Market Scenario:

A spark plug is a device to transfer electric current from an ignition system to the combustion chamber of an internal combustion engine to ignite the compressed fuel/air mixture by an electric spark. The global spark plugs market is projected to grow at a CAGR of about 5.5 % during the forecast period between 2016 to 2022.

Market Dynamics:

Growing Automobiles And Applications Expanse Is Driving A Concurrent Market Demand

The International Organization of Motor Vehicle Manufacturers 2016 report estimates that the global cars numbered 72,105,435 while commercial vehicles totaled 22,871,134. The global vehicles volume grew by a healthy 4.5 % over the 2015 year. Thus, a significant and sustainable market is easily comprehensible. Increasing adoption of twin spark engines is another driver of the market.

Technological Advancements And Growing Stringency Of Environmental Regulations Is Driving A Large Demand

Applications expanse of spark plugs includes Direct Ignition systems where spark plugs are used to measure ionization in the cylinders used to replace the conventional cam phase sensor, knock sensor and misfire measurement function. Spark plugs are being employed in more significant numbers in combustible fuel/air mixture furnaces. Stringent regulations & norms by the government regarding emissions & fuel efficiency and growth of automotive industries are driving the market for spark plugs. Advanced spark plugs improve cold starting and generate efficient combustion, which in turn increases the fuel efficiency and performance of the vehicles.

High Market Fragmentation And Advent Of Electric Vehicles Is Hurting Market Growth

There is extreme pricing pressure owing to considerable market fragmentation and presence of smaller players. A shift towards electric vehicles is expected to drive a slower growth. The change in favor of public transport and growing efficiency of engines is dampening the demand for spark plugs.

Get Sample Report of Spark Plugs Market@ https://www.marketresearchfuture.com/sample_request/1931

Regional Analysis:

The Asia Pacific region leads the global spark plug industry in 2016 owing to the explosive growth of vehicles in India, Vietnam, and China. Further, Government incentives such as the lowering of VAT rate on small and medium-sized vehicles presents a tremendous market opportunity. Growing economy, industrialization and low manufacturing cost owing to cheap labor are other drivers of the Asia Pacific market.

The North America market is dominated by the U.S. followed by Europe. Europe is led by Germany, France, Italy and U.K. The crucial automotive industry of Germany presents a massive market opportunity.

The Middle East and Africa region market are led by the Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Dominant Players:

Some of the prominent players operating in the global spark plugs market report include NGK Spark Plug Co. Ltd, Federal-Mogul Corporation , Borgwarner Inc., Denso Corporation, Robert Bosch Gmbh, General Motors (Acdelco Corporation), Delphi Automotive, Valeo, Weichai Power Co. Ltd., and UCI-Fram Autobrands (Autolite) and others.

Segmentation:

To provide a greater understanding of the global spark plugs market, the report is segmented by product type, material type, market, vehicle type, and regions.

Based on the product type, the report is segmented by the hot spark plug and cold spark plug. Hot spark plugs by product type contribute the most significant share of the global spark plugs market.

Based on the material type, the report is segmented by copper spark plug, platinum spark plug, iridium spark plug, and other

Based on the market, the report is segmented by original equipment market and aftermarket

Based on the vehicle type, the report is segmented by passenger vehicle and commercial vehicle

Based on regions, the market is bifurcated into North America, Europe, Asia Pacific, Middle East and Africa.

Browse Full Report on Spark Plugs Market@ https://www.marketresearchfuture.com/reports/spark-plugs-market-1931

Table of Contents

REPORT PROLOGUE
INTRODUCTION
RESEARCH METHODOLOGY
MARKET DYNAMICS
SPARK PLUGS MARKET, BY PRODUCT TYPE
SPARK PLUGS MARKET, BY MATERIAL TYPE
SPARK PLUGS MARKET, BY MARKET
SPARK PLUGS MARKET, BY VEHICLE TYPE
SPARK PLUGS MARKET, BY REGION
COMPANY LANDSCAPE
COMPANY PROFILE
MRFR CONCLUSION
APPENDIX
LIST OF TABLES

Table 1 Global Spark Plugs Market: By Product Type, 2014-2022 (USD Billion)

Table 2 Hot Spark Plug: Spark Plugs Market, By Region, 2014-2022 (USD Billion)

Table 3 Cold Spark Plug: Spark Plugs Market, By Region, 2014-2022 (USD Billion)

Table 4 Global Spark Plugs Market: By Material Type, 2014-2022 (USD Billion)

Table 5 Copper Spark Plug: Spark Plugs Market, By Region, 2014-2022 (USD Billion)

…..

LIST OF FIGURES

FIGURE 1 Global Spark Plugs Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Global Spark Plugs Market

FIGURE 4 Value Chain Of Global Spark Plugs Market

FIGURE 5 Global Spark Plugs Market: By Product Type, 2014-2022 (USD Billion)

Continued…….

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

CONTACT US:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

[email protected]