Korea & China Spark Plug Market by Electrode Material, Application & top Key players, 2017-2023

A spark plug comprises a shell, resistance, electrodes, and an insulator. During the engine operation, when a high tension current flows through the center electrodes, it ionizes the gas present between the electrode gaps; hence, produces a spark. The segments in the report are analyzed based on electrode material, application, and country.

Access Full Summary: https://www.alliedmarketresearch.com/korea-china-spark-plug-market?utm_source=openpr

Increase in sales and production of gasoline-powered vehicles, and rise in gasoline-based generators, small & recreational boats, and jet skis drive the market growth.

In 2016, China was the highest contributor, in terms of revenue, in the Korea & China spark plug market. In addition, iridium segment under the electrode material type contributed a significant revenue to the market. Furthermore, the automobile segment is anticipated to witness the highest growth rate during the forecast period, due to heavy investment across the region.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/4604?utm_source=openpr

Prominent market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances, to increase awareness about the spark plugs market across the region.

Korea & China Spark Plug Market was valued at $670 million in 2016, and is projected to reach at $947 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023.

The key players operating in the Korea & China spark plug market include NGK Spark Plug Co. Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch GmbH, FRAM Group IP LLC. (Autolite), Enerpulse Technologies Inc., Stitt Spark Plug, Acdelco Corporation, E3 Sparkplugs, Zhuzhou Torch Spark Plug, Weichai Power Co. Ltd., MSD Performance, Ford Motor Company, and Valeo.

Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/4604?utm_source=openpr

Key Benefits for Stakeholders

This report provides an extensive analysis of the current and emerging market trends and dynamics in the Korea & China spark plug market.
In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
Extensive analysis of the market is conducted by following the key product positioning and monitoring of the top competitors within the market framework.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the spark plug market.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.