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Automotive Ignition Coil Market to Undertake Strapping Growth During 2026
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On an average, sales of compact or mid-size cars account for 55%-63% share of global car sales. Thus, this segment offers lucrative opportunities for deployment of automotive ignition coils. By 2026-end, over three-fourth of global sales of automotive ignition coils will be accounted by passenger cars, revenues from which are expected to soar at 4.8% CAGR. The report also includes regional analysis of global automotive ignition coil market, which indicates APEJ (Asia-Pacific excluding Japan) region as the largest market for automotive ignition coils. Contribution of APEJ countries towards global automobile production is cited as a key factor for recording highest sales of ignition coils. The automotive ignition coil market in Middle East & Africa is also expected to remain lucrative, showcasing revenue growth at 5.1% CAGR.
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Nevertheless, leading automakers in the world will continue to count upon automotive ignition coils for improving efficiency of their automotive offerings. Key players that will be actively participating in the growth of global automotive ignition coil market include, Denso Corporation, Federal-Mogul Corporation, NGK Spark Plug Co., Ltd., BorgWarner Ludwigsburg GmbH, Valeo SA, Robert Bosch GmbH, Delphi Automotive PLC, Hitachi Automotive Systems Americas, Inc., Mitsubishi Electric Corporation, Standard Motor Products, Marshall Electric Corp, and AcDelco.
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