In terms of value, the automotive spark plugs market is anticipated to grow at a CAGR of 5.29% whereas the glow plugs market is estimated to grow at a CAGR of 7.81% from the period of 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 01/13/2015 -- The report "Automotive Spark & Glow Plugs Market by Vehicle Type (Passenger Car, LCV & HCV), Product Type (Spark plug-Hot & Cold, Glow plug-Metal & Ceramic), Engine Cylinder Layout Type, Market (OE & Aftermarket) & Region - Industry Trends & Forecast to 2019", classifies and defines the automotive spark and glow plugs market in terms of value and volume. The report highlights potential growth opportunities for the automotive spark and glow plugs market in the forthcoming years, and also includes a review of market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the automotive spark and glow plugs market.
Browse 82 market data tables and 38 figures spread through 220 pages and in-depth TOC on "Automotive Spark & Glow Plugs Market - Industry Trends & Forecast to 2019"
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Asia-Oceania: Largest Market for Spark Plugs
The key countries in the Asia-Oceania region include China, Japan, India, and South Korea. This region is estimated to be the largest market for spark plugs as it accounts for the largest share of passenger cars that run on gasoline. According to the study, Asia-Oceania is estimated to hold the largest share approximately 52.88% of the spark plug market in 2019. China is likely to be the major revenue contributor in this region. Key players such as Denso Corporation (Japan), NGK Spark Plug Co., Ltd. (Japan), and Robert Bosch GmbH (Germany), have a strong presence in this region.
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Europe: Largest Market for Glow Plugs
The European region includes Germany, France, U.K., and Spain. Diesel vehicles are prevalent in this region, resulting in the maximum demand for glow plugs. Vehicle manufacturers, including Volkswagen AG (Germany), Daimler AG (Germany AG), and Renault S.A. (France), include diesel vehicles in their vehicle fleet specifically for the European region. To cater to this demand for glow plugs, Tier 1 glow plug suppliers such as Robert Bosch GmbH (Germany), Denso Corporation (Japan), NGK Spark Plug Co., Ltd. (Japan), BorgWarner Inc. (U.S.), and Federal Mogul Corp, (U.S.) have established a presence in this region.
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