Spark Plug Market By Product Type (Hot Spark Plug, Cold Spark Plug), By Electrode Material (Copper, Iridium, Platinum, Others), By Application Type (Automotive, Marine, Industrial, Others), By Demand Category (OEM, Aftermarket), Industry Analysis, Trends, and Forecast 2021 – 2027Report ID: BMRC 117 | Number of pages: 200 | Publish Date: May 2021 | Category: Automotive and Transport
Spark Plug Market is valued at USD 6678.1 Million in 2018 and expected to reach USD 9779.1 Million by 2025 with a CAGR of 5.6% over the forecast period. Increasing demand and production of automobiles is driving the growth of global spark plug market.
Scope of Report:
Spark plug market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about spark plug market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
The spark plug is used to ignite the combustion of the compressed fuel-air mixture during the compression cycle in spark ignition engine and it is the task of the spark plug to generate this spark. In combustion chamber, a flame front spreads from the spark and fills the combustion chamber until the air fuel mixture burned and the heat released increases the temperature inside of the combustion chamber, there is a rapid buildup of pressure in the cylinder and the piston is forced downwards. The movement is transferred via connecting rod to the crankshaft; this drives the vehicle via the clutch, the gears and the axles. The spark plug is widely used in automotive, marine and industrial sector.
The rising demand and production of automobiles due to the growing population and increasing consumer disposable income has resulted in the growth of spark plug market. Increased usage of fuel-based boats, other fuel driven machinery, generators and jets is also boosting the growth of spark plug market. Increasing Government initiatives to reduce carbon emission by using electric vehicle for public transport is also augment the market growth for spark plugs. However, the increasing trend of engine downsizing coupled with the growing demand for electric vehicles may hinder the growth spark plug market within the forecast period. In spite of that, technological advancements to improve the performance and ignitability can provide opportunities for the growth of spark plug market in the forecast period.
Key Players for Spark Plug Market Report–
Key Players of Spark Plug Market are like Federal-Mogul Corporation, Denso Corporation, BorgWarner Inc., Robert Bosch Gmbh, ACDelco, Weichai Power Co. Ltd., Megenti Marelli S.p.A, NGK Spark Plug Co. Ltd, Valeo, MSD Performance, HELLA GmbH & Co. KGaA and others
Spark Plug Market Segmentation –
By Product Type:
Hot Spark Plug
Cold Spark Plug
By Electrode Material:
By Application Type:
By Demand Category:
By Regional & Country Level:
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa