HOME Top Market Reports Spark Plugs Market by Product Type (Spark plugs-Hot & Cold, Glow plug-Metal & Ceramic), Engine Layout (L3, L4, L5, L6, V6, H6, V8, V10, V12), Market (OE & Aftermarket), Vehicle Type (Passenger Car, LCV & HCV), & Region - Trends & Forecast to 2019

Spark Plugs Market by Product Type (Spark plugs-Hot & Cold, Glow plug-Metal & Ceramic), Engine Layout (L3, L4, L5, L6, V6, H6, V8, V10, V12), Market (OE & Aftermarket), Vehicle Type (Passenger Car, LCV & HCV), & Region - Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: January 2015
Report Code: AT 2980

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The global glow plugs and spark plugs market in terms of value is projected to grow at a CAGR of 7.85% and 5.26% respectively over the period from 2014 to 2019. One of the major key factors driving the growth of this market is the increasing demand for vehicles across the globe. The rise in stringency of the government norms and regulations pertaining to the emissions and fuel efficiency is also a key contributor to the growth of spark & glow plugs. However, the increasing adoption of engine downsizing and transition towards electric vehicles are estimated to hinder the automotive spark and glow plugs market at a global level. Additionally, maintaining balance between low cost, high performance and durability of the spark and glow plugs is one of the common challenges for the market players to cope up with. As of 2014, global demand for hot spark plugs and metal glow plug is high owing to its large applicability in passenger cars. The hot spark plugs contribute around 57% of the global spark plugs market in terms of value, whereas metal glow plug contributes 55% of the global glow plug market in terms of value in 2014.

Asia-Oceania being the largest vehicle producer is estimated to be the largest market for automotive spark & glow plug. China and India are the main contributors to the growth of automotive spark & glow plug market in Asia-Oceania region. To cater this huge demand of the Asia-Oceania region many OEMs are expanding in to this region.

As of 2013, NGK Spark Co. Ltd (Japan) held the leading position in the global spark and glow plugs market. In the past three years, the company adopted various strategies such as geographic expansion, supply contracts, new product developments and launches in order to strengthen its business worldwide. Additionally, it is gaining traction in the automotive spark and glow plugs market by introducing new products incorporated with the latest technology for its local as well as international customers. The other key players involved in the market are BorgWarner Inc. (U.S.), Robert Bosch GmbH (Germany), Denso Corporation (Japan), and Federal-Mogul Corporation (U.S.) among others.

Scope of the Report

This research report categorizes the global automotive spark and glow plugs market into the following segments and sub-segments:

Global Automotive Spark and Glow Plugs Market, by Vehicle Type

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

Global Automotive Spark and Glow Plugs Market, by Engine Cylinder Layout Type

  • L3
  • L4
  • L5
  • L6
  • V6
  • H6
  • V8
  • V10
  • V12

Global Automotive Spark and Glow Plugs Market, by Market Type

  • OE
  • Aftermarket

Global Automotive Spark and Glow Plugs Market, by Vehicle Type

  • Passenger Car
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

Global Automotive Spark and Glow Plugs Market, by Geography

  • Asia-Oceania
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia-Oceania
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Rest of Europe
  • North America
    • U.S.
    • Canada
    • Mexico
  • Rest of the World (RoW)
    • Brazil
    • Russia
    • Rest of RoW

Additional Customizations Available:

  • Spark plugs market, by material type
    • Standard Spark Plugs
    • Iridium Spark Plugs
    • Platinum Spark Plugs
  • Market for glow plug market, by construction type
    • Pencil Glow Plug
    • Coil Glow Plug
  • Additional Company profiles
  • Who Supplies Whom

Spark Plugs Market

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Years Considered in The Report
    1.5 Currency & Pricing
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Automotive Spark and Glow Plugs Markets
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
           2.3.1 Key Data Taken From Secondary Sources
           2.3.2 Key Data Taken From Primary Sources
           2.3.3 Assumptions

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Automotive Spark and Glow Plugs Market
    4.2 Automotive Spark and Glow Plugs Markets By Key Countries
    4.3 Automotive Spark Plugs Market, By Key Country (2014 vs. 2019)
    4.4 Automotive Glow Plugs Market, By Key Country (2014 vs. 2019)
    4.5 Automotive Spark and Glow Plugs Markets, By Type (2014 vs. 2019)
    4.6 Automotive Spark & Glow Plugs Regional Market Shares, By Vehicle Type, 2014 ($Million)
    4.7 Aftermarket Spark and Glow Plugs Markets, By Region, 2014 (Million Units)

