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Global Spark Plug Market Size, Share, Growth, Trends, Forecast: By Type: Hot Spark Plug, Cold Spark Plug; By Material: Copper, Platinum, Iridium, Others; By End Use: Automotive, Marine, Others; By Sales Channel: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Spark Plug Market Outlook
The global spark plug market size reached approximately USD 3.36 billion in 2023. The market is further projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of USD 5.16 billion by 2032.
Key Trends in the Market
A spark plug is a device that supplies the spark to ignite the mixture of fuel and air, creating an explosion that helps the engine produce power. This device fits in the cylinder head of the internal combustion engine and is made from extremely durable material.
- The significant growth of the automotive sector is boosting the spark plug market demand. The spark plugs create an arc of electricity across two leads that do not touch one another but are close enough to allow the electricity to jump between them.
- Other major factor aiding the market expansion includes development of advanced corona ignition systems and product variants with plasma core. Such innovations aid in reducing noise, vibrations, and smoke emissions.
- Various boats are equipped with a natural gas-powered engine or a cylinder gasoline, that requires a spark plug to initiate the ignition process. The rising demand for recreational boats including cabin cruisers, flat boats, and deck boats, among others, due to increasing tourism is boosting the requirement for spark plugs.
Global Spark Plug Market Analysis
On the basis of type, the market is bifurcated into hot spark plug and cold spark plug. Based on material, the market is divided into copper, platinum, and iridium, among others. On the basis of end use, the market is classified into automotive and marine, among others. Based on sales channel, the market is categorised into OEM and aftermarket. On the basis of region, the spark plug market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- DENSO Corporation
- Robert Bosch GmbH
- Niterra Co., Ltd
- E3 Spark Plugs
- Ford Motor Company
- Tenneco Inc.
- Valeo S.A.
- Weichai Power Co., Ltd.
- SELPLAN
- YAMAHA Motor Pvt. Ltd.
- Other
Market Share by Type
Cold spark plugs are expected to account for a significant spark plug market share over the forecast period. This growth can be attributed to the ability of cold spark plugs to transfer heat at a faster rate as compared to hot spark plugs. Cold spark plugs have less insulation close to the tip, which results in transfer of more heat, decreasing the temperature of the tip. Due to their ability to reduce the engine temperature, cold spark rings are most suitable when facing power loss, engine knocking, and pre-ignition.
Market Share by Region
The Asia Pacific is anticipated to account for a significant portion of the market owing to the rapid expansion of the automotive sector is countries such as India and China and the prominent presence of major car manufacturers. The growing purchasing power of the regional population coupled with the increased governmental efforts to control emissions are further aiding the spark plug market growth in the Asia Pacific. Periodical diagnosing and replacing of spark plugs can reduce vehicle emissions as they can potentially eliminate misfires, which are directly correlated to increased emissions.
Competitive Landscape
DENSO Corporation, an automotive component manufacturer, is dedicated towards the development of new technologies to create influence and value in the field of mobility. The company was founded in 1947 and is headquartered in Aichi, Japan.
Robert Bosch GmbH, established in 1886 and headquartered in Gerlingen, Germany, specialises in industrial technology, energy and building technology, artificial intelligence, mobility solutions, and sustainable technologies, among others.
Niterra Co., Ltd is known for manufacturing and distributing auto parts including glow plugs, sensors, and spark plugs, among others. They are also known for providing piezoelectric ceramics and integrated circuit packages.
Other market players include E3 Spark Plugs, Ford Motor Company, Tenneco Inc., Valeo S.A., Weichai Power Co., Ltd., SELPLAN, and YAMAHA Motor Pvt. Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Material |
|
| Breakup by End Use |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Spark Plug Market Analysis
8.1 Key Industry Highlights
8.2 Global Spark Plug Historical Market (2018-2023)
8.3 Global Spark Plug Market Forecast (2024-2032)
8.4 Global Spark Plug Market by Type
8.4.1 Hot Spark Plug
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cold Spark Plug
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Spark Plug Market by Material
8.5.1 Copper
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Platinum
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Iridium
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Spark Plug Market by End Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Marine
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Spark Plug Market by Sales Channel
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Aftermarket
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Spark Plug Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Spark Plug Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Spark Plug Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Spark Plug Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Spark Plug Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Spark Plug Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 851110)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 DENSO Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Robert Bosch GmbH
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Niterra Co., Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 E3 Spark Plugs
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Ford Motor Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Tenneco Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Valeo S.A.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Weichai Power Co., Ltd.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 SELPLAN
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 YAMAHA Motor Pvt. Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Other
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Spark Plug Market: Key Industry Highlights, 2018 and 2032
2. Global Spark Plug Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Spark Plug Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Spark Plug Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Spark Plug Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Spark Plug Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Spark Plug Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Spark Plug Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
9. Global Spark Plug Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
10. Global Spark Plug Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Spark Plug Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Spark Plug Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Spark Plug Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Spark Plug Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Spark Plug Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Spark Plug Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Spark Plug Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Spark Plug Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Spark Plug Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Spark Plug Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Spark Plug Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Spark Plug Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.36 billion in 2023.
The market is projected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.16 billion by 2032.
The major market drivers include growth of the automotive sector and technological advancements in spark plug technologies to reduce emissions.
The key trends fuelling the growth of the market include rising demand from the marine sector and growing requirement for passenger vehicles.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant materials available in the market include copper, platinum, and iridium, among others.
The key players in the market are DENSO Corporation, Robert Bosch GmbH, Niterra Co., Ltd, E3 Spark Plugs, Ford Motor Company, Tenneco Inc., Valeo S.A., Weichai Power Co., Ltd., SELPLAN, and YAMAHA Motor Pvt. Ltd., among others.
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