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Spark Plug Market expected to reach USD 9779.1 Million by 2025 with a CAGR of 5.6%

Spark Plug Market is valued at USD 6678.1 Million in 2018 and expected to reach USD 9779.1 Million by 2025 with a CAGR of 5.6% over the forecast period.

Increasing demand and production of automobiles is driving the growth of global spark plug market.

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Spark plug market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about spark plug market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.

The spark plug is used to ignite the combustion of the compressed fuel-air mixture during the compression cycle in spark ignition engine and it is the task of the spark plug to generate this spark. In combustion chamber, a flame front spreads from the spark and fills the combustion chamber until the air fuel mixture burned and the heat released increases the temperature inside of the combustion chamber, there is a rapid buildup of pressure in the cylinder and the piston is forced downwards. The movement is transferred via connecting rod to the crankshaft; this drives the vehicle via the clutch, the gears and the axles. The spark plug is widely used in automotive, marine and industrial sector.

The rising demand and production of automobiles due to the growing population and increasing consumer disposable income has resulted in the growth of spark plug market. Increased usage of fuel-based boats, other fuel driven machinery, generators and jets is also boosting the growth of spark plug market. Increasing Government initiatives to reduce carbon emission by using electric vehicle for public transport is also augment the market growth for spark plugs. However, the increasing trend of engine downsizing coupled with the growing demand for electric vehicles may hinder the growth spark plug market within the forecast period. In spite of that, technological advancements to improve the performance and ignitability can provide opportunities for the growth of spark plug market in the forecast period.

Spark Plug Market Key Players

  • Federal-Mogul Corporation
  • Denso Corporation
  • BorgWarner Inc.
  • Robert Bosch Gmbh
  • ACDelco
  • Weichai Power Co. Ltd.
  • Megenti Marelli S.p.A
  • NGK Spark Plug Co. Ltd
  • Valeo
  • MSD Performance
  • HELLA GmbH & Co. KGaA

Spark Plug Market Segmentation –

By Product Type: Hot Spark Plug, Cold Spark Plug

By Electrode Material: Copper, Iridium, Platinum, Others

By Application Type: Automotive, Marine, Industrial, Others

By Demand Category: OEM, Aftermarket

By Region:

North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

This comprehensive report will provide:

  • Enhance your strategic decision making
  • Assist with your research, presentations and business plans
  • Show which emerging market opportunities to focus on
  • Increase your industry knowledge
  • Keep you up-to-date with crucial market developments
  • Allow you to develop informed growth strategies
  • Build your technical insight
  • Illustrate trends to exploit
  • Strengthen your analysis of competitors
  • Provide risk analysis, helping you avoid the pitfalls other companies could make
  • Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

  • Which are the driving factors responsible for the growth of market?
  • Which are the roadblock factors of this market?
  • What are the new opportunities, by which market will grow in coming years?
  • What are the trends of this market?
  • Which are main factors responsible for new product launch?
  • How big is the global & regional market in terms of revenue, sales and production?
  • How far will the market grow in forecast period in terms of revenue, sales and production?
  • Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
  • How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
  • Which region has more opportunities?

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