Spark Plug Wire Market – Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights and future forecast till 2026

This report provides in-depth analysis of spark plug wire market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year

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Companies covered as part of this study include Mitsubishi, Carquest, Denso, NKG, MSD Ignition, Beck/Arnley, ACDelco, Bosch, SeaStar Solutions, Taylor Cable, Motorcraft, and others

The adoption of spark plug wires has increased, owing to its materials, design, and other factors that has improved capabilities such as enhanced mechanical strength and high electrical resistance of spark plug wires, which are also known as high tension cables. Increasing demand for spark plug wires, owing to significant boost in vehicle sales across the globe is expected to drive growth of global spark plug wire market. Moreover, direct dependency of mileage capacity and noise reduction of a vehicle on spark plug wiring has further enhanced its importance in the automotive industry.

Market Dynamics

The development of digital twin spark ignition system has boosted growth of spark plug wire market, owing to rising demand for spark plug cables. Moreover, stringent government norms and regulations regarding fuel efficiency and emissions from vehicles and increasing demand for vehicles across the globe are factors driving growth of spark plug wire market. In Canada, the Canadian Environmental Protection Act, 1999 (CEPA 1999) offers the legislative authority for regulating emissions from on-road vehicles and engines to maintain the clean surroundings. According to Coherent Market Insights' analysis, around 77 million units of passenger cars were sold in 2017 and the number is expected to increase to around 83 million units by 2018. However, constant maintenance requirements for spark plug wires is expected to hamper the market growth. 

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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. Moreover, enhanced characteristics of high-quality spark plug wires such as wire length, use of heat-resistant materials such as silicone, EPDM rubber, etc. on outer insulation, rubber boots on end terminals, and use of high quality conductors (copper, compressed carbon powder, steel, etc.) has gained significant traction in the automotive market. 

High maintenance cost in case of defective wiring hampers the adoption of spark plug wires

Changing a spark plug is a regular maintenance task for vehicle owners and requires higher-precision. Even after deployment of spark plugs, it is important to replace the spark plug wires to avoid possible impairment of engine performance and mileage capability of the vehicle. These regular replacements get more frequent in case of a faulty spark plug wiring, which adds up to the existing maintenance cost of the vehicles, and this is expected to be major factor for low adoption of these wires. Moreover, increasing demand and adoption of electric vehicles is expected to hamper adoption of spark plug wirings across the globe.

Detailed Segmentation:

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

Global Spark Plug Wire Market, By Geography:
◦ North America
◦ Europe
◦ Asia Pacific
◦ Latin America
◦ Middle East
◦ Africa

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This release was published on openPR.