Spark Plug Market was valued at USD 800Mn in 2017 and is expected to reach USD 1560Mn by 2026, at a CAGR of 8.71% during a forecast period.
“Spark Plug Market” Size 2020 to 2026 report provides a basic outline of the industry including definitions, classifications, applications and industry chain structure. The Spark Plug market analysis is provided for the global market including growth history, competitive background analysis, and major regions’ development status.
The ultimate plug is to meet the demands of racing teams across the world. The plugs for racing cars that maximize the strength of the engines – are playing an important role to create demand in automotive industries for other vehicle too. Growing acceptance is supporting the manufacturers to develop and meet the demand for efficient spark plugs.
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The Spark Plug market share sector is becoming increasingly diverse with a huge range of modifications appearing across the market. With so many variants and the global Spark Plug market for the industry projected to increase by 2026, it’s vital to keep up-to-date with cutting-edge advancements, new technologies and inventions to stay ahead of the race in this fast-changing sector.
Spark Plug Market was valued at USD 800Mn in 2017 and is expected to reach USD 1560Mn by 2026, at a CAGR of 8.71% during a forecast period.
Based on the Vehicle Type, Two-Wheeler segment is expected to hold the largest share in the market during the forecast period. Rising 2 wheeler sales and lowering maintenance costs. Two wheeler are getting better acceleration as the combustion efficiency is improved, for the same reason the pollution levels also go down. Spark plug helps in two wheeler to improve in mileage due to better and improved combustion of fuel. Manufacturer are designing special plugs for special engines. In Electrode Material, Platinum is also expected to lead the market growth.
The report provides details list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the Spark Plug market are High rates of fuel have forced competition among the companies to focus on delivering performance-oriented products. Spark plug has revolutionized the automotive industry by lowering the emission, resolving the cold starting problems while boosting the performance of the vehicles. Growing automobile production and sales coupled with increasing preference for dual-fuel option Passenger Vehicles and various ongoing and upcoming technological advancements are expected to boost the sales of automotive spark plugs at global market over the coming years. Increasing RandD activities by major players for development of cost effective product is expected to create new opportunities. Growth in electric vehicle and electrically powered working equipment will act as a restraint to the market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Spark Plug market dynamics, structure by identifying and analysing the market segments by Type, End-user, and Region and, project the global market size. Further, report also focus on competitive analysis of key players by price, financial position, portfolio, growth strategies and regional presence. The Spark Plug report also provides PEST analysis, PORTER`s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
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Following are the major manufactures in the growing Spark Plug industry: General Motors, NGK Spark Plug Co. Ltd., Borgwarner Inc., Robert Bosch GmbH., Federal-Mogul Corporation, Denso Corporation, UCI-Fram Autobrands, Delphi Automotive, Weichai Power Co. Ltd., Valeo, Renault S.A, Daimler AG, Volkswagen AG, Nanjing Huade Spark Plug Co., Ltd., Brisk Spark Plugs
Scope of the Report for Spark Plug Market:Global Spark Plug Market, by Product TypeHot Spark PlugCold Spark PlugGlobal Spark Plug Market, by Vehicle TypeTwo-WheelerPassenger VehicleThree-WheelerGlobal Spark Plug Market, by Electrode MaterialCopperIridiumPlatinumOthersGlobal Spark Plug Market, by Sales ChannelOriginal Equipment Manufacturers (OEM)Aftermarket
Highlights of Spark Plug Market report forecast analysis:
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Detailed TOC of Global Spark Plug Market:
Preface
1.1. Research Objectives
1.2. Report Scope and Market Segmentation
Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary End-Users
2.3.2. Primary Research
2.3.2.1. Data from Primary End-Users
2.3.2.2. Breakdown of Primary End-Users
Executive Summary
3.1. Global Spark Plug Market Size, by Market Value and Market Volume
Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
Market Decision Framework
5.1. Porter`s Analysis
5.2. Value Chain Analysis
5.3. SWOT Analysis
5.4. PEST Analysis
Global Spark Plug Market Analysis and Forecast
6.1. Global Spark Plug Market Sizeand Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East and Africa
6.1.5. South America
Global Spark Plug Market Analysis and Forecast, by Type
Global Spark Plug Market Analysis and Forecast, by End-User
Global Spark Plug Market Analysis, by Region
Competitive Landscape
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