Press release
Automotive Glow Plug Relays Market Demand, Revenue Forecast and Interesting Opportunities from 2022 to 2028- BorgWarner, Bosch, Delphi Automotive
Automotive Glow Plug Relays Market report helps in making informed business decisions by having complete insights of market and by making a comprehensive analysis of market segments. This recent research compilation on the Automotive Glow Plug Relays Market is a versatile and future-ready analytical survey that replicates trend assessment, an in-depth assessment of market valuation and revenue-generating trends with information on profit models, Swot examination, competition spectrum, and associated vendor strategies illustrated by major players and market participants contributing by aggressively investing in the global Automotive Glow Plug Relays market to secure a competitive advantage amid staggering competition, potential threats from new entrants, as well as technological innovations leading to market substitutes.The Automotive Glow Plug Relays Market is expected to register a CAGR of 4.1% over the forecast period 2022 - 2028.
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Top Companies:
BorgWarner, Bosch, Delphi Automotive, Eaton, NGK, Hidria, Delphi, Hyundai Mobis, ACDelco, Magneti Marelli, Valeo, YURA TECH
Industry News:
In February 2020, Tata Daewoo Commercial Vehicle Company Ltd announced its plans to strengthen its truck lineup in South Korea. In the next five years, Tata Daewoo may launch more than three light truck models, weighing 2.5 metric tons to 3.5 metric tons per vehicle.
In May 2019, British Columbia passed an emissions law aimed at curbing the production and sale of fuel-burning cars in the Canadian province. The law mandates that 10% of all vehicles sold by 2025 should be zero-emission ones, while the sale of fuel-burning cars and trucks will be banned by 2040.
In 2018, Denso updated its extensive glow plug range by replacing two ceramic glow plugs, DG 302 and 312, with metallic glow plugs (DG 641 and 646).
By the product type, the market is primarily split into:
Multifunctional Glow Plug Relays
Diesel Glow Plug Relays
By the end-users/application, this report covers the following segments:
Passenger Vehicles
Commercial Vehicles
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Asia Pacific is Expected to Lead the Market
China is of the largest markets for automotive vehicles, worldwide. From 2008 to 2019, the share of China in global vehicle production experienced a two-fold increase from 13% to 28% in 2019. Meanwhile, vehicle sales in China went up significantly, and the annual growth rate varied over the same period, reaching a peak of 45% in 2009. However, it has been experiencing a contraction since 2018. Nonetheless, the Chinese automobile market shrank by only 1.9% in 2020, with economic stimulus softening the blow of the COVID-19 pandemic.
Geographical Analysis
The report provides geographical as well as country-level analysis of the Automotive Glow Plug Relays market demonstrating the dominance of companies in different regions and countries. Also, in this section, the report presents the market revenue of specific products in specific regions to get informed about the dominating region in the market. Some of the regions and countries mentioned in the report are, the US, Canada, Mexico, Brazil, in North America; China, India, Korea, Japan, Singapore in the Asia Pacific; Germany, UK, Italy, France in Europe, GCC countries, Qatar in the Middle East and Africa, Latin America, South America, etc.
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Research Methodology
All the data presented in the report from valuation to revenue, drivers, growth areas of the Automotive Glow Plug Relays market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely. This research helps in offering well authenticated, verified, data with exact facts and figures. The report is then forwarded to in-house analysts, top-level experts, veterans, industry persons, third parties for feedback, verification, and editing, thus, providing the reader with well written, praised report.
Key takeaways from the report
The report provides drivers, restraints, challenges, and growth points of the Automotive Glow Plug Relays market and how the market can be grown from 2022-to 2028.
The report helps in figuring out the impact of covid-19 on the Automotive Glow Plug Relays market and what measures can be taken for its development.
The Automotive Glow Plug Relays market players are assisted from the report for investing in the right product or application from the market.
The report also mentions applications, product offerings, types, key marketing trends of the Automotive Glow Plug Relays
The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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