Spark Plugs Market Set to Witness Growth 2018 – 2026 | Global Key Players - NGK Spark Plug, Federal-Mogul Corporation, Borgwarner, Denso Corporation, Robert Bosch Gmbh

Market Highlights

Spark Plug is an integral component in an engine, and it performs an important function of producing sparks that are necessary to ignite the mixture of air and fuel in the engine. There is different type of spark plugs, such as platinum spark plugs, iridium spark plug, and copper spark plug, in the market. A spark plug is an initiator of the ignition process, which provides the power to run a vehicle. The primary function of a spark plug is to provide the spark, and its secondary function is to dispel heat. On the source of temperature, spark plugs can also be classified as hot spark plugs and cold spark plugs.

According to Market Prognosis, the Global Spark Plug Market is expected to grow at a CAGR of 7.4% during the forecast period. Increase in production and sales of vehicle globally & rise in number of gasoline or natural gas-powered generators and small & recreational boats are some of the factors influencing the market growth. However, engine downsizing to reduce vehicle weight & growing penetration of electric vehicle & electrically powered working equipment are the factors restricting the market. In addition, advancement in technology & increase in demand for natural gas-powered vehicle provides ample opportunities for the market growth.

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Market Top Player’s

Some of the key players in the global Spark Plugs market include, NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Borgwarner Inc, Denso Corporation, Robert Bosch Gmbh, General Motors, Delphi Automotive, Valeo, Weichai Power Co. Ltd. &UCI-Fram Autobrands.

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Market Segments

Amongst Plug Type, the Spark Plugs segment held significant market share due to rising demand for hot spark plugs and cold spark plugs. Cold spark plugs have a smaller amount insulation and transfer more heat away from the combustion chamber to the outside of an engine and are frequently found in high-compression engines. Hot spark plugs have more insulation and are found in the majority of standard engines.

Plug Types & Aftermarket Covered:
• Spark Plugs
• Glow Plugs
• Vehicle Types Covered:
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Cars
Electrode Materials Covered:
• Platinum
• Copper
• Iridium
End Users Covered:
• Industrial
• Marine
• Automobile
• Aerospace

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