Automotive Glow Plug Market

The global Automotive Glow Plug market was valued at 779.73 Million USD in 2021 and will grow with a CAGR of .66% from 2021 to 2027, based on Research newly published report.

The prime objective of Automotive Glow Plug Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Glow Plug Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Automotive glow plug is a part that assists during cold start. It creates ideal ignition conditions for the injected fuel to burn through electrically generated thermal energy that is brought into the combustion chamber. Glow plugs are used in diesel engines to help start the engine with low temperature, especially in the winter. Glow plugs can be divided into metal type and ceramic type based on the material. Now, some glow plugs can heat up to more than 1000? in seconds.Europe is the largest market of glow plug. The diesel vehicles in Europe occupied more than 70% of the total amount of diesel vehicles in the global. And the weather in Europe is colder than other regions. So the demand of glow plug in Europe is much larger than other regions. In US, the total amount of vehicles is large, but the share of diesel vehicle is little. So the market of glow plug is smaller than in Europe. But the manufacturing technology is developed in US, so there are some major glow plug manufacturers like BorgWarner, Delphi and Federal-Mogul, all of which are the leading suppliers of glow plug in the world. In Japan, due to the developed automotive industry, the manufacturing technology and market are also developed. In additional, the major suppliers of fine ceramic, which is an important part of ceramic glow plugs, are also located in Japan. In China, there are many manufacturers of glow plugs. But both their capacity and technology have a large barrier with the international manufacturers like BorgWarner. Now, to meet the demand of domestic automotive industry, some foreign companies have built plants in China. To maintain the market share, Chinese glow plug manufacturers should spend more money and time on research and development.

By Market Verdors:

Company A

Company B

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By Types:

Metal Glow Plug

Ceramic Glow Plug

By Applications:

OEM

Aftermarket

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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