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spark plug market

spark plug market Market Size, Share & Trends Analysis Report

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) Based On Region, And Segment Forecasts, 2022- 202

Published
Report ID : BMRC 117
Number of pages : 300
Published Date : Nov 2022
Category : Automotive And Transport
Delivery Timeline : 48 hrs
Single User : $3250

Corporate User : $7999

Spark Plug Market is valued at USD 7.88 Billion in 2021 and is expected to reach USD 11.62 Billion by 2028 with a CAGR of 5.70% over the forecast period.

 Increasing demand and production of automobiles are driving the growth of the global spark plug market.

The spark plug market report published by Brandessence Market Research and Consulting Pvt. Ltd. provides detailed information about the spark plug market from various aspects. This report consists of drivers, challenges, and opportunities that help the market to grow over the analysis period and recent trends which support the growth of the market. This report consists of regional segmentation with product type and applications.

Scope of Spark Plug Market Report:

The spark plug is used to ignite the combustion of the compressed fuel-air mixture during the compression cycle in the spark ignition engine and it is the task of the spark plug to generate this spark. In the combustion chamber, a flame front spreads from the spark and fills the combustion chamber until the air-fuel mixture burns 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 a connecting rod to the crankshaft; this drives the vehicle via the clutch, the gears, and the axles. The spark plug is widely used in the automotive, marine, and industrial sectors.

The rising demand and production of automobiles due to the growing population and increasing consumer disposable income has resulted in the growth of the spark plug market. Increased usage of fuel-based boats, other fuel-driven machinery, generators, and jets are also boosting the growth of the spark plug market. Increasing Government initiatives to reduce carbon emissions by using electric vehicles for public transport 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. Despite that, technological advancements to improve performance and ignitability can provide opportunities for the growth of the spark plug market in the forecast period.

Spark Plug Market Key Players

  • 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

Spark Plug Market Segmentation –

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

On Special Requirement Spark Plug Market Report is also available for the below Regions and Countries:

By Region:

North America

  • the U.S.
  • Canada

Europe

  • Germany
  • France
  • the U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • the Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

The Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2018 - 2021
Forecast Period 2022 - 2028
Market Size in 2021: USD 7.88 Billion
Base year considered 2021
Forecast Period CAGR %:

5.70%

Market Size Expected in 2028: USD 11.62 Billion
Tables, Charts & Figures: 175
Pages 200
Key Players/Companies

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.

Segments Covered By Product Type, By Electrode Material, By Application Type, By Demand Category
Regional Analysis North America, U.S., Canada, Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

Key Benefits for Global Spark Plug Market Reports –

  • Global Spark plug market analysis report covers in depth historical and forecast analysis.
  • Global Spark plug market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global Spark plug market manufactureres helps to identify opportunities in market place.
  • Global Spark plug market report covers extensive analysis of emerging trends and competitive landscape.

 

 

SUMMARY
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