Automotive Ignition Coil Market is expected to grow at CAGR of 4.5% for the period 2020-2027 | Denso Corporation, AcDelco, Valeo SA, Hitachi Inc., and Robert Bosch GmbH

Automotive Ignition Coil Market Perspective 2021

An automotive ignition coil, also known as a spark coil, is an induction coil that converts the battery voltage to the thousands of volts required to create an electric spark in the spark plugs to ignite the fuel. The coils fire directly into the spark plugs. Automotive ignition coils are critical to the engine's smooth and efficient operation. There are various types of ignition coils on the market, including ignition coil rails, pencil ignition coils, double spark coils, electronic distributor coils, can-type ignition coils, and so on. Automotive ignition coils are widely used in passenger vehicles, light commercial vehicles (LCV), medium commercial vehicles (MCV), and a variety of other applications.

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E-tailing is a fast growing retail sector in the automotive aftermarket and is becoming a significant revenue stream for auto parts sales. Component manufacturers such as Bosch and Denso have their own portal to sell products online. Other prominent e-tailing companies include Auto Car Parts, Rock Auto, and Amazon.

The majority of newer cars on the market have a hard plastic cover designed to protect the coil from damage. Furthermore, due to the trend of sustainability to support low fuel consumption, demand for modern ignition coils is constantly increasing. This, in turn, is expected to drive the growth of the automotive ignition coil market. The growing demand for electric and hybrid vehicles, on the other hand, is a major factor impeding the growth of the automotive ignition coil market. This is due to growing concerns about environmental pollution, concerns about automotive emissions, and falling battery prices.

𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤) :

𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀/𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 Automotive Ignition Coil ?

Delphi Automotive LLP, Continental AG, Marshall Electric Corp, DENSO Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Toyota, Nissan Motor Co., Ltd, Hitachi Automotive Systems Americas,

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲, 𝘀𝗵𝗮𝗿𝗲 𝗼𝗳 Automotive Ignition Coil ?

𝗬𝗲𝘀, The global Automotive Ignition Coil Market was accounted for US$ 2,757.4 Mn in terms of value and 113,758 thousand units in terms of volume in 2019 and is expected to grow at CAGR of 4.5% for the period 2020-2027.

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The study conducts a SWOT analysis to assess the Automotive Ignition Coil market's strengths, weaknesses, challenges, and barriers. This market report continues by outlining key strategies for increasing profits in the business. Furthermore, it provides a brief description of the Automotive Ignition Coil business approach, industry share, size, and regional growth, as well as an active estimation of the competitors worldwide. Furthermore, it aids in determining the industry's future direction and in making strategic decisions.

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