Global Spark Plug and Glow Plug Market - by Product Type (Hot Plug, Cold Plug, Metal Glow Plug, Ceramic Glow Plug) and by Geography - Industry Insights and Forecast till 2025
- Report code : CMI211474 |
- Industry :
Automotive and Transportation
- Published On : Apr 2018 |
- Pages : 133 Pages |
- Format :
Global Spark plug and Glow Plug Market - Insights
A spark plug is an electronic device, which was integrated with cylinder head in the vehicle engine that produces electric spark to burn petrol. Similarly, a glow plug is an electrically heating device, which is integrated on the cylinder head of the diesel engine, which helps to start the diesel engine in a cold condition. Increasing vehicle sales is one of the major factors for growth of the spark plug and glow plug market. According to International Organization of Motor Vehicle Manufacturers, in 2017, the sales of vehicles or registration of new vehicles was 96,804,390 units up from 93,905,634 units in 2016. According to Coherent Market Insights’ analysis, the sales or registration of new vehicles is expected to reach 141,303,730 units by 2025.
However, increasing sales of electric vehicles is one of the major factors, which is negatively impacting growth of the market. According to Coherent Market Insights’ analysis, in 2017, the global sales of electric vehicle was 962 thousand units.
Spark plug segment held the dominant position in 2017
The spark plug segment held the dominant position in the global market and is projected to retain its dominance throughout the forecast period. In 2017, the spark plug segment was valued at US$ 2414.3 million and is expected to reach US$ 3801.3 million by 2025 with a CAGR of 5.8% over the forecast period. Increasing sales of passenger cars that run on gasoline is one of the major factors expected to aid in growth of the market over the forecast period. According to International Organization of Motor Vehicle Manufacturers, the sales of passenger vehicles was 70,849,466 units in 2016 up from 69,506,882 units in 2015.
Figure. Global Spark plug and Glow Plug Market Share, by Region, 2017 (Mn)
Source: Coherent Market Insights (2018)
Asia pacific held the dominant position in spark plug and glow plug market in 2017
On the basis of geography, the spark plug and glow plug market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, the Asia Pacific market was valued at US$ 1542.6 million and is expected to reach US$ 2679.2 million by 2025 with a CAGR of 7.1%. India, China, Japan and South Korea are some of the major countries in the spark plugs market in this region. High sales of passenger cars in the region is one of the major factors for the growth of the spark plug market in this region. For instance, according to International Organization of Motor Vehicle Manufacturers, in 2017, the new sales or registration of new passenger car in China was 24,961,948 units up from 24,376,902 units in 2016. Similarly, in 2017, the new passenger car sales or registration in India, Japan, and South Korea was 3,227,701 units, 4,391,100 units and 1,495,468 units, respectively. This is expected to be one of the major driving factors for growth of the market in Asia Pacific. In addition to this, advancement in technology in spark plug and glow plug such as pressure sensor glow plugs for diesel engines is also expected to support in growth of market.
Key Players - Global Spark Plug and Glow Plug Market
The major players operating in the global spark plug and glow plug market 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)
A spark plug is an electronic device, which when integrated with cylinder head in the vehicle engine, produces electric spark to burn petrol. Similarly, a glow plug—electrically heating devices—when integrated on the cylinder head of the diesel engine, helps to start the diesel engine in cold conditions. China is one of the major growth engines in the spark plug and glow plug market in Asia Pacific. Growth of the spark plug and glow plug market is directly proportional to increasing numbers of vehicles, globally.
Market Dynamics
North America held the second-largest position in the spark plug market after Asia Pacific in 2016. The U.S. is the major growth engine in the market in this region. The region is expected to exhibit high growth, owing to high presence of major automotive companies in the U.S. VW Group, Toyota Group, GM Group, Renault-Nissan Alliance, Hyundai Kia Automotive Group, Ford Group, Honda, FCA, Daimler Group, BMW Group, Mazda, and Subaru are some of the major automotive companies in the U.S. According to Coherent Market Insights, Toyota Group held the largest share in the passenger car sales, in terms of units, in the U.S. in 2016. Furthermore, Europe holds the largest share in the glow plug market. This is due to high presence of diesel engine vehicles in the region and this is one of the major driving factors for growth of glow plugs market in this region. Germany, the U.K., Italy, France, Spain, and Russia are some of the major countries, in this region. According to Coherent Market Insights’ analysis, in Germany 46% of the new passenger cars sales had diesel engine, in 2016. Similarly, in France, 52% of the new passenger car had diesel engines, in 2016
Key features of the study:
- This report provides in-depth analysis of spark plug and glow plug market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global spark plug and glow plug market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, spark plug and glow plug market capital, key developments, strategies, and future plans.
- Companies covered as part of this study 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)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global spark plug and glow plug market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global spark plug and glow plug market
Detailed Segmentation:
- Global Spark Plug and Glow Plug Market, By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- Global Spark Plug and Glow Plug Market, By Geography:
- By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- By Country:
- U.S.
- Canada
- By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- By Plug Type:
- Hot Plug
- Cold Plug
- Metal Glow Plug
- Ceramic Glow Plug
- By Country:
- Northern Africa
- Central Africa
- South Africa
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
- Borgwarner Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Delphi Automotive
- Denso Corporation
- Federal-Mogul Corporation
- General Motors (Acdelco Corporation)
- NGK Spark Plug Co. Ltd
- Robert Bosch Gmbh
- UCI Fram Autobrands (Autolite)
- Valeo, Weichai Power Co. Ltd.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Plug Type
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Epidemiology/Prevalence/Incidence
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Global Spark Plug and Glow Plug Market, By Plug Type, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Spark Plug
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Sub Segment
- Hot Plug
- Cold Plug
- Glow Plug
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Sub Segment
- Metal Glow Plug
- Ceramic Glow Plug
- Global Spark Plug and Glow Plug Market, By Regions, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2015 and 2025 (%)
- North America
- Market Share Analysis, By Country, 2015 and 2025 (%)
- U.S.
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Canada
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Europe
- Market Share Analysis, By Country, 2015 and 2025 (%)
- U.K.
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Germany
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Italy
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- France
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Russia
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Others
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Asia Pacific
- Market Share Analysis, By Country, 2015 and 2025 (%)
- China
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- India
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Japan
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- ASEAN
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Australia
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- South Korea
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Others
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Latin America
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Brazil
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Mexico
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Others
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Africa
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Northern Africa
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Central Africa
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- South Africa
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Middle East
- Market Share Analysis, By Country, 2015 and 2025 (%)
- GCC Countries
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Israel
- Country Trends
- Market Size and Forecast, By Plug Type, 2015 - 2025 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- NGK Spark Plug Co. Ltd
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Federal-Mogul Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Borgwarner Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Denso Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Robert Bosch Gmbh
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- General Motors (Acdelco Corporation)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Delphi Automotive
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Valeo
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Weichai Power Co. Ltd.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- UCI Fram Autobrands (Autolite)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Marketing and Promotional Activities
- Strategic Presence
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 90 market data tables and 40 figures on "Spark Plug and Glow Plug Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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