Market Overview:
The global automotive spark plugs market is estimated to be valued at US$ 7,819.5 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The growth of the market can be attributed to the increasing demand for passenger cars and light commercial vehicles across the globe. In terms of type, the hot spark plugs segment is expected to account for a major share of the global automotive spark plugs market in 2018. However, with increasing demand for fuel-efficient vehicles, cold spark plugs are expected to witness higher growth during the forecast period. In terms of application, passenger cars are anticipated to hold a dominant position in the global automotive spark plugs market throughout 2030 owing high sales volume as compared with other applications such as light commercial vehicles and heavy commercial vehicles.
Product Definition:
A spark plug is a device used to create an electrical spark in an internal combustion engine. The spark ignites the air/fuel mixture in the engine's cylinders, powering the car. Spark plugs are typically replaced every few years or whenever they fail.
Hot Spark Plugs:
Hot spark plugs are devices containing an insulated electrode and a non-insulated electrode. The purpose of the device is to create a hot spot, which gives extra heat to the plug for faster combustion. It also helps in getting better efficiency from the air/fuel mixture by making it more stable and allowing better control over various factors such as temperature, pressure, and humidity.
Cold Spark Plugs:
The cold spark plugs are used to start the combustion process in an engine. They are also known as the pre-igniter or pre-heater plug. The function of a cold spark plug is to provide an initial boost of high voltage electricity that helps in starting the engine and lighting the fuel mixture fires, which then spreads into a hot flame that can efficiently burn all types of fuels including biodiesel, ethanol, gasoline and diesel.
Application Insights:
Passenger cars accounted for a major market share in 2017 and are expected to maintain their dominance over the forecast period. The increasing number of passenger vehicles on account of rising disposable income levels, coupled with low interest rates has been contributing significantly to the growth of this segment. Moreover, stringent government regulations regarding driver safety is further anticipated to propel demand over the forecast period.
The light commercial vehicle (LCV) segment is estimated to register a CAGR exceeding 4% from 2018 to 2030 owing to increased LCVs sales in developing countries such as India and China due to growing industrialization along with high employment rates among working class adults who can afford these smaller vehicles. In addition, LCVs have been witnessing an increase in demand across all regions as they provide ease of handling and load carrying ability which suits small businesses that operate around suppliers or customers location which has also contributed significantly towards market growth over the past few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising disposable income, increasing vehicle production and sales, and stringent government regulations regarding fuel emissions in countries such as India and China. Europe accounted for a significant share of global market demand in 2017 owing to stringent emission norms implemented by various governments across European countries. For instance, according to EU6APC (European Union Automotive Spark Plugs Market) data, Germany accounted for around 45% of total European plug sales in 2017.
North America was estimated at USD X million in 2017 on account of high demand from U.S., which is one of the major automotive markets globally owing to presence of several manufacturers including Ford Motors Company; General Motors Company; Tesla Inc.; BMW AG; Fiat Chrysler Automobiles N.V.; Porsche AG etc.).
Growth Factors:
- Increasing demand for automobiles: The global automotive industry is growing at a rapid pace. This is expected to drive the demand for automotive spark plugs in the coming years.
- Technological advancements: Automotive spark plugs are witnessing technological advancements, which is resulting in their increased adoption across different vehicle segments.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the world, which is driving the demand for high-performance automotive spark plugs.
- Rising popularity of diesel vehicles: The popularity of diesel vehicles is increasing globally, owing to their better fuel efficiency as compared to gasoline vehicles. This is expected to boost the demand for automotive spark plugs in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Spark Plugs Market Research Report
By Type
Hot Spark Plugs, Cold Spark Plugs
By Application
Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
By Companies
Bosch, DENSO, NGK, Valeo, Tenneco(Federal-Mogul), Autolite, Magneti Marelli, Eyquem, Zhuzhou Torch Spark Plug, Stitt, Bosch, Enerpulse, LDH, MSD, ACDelco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Spark Plugs Market Report Segments:
The global Automotive Spark Plugs market is segmented on the basis of:
Types
Hot Spark Plugs, Cold Spark Plugs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- DENSO
- NGK
- Valeo
- Tenneco(Federal-Mogul)
- Autolite
- Magneti Marelli
- Eyquem
- Zhuzhou Torch Spark Plug
- Stitt
- Bosch
- Enerpulse
- LDH
- MSD
- ACDelco
Highlights of The Automotive Spark Plugs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hot Spark Plugs
- Cold Spark Plugs
- By Application:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Spark Plugs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive spark plugs are a type of plug used in automobiles. They are designed to create an electric spark when the plug is inserted into the engine. This sparks the engine and starts it up.
Some of the key players operating in the automotive spark plugs market are Bosch, DENSO, NGK, Valeo, Tenneco(Federal-Mogul), Autolite, Magneti Marelli, Eyquem, Zhuzhou Torch Spark Plug, Stitt, Bosch, Enerpulse, LDH, MSD, ACDelco.
The automotive spark plugs market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Spark Plugs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Spark Plugs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Spark Plugs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Spark Plugs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Spark Plugs Market Size & Forecast, 2020-2028
4.5.1 Automotive Spark Plugs Market Size and Y-o-Y Growth
4.5.2 Automotive Spark Plugs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hot Spark Plugs
5.2.2 Cold Spark Plugs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicles
6.2.3 Heavy Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Spark Plugs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Spark Plugs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hot Spark Plugs
9.6.2 Cold Spark Plugs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Light Commercial Vehicles
9.10.3 Heavy Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hot Spark Plugs
10.6.2 Cold Spark Plugs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Light Commercial Vehicles
10.10.3 Heavy Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hot Spark Plugs
11.6.2 Cold Spark Plugs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Light Commercial Vehicles
11.10.3 Heavy Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hot Spark Plugs
12.6.2 Cold Spark Plugs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Light Commercial Vehicles
12.10.3 Heavy Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hot Spark Plugs
13.6.2 Cold Spark Plugs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Light Commercial Vehicles
13.10.3 Heavy Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Spark Plugs Market: Competitive Dashboard
14.2 Global Automotive Spark Plugs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 DENSO
14.3.3 NGK
14.3.4 Valeo
14.3.5 Tenneco(Federal-Mogul)
14.3.6 Autolite
14.3.7 Magneti Marelli
14.3.8 Eyquem
14.3.9 Zhuzhou Torch Spark Plug
14.3.10 Stitt
14.3.11 Bosch
14.3.12 Enerpulse
14.3.13 LDH
14.3.14 MSD
14.3.15 ACDelco
