Automotive Spark Plugs and Glow Plugs Market

Automotive Spark Plugs and Glow Plugs Market by Product Types (Cold Spark Plugs, Hot Spark Plugs, Ceramic Glow Plugs, and Metal Glow Plugs), Vehicle Types (Commercial Vehicles and Passenger Cars), Sales Channels (Aftermarket and OEM), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-1059
  • Author: Growth Market Reports
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  • No. Of Pages: 194
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The global automotive spark plugs and glow plugs market size is projected to expand at a significant CAGR of 5% during the forecast period, 2021–2028. The growth of the market is attributed to the demand and sales for commercial vehicles are growing (due to the growth in the e-commerce industry, the subsequent expansion of the construction sectors, and the logistics industry).
 

Automotive Spark Plugs and Glow Plugs Market Key Takeaways


Automobile engines are often divided into two types: diesel engines and gasoline engines. Spark plug generates an electric discharge that burns the gasoline in the car. The glow plug also creates heat, which is used to burn diesel in the car and turn the engine in cold weather. Glow plugs are installed on the cylinder head of a diesel engine, while spark plugs are installed in the cylinders of a petrol engine. Glow plugs and spark plugs are essential components of both diesel and petrol ignition systems.

The most common forms of spark plugs are platinum and iridium-based, with iridium-based cold type spark plugs being the most preferred in durability engines. However, due to the transition to downsizing petrol engines from conventional diesel engines, the need for factory-installed glow plugs has been declining in automobile sales.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing vehicle sales throughout the world and strong demand for gasoline vehicles as a result of rising fuel costs in developing nations including India are expected to propel the market expansion in the coming years.
  • Rising severity with which government standards and laws governing emissions and the energy economy are enforced is a key factor spurring the market growth during the forecast period.
  • Rising electric vehicle adoption and need, and also operational concerns, are key challenges that can impede the market expansion in the coming years.
  • Typical issues for market competitors is to strike the balance between minimal price, excellent performance, and longevity of spark and glow plugs is anticipated to restrict the market growth.
  • Focusing more on new product development, and advanced technologies in spark plug and glow plug specification, including the assimilation of plasma core, E3 high-performance, and ACIS (Advanced Corona Ignition System) in spark plug structure is projected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the global automotive spark plugs and glow plugs market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Spark Plugs and Glow Plugs Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

By Product Types (Cold Spark Plugs, Hot Spark Plugs, Ceramic Glow Plugs, and Metal Glow Plugs), Vehicle Types (Commercial Vehicles and Passenger Cars), and Sales Channels (Aftermarket and OEM)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Wellman glow plugs Co.; KLG Spark Plugs; ACDelco Corporation; Federal-Mogul Powertrain; Autolite (Fram Group LLC); BorgWarner Inc.; Robert Bosch GmbH; NGK Spark Plug Co. Ltd; and DENSO Corporation

 

Global Automotive Spark Plugs and Glow Plugs Market Segment Insights

Hot spark plugs segment is projected to account for a major market share
Based on product types, the global automotive spark plugs and glow plugs market is segregated into cold spark plugs, hot spark plugs, ceramic glow plugs, and metal glow plugs. The hot spark plugs segment is expected to represent a key share of the market in the coming years due to its a critical component for the proper operation of a vehicle engine. In every vehicle with an internal combustion engine, these plugs play a vital role. This proves that the need for spark and glow plugs is proportional to the number of automobiles manufactured each year. Spark and glow plugs have a short lifespan, thus they're in high demand not just in the original equipment market (OEM), but also in the aftermarket.
 

Automotive Spark Plugs and Glow Plugs Market By Product Types


Commercial vehicles segment is expected to grow at a significant pace
On the basis of vehicle types, the market is divided into commercial vehicles and passenger cars. The commercial vehicles segment is expected to constitute a key share of the market during the forecast period due to the rise of e-commerce, the transportation and logistics, construction, and mining sectors have expanded.

On the other hand, the passenger cars segment is anticipated to expand at a rapid pace during the forecast period owing to hot spark plugs are expected to dominate the market in the passenger car segment during the forecast period, as need for small & mid passenger cars grows.