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Government Norms and Regulations Pertaining to Fuel Efficiency and Emissions
                     5.3.1.2 Increasing Demand for Vehicles
           5.3.2 Restraints
                     5.3.2.1 Global Trend of Engine Downsizing
                     5.3.2.2 Shifting Focus Towards Electric Vehicles
           5.3.3 Opportunity
                     5.3.3.1 Increasing Demand for Performance Cars and Commercial Vehicles in Emerging Markets
           5.3.4 Challenge
                     5.3.4.1 Maintaining Balance Between Low Cost, High Performance, and Durability of Spark and Glow Plugs
    5.4 Burning Issue
           5.4.1 Fluctuating Demand for Gasoline and Diesel Engines in The Passenger Car Segment

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Pest Analysis
           6.4.1 Political Factors
           6.4.2 Economic Factors
           6.4.3 Social Factors
           6.4.4 Technological Factors

7 Automotive Spark and Glow Plugs Market Analysis, By Plug Type & Aftermarket (Page No. - 47)
    7.1 Introduction
    7.2 Market By Spark & Glow Plugs Type*
           7.2.1 Spark Plugs
                     7.2.1.1 Hot Spark Plugs
                     7.2.1.2 Cold Spark Plugs
           7.2.2 Glow Plugs
                     7.2.2.1 Metal Glow Plugs
                     7.2.2.2 Ceramic Glow Plugs
(*The Market Volume And Value For Spark (Hot & Cold) And Glow (Metal & Ceramic)  Plugs, By Engine Cylinder Layout Type  (L3, L4, L5, L6, V6, H6,  V8, V10, V12) Is Covered At Country-Level)
    7.3 Aftermarket Spark and Glow Plug*S
(*The Aftermarket  Demand For  Hot & Cold Spark And Metal & Ceramic  Glow  Plugs Is Covered At Regional-Level)

8 Automotive Spark and Glow Plugs Market Analysis, By Vehicle Type (Page No. - 62)
    8.1 Introduction
    8.2 Passenger Cars
    8.3 Light Commercial Vehicles (LCV)
    8.4 Heavy Commercial Vehicles (HCV)

9 Geographic Analysis (Page No. - 73)
    9.1 Introduction
    9.2 Market By Region
           9.2.1 Asia-Oceania
                     9.2.1.1 China
                     9.2.1.2 Japan
                     9.2.1.3 India
                     9.2.1.4 South Korea
                     9.2.1.5 Rest of Asia-Oceania
           9.2.2 Europe
                     9.2.2.1 Germany
                     9.2.2.2 France
                     9.2.2.3 U.K.
                     9.2.2.4 Spain
                     9.2.2.5 Rest of Europe
           9.2.3 North America
                     9.2.3.1 U.S.
                     9.2.3.2 Canada
                     9.2.3.3 Mexico
           9.2.4 RoW
                     9.2.4.1 Brazil
                     9.2.4.2 Russia
                     9.2.4.3 Others

10 Competitive Landscape (Page No. - 96)
     10.1 Overview
     10.2 Market Share Analysis, Automotive Spark and Glow Plugs Markets
     10.3 Competitive Situation and Trends
     10.4 Battle for Market Share: New Product Launch Was The Key Strategy
     10.5 New Product Launches and Developments
     10.6 Agreements, Partnerships, Collaborations, and Joint Ventures
     10.7 Mergers and Acquisitions
     10.8 Expansions
     10.9 Supply Contracts

11 Company Profiles (Page No. - 105)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 NGK Spark Plug Co. Ltd
     11.3 Federal-Mogul Corporation
     11.4 Borgwarner Inc.
     11.5 Denso Corporation
     11.6 Robert Bosch Gmbh
     11.7 General Motors (Acdelco Corporation)
     11.8 Delphi Automotive
     11.9 Valeo
     11.10 Weichai Power Co. Ltd.
     11.11 UCI-Fram Autobrands (Autolite)

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 131)
     12.1 Available Customizations
               12.1.1 Spark Plug Market, By Material Type
                         12.1.1.1 Standard Spark Plug.
                         12.1.1.2 Iridium Spark Plug
                         12.1.1.3 Platinum Spark Plug
               12.1.2 Market for Glow Plug Market, By Construction Type
                         12.1.2.1 Pencil Glow Plug.
                         12.1.2.2 Coil Glow Plug
               12.1.3 Who Supplies Whom
               12.1.4 Additional Company Profiles
     12.2 Insights of Industry Experts
     12.3 Discussion Guide
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Related Reports


