Spark Plug Market Trends with Major Eminent Vendors: Federal-Mogul Corporation, Ngk Spark Plug Co Ltd, Enerpulse Technologie, Autolite, Denso Corporation, Zhuzhou Torch Spark Plug, Stitt Spark Plug, Acdelco and E3 Sparkplugs
The Spark Plug Market was worth USD 2.07 billion in 2014 and is expected to reach approximately USD 3.04 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.36% during the forecast period.Spark Plug Market - Competitive Insights:
The leading players in the market are Federal-Mogul Corporation, Ngk Spark Plug Co Ltd, Enerpulse Technologie, Autolite, Denso Corporation, Zhuzhou Torch Spark Plug, Stitt Spark Plug, Acdelco and E3 Sparkplugs. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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This Report also provides Sales Analysis, Equipment and Raw Material Suppliers, Tables & Figures, development of Spark Plug industry, competitive landscape analysis, and key regions distributors analysis, and shares from 2014-2018 and forecast till 2023.
Spark Plug Market - Material Outlook and Trend Analysis:
Based on material the market is segmented into Copper, Iridium, and Platinum. The iridium is the most progressive centre electrode material for spark plug, which has a life span of 100,000 Km—five times more than copper start plug. Iridium spark plugs have properties, for example, long administration life and enhanced ignitability because of fine tipped focus cathode. Also, iridium spark plug discovers its application to high-end passenger cars, HCVs, and in small boats.
Spark Plug Market - Application Outlook and Trend Analysis:
Automobile spark plug market drove the spark plug market, representing around 80% of the general market. This is ascribed to the rising number of gasoline-powered passenger cars generally in developing nations of Asia-Pacific and LAMEA. Additionally, developing demand for vehicles that are powered by natural gas helps the development of the automobile spark plug market.
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Spark Plug Market - The Spark Plug market is segmented as follows-
By Material:
Iridium
Platinum
Copper
By Application:
Industrial
Automobile
Marine
Others
By Region -
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Spark Plug Market - Regional Outlook and Trend Analysis:
Asia-Pacific spark plug market is the most lucrative spark plug market among different locales, inferable from increment in number of vehicles in China, India, and Japan. Existence of the major car makers in China and their responsibility of investing resources in Asia-Pacific and development in number of joint endeavours with universal brands drive the market development.
Spark Plug Market - Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
5.Spark Plug Market, By Application
6.Spark Plug Market, By Electrode Material
7.Spark Plug Market, By Region
8.Company Profiles
9.Global Spark Plug Market Competition, by Manufacturer
10.Spark Plug Market Forecast (2018-2023)
….
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Brass rods market based on product and application. It also provides market size and forecast till 2023 for overall Brass rods market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
Also, key Spark Plug market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.
Spark Plug Market - Reason to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Spark Plug market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Continued…
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