Global automotive ignition coil aftermarket is expected to gain an unprecedented value of USD 5,973.3 million by 2025 with a CAGR of 4.93%, in terms of volume and 5.50% CAGR, in terms of value during the forecast period (2018–2025). Asia-Pacific is expected to be a prominent region in the automotive ignition coil aftermarket due to growing automobile manufacturing industry, especially in countries such as China, India, and Malaysia. Along with this, the increase in demand for efficient engines and the growing popularity of reduced engine size are factors that are leading to the improvement in product specification, owing to the development of new technologies, easpecially in Asia-Pacific and Europe are some of the factors that are expected to drive the automotive ignition coil aftermarket during the forecast period.
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Some of the prominent players in the global automotive ignition coil aftermarket are
- NGK SPARK PLUG CO., LTD (Japan)
- Wells Vehicle Electronics (US)
- Denso Corporation (Japan)
- Delphi Technologies (UK)
- Robert Bosch GmbH (Germany)
- BorgWarner Inc. (US)
- Hitachi Automotive Systems, Ltd (Japan)
- Standard Motor Products, Inc. (US)
- Valeo (France)
- ACDelco (US)
- Beru (Germany)
- Spectra Premium (Canada)
- By Product – Pencil Ignition Coil, Ignition Coil Rail, Electronic Distributor Coil, Can-type Ignition Coil, Double Spark Coil, and Others
- By Vehicle Type – Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle
On the basis of region, the Automotive Ignition Coil Aftermarket is segmented in to Asia-Pacific (APAC), Europe, North America, and the rest of the world. The global automotive ignition coil aftermarket is estimated to register a 5.50% CAGR during the forecast period, 2018-2025. In 2017, the market was led by Asia-Pacific with a 37.27% share, followed by Europe and North America with shares of 29.96% and 24.36%, respectively. The growth of Asia-Pacific can be attributed to various factors, such as the growing automotive manufacturing industry, shifting preference of the consumers from mileage-centric to feature-loaded vehicles, and cheap availability of customizable parts in the aftermarket. Moreover, the premium automotive parts and component manufacturers, such as Denso Corporation, Hitachi Automotive Systems, Ltd, and NGK Spark Plug Co., Ltd are rapidly expanding their domestic presence in the region to cater to the rising needs of the consumers.
The global automotive ignition coil aftermarket is expected to reach USD 5,973.3 million at a CAGR of over 5.50%, in terms of value and 4.93%, in terms of volume, by the end of the forecast period.
Taste the market data and market information presented through more than 160 market data tables and 30 figures spread over 147 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Automotive Ignition Coil Aftermarket Research Report- Forecast to 2025.”
Key Questions Addressed by the Report
- What was the historic market size (2017)?
- Which segmentation (Capacity/Type/Application is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
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