List of Tables (82 Tables)

Table 1 Overview of Emission and Fuel Economy Regulation Specifications for Passenger Cars
Table 2 Increasing Vehicle Production, Sales and Introduction of Stringent Emission Norms Propelling The Growth of The Spark and Glow Plugs Markets
Table 3 Global Trend for Engine Downsizing is Restraining The Growth of The Market
Table 4 Increasing Demand for Engines Used in High-Performance Cars and Commercial Vehicles Act as Opportunities for Market Growth
Table 5 Maintaining The Balance Between Low Cost and High Quality Plugs:A Challenge in The Spark and Glow Plugs Markets
Table 6 Automotive Spark and Glow Plugs Markets Size, By Type,2012-2019 (‘000 Units)
Table 7 Automotive Spark and Glow Plugs Markets Size, By Type,2012-2019 ($Million)
Table 8 Asia-Oceania: Hot Spark Plugs Market Size, By Engine Cylinder Layout, 2012-2019 (‘000 Units)
Table 9 Europe Hot Spark Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 10 North America Hot Spark Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 11 RoW Hot Spark Plugs Market Size, By Engine Cylinder Layout Type,2012-2019 (‘000 Units)
Table 12 Asia-Oceania Cold Spark Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 13 Europe Cold Spark Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 14 North America Cold Spark Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 15 RoW Cold Spark Plugs Market Size, By Engine Cylinder Layout Type,2012-2019 (‘000 Units)
Table 16 Asia-Oceania Metal Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 17 Europe Metal Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 18 North America Metal Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 19 RoW Metal Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 20 Asia-Oceania Ceramic Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 21 Europe Ceramic Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 22 North America Ceramic Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 23 RoW Ceramic Glow Plugs Market Size, By Engine Cylinder Layout Type, 2012-2019 (‘000 Units)
Table 24 Global Hot Spark Plugs Aftermarket Size, By Region,2012-2019 (Million Units)
Table 25 Global Cold Spark Plugs Aftermarket Size, By Region,2012-2019 (Million Units)
Table 26 Global Metal Glow Plugs Aftermarket Size, By Region,2012-2019 (Million Units)
Table 27 Global Ceramic Glow Plugs Aftermarket Size, By Region,2012-2019 (Million Units)
Table 28 Automotive Spark and Glow Plugs Markets Sizes, By Vehicle Type,2012-2019 (‘000 Units)
Table 29 Automotive Spark and Glow Plugs Markets Sizes, By Vehicle Type,2012-2019 ($Million)
Table 30 Passenger Cars: Spark and Glow Plugs Markets Sizes,By Region & Plug Type, 2012-2019 (‘000 Units)
Table 31 Passenger Cars: Spark and Glow Plugs Markets Sizes,By Region & Plug Type, 2012-2019 ($Million)
Table 32 LCV: Spark and Glow Plugs Markets Sizes, By Region & Plug Type,2012-2019 (‘000 Units)
Table 33 LCV: Spark and Glow Plugs Markets Sizes, By Region & Plug Type,2012-2019 ($Million)
Table 34 HCV: Spark and Glow Plugs Markets Sizes, By Region & Plug Type,2012-2019 (‘000 Units)
Table 35 HCV: Spark and Glow Plugs Markets Sizes, By Region & Plug Type,2012-2019 ($Million)
Table 36 Automotive Spark and Glow Plugs Markets Size, By Region AndBy Plug Type, 2012-2019 (‘000 Units)
Table 37 Automotive Spark and Glow Plugs Markets Size, By Region and Plug Type, 2012-2019 ($Million)
Table 38 Asia-Oceania: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 (‘000 Units)
Table 39 Asia-Oceania: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 ($Million)
Table 40 China: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 41 China: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 42 Japan: Automotive Spark and Glow Plugs Market Size, By Plug Type,2012-2019 (‘000 Units)
Table 43 Japan: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 44 India: Automotive Spark and Glow Plugs Markets Size, By Plug Type,2012-2019 (‘000 Units)
Table 45 India: Automotive Spark and Glow Plugs Markets Size, By Plug Type,2012-2019 ($Million)
Table 46 South Korea: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 (‘000 Units)
Table 47 South Korea: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 ($Million)
Table 48 Rest of Asia-Oceania: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 (‘000 Units)
Table 49 Rest of Asia-Oceania: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 ($Million)
Table 50 Europe: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 51 Europe: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 52 Germany: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 53 Germany: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 54 France: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 55 France: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 56 U.K.: Automotive Spark and Glow Plugs Markets Size, By Plug Type,2012-2019 (‘000 Units)
Table 57 U.K.: Automotive Spark and Glow Plugs Markets Size, By Plug Type,2012-2019 ($Million)
Table 58 Spain: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 59 Spain: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 60 Rest of Europe: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 (‘000 Units)
Table 61 Rest of Europe: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 ($Million)
Table 62 North America: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 (‘000 Units)
Table 63 North America: Automotive Spark and Glow Plugs Market Size,By Plug Type, 2012-2019 ($Million)
Table 64 U.S.: Automotive Spark and Glow Plugs Markets Size, By Plug Type,2012-2019 (‘000 Units)
Table 65 U.S.: Automotive Spark and Glow Plugs Markets Size, By Plug Type,2012-2019 ($Million)
Table 66 Canada: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 67 Canada: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 68 Mexico: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 69 Mexico: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 70 Rest of The World: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 (‘000 Units)
Table 71 Rest of The World: Automotive Spark and Glow Plugs Markets Size,By Plug Type, 2012-2019 ($Million)
Table 72 Brazil: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 73 Brazil: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 74 Russia: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 75 Russia: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 76 Others: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 (‘000 Units)
Table 77 Others: Automotive Spark and Glow Plugs Markets Size, By Plug Type, 2012-2019 ($Million)
Table 78 New Product Launches and Developments, 2010–2014
Table 79 Agreements, Partnerships, Collaborations, and Joint Ventures,2010–2014
Table 80 Mergers and Acquisitions, 2010–2014
Table 81 Expansions, 2010–2014
Table 82 Supply Contracts, 2010–2014
 
