Reports
Sale
Global Vehicle Ignition Coil Market Size, Share, Forecast: By Type: Coil-on-Plug, Distributor-Based, Distributor Less, Others; By Technology: Single Spark Technology, Double Spark Technology; By Vehicle Type: Passenger Vehicle, Commercial Vehicles; By Sales Channel: OEM, Aftermarket; Regional Analysis; Competitive Landscape; 2024-2032
Global Vehicle Ignition Coil Market Outlook
The global vehicle ignition coil market size was approximately USD 6.04 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching a value of nearly USD 8.72 billion by 2032.
Key Trends in the Market
In a vehicle, the ignition coil, commonly known as a spark coil, serves as an induction coil. It generates an electric spark, thereby igniting the air and gasoline mixture in the compression chamber and facilitating the vehicle’s propulsion. Ignition coils are integral to ensuring that engines operate smoothly and efficiently. The regulation of current flow within the ignition coil can involve either an internal or external resistor, depending on the design.
- The global vehicle ignition coil market demand is positively influenced by increased automobile sales and production. Despite recent economic volatility, the automotive industry has experienced substantial growth, particularly in emerging economies, where automobile production is projected to outpace that of developed nations. The market’s expansion is further driven by rapid urbanisation, per capita income growth, and improved living standards in emerging countries.
- The increasing adoption of lightweight materials and advanced technologies is also aiding the vehicle ignition coil market growth. Key players are pursuing strategies to expand their businesses through cutting-edge technologies and introducing ignition coils with integrated electronics and plug-top technology to enhance engine performance, improve fuel economy, and reduce greenhouse gas emissions.
- The extended lifespan of vehicles has surged the requirement for maintenance and repair activities, including ignition coil replacements. Besides, the increasing focus on enhancing the fuel efficiency of vehicles and optimising their mileage is expected to be one of the major vehicle ignition coil market trends in the coming years.
Market Analysis
Based on type, the market is segmented into coil-on-plug, distributor-based, and distributor less, among others. On the basis of technology, the market can be bifurcated into single spark technology and double spark technology. The vehicle ignition coil market segmentation, based on vehicle type, includes passenger vehicles and commercial vehicles.
Based on sales channel, the market can be categorised into OEM and aftermarket. The major regional markets for vehicle ignition coil are 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 vehicle ignition coil market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Denso Corporation
- HELLA GmbH & Co. KGaA
- Robert Bosch GmbH
- BorgWarner Inc.
- Mitsubishi Electric Corporation
- Valeo Group
- Hitachi, Ltd.
- Niterra Co., Ltd.
- Diamond Electric Mfg. Corporation
- Eldor Corporation S.P.A.
- Others
Market Share by Sales Channel
As per the vehicle ignition coil market analysis, the aftermarket segment is expected to exhibit a healthy growth due to heightened air pollution concerns. Numerous consumers and coil manufacturers are integrating advanced automotive ignition coil technology into vehicles, solidifying the segment’s position.
The increasing number of ageing and worn vehicles also drive demand for high-quality and cost-effective aftermarket replacement ignition coils. Meanwhile, the OEM segment is experiencing rapid growth, driven by increasing vehicle production, stringent carbon emission standards, and the growing demand for advanced ignition systems, particularly in electric and hybrid vehicles.
Market Share by Region
The Asia Pacific accounts for a significant vehicle ignition coil market share, driven by surging vehicle demand in India, China, and ASEAN nations. The region is also witnessing a rise in the demand for commercial vehicles due to increased construction, e-commerce, and mining activities, further aiding the market.
Government initiatives aimed at driving the growth of the automotive sector in the region are expected to further boost the market expansion. Additionally, rapid urbanisation and smart city development are expected to accelerate the market growth in the coming years.
Furthermore, developing nations across the Asia Pacific and Africa are witnessing a rising demand for passenger vehicles, hence increasing the use of vehicle ignition coils. Many automotive manufacturers are also establishing local manufacturing plants to meet the growing demand and leverage cost-effective production for both local consumption and exports, further favouring the market.
Competitive Landscape
Robert Bosch GmbH, established in 1886, is a prominent technology and service provider across multiple sectors, including mobility solutions, industrial technology, consumer goods, and energy/building technology. Renowned for its Internet of Things (IoT) solutions, Bosch serves smart homes, Industry 4.0, and connected mobility. The Bosch Group comprises Robert Bosch GmbH and about 470 subsidiary and regional firms in 60 countries, boasting a vast global presence.
