Press Resease

Spark Plug Market - By Electrode Material (Platinum, Iridium, Copper, and Others); By Product Type (Cold Spark Plug And Hot Spark Plug); By Distribution Channel (Aftermarket And OEM), By Application (Industrial, Marine, Automotive, And Others); And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 23-Feb-2021 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-1727 Status : Published

The global Spark Plug market, which was estimated at about 798 (USD Million) in 2017 and is predicted to accrue earnings worth 1,498 (USD Million) by 2025, is set to record a CAGR of nearly about 8.23% over 2019-2025.

Description

The global Spark Plug market, which was estimated at about 798 (USD Million) in 2017 and is predicted to accrue earnings worth 1,498 (USD Million) by 2025, is set to record a CAGR of nearly about 8.23% over 2019-2025. The report offers valuation and analysis of Spark Plug market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).

Introduction

Spark plug is the equipment supplying power from ignition system to combustion chamber of a spark ignition engine to kindle the compressed air composition through electric spark. In addition to this, spark plug possesses a metal threaded shell, electrically isolated from a central electrode through a ceramic insulator. Apart from supplying electricity, the electronic device can also be utilized in Saab Direct Ignition and also used for measuring cylinder ionization. Apparently, spark plugs finds plethora of uses in furnace as flame igniters.  

Market Growth Dynamics

The expansion of spark plug industry over the assessment period can be credited to escalating demand for automobiles. In addition to this, strict laws imposed by government for reducing the GHG emissions will further contribute towards overall market size in the years ahead. Breakthroughs resulting in performance improvement and ignitability will produce new growth avenues for spark plug market over the forecast timeline. Nevertheless, growing engine downsizing pattern and massive popularity of electric vehicles can pose a threat to the expansion of spark plug industry over the assessment period.

Furthermore, oscillating need for gasoline and diesel engines in passenger cars can proliferate the expansion of spark plug industry over the forecast timeline. Apart from this, surge in the number of petrol-based generators, jet skins, and small & recreational boats will prompt the business growth over the anticipated timeframe. Additionally, escalating commercial vehicle demand and need for enhancing the car performance in developing regions will pave a way for the expansion of spark plug industry in the years to come.

Asia Pacific Market To Grow Exponentially During 2019-2025

The expansion of spark plug market in Asia Pacific over the forecast timeline is due to rise in the vehicle on roads across the countries like India, Japan, and China. In addition to this, the accentuated growth in the sub-continent can be attributed to the region being the largest producer & exporter of natural gas as well as gasoline. Apart from this, increase in the use of gas-powered passenger cars in the emerging economies of the Asia Pacific will reinforce the industry growth in the foreseeable future. Countries including Singapore and Thailand are also likely to drive the regional market growth in the upcoming years.

Key participants profiled in the report include Federal-Mogul Corporation, Weichai Power Co. Ltd., NGK Spark Plug Co. Ltd., Robert Bosch Gmbh, Megenti Marelli S.p.A, Denso Corporation, ACDelco, MSD Performance, HELLA GmbH & Co. KGaA, and Valeo.

The global spark plug market is segmented as follows:

