[137 Pages Report] The global glow plugs and spark plugs market in terms of value is projected to grow at a CAGR of 7.85% and 5.26% respectively over the period from 2014 to 2019. One of the major key factors driving the growth of this market is the increasing demand for vehicles across the globe. The rise in stringency of the government norms and regulations pertaining to the emissions and fuel efficiency is also a key contributor to the growth of spark & glow plugs. However, the increasing adoption of engine downsizing and transition towards electric vehicles are estimated to hinder the automotive spark and glow plugs market at a global level. Additionally, maintaining balance between low cost, high performance and durability of the spark and glow plugs is one of the common challenges for the market players to cope up with. As of 2014, global demand for hot spark plugs and metal glow plug is high owing to its large applicability in passenger cars. The hot spark plugs contribute around 57% of the global spark plugs market in terms of value, whereas metal glow plug contributes 55% of the global glow plug market in terms of value in 2014.

Asia-Oceania being the largest vehicle producer is estimated to be the largest market for automotive spark & glow plug. China and India are the main contributors to the growth of automotive spark & glow plug market in Asia-Oceania region. To cater this huge demand of the Asia-Oceania region many OEMs are expanding in to this region.

As of 2013, NGK Spark Co. Ltd (Japan) held the leading position in the global spark and glow plugs market. In the past three years, the company adopted various strategies such as geographic expansion, supply contracts, new product developments and launches in order to strengthen its business worldwide. Additionally, it is gaining traction in the automotive spark and glow plugs market by introducing new products incorporated with the latest technology for its local as well as international customers. The other key players involved in the market are BorgWarner Inc. (U.S.), Robert Bosch GmbH (Germany), Denso Corporation (Japan), and Federal-Mogul Corporation (U.S.) among others.

Scope of the Report

This research report categorizes the global automotive spark and glow plugs market into the following segments and sub-segments:

Global Automotive Spark and Glow Plugs Market, by Vehicle Type

Spark Plugs Hot Spark Plugs Cold Spark Plugs

Glow Plug Metal Glow Plug Ceramic Glow Plug



Global Automotive Spark and Glow Plugs Market, by Engine Cylinder Layout Type

L3

L4

L5

L6

V6

H6

V8

V10

V12

Global Automotive Spark and Glow Plugs Market, by Market Type

OE

Aftermarket

Global Automotive Spark and Glow Plugs Market, by Vehicle Type

Passenger Car

Light Commercial Vehicles (LCV)

Heavy Commercial Vehicles (HCV)

Global Automotive Spark and Glow Plugs Market, by Geography

Asia-Oceania China Japan South Korea India Rest of Asia-Oceania

Europe Germany U.K. France Spain Rest of Europe

North America U.S. Canada Mexico

Rest of the World (RoW) Brazil Russia Rest of RoW



Additional Customizations Available:

Spark plugs market, by material type Standard Spark Plugs Iridium Spark Plugs Platinum Spark Plugs

Market for glow plug market, by construction type Pencil Glow Plug Coil Glow Plug

Additional Company profiles

Who Supplies Whom

In terms of value, the automotive spark plugs market is anticipated to grow at a CAGR of 5.26% whereas the glow plugs market is estimated to grow at a CAGR of 7.85% from the period of 2014 to 2019.

A spark plugs (in case of gasoline engines) or a glow plug (for diesel engines) a vital component that is essential for the functioning of a vehicle engine. These plugs play a key role in every vehicle that has an internal combustion engine. This validates the fact that the demand for spark and glow plugs is directly linked to the number of vehicles produced per year. Spark and glow plugs characteristically have a limited lifespan, owing to which they are in demand not only in the OE market, but in the aftermarket as well.

The global market value for spark plugs and glow plugs is projected to reach $ 2,804.83 Million and $1079.47 Million respectively by 2019. 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 46% in 2014. China is the major contributor to the growth of spark plugs in the Asia-Oceania region. The global demand for spark and glow plugs is propelled by the increasing number of vehicles across the globe, and the upcoming stringent fuel efficiency and emission norms. North America holds the second position in the market for spark plugs as this region has the majority of gasoline vehicles. The major contributor to the market in the North American region is the U.S., which has the largest production of gasoline LCVs. This justifies the huge demand for cold spark plugs that are used in high-performance engines. Europe is estimated to be the largest market for glow plugs, followed by Asia-Oceania. This is because the region has the second largest number of diesel vehicles in the world.

In terms of the spark and glow plugs market by vehicle types, the passenger cars segment accounts for the maximum share, followed by light commercial vehicles and heavy commercial vehicles. In the passenger car segment, hot spark plugs are estimated to lead the market in coming years, as the demand for small and medium powered passenger cars is increasing.