Original equipment manufacturer (OEM) segment is anticipated to register at a substantial CAGR
In terms of sales channels, the global automotive spark plugs and glow plugs market is bifurcated into aftermarket and OEM. The original equipment manufacturer (OEM) segment is expected to hold a key share of the market in the coming years due to regulatory norms are being tightened by many organizations and governments to regulate emissions and promote zero-emission automobiles. As a result of these factors, manufacturers have been striving and concentrating to boost their investment in electric vehicle R&D, which has helped OEMs in bringing electric vehicles to the market shortly. This technique had a significant impact on individuals since there was a significant shift in purchasing patterns from traditional IC engines to electric engines. The shift has not reduced IC engine vehicle sales but instead has generated a potential market for electric vehicles in the coming years.

Asia Pacific is anticipated to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at healthy CAGR during the forecast period. The regional market growth can be attributed to increased sales of automobiles and the growing demand for automobiles. When compared to other regions, in terms of profit contribution, this is mostly due to the presence of a large number of producers and also significant car sales in the region's countries. Due to increased new vehicle releases and passenger car sales in nations around the region, the Asia Pacific market is expected to develop at a faster pace in terms of value during the next ten years.

However, North America is expected to exhibit a rapid growth rate in the coming years owing to the rising production of petrol light commercial vehicles (LCVs) throughout the globe and the increasing as the need for cold spark plugs.
 

Automotive Spark Plugs and Glow Plugs Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Spark Plugs and Glow Plugs Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Spark Plugs and Glow Plugs Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Spark Plugs and Glow Plugs Market - Supply Chain
  4.5. Global Automotive Spark Plugs and Glow Plugs Market Forecast
     4.5.1. Automotive Spark Plugs and Glow Plugs Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Spark Plugs and Glow Plugs Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Spark Plugs and Glow Plugs Market Absolute $ Opportunity
5. Global Automotive Spark Plugs and Glow Plugs Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Spark Plugs and Glow Plugs Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Spark Plugs and Glow Plugs Demand Share Forecast, 2019-2026
6. North America Automotive Spark Plugs and Glow Plugs Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Spark Plugs and Glow Plugs Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Spark Plugs and Glow Plugs Demand Share Forecast, 2019-2026
7. Latin America Automotive Spark Plugs and Glow Plugs Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Spark Plugs and Glow Plugs Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Spark Plugs and Glow Plugs Demand Share Forecast, 2019-2026
8. Europe Automotive Spark Plugs and Glow Plugs Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Spark Plugs and Glow Plugs Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Spark Plugs and Glow Plugs Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Spark Plugs and Glow Plugs Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Spark Plugs and Glow Plugs Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Spark Plugs and Glow Plugs Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Spark Plugs and Glow Plugs Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Spark Plugs and Glow Plugs Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Spark Plugs and Glow Plugs Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Spark Plugs and Glow Plugs Market: Market Share Analysis
  11.2. Automotive Spark Plugs and Glow Plugs Distributors and Customers
  11.3. Automotive Spark Plugs and Glow Plugs Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Wellman glow plugs Co.
     11.4.2. KLG Spark Plugs
     11.4.3. ACDelco Corporation
     11.4.4. Federal-Mogul Powertrain
     11.4.5. Autolite (Fram Group LLC)

Segments Covered in the Report
The global automotive spark plugs and glow plugs market has been segmented based on

Product Types

  • Cold Spark Plugs
  • Hot Spark Plugs
  • Ceramic Glow Plugs
  • Metal Glow Plugs

Vehicle Types

  • Commercial Vehicles
  • Passenger Cars

Sales Channels

  • Aftermarket
  • OEM

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Wellman glow plugs Co.
  • KLG Spark Plugs
  • ACDelco Corporation
  • Federal-Mogul Powertrain
  • Autolite (Fram Group LLC)
  • BorgWarner Inc.
  • Robert Bosch GmbH
  • NGK Spark Plug Co. Ltd
  • DENSO Corporation

Key players competing in the global automotive spark plugs and glow plugs market are Wellman glow plugs Co.; KLG Spark Plugs; ACDelco Corporation; Federal-Mogul Powertrain; Autolite (Fram Group LLC); BorgWarner Inc.; Robert Bosch GmbH; NGK Spark Plug Co. Ltd; and DENSO Corporation. Some of these players are adopting several business strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
 

Automotive Spark Plugs and Glow Plugs Market By key Players

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