By Product Type

  • Hot Spark Plug
  • Cold Spark Plug

By Electrode Material

  • Copper
  • Iridium
  • Platinum
  • Others

By Application Type

  • Automotive
  • Marine
  • Industrial
  • Others

By Distribution Channel

  • OEM
  • Aftermarket

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Spark Plug Market, 2015–2025 (USD Million)
    • 2.2. Spark Plug Market: Snapshot
  • Chapter 3. Global Spark Plug Market– Industry Analysis
    • 3.1. Spark Plug Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. A rapid upswing in spark plug industry over the assessment period can be credited to escalating demand for automobiles.
      • 3.2.2. Strict laws levied by government for reducing the GHG emissions will further contribute towards overall market size in the years ahead.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product Type
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis By Electrode Material
      • 3.4.4. Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Spark Plug Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Spark Plug Market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Spark Plug Market– Product Type Analysis
    • 5.1. Global Spark Plug Market overview: By Product Type
      • 5.1.1. Global Spark Plug Market share, By Product Type, 2018 and 2025
    • 5.2. Culd Spark Plug
      • 5.2.1. Global Spark Plug Market By Culd Spark Plug , 2015–2025 (USD Million)
    • 5.3. Hot Spark Plug
      • 5.3.1. Global Spark Plug Market By Hot Spark Plug, 2015–2025 (USD Million)
  • Chapter 6. Global Spark Plug Market– Distribution Channel Analysis
    • 6.1. Global Spark Plug Market overview: By Distribution Channel
      • 6.1.1. Global Spark Plug Market share, By Distribution Channel, 2018 and 2025
    • 6.2. Aftermarket
      • 6.2.1. Global Spark Plug Market By Aftermarket, 2015–2025 (USD Million)
    • 6.3. OEM
      • 6.3.1. Global Spark Plug Market By OEM, 2015–2025 (USD Million)
  • Chapter 7. Global Spark Plug Market– Application Analysis
    • 7.1. Global Spark Plug Market overview: By Application
      • 7.1.1. Global Spark Plug Market share, By Application , 2018 and 2025
    • 7.2. Industrial
      • 7.2.1. Global Spark Plug Market By Industrial, 2015–2025 (USD Million)
    • 7.3. Marine
      • 7.3.1. Global Spark Plug Market By Marine, 2015–2025 (USD Million)
    • 7.4. Automotive
      • 7.4.1. Global Spark Plug Market By Automotive, 2015–2025 (USD Million)
    • 7.5. Others
      • 7.5.1. Global Spark Plug Market By Others, 2015–2025 (USD Million)
  • Chapter 8. Global Spark Plug Market– Electrode Material Analysis
    • 8.1. Global Spark Plug Market overview: By Electrode Material
      • 8.1.1. Global Spark Plug Market share, By Electrode Material , 2018 and 2025
    • 8.2. Platinum
      • 8.2.1. Global Spark Plug MarketBy Platinum, 2015–2025 (USD Million)
    • 8.3. Iridium
      • 8.3.1. Global Spark Plug MarketBy Iridium, 2015–2025 (USD Million)
    • 8.4. Copper
      • 8.4.1. Global Spark Plug MarketBy Copper, 2015–2025 (USD Million)
    • 8.5. Others
      • 8.5.1. Global Spark Plug MarketBy Others, 2015–2025 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1. Weichai Power Co. Ltd.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfulio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Robert Bosch Gmbh
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfulio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Denso Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfulio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. ACDelco
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfulio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. HELLA GmbH & Co. KGaA
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfulio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Federal-Mogul Corporation
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfulio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. MSD Performance
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfulio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Megenti Marelli S.p.A
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfulio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. NGK Spark Plug Co. Ltd
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfulio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development

Methodology


Frequently Asked Questions

The expansion of spark plug industry over the assessment period can be credited to escalating demand for automobiles. In addition to this, strict laws enforced by government for reducing the GHG emissions will further contribute towards overall market size in the years ahead. Breakthroughs resulting in performance improvement and ignitability will produce new growth avenues for spark plug market over the forecast timeline. Furthermore, oscillating need for gasoline and diesel engines in passenger cars can proliferate the expansion of spark plug industry over the forecast timeline. Apart from this, surge in the number of petrol-based generators, jet skins, and small & recreational boats will prompt the business growth over the anticipated timeframe.

 

According to Zion Market Research report, the global Spark Plug market, which was estimated at about 798 (USD Million) in 2017 and is predicted to accrue earnings worth 1,498 (USD Million) by 2025, is set to record a CAGR of nearly about 8.23% over 2019-2025.

Asia Pacific is likely to make noteworthy contributions towards overall Spark Plug Market revenue over 2019-2025. The growth of the market in the region over estimated timespan can be ascribed to rise in the vehicle on roads across the countries like India, Japan, and China. In addition to this, the accentuated growth in the sub-continent can be attributed to the region being the largest producer & exporter of natural gas as well as gasoline. Apart from this, increase in the use of gas-powered passenger cars in the emerging economies of the Asia Pacific will reinforce the industry growth in the foreseeable future. Countries including Singapore and Thailand are also likely to drive the regional market growth in the upcoming years.

The key players profiled in the report include Federal-Mogul Corporation, Weichai Power Co. Ltd., NGK Spark Plug Co. Ltd., Robert Bosch Gmbh, Megenti Marelli S.p.A, Denso Corporation, ACDelco, MSD Performance, HELLA GmbH & Co. KGaA, and Valeo.
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