 
List of Figures (55 Figures)
 
Figure 1 Automotive Spark and Glow Plugs: Market Segmentation
Figure 2 Automotive Spark and Glow Plugs Markets: Research Design
Figure 3 Spark & Glow Plugs Markets Size Estimation Methodology: Bottom-Up Approach
Figure 4 Spark & Glow Plugs Aftermarket Size Estimation Methodology: Bottom-Up Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation,& Region
Figure 6 Automotive Spark and Glow Plugs: Data Triangulation Procedure
Figure 7 Automotive Spark and Glow Plugs Markets Snapshot (2014 vs. 2019): Metal Glow Plugs Market is Projected to Grow Fastest in The NextFive Years
Figure 8 Automotive Spark and Glow Plugs Market Shares, 2014
Figure 9 Automotive Oe Market: Dominating The Spark and Glow Plugs Market
Figure 10 Passenger Car Segment Capture The Major Share in Asia-Oceania Region Leadingthe Automotive Spark and Glow Plugs Market
Figure 11 China is The Largest Contributor to Both The Spark & Glow Plugs Markets Size, 2014 ($Million)
Figure 12 Top 4 Countries Account for More Than 2/3rd of The Global Spark Plugs Market Growth
Figure 13 Canada, U.S. & India are The Highest Growing Markets for Automotive Glow Plugs (Market Size in Terms of Value)
Figure 14 Cold Spark Plugs Market to Grow at The Highest Rate Between2014 and 2019
Figure 15 HCV Segment Holds The Major Share in The Emerging Markets of Asia-Oceania and RoW in The Automotive Glow Plugs Market, 2014 ($Million)
Figure 16 Aftermarket Spark and Glow Plugs Market, By Region
Figure 17 Market Segmentation
Figure 18 Automotive Spark and Glow Plugs Market Dynamics
Figure 19 Significant Increase in Vehicle Production Across The Globe(2009 vs. 2013)
Figure 20 Europe and India: Gasoline Passenger Car Co Emission Trends,1995-2017 (G/Km)
Figure 21 Electric Vehicle (EV) Sales, By Region, 2012-2014 (‘000 Units)
Figure 22 Automotive Spark and Glow Plugs: Value Chain
Figure 23 Porter’s Five Forces Analysis
Figure 24 Metal Glow Plugs: Rapidly Growing Market
Figure 25 Passenger Cars: Spark and Glow Plugs Markets Size, By Region & Plug Type, 2014 vs. 2019 (‘000 Units)
Figure 26 Glow Plugs Market Size, By Region, 2014 vs. 2019 (‘000 Units)
Figure 27 Automotive Spark and Glow Plugs Aftermarket Size, By Type,2014 vs. 2019, (Million Units)
Figure 28 Automotive Spark and Glow Plugs Markets Trend, By Vehicle Type,2012-2019 ($Million)
Figure 29 Passenger Cars: Spark and Glow Plugs Markets Sizes, By Region & Plug Type, 2014 vs. 2019 ($Million)
Figure 30 North America to Occupy The Largest Share in The LCV Spark and Glow Plugs Markets
Figure 31 HCV: Glow Plug Markets Sizes, By Region, 2014 vs. 2019 ($Million)
Figure 32 Geographic Snapshot: China Emerging as A New Hotspot for the Automotive Spark Plugs Market
Figure 33 Germany Projected to Be The Largest Market for Glow Plugs By 2019
Figure 34 Asia-Oceania Market Snapshot (2014): Largest Market for Automotive Spark Plugs
Figure 35 European Market Snapshot (2014): Estimated to Be The Largest Glow Plugs Market
Figure 36 Companies Adopted Product Innovation as The Key Growth Strategy Over The Last Three Years
Figure 37 NGK Spark Plug Co. Ltd. and Federal-Mogul Corporation Grew at The Fastest Rate Between 2008-2013
