Spark Plug Wire Market Booming the Industries by Ravisisng keyplayers | Mitsubishi, Carquest, Denso, NKG, MSD Ignition, Beck/Arnley, ACDelco, Bosch, SeaStar Solutions, Taylor Cable, Motorcraft

Global spark plug wires market is expected to witness moderate growth during the forecast period. The market growth is majorly attributed to increasing demand for spark plugs and other ignition systems in various types of vehicles. Furthermore, high dependency of vehicle performance and mileage capabilities on smart plug wirings has increased their importance in the automotive industry.

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A high-quality spark plug wire can boost vehicle’s performance drastically, as these connector systems perform an important role of communication between engine ignition systems. A low quality spark plug wire is less capable of efficiently carrying electricity, which deteriorates engine’s performance and condition. This can lead to increase in maintenance costs and higher risks of engine breakdown. High-quality spark plug wires witnessed significant demand in the recent past, owing to their ability of avoiding possible issues such as engine failure.

Technological advancements in automation and cost-effective spark plug pressing system is driving market growth

Advancements in the design and cost reduction in the pressing of the spark plug wires through automation by maintaining defined standards to eliminate quality defects such as meager contact of the cable generate unexpected hurdles has increased their adoption to maintain performance of the vehicle engine and lifespan. Therefore, continuous improvements in the design, as well as methodologies such as automation to press spark plug wires in the engine, has led to growth of the spark plug wiring industry.

Applications of spark plug wires across various types of vehicles
Spark plugs are a crucial part of vehicle engine, which ignites the spark to start an engine. Spark plug wiring helps to conduct the electricity from one terminal to another to effectively carry out the aforementioned process. Growth in disposable income especially across emerging economies and growing aftermarket for automotive industry is driving growth of the spark plug wire market. For instance, according to the data provided by World Economic Forum, Indian household savings virtually tripled from 2005 till 2014, due to increased disposable income.

The use of innovative technologies such as Internet of Things (IoT) embedded to spark plug wires has helped to create a direct communication channel between user and producer. For instance, Moxa launched the IIOT (Industrial Internet of Things) Gateway Starter Kit in October 2017 that includes built-in support for Amazon Web Services (AWS) to allow faster deployments.

Some of the key players operating in the global spark plug wire industry include Mitsubishi, Carquest, Denso, NKG, MSD Ignition, Beck/Arnley, ACDelco, Bosch, SeaStar Solutions, Taylor Cable, Motorcraft, and others.

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Detailed Segmentation:

• Global Spark Plug Wire Market, By Wire Type:
o Distributed Resistance Wires
o MAG (Magnetic Resistance) Wires
o Fixed Resistor Wires
o Others

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