The Global Spark Plug Market is expected to grow at a CAGR of 7.4% during the forecast period.
Increase in production and sales of vehicle globally & rise in number of gasoline or natural gas-powered generators and small & recreational boats are some of the factors influencing the market growth. However, engine downsizing to reduce vehicle weight & growing penetration of electric vehicle & electrically powered working equipment are the factors restricting the market.
Spark Plug is an integral component in an engine, and it performs an important function of producing sparks that are necessary to ignite the mixture of air and fuel in the engine. There is different type of spark plugs, such as platinum spark plugs, iridium spark plug, and copper spark plug, in the market. A spark plug is an initiator of the ignition process, which provides the power to run a vehicle.
Amongst Plug Type, the Spark Plugs segment held significant market share due to rising demand for hot spark plugs and cold spark plugs. Cold spark plugs have a smaller amount insulation and transfer more heat away from the combustion chamber to the outside of an engine and are frequently found in high-compression engines.
- Brisk Company
- Valeo S.A
- Klaxcar France
- Denso Corporation
- Torch Group
- Federal-Mogul Corporation
- Robert Bosch GmbH
- Enerpulse Technologies, Inc.
- Hella KGaA Hueck & Co.
- Holley Performance Products
- NGK Spark Plugs
- Stitt Spark Plug Company
- Weichai Power Co., Ltd.
- Magneti Marelli S.p.A.
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Spark Plugs Market, By Plug Type & Aftermarket
6 Global Spark Plugs Market, By Vehicle Type
7 Global Spark Plugs Market, By Electrode Material
8 Global Spark Plugs Market, By End User
9 Global Spark Plugs Market, By Geography
10 Key Developments
11 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/2qr9lb/global_spark?w=4