Spark Plugs Market 2018
Spark Plugs Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Spark Plugs Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Spark Plugs Market Information by Product type (Hot Spark Plug and Cold Spark Plug), by Material Type (Copper Spark Plug, Platinum Spark Plug, Iridium Spark Plug, and others), by Market (Original Equipment Market and Aftermarket), by Vehicle Type (Passenger Vehicle And Commercial Vehicle), and by Region – Forecast to 2022
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NGK Spark Plug Co. Ltd (Japan), Federal-Mogul Corporation (U.S.), Borgwarner Inc. (U.S.), Denso Corporation (Japan), Robert Bosch Gmbh (Germany), General Motors (U.S.), Delphi Automotive (Ireland), Valeo (France), Weichai Power Co. Ltd. (China), and Stitt (U.S.) are some of the major players that are at the forefront of competition in the global spark plugs market.
Global Spark Plugs Market – Overview
Automotive spark plugs are essential components of the vehicles, which help in delivering the electric current from the ignition system to the combustion chamber of the engine. There are four types of spark plugs such as the copper spark plugs, iridium spark plugs, platinum spark plugs, and double platinum spark plugs. When the pressure inside the combustion chamber is at an optimal level, these spark plugs help ignite the mixture of fuel and air with an electric spark.
Copper spark plugs are lower in cost and have the least longevity as compared to the other spark plugs. This is primarily because copper gets eroded away quickly, which is a characteristic property of the metal. On the other hand, and therefore, copper spark plugs operate much cooler as compared to the other spark plugs, as copper is a good conductor of electricity. Therefore, the copper spark plugs deliver a better performance. Concurrently, platinum spark plugs are less conductive to electricity and are highly priced. Moreover these spark plugs tend to get overheated under normal driving conditions. However, the platinum spark plugs have a higher longevity as compared to the copper spark plugs, which makes them preferable by some of the automobile manufacturers.
Some major drivers of the global spark plugs market are increase in the production and sales of the vehicles and rise in the number of gasoline -based power generators. In addition, the stringent emission norms and demand for fuel efficient vehicles also influence the growth of the global spark plugs market. Concurrently, the rise in the adoption of electric vehicles is a key challenge that would adversely affect the global spark plugs market. Therefore, the usage of natural gas-based power generators is currently trending in the market.
The spark plugs market can be classified by product type, by material type, market, vehicle type, and by geography. On the basis of product type, the market can be classified into hot spark plug and cold spark plug. On the basis of material type, the market can be segmented into copper spark plug, platinum spark plug, iridium spark plug, and others. On the basis of market, the market can be segmented by original equipment market and aftermarket. On the basis of vehicle type, the market can be segregated as passenger vehicles and commercial vehicles. In terms of geography, the market can be segmented into North America, Europe, Asia Pacific, and Rest of the World.
Industry/ Innovation/ Related News:
July 2018: Federal-Mogul Motorparts became a strategic partner of the Automotive Distribution Network, across all of their available product categories.
May 2018: NGK Spark Plugs became a shareholder of TecAlliance, a leading automotive data management and integrated management solutions provider for automobile manufacturers and workshops.
Global Spark Plugs Market – Segmentation
The global spark plugs market is segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Type : Comprises Hot Spark Plug and Cold Spark Plug
Segmentation by Material Type: Comprises Copper Spark Plug, Platinum Spark Plug, Iridium Spark Plug, and others
Segmentation by Market: Comprises Original Equipment Market and Aftermarket
Segmentation by Vehicle Type: Passenger Vehicle and Commercial Vehicle
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Spark Plugs Market: Regional Analysis
Among the regions, Asia Pacific had the most lucrative spark plug market as of 2017, primarily due to the increase in development of the number of vehicles in China, India, and Japan. Moreover, the presence of the major vehicle manufacturers in China and their continued automotive innovations and development fuels the regional market growth. Europe is also a prominent region in the global market, largely due to the presence of the major automobile manufacturers in the region.
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