Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Automotive Spark & Glow Plugs Market: Global Industry Analysis and Forecast 2014 - 2020".
New York, NY -- (SBWIRE) -- 06/02/2015 -- Automotive spark plugs generate sparks to ignite the air-fuel mixture at high pressure in the combustion chamber of a diesel engine. Fuel combustion takes place automatically in normal weather. However, in cold weather, ignition temperature is not always achieved. Glow plugs are mainly used in winter to assist with the ignition process by heating the air-fuel mixture. The increasing number of automobiles is the key driver for the automotive spark & glow plugs market. Diesel engines do not use spark plugs as they rely on compression to raise air temperature to a point where diesel combusts spontaneously.
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There is a large market for spares of spark plugs and glow plugs as these need to be changed several times through the life of a vehicle. There is no set time frame for the replacement of spark and glow plugs. However, automotive experts recommend the replacement of glow plugs at a mileage of every 60,000 miles of the vehicle. Based on vehicle type, the automotive spark & glow plugs market is classified as passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). In 2012-13, passenger cars dominated the automotive spark and glow plugs market, followed by light commercial vehicles. Based on type of engine cylinder layout, automotive spark & glow plugs market can be classified as L3, L4, L5, L6, V6, V8, V10, and V12.
Based on type, spark plugs can be segmented into: hot spark plugs and cold spark plugs, and glow plugs into: metal glow plugs and ceramic glow plugs. In 2013, hot spark plugs had the highest share in the spark plugs market, while metal glow plugs dominated the glow plugs market. Due to increasing demand for small- and medium-sized passenger cars, spark plugs are expected to dominate the passenger car segment during the forecast period. Engine downsizing and growing number of electric vehicles are emerging as restraints for the automotive spark & glow plugs market. However, due to high prices of electric cars, the spark plugs market is not expected to be hampered in the near future.
Asia Pacific dominated the global spark & glow plugs market in 2013, followed by North America. This is due to large demand for gasoline-fueled light commercial vehicles in the region. Asia Pacific was the global leader in the spark plugs market, whereas Europe dominated the glow plugs market. The dominance of Europe in the glow plugs market is due to large demand for diesel vehicles in the region. China, Japan, India, and South Korea lead the automotive spark & glow plugs market in Asia Pacific, while in Europe the market is dominated by Germany, the U.K., France, and Spain. Growth in the Asia Pacific region is mainly due to increasing demand for vehicles in China and India.
The automotive spark & glow plugs market has a consolidated framework, wherein few companies hold a large portion of the market. Major companies in this market are NGK Spark Plug Co., Ltd, DENSO Corporation, Robert Bosch GmbH, ACDelco Corporation, Valeo, Waichai Power Co., Ltd., UCI-FRAM AutoBrands, and BorgWarner Inc. Most of these companies are based in Japan, Germany, and the U.S.
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Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.-
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