The Spark Plug Market is expected to rise at annual rate of 4.6% in the forecast period of 2020 to 2027 due to the increasing demand for vehicles which is the vital factor.
- On the other hand, engine downsizing to reduce vehicle weight and rising penetration of electric vehicle and electrically powered working equipment are the factors expected to obstruct the spark plug market growth in the above mentioned forecast period. Maintaining balance between low cost, high performance and durability of spark and glow plugs are projected to challenge the spark plug market.
Spark Plug Market Scenario
According to Data Bridge Market Research, the market for spark plug accelerates due to the government norms and regulations pertaining to fuel efficiency and emissions and increase in number of gasoline or natural gas-powered generators and small and recreational boats. Additionally, rise in production and sales of vehicle and improvement of transportation industry fuel the spark plug market growth. Furthermore, advancement in technology and rising growth in demand for natural gas-powered vehicle extend profitable opportunities to the spark plug market players.
Now the question is which are the other regions that for spark plug market is targeting? Data Bridge Market Research has estimated the largest growth in Asia-Pacific because of the rising expansion of automobile infrastructure in developing countries such as China and India and growing industrial sector. North America and Europe are expected to witness significant growth due to the increased production of gasoline light commercial vehicles (LCVs) across the region and rising demand for cold spark plug.
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Spark Plug Market Scope
The spark plug market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country-based analysis of spark plug market is further analyzed based on maximum granularity into further segmentation. The spark plug market on the basis of product type has been segmented into spark plugs and glow plugs. On the basis of material, the spark plug market is segmented into copper, platinum and iridium spark plug. Based on sales channel, the spark plug market is segmented into OEM and aftermarket. Based on application, the spark plug market is segmented into automotive, marine, industrial and others. Others have been further segmented into working equipment, brush cutters, scythes, mowers, and saws. Based on vehicle type, the spark plug market is segmented into passenger car, LCV and HCV. The spark plug market is also segmented on the basis of engine layout into L3, L4, L5, L6, V6, H6, V8, V10 and V12.
- A spark plug refers to a vital component that is known to be essential for the functioning of a vehicle engine. These plugs play an important role in every vehicle that has an internal combustion engine.
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Key Pointers Covered in the Spark Plug Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- NGK SPARK PLUG CO.,LTD.
- Tenneco Inc.
- BorgWarner Inc.
- DENSO CORPORATION
- Robert Bosch GmbH
- General Motors
- Valeo
- Delphi Technologies
- WEICHAI POWER CO.,LTD
- Atlas
- SELPLAN
- Performance Online (POL)
- YAMAHA Motor Pvt. Ltd.
Above are the key players covered in the report, to know about more and exhaustive list of spark plug companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-spark-plug-market
Research Methodology of Spark Plug Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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