Automotive Spark Plug Market

The global Automotive Spark Plug market was valued at 5400.98 Million USD in 2021 and will grow with a CAGR of 6.01% from 2021 to 2027, based on Research newly published report.

The prime objective of Automotive Spark Plug Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Automotive Spark 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).

A spark plug is a device for delivering electric current from an ignition system to the combustion chamber of a spark-ignition engine to ignite the compressed fuel/air mixture by an electric spark, while containing combustion pressure within the engine. A spark plug has a metal threaded shell, electrically isolated from a central electrode by a porcelain insulator. The central electrode, which may contain a resistor, is connected by a heavily insulated wire to the output terminal of an ignition coil or magneto. The spark plug`s metal shell is screwed into the engine`s cylinder head and thus electrically grounded. The central electrode protrudes through the porcelain insulator into the combustion chamber, forming one or more spark gaps between the inner end of the central electrode and usually one or more protuberances or structures attached to the inner end of the threaded shell and designated the side, earth, or ground electrode(s).The market in terms of value for spark plugs is estimated to be the largest in the Asia-Oceania region, which holds a market share of about 47% in 2017. China is the major contributor to the growth of spark plugs in the Asia-Oceania region.

By Market Verdors:

• NGK
• Bosch
• Tenneco(Federal-Mogul)
• Denso
• ACDelco
• FRAM Group
• Zhuzhou Torch Spark Plug (Weichai)
• Nanjing Leidian
• Brisk Spark Plug

By Types:

• Copper Nickel Alloy
• Platinum
• Iraurita

By Applications:

• OE
• 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.

Key Reasons to Purchase

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• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
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• To understand the future outlook and prospects for the market.
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