Automotive Spark Plugs and Glow Plugs Market 2020 | Scope, Revenue, Trends, Drivers, Challenges, and Competitive Landscape till 2022

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Dec 30, 2020 (AmericaNewsHour) — A petrol engine needs three things in order to function properly: air, fuel and a spark. A spark plug ignites the air/fuel mixture, producing the combustion that powers the engine. Alternatively, a glow plug is a heating device used to aid starting diesel engines.

The automotive glow plug is fitted into each cylinder of a diesel engine, with a heating element to heat incoming fuel and air to ensure efficient combustion when the engine is cold.

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Market Dynamics:

One of the major key factors driving the growth of this market is the increasing demand for vehicles across the globe. The rise in stringency of the government norms and regulations pertaining to the emissions and fuel efficiency is also a key contributor to the growth of automotive spark & glow plugs.

Long-term business contracts of spark & glow plug manufacturers with suppliers to reduce production costs and increase profit margin is another factor expected to fuel the growth of thismarket. Increasing replacement interval for spark plugs, engine downsizing and focus of prominent players on business expansion and collaboration with technology providers are some of the prominent trends observed in the market.

However, the increasing adoption of engine downsizing and transition towards electric vehicles are estimated to hinder the automotive spark and glow plugs market at a global level. Additionally, maintaining balance between low cost, high performance and durability of the spark and glow plugs is one of the common challenges for the market players to cope up with.

Market Segmentation:
The Global Automotive Spark Plugs and Glow Plugs market can be segmented on the basis of vehicle type, market type, application, material type and construction type.

1) Vehicle Type:
i) Passenger Car
ii) Light Commercial Vehicle
iii) Heavy Commercial Vehicle
2) Market Type:
i) OE
ii) Aftermarket
3) Application:
i) Spark Plugs
(1) Hot Spark Plugs
(2) Cold Spark Plugs
ii) Glow Plugs
(1) Metal Glow Plug
(2) Ceramic Glow Plug
4) Construction Type:
i) Pencil Glow Plug
ii) Coil Glow Plug
5) Material Type:
i) Standard Spark Plug
ii) Iridium Spark Plug
iii) Platinum Spark Plug

Geographical Analysis:
Geographically, Asia-Oceania being the largest vehicle producer is estimated to be the largest market for automotive spark & glow plug. China and India are the main contributors to the growth of automotive spark & glow plug market in Asia-Oceania region. A slower growth of this market canbe seen in Latin America and Europe

Key Players:
Some of the key players in the automotive spark plugs and glow plugs market are NGK Spark Co. Ltd,BorgWarner Inc., Robert Bosch GmbH, Denso Corporation, Federal-Mogul Corporation, ACDelco Corporation and Autolite.

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The post Automotive Spark Plugs and Glow Plugs Market 2020 | Scope, Revenue, Trends, Drivers, Challenges, and Competitive Landscape till 2022 appeared first on America News Hour.

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The MarketWatch News Department was not involved in the creation of this content.