Press release
Ignition Coil Market Trends, Future Growth and Worldwide Analysis 2023
Ignition Coil Market
Ignition coil is used in the automobile ignition systems and can transform the voltage in the battery to create an electric spark that can ignite the fuel.
The major driver for the growth of the ignition coil market can be attributed directly to the global rise in automobile sales. The global automotive industry has witnessed a satisfactory growth, especially in the case of emerging economies such as India, Thailand, Mexico and Indonesia. Rising urbanization, rise in per capita income and standard of living in these countries are contributing to the growth of the automotive industry. This is driving the global ignition coils market. The market growth is also helped by the growing emphasis on sustainability and reduced fuel consumption so as to reduce air pollution.
The global ignition coil market is expected to grow over the CAGR of around 3.8 % during the forecast period.
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Key Players of Ignition Coil Market:
• Robert Bosch GmbH (Germany)
• BorgWarner Ludwigsburg GmbH (Germany)
• Delphi Automotive PLC (UK)
• Denso Corporation (Japan)
• Federal-Mogul Corporation (US)
• Mitsubishi Electric Corporation (Japan)
• Hitachi Automotive Systems Americas, Inc. (U.S.)
• Wings Automobile Products Pvt. Ltd (India)
Market Research Future Analysis:
Market Research Future analysis show that the global market of ignition coil is estimated to grow at a CAGR of around 3.8 % by the end of year 2023. Demand for vehicles is consequently high in Asia-Pacific, with China and India projected as the most promising markets. Lower manufacturing cost with cheap labor, advantage of location of production base and short-distance supply are some of the factors, which boost the market in Asia-Pacific.
Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Ignition Coil Market, By Type
4.1 Compression Ignition
4.2 Spark Ignition
4.3 Battery
4.4 Others
5 Global Ignition Coil Market, By Component
5.1 Introduction
5.2 Spark Plug
5.3 Ignition Coil
5.4 Capacitor
5.5 Others
Continue…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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