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What is Spark Plug (Coil Wire) Market size and share?

Spark Plug Market research report provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players.

Spark Plug Market is valued at USD 6678.1 Million in 2018 and expected to reach USD 9779.1 Million by 2025 with a CAGR of 5.6% over the forecast period. Increasing demand and production of automobiles is driving the growth of global spark plug market.

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

Key Players

Key Players of Spark Plug Market are like 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

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

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The rising demand and production of automobiles due to the growing population and increasing consumer disposable income has resulted in the growth of spark plug market. Increased usage of fuel-based boats, other fuel driven machinery, generators and jets is also boosting the growth of spark plug market. Increasing Government initiatives to reduce carbon emission by using electric vehicle for public transport is also augment the market growth for spark plugs.

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

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. In spite of that, technological advancements to improve the performance and ignitability can provide opportunities for the growth of spark plug market in the forecast period.

Table of Content:

  1. Chapter – Report Methodology

Research Process

Primary Research

Secondary Research

Market Size Estimates

Data Triangulation

Forecast Model

USP’s of Report

Report Description

  1. Chapter – Global Spark Plug Market Overview: Qualitative analysis

Market Introduction

Executive Summary

Global Spark Plug Market Classification

Market Drivers

Market Restraints

Market Opportunity

Spark Plug Market: Trends

  1. Chapter – Report Methodology

Research Process

Primary Research

Secondary Research

Market Size Estimates

Data Triangulation

Continued……

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