Market Overview:
The global vehicle glow plug market is estimated to be valued at US$ 1,362.8 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 metal glow plug segment is expected to account for a major share of the global market in terms of revenue, owing to its high efficiency and durability as compared with ceramic glow plugs. In terms of application, the OEM segment is anticipated to hold a dominant position in the global market throughout the forecast period. North America accounted for more than one-third share of the overall market in 2017 and is expected to maintain its dominance during 2018–2030. The growth of automotive industry across different regions has led manufacturers focus on product innovations that can improve fuel efficiency and reduce emissions from vehicles. Vehicle Glow Plug are one such product which helps engine start quickly even under extreme cold weather conditions or when battery power is low by providing heat directly into combustion chamber . Increasing demand for passenger cars & commercial vehicles , stringent emission norms by regulatory authorities are some factors driving growth of vehicle Glow Plug Market . Additionally , increasing demand for aftermarket services across different regions also fuels growth prospects for this market during forecast period .
Product Definition:
A glow plug is a heating element used in diesel engines to warm the engine's cylinders for starting.
Metal Glow Plug:
Metal Glow Plug is a device used in automotive glow plugs. It is an electronic component that glows when current passes through it. The metal glow plug has the ability to withstand high temperatures and can be removed without any tools, once the vehicle has reached operating temperature.
The global vehicle glow plug market size was valued at USD 1,37,500 thousand in 2015.
Ceramic Glow Plug:
The ceramic glow plug is a device used in diesel engines to monitor the combustion process and ensure that all cylinders are getting an adequate amount of fuel. The Glow plugs are small pieces of ceramic material which get heated up to 2,000 degrees Celsius when the engine is running. This hot spot ensures that all the essential components inside the cylinder reach their optimal operating temperature for efficient functioning.
Application Insights:
OEMs generate significant revenue as they control the entire vehicle supply chain. They design, manufacture and distribute their products through multiple channels which include automotive OEM manufacturers, aftermarket retailers and service providers. The OEM segment is expected to dominate the global market in terms of revenue share over the forecast period owing to its ability to influence other segments such as aftermarket & original equipment manufacturer (OEM) on various levels. For instance, an OEM¢â‚¬â„¢s decision regarding a new product introduction can be affected by factors such as consumer preferences or competitive landscape among others. Thus, controlling all aspects of a vehicle¢â‚¬â„¢s life cycle enables OEMs to capture maximum value for their investments in R&D and brand image maintenance efforts.
Regional Analysis:
Asia Pacific region is expected to witness significant growth over the forecast period owing to the rising demand for glow plugs from OEMs and aftermarket. The growing automotive industry in emerging economies, such as China, India, Indonesia and Thailand is also anticipated to drive regional growth. Furthermore, increasing investments by foreign companies in developing electric vehicles are likely to boost market development over the coming years.
North America region accounted for a share of more than 20% in 2017 owing to high demand from U.S., which has one of the largest automobile markets globally with presence of major players across all segments including luxury cars and utility vehicles. Europe was another prominent segment that accounted for around 25% of global market share due its adoption of advanced technologies across various vehicle segments including heavy commercial trucks and buses as well as passenger cars among others. Moreover, presence or leading manufacturers such as BMW Group; Mercedes-Benz AG; Volkswagen Group; AUDI AG etc.
Growth Factors:
- Increasing demand for vehicles in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in vehicle glow plugs
- Stringent emission norms by governments across the globe
- Growing popularity of diesel vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Glow Plug Market Research Report
By Type
Metal Glow Plug, Ceramic Glow Plug
By Application
OEM, Aftermarket
By Companies
Bosch, Borgwarner, NGK, Denso, Federal-Mogul, Hyundai Mobis, Delphi, Magneti Marelli, Valeo, FRAM Group, Kyocera, Hidria
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Glow Plug Market Report Segments:
The global Vehicle Glow Plug market is segmented on the basis of:
Types
Metal Glow Plug, Ceramic Glow Plug
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
OEM, Aftermarket
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
- Borgwarner
- NGK
- Denso
- Federal-Mogul
- Hyundai Mobis
- Delphi
- Magneti Marelli
- Valeo
- FRAM Group
- Kyocera
- Hidria
Highlights of The Vehicle Glow Plug 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:
- Metal Glow Plug
- Ceramic Glow Plug
- By Application:
- OEM
- Aftermarket
- 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 Vehicle Glow Plug 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?
A vehicle glow plug is a small, electric device that helps start your car. It's usually located in the engine compartment and plugs into the electrical system. When you turn on your car, the glow plug ignites and starts the engine.
Some of the major companies in the vehicle glow plug market are Bosch, Borgwarner, NGK, Denso, Federal-Mogul, Hyundai Mobis, Delphi, Magneti Marelli, Valeo, FRAM Group, Kyocera, Hidria.
The vehicle glow plug 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 Vehicle Glow Plug 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 Vehicle Glow Plug Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Glow Plug 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 Vehicle Glow Plug 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 Vehicle Glow Plug Market Size & Forecast, 2020-2028
4.5.1 Vehicle Glow Plug Market Size and Y-o-Y Growth
4.5.2 Vehicle Glow Plug 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 Metal Glow Plug
5.2.2 Ceramic Glow Plug
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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Glow Plug 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 Vehicle Glow Plug 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 Metal Glow Plug
9.6.2 Ceramic Glow Plug
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 OEM
9.10.2 Aftermarket
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 Metal Glow Plug
10.6.2 Ceramic Glow Plug
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 OEM
10.10.2 Aftermarket
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 Metal Glow Plug
11.6.2 Ceramic Glow Plug
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 OEM
11.10.2 Aftermarket
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 Metal Glow Plug
12.6.2 Ceramic Glow Plug
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 OEM
12.10.2 Aftermarket
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 Metal Glow Plug
13.6.2 Ceramic Glow Plug
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 OEM
13.10.2 Aftermarket
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 Vehicle Glow Plug Market: Competitive Dashboard
14.2 Global Vehicle Glow Plug Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Borgwarner
14.3.3 NGK
14.3.4 Denso
14.3.5 Federal-Mogul
14.3.6 Hyundai Mobis
14.3.7 Delphi
14.3.8 Magneti Marelli
14.3.9 Valeo
14.3.10 FRAM Group
14.3.11 Kyocera
14.3.12 Hidria
