According to IMARC Group’s latest report, titled “Spark Plug Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global spark plug market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.93% during 2022-2027.
A spark plug represents an electrical device used to produce a spark for igniting the compressed fuel-air mixture present in the cylinder bore of an engine. It is made of a metal-threaded shell, ribs, hex, insulators, resistance, etc. When a high-tension current flow through the central electrodes of the device, the gas within the electrode gap is ionized to generate a spark. Some commonly found variants of these devices include hot and cold spark plugs with platinum, double platinum, copper, and iridium electrodes, which are widely utilized in several industries, including automotive, marine, aerospace, etc.
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Spark Plug Market Trends:
The expanding automotive industry across the globe, coupled with the increasing use of spark plugs for electrical, marine, and aerospace applications, is primarily fueling the spark plug market. Moreover, their growing utilization in petrol-based passenger vehicles, gasoline and natural gas powered-generators, jet skis, etc., is also catalyzing the product demand.
Additionally, the platinum and iridium-based cold variants are gaining traction in high-performance engines for minimizing carbon emissions. Furthermore, the development of plasma core and Advanced Corona Ignition System (ACIS) variants is helping in reducing diesel engine vibrations, noises, smoke emissions, etc., for better drivability in harsh weather conditions. Besides this, the escalating adoption of miniaturized engines is further anticipated to drive the market growth for spark plugs over the forecasted period.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Autolite
- BorgWarner Inc.
- DENSO Corporation
- E3 Spark Plugs
- General Motors
- NGK Spark Plug Co. Ltd.
- Robert Bosch GmbH
- Stitt Spark Plug Co.
- Tenneco Inc.
Key Market Segmentation:
The report has categorized the market based on material, product type, application and distribution channel.
Breakup by Material:
- Copper
- Iridium
- Platinum
- Others
Breakup by Product Type:
- Hot Spark Plug
- Cold Spark Plug
Breakup by Application:
- Automotive
- Marine
- Aerospace
- Others
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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