openPR Logo
Press release

Automotive Spark and Glow Plugs Market to Witness Rapid Increase in Consumption During 2016 – 2022

According to the latest market report published by Persistence Market Research titled ‘Global Market Study on Automotive Spark and Glow Plugs: Ceramic Glow Plugs to be the Dominant Segment during the Forecast Period 2016 – 2022, the global automotive spark & glow plugs market is estimated to be valued at US$ 5.6 Bn by 2016 end, and is expected to increase at a moderate CAGR during the forecast period (2016–2022).

The automotive spark plug is a device designed to fit in each cylinder of a gasoline-powered internal-combustion engine to produce the electric spark for ignition of the air-fuel mixture. The automotive glow plug is a device fitted into each cylinder of a diesel engine, with a heating element to heat incoming fuel and air to ensure efficient combustion when the engine is cold. Automotive spark & glow plugs are generally classified by type into hot spark plugs, cold spark plugs, metal glow plugs and ceramic glow plugs. On the basis of vehicle type, the market has been segmented into passenger cars, light commercial vehicles (LCV) and heavy commercial vehicle (HCV). The market is segmented into OEM (original equipment manufacturer) and aftermarket, on basis of the sales channel.

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/4072

Increasing automotive production & vehicle parc, upcoming stringent fuel efficiency and emission norms are expected to emerge as major factors driving the growth of automotive spark & glow plugs market during the forecast period. Long-term business contracts of spark & glow plugs manufacturers with OEMs helps them reduce production costs and increase profit margins and also shield them from price fluctuations of raw material. Such factors are further expected to fuel the growth of the market over the forecast period. However, rising demand for electric vehicles due to increasing environmental awareness, fluctuating fuel prices and ongoing inclination towards engine downsizing are projected to impede the growth of the global automotive spark & glow plugs market during the forecast period. Global automotive spark & glow plugs demand is expected to increase to 893,437 thousand units by 2022 at a moderate CAGR during the forecast period.

In terms of market value, Asia-Pacific is expected to dominate the global automotive spark & glow plugs market over the forecast period. Europe is expected to be the second-largest market, accounting for revenue share of 22.0% of the global estimated market value by 2016 end. MEA automotive spark & glow plugs market is slated to expand at the highest CAGR in terms of value during the forecast period.

Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/4072

On the basis of product type, the ceramic glow plug segment is expected to expand at a comparatively higher value CAGR during the forecast period. The growth of this segment is primarily driven by increasing demand for diesel engines in developing countries such as China, Mexico and Brazil. On the basis of vehicle type, revenue contribution of the passenger cars segment is expected increase at the CAGR of 2.3% during the forecast period. On the basis of sales channel, aftermarket segment is expected to have dominant revenue share over the forecast period.

Browse through the full Automotive Spark & Glow Plugs Market: Global Industry Analysis and Forecast, 2016 to 2022 report on https://www.persistencemarketresearch.com/market-research/automotive-spark-glow-plugs-market.asp

Expansion of existing manufacturing facilities and collaboration with technology providers are major trends observed among key manufacturers to increase their market presence and enhance their product portfolio. Prominent players in the global automotive spark & glow plugs market include NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Denso Corporation, Robert Bosch GmbH, Borgwarner Inc., Weichai Power Co., Ltd, Valeo SA, ACDelco Corporation, Magneti Marelli Aftermarket N.A.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/4072

The global automotive spark & glow plugs market is segmented as follows:

By Product Type

Hot Spark Plug
Cold Spark Plug
Metal Glow Plug
Ceramic Glow Plug
By Vehicle Type

Passenger Cars
LCV (Light Commercial Vehicle)
HCV (Heavy Commercial Vehicle)
By Sales Channel

OEM (Original Equipment Manufacturer)
Aftermarket
By Region

Asia Pacific
Europe
North America
Latin America
Middle East & Africa

Persistence Market Research

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com

ABOUT US:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Spark and Glow Plugs Market to Witness Rapid Increase in Consumption During 2016 – 2022 here

News-ID: 2176999 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Plug

Automotive Glow Plug Market : Metal Glow Plug, Ceramic Glow Plug 2021-2031
The global automotive glow plug market was valued at $2.7 billion in 2021, and is projected to reach $4 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031. By vehicle type, the automotive glow plug market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The light commercial vehicles segment was the highest revenue contributor to the market. Motor vehicles utilized for the carriage
Spark Plug and Glow Plug Market Is Booming Worldwide | NGK Spark Plug, Borgwarne …
A new business intelligence report released by HTF MI with title "Spark Plug and Glow Plug Market, Global Outlook and Forecast 2022-2028" is designed covering micro level of analysis by manufacturers and key business segments. The Spark Plug and Glow Plug Market survey analysis offers energetic visions to conclude and study size, share, and competitive nature of market. The research is derived through primary and secondary statistics sources and delivers
Lawsuit filed for Investors in shares of Plug Power Inc. (NASDAQ: PLUG)
An investor, who purchased shares of Plug Power Inc. (NASDAQ: PLUG), filed a lawsuit over alleged violations of Federal Securities Laws by Plug Power Inc.. Investors who purchased shares of Plug Power Inc. (NASDAQ: PLUG) have certain options and for certain investors are short and strict deadlines running. Deadline: May7, 2021. NASDAQ: PLUG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. Lahtam, NY based Plug Power
Investigation announced for Investors in shares of Plug Power Inc. (NASDAQ: PLUG …
An investigation on behalf of investors of Plug Power Inc. (NASDAQ: PLUG) shares over potential securities laws violations by Plug Power Inc. and certain of its directors and officers in connection with certain financial statements was announced. Investors who purchased shares of Plug Power Inc. (NASDAQ: PLUG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on
Global Spark Plug and Glow Plug Market Overview Report by 2020-2025
Scope of the Report: The global Spark Plug and Glow Plug market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. Market segmentation Spark Plug and Glow Plug market is split by Type and by Application. For the
Spark Plug & Glow Plug Market Focusing on Leading Players NGK Spark Plug Co. Ltd …
The market report envelopes all-in information on the global Spark Plug and Glow Plug Market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global Spark Plug and Glow Plug market with Regression Analysis, S.T.E.E.P.L.E and Porter's Five Forces Analysis. With SWOT analysis, the report offers detailed insights about different players operating within the Spark