Spark Plug Market - Car Segment Lead the Spark Plug Market | NGK Spark Plug, Federal-Mogul, Borgwarner, Denso Corp, Robert Bosch, General Motors, Delphi, Valeo, Weichai Power, FRAM GROUP
Download Report Sample (190 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/1873
Spark plug is an engine component, located at the top of cylinder, which delivers electric current during the combustion process to produce spark. Increase in production of gasoline and natural gas-based vehicle mostly two-wheeler and passenger cars drive the market growth. However, technical advancements to downsize automotive engines and growth in penetration of electric vehicle & electrically powered working equipment, such as mowers and saws, hinder the growth of the spark plug market. Irrespective of these challenges, increase in demand for natural gas-based vehicle and technological advancements, such as new electrode material, are expected to create numerous opportunity for the market players, thus fueling the market growth.
Electrode material segment is divided into copper, iridium, and platinum. In 2015, iridium spark plug accounted for the largest revenue among others. This is attributed to its benefits such as long service life, approximately five times greater than copper spark plug, and high ignitability due to fine tipped center electrode. However, copper spark plug is anticipated to witness decreased growth trend. Moreover, platinum spark plug is anticipated to witness the highest growth rate of 4.8% CAGR among others.
Request For Customization Of This Report: https://www.alliedmarketresearch.com/request-for-customization/1873
Spark plug finds its application across several verticals such as automobile, marine, industry, and others (working equipment, brush cutters, scythes, mowers, saws). In 2015, automobile segment accounted for the largest market share among others, and is anticipated maintain its dominance due to increase in number of gasoline-based vehicle and rise in demand for natural gas vehicles. However, industrial segment is expected to witness the highest growth rate of 7.2% CAGR among others due to growth in urbanization and industrialization in developing countries, which further boosts the demand for petrol or natural gas generator.
Asia-Pacific accounted for the majority of revenue in 2015, and is expected to maintain its dominance, followed by Europe and North America. This is attributed to the increase in sales and production of automobiles such as two-wheelers and passenger cars and LCV.
Inquire More About This Report Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/1873
Spark plug is a type of lighter that ignites the compressed air-fuel mixture at the top of cylinder head. Spark plugs must be able to withstand at temperature of about 25000C and combustion pressure as high as 50 Kg/cm2. Centre electrode material is most important part of spark plug, as fuel economy and engine efficiency is based upon that. As per the key executive, one of the major spark plug manufacturer have tested around 2,000 electrode materials and over 25,000 insulator combination. Moreover, impending need of fuel efficient vehicles owing to increasing carbon footprint has fueled the demand of natural gas based vehicles eventually increasing the demand of spark plug. Among different applications of spark plug, automobile segment is anticipated to witness the robust growth rate owing to burgeoning number of sales and production of vehicle across the globe, states Eshan Hira, Research Associate, Automotive & transportation, Allied Market Research
Key Findings of the Spark Plug Market:
o In 2015, iridium spark plug led the overall spark plug market, and is projected to grow at a CAGR of 4.4% during the forecast period.
o Platinum spark plug segment is expected to grow at a remarkable CAGR of 4.8% during the forecast period.
o Automobile segment led the overall spark plug market in 2015, and is estimated to grow at a CAGR of 4.4%.
o Industrial segment is expected to grow at a remarkable CAGR of 7.2%, owing to the increase in number of gasoline and natural gas-based generator mostly in developing countries such as China and India.
o Asia-Pacific accounted for the largest market share among others in 2015, and is anticipated to grow at a remarkable CAGR of 4.6%.
o China is the major shareholder, accounting for about half share of the Asia-Pacific spark plug market.
Schedule a Free Call With Our Analysts: https://www.alliedmarketresearch.com/connect-to-analyst/1873
The key players in the spark plug market are focused to expand their business operations in the emerging countries with new product launches as a preferred strategy. The major players profiled in this report include NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Denso Corporation, Robert Bosch Gmbh, FRAM Group IP LLC (Autolite), Enerpulse Technologie, Stitt Spark Plug, Acdelco Corporation, E3 Sparkplugs, Zhuzhou Torch Spark Plug, Weichai Power Co. Ltd., MSD Performance, Ford Motor Company, and Valeo.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
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.
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Spark Plug Market - Car Segment Lead the Spark Plug Market | NGK Spark Plug, Federal-Mogul, Borgwarner, Denso Corp, Robert Bosch, General Motors, Delphi, Valeo, Weichai Power, FRAM GROUP here
News-ID: 1987715 • Views: 167
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Spark
Spark Plug Market Key Player Analysis By Ngk Spark Plug Co., Ltd., Federal-Mogul …
Global spark plug market is expected to reach $2,904 million by 2022, growing at a CAGR of 4.2% during the forecast period 2014 - 2022. Spark plug is an electrical device threaded into the cylinder of spark ignition engine, which produces spark at the required time to ignite the combustible air-fuel mixture in the cylinder bore. The device comprises shell, resistance, electrodes, and insulator. During the engine operation, when high
Global Two-Wheeler Spark Plugs Market 2018 - Bosch, Denso, Valeo, NGK Spark Plug …
Eminent Market, recently published a detailed market research study focused on the “Two-Wheeler Spark Plugs Market” across the global, regional and country level. The report provides 360° analysis of “Two-Wheeler Spark Plugs Market” from view of manufacturers, regions, product types and end industries. A spark plug is a device used to transfer electric current to the combustion chamber to ignite the air-fuel mixture with an electric spark. The increase in
Global Spark Plug Future Market 2018-2023 Denso, NGK Spark Plugs, Autolite, Bosc …
The research report “Spark Plug Market Report 2018-2023” offers comprehensive knowledge on the Spark Plug market. It analyses the important factors of the Spark Plug based on present industry situations, Spark Plug demands, business strategies utilized by Spark Plug players and the future prospects from various angles in detail. Industry analysis is a market assessment tool used by business and analysts to understand the complexity of an industry. Optical Pulse
Spark Plugs Market Size, Share, Tends Report
Spark Plugs Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2019 Market Research Report to It’s a Database. Download sample copy @ https://goo.gl/LWnE3r A gasoline engine cannot run until the air/fuel mixture is ignited. This essential process takes place when an electrical device known as the spark plug generates an electric spark which ignites the mixture. Similarly, in a
Global Compact Type Spark Plugs Market 2017 : Autolite, Denso Auto Parts, NGK Sp …
The Global Compact Type Spark Plugs Market Key Vendors are Autolite, Denso Auto Parts, NGK Spark Plugs, Robert Bosch. A market study based on the "Compact Type Spark Plugs Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Compact Type Spark Plugs Market 2017’. The research report analyses the historical as well as present performance of the worldwide Compact Type Spark Plugs industry, and
Global Spark Plugs and Glow Plugs Market 2017 : KLG Spark Plugs, Autolite, NGK S …
The Global Spark Plugs and Glow Plugs Market Key Vendors are KLG Spark Plugs, Autolite, NGK Spark Plugs, Robert Bosch, Wellman. A market study based on the "Spark Plugs and Glow Plugs Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Spark Plugs and Glow Plugs Market 2017’. The research report analyses the historical as well as present performance of the worldwide Spark Plugs