Spark Plugs Market Is Expected to Grow at a CAGR of 5.5% by 2022
Global Spark Plugs Market Information by Product type (Hot Spark Plug and Cold Spark Plug), by Material Type (Copper Spark Plug, Platinum Spark Plug, Iridium Spark Plug, and others), by Market (Original Equipment Market and Aftermarket), by Vehicle Type (Passenger Vehicle And Commercial Vehicle), and by Region - Forecast to 2022
Pune, Maharashtra -- (SBWire) -- 02/06/2017 --Market Research Future published a half-cooked research report on global spark plugs market. The global market spark plugs is expected to grow at a CAGR of about 5.5% during the forecast period, 2016 to 2022.
Spark Plugs are the device to transfer the electric current from ignition system to combustion chamber of a vehicle. Stringent regulations & norms by government regarding emissions & fuel efficiency and growth of automotive industries are driving the market for spark plugs. Advanced spark plugs improves cold starting and generates efficient combustion which in turn increases the fuel efficiency and performance of the vehicles. Hot spark plugs by product type contributes the largest share of the global spark plugs market. Also, shift towards electric vehicles is restraining the growth of global market for spark plug. The global Spark Plugs market is expected to show a growth at CAGR of about 5.5% from 2016 to 2022.
Asia-Pacific is expected to dominate the spark plugs market in the forecast period. Asia-Pacific holds the largest market for the automotive industries. Asia-Pacific region is dominated by spark plugged petrol engine vehicles which in turn is expected to drive the market for spark plug.
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Key Players of Spark Plugs Market:
- NGK Spark Plug Co. Ltd.
- Federal-Mogul Corporation
- Borgwarner Inc.
- Denso Corporation,
- Robert Bosch Gmbh
- General Motors (Acdelco Corporation)
- Delphi Automotive
- Weichai Power Co. Ltd.
- UCI-Fram Autobrands (Autolite)
Scope of the report:
This study provides an overview of the global spark plugs industry, tracking market segments across the categorized four geographic regions. The report provides a five-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world. The scope of the study segments the global spark plugs market based on product type, material type, market, and vehicle type.
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Brief TOC for Spark Plugs:
1. Report Prologue
2.2. Scope of the Study
2.2.1. Research Objective
2.3. Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
4. Market Dynamics
4.1. Drivers & Opportunities
4.2. Challenges & Restraints
4.3. Value Chain Analysis
4.4. Porter's Five Forces Analysis
5. Spark Plugs Market, By Product Type
5.2. Hot Spark Plug
5.3. Cold Spark Plugs
- Manufacturers of Spark Plugs
- Raw material suppliers for Spark Plugs
- Automotive OEMs and Aftermarkets
- Government and research organization
- Investment bankers and M&A Consultants
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