as LPG and CNG, present new prospective opportunities.
Key Features of the Study:
This report provides in-depth analysis of the global automotive spark and glow plugs market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global automotive spark and glow plugs market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include NGK Spark Plug Co., Ltd., Denso Corporation, Robert Bosch GmbH, Federal-Mogul Corporation (Tenneco), BorgWarner Inc., Autolite (FRAM Group), Delphi Technologies, ACDelco (General Motors), Valeo, and Magneti Marelli
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global automotive spark and glow plugs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive spark and glow plugs market
Market Segmentation
- By Product Type Insights (Revenue, USD, 2019 - 2031)
- Hot Spark Plug
- Cold Spark Plug
- Glow Plug
- Diesel Glow Plug
- By Vehicle Type Insights (Revenue, USD, 2019 - 2031)
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
- By Distribution Channel Insights (Revenue, USD, 2019 - 2031)
- OEM
- Aftermarket
- By Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- NGK Spark Plug Co., Ltd.
- Denso Corporation
- Robert Bosch GmbH
- Federal-Mogul Corporation (Tenneco)
- BorgWarner Inc.
- Autolite (FRAM Group)
- Delphi Technologies
- ACDelco (General Motors)
- Valeo
- Magneti Marelli
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Recent Developments/Updates
- Industry Trend
4. Global Automotive Spark and Glow Plugs Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Automotive Spark and Glow Plugs Market - COVID-19
- Impact Analysis
5. Global Automotive Spark and Glow Plugs Market, By Product Type, 2019-2031, (USD)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hot Spark Plug
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cold Spark Plug
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Glow Plug
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Diesel Glow Plug
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Automotive Spark and Glow Plugs Market, By Vehicle Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Passenger Cars
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Light Commercial Vehicles
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Heavy Commercial Vehicles
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Automotive Spark and Glow Plugs Market, By Distribution Channel, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- OEM
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Aftermarket
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Automotive Spark and Glow Plugs Market, By Region, 2019 - 2031, Value (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- NGK Spark Plug Co., Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Denso Corporation
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Robert Bosch GmbH
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Federal-Mogul Corporation (Tenneco)
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- BorgWarner Inc.
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Autolite (FRAM Group)
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Delphi Technologies
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- ACDelco (General Motors)
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Valeo
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
- Magneti Marelli
- Company Overview
- Product Portfolio
- Recent Developments/ Updates
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us