DENSO Corporation, established in 1949, is a leading manufacturer and supplier of a wide range of components used in vehicles worldwide, including top brands like Toyota, Honda, FCA, General Motors, Ford, Volvo, and Mercedes-Benz. With operations in 35 countries and regions, the company maintains a strong global presence. DENSO has a workforce of 164,572 skilled employees and an extensive network of 190 consolidated subsidiaries worldwide.
Valeo Group, founded in 1923, is a leading technology company and automotive partner that focuses on innovation to improve the cleanliness, safety, and intelligence of mobility. Its strengths lie in electrification, driving assistance systems, interior design, and advanced lighting solutions, making it a leader in transforming mobility. Employing over 109,900 people across 29 countries, Valeo operates multiple facilities, research centres, development hubs, and distribution platforms. The company is publicly traded on the Paris Stock Exchange.
Other market players include HELLA GmbH & Co. KgaA, BorgWarner Inc., Mitsubishi Electric Corporation, Hitachi, Ltd., Niterra Co., Ltd., Diamond Electric Mfg. Corporation, and Eldor Corporation S.P.A., 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 Technology |
|
| Breakup by Vehicle Type |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Vehicle Ignition Coil Market Analysis
8.1 Key Industry Highlights
8.2 Global Vehicle Ignition Coil Historical Market (2018-2023)
8.3 Global Vehicle Ignition Coil Market Forecast (2024-2032)
8.4 Global Vehicle Ignition Coil Market by Type
8.4.1 Coil-on-Plug
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Distributor-Based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Distributor Less
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Vehicle Ignition Coil Market by Technology
8.5.1 Single Spark Technology
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Double Spark Technology
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Vehicle Ignition Coil Market by Vehicle Type
8.6.1 Passenger Vehicle
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial Vehicles
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Vehicle Ignition Coil 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 Vehicle Ignition Coil 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 Vehicle Ignition Coil 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 Vehicle Ignition Coil 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 Vehicle Ignition Coil 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 Vehicle Ignition Coil 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 Vehicle Ignition Coil 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 – 851130)
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 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Denso Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 HELLA GmbH & Co. KGaA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Robert Bosch GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BorgWarner Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mitsubishi Electric Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Valeo Group
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hitachi, Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Niterra Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Diamond Electric Mfg. Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Eldor Corporation S.P.A.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vehicle Ignition Coil Market: Key Industry Highlights, 2018 and 2032
2. Global Vehicle Ignition Coil Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Vehicle Ignition Coil Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Vehicle Ignition Coil Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Vehicle Ignition Coil Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Vehicle Ignition Coil Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. Global Vehicle Ignition Coil Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. Global Vehicle Ignition Coil Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
9. Global Vehicle Ignition Coil Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
10. Global Vehicle Ignition Coil Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Vehicle Ignition Coil Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Vehicle Ignition Coil Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Vehicle Ignition Coil Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Vehicle Ignition Coil Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Vehicle Ignition Coil Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Vehicle Ignition Coil Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Vehicle Ignition Coil Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Vehicle Ignition Coil Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Vehicle Ignition Coil Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Vehicle Ignition Coil Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Vehicle Ignition Coil 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 Vehicle Ignition Coil Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 6.04 billion.
The market is assessed to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 8.72 billion by 2032.
The major market drivers include increased vehicle production and sales, rapid urbanisation, improved living standards, growing sales of luxury vehicles in developing nations, and the rising demand for electric vehicles.
The global rise in automotive demand is poised to boost the need for ignition systems. Extended vehicle lifespans have accelerated maintenance, including ignition coil replacements, among others are acting as key industry trends.
North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa are the major regional markets for vehicle ignition coil.
The different types of vehicle ignition coil are into coil-on-plug, distributor-based, and distributor less, among others.
The key players in the market are Denso Corporation, Robert Bosch GmbH, Valeo Group, HELLA GmbH & Co. KGaA, BorgWarner Inc., Mitsubishi Electric Corporation, Valeo Group, Hitachi, Ltd., Niterra Co., Ltd., Diamond Electric Mfg. Corporation, and Eldor Corporation S.P.A., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER