Spark Plugs and Glow Plugs Market is expected to register high CAGR during the forecast period (2018 - 2023)| Major Vendors - ACDelco Corporation, Denso Auto Parts, KLG Spark Plugs, Robert Bosch GmbH, among others

Market Analysis:

Spark plugs are installed in the cylinders of gasoline engines, while glow plugs are used in cylinders of diesel engines to ensure sufficient heating during the cold start, by a heating coil. Technological advancements, like E3 high-performance, plasma core, and ACIS (Advanced Corona Ignition System) in designing spark plugs have acted as one of the factors responsible for growth in the spark plug market.

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The automotive spark plug market growth is influenced by a number of factors, such as increasing automotive production, stringent emission norms, and rising demand for higher fuel efficiency. Manufacturers are making long-term contracts with suppliers to reduce production costs is another factor, which will fuel the growth of the market. Engine downsizing, and increasing replacement interval for spark plugs are some of the notable trends observed in the market.

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Market Segments:
Spark Plugs and Glow Plugs Market is segmented by:
1. Product Type: Hot Spark Plug, Cold Spark Plug, Metal Glow Plug, Ceramic Glow Plug
2. Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicle
3. Sales Channel: OEM, Aftermarket
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2017: NGK spark plug Europe launched five new ignition coils and boosts number of applications for cars from PSA and GM

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