Figure 38 NGK Spark Plug Co. Ltd.: Market Leader in The Spark and Glow Plugs Markets
Figure 39 Geographic Revenue of Top 5 Market Players
Figure 40 Competitive Benchmarking of Key Market Players (2008-2013): Borgwarner Inc. and NGK Spark Plug Co. Ltd. are Growing Thanks to Diversified Product Portfolios
Figure 41 NGK Spark Plug Co. Ltd.: Business Overview
Figure 42 NGK Spark Plug Co. Ltd.: SWOT Analysis
Figure 43 Federal-Mogul Corporation: Business Overview
Figure 44 Federal-Mogul Corporation: SWOT Analysis
Figure 45 Borgwarner Inc.: Business Overview
Figure 46 Borgwarner Inc.: SWOT Analysis
Figure 47 Denso Corporation: Business Overview
Figure 48 Denso Corporation: SWOT Analysis
Figure 49 Robert Bosch: Business Overview
Figure 50 Robert Bosch: SWOT Analysis
Figure 51 General Motors: Business Overview
Figure 52 Delphi Automotive: Business Overview
Figure 53 Valeo: Business Overview
Figure 54 Weichai Power Co. Ltd.: Business Overview
Figure 55 UCI-Fram Autobrands: Business Overview

In terms of value, the automotive spark plugs market is anticipated to grow at a CAGR of 5.26% whereas the glow plugs market is estimated to grow at a CAGR of 7.85% from the period of 2014 to 2019.

A spark plugs (in case of gasoline engines) or a glow plug (for diesel engines) a vital component that is essential for the functioning of a vehicle engine. These plugs play a key role in every vehicle that has an internal combustion engine. This validates the fact that the demand for spark and glow plugs is directly linked to the number of vehicles produced per year. Spark and glow plugs characteristically have a limited lifespan, owing to which they are in demand not only in the OE market, but in the aftermarket as well.

The global market value for spark plugs and glow plugs is projected to reach $ 2,804.83 Million and $1079.47 Million respectively by 2019. The market in terms of value for spark plugs is estimated to be the largest in the Asia-Oceania region, which holds a market share of about 46% in 2014. China is the major contributor to the growth of spark plugs in the Asia-Oceania region. The global demand for spark and glow plugs is propelled by the increasing number of vehicles across the globe, and the upcoming stringent fuel efficiency and emission norms.  North America holds the second position in the market for spark plugs as this region has the majority of gasoline vehicles. The major contributor to the market in the North American region is the U.S., which has the largest production of gasoline LCVs. This justifies the huge demand for cold spark plugs that are used in high-performance engines. Europe is estimated to be the largest market for glow plugs, followed by Asia-Oceania. This is because the region has the second largest number of diesel vehicles in the world.

In terms of the spark and glow plugs market by vehicle types, the passenger cars segment accounts for the maximum share, followed by light commercial vehicles and heavy commercial vehicles. In the passenger car segment, hot spark plugs are estimated to lead the market in coming years, as the demand for small and medium powered passenger cars is increasing.

Spark Plugs Market

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