Automotive Spark Plugs Market Worth $2,765.12 Million and Automotive Glow Plugs Market Valued at $1,092.69 Million by 2019
(PRWEB) January 16, 2015 -- The report classifies and defines the automotive spark and glow plugs market in terms of value and volume. The report highlights potential growth opportunities for the automotive spark and glow plugs market in the forthcoming years, and also includes a review of market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects related to the automotive spark and glow plugs market.
Browse 82 market data tables and 38 figures spread through 220 pages and in-depth TOC on Automotive Spark & Glow Plugs - Industry Trends & Forecast to 2019
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Asia-Oceania: Largest Market for Spark Plugs
The key countries in the Asia-Oceania region include China, Japan, India, and South Korea. This region is estimated to be the largest market for spark plugs as it accounts for the largest share of passenger cars that run on gasoline. According to the study, Asia-Oceania is estimated to hold the largest share approximately 52.88% of the spark plug market in 2019. China is likely to be the major revenue contributor in this region. Key players such as Denso Corporation (Japan), NGK Spark Plug Co., Ltd. (Japan), and Robert Bosch GmbH (Germany), have a strong presence in this region.
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Europe: Largest Market for Glow Plugs
The European region includes Germany, France, U.K., and Spain. Diesel vehicles are prevalent in this region, resulting in the maximum demand for glow plugs. Vehicle manufacturers, including Volkswagen AG (Germany), Daimler AG (Germany AG), and Renault S.A. (France), include diesel vehicles in their vehicle fleet specifically for the European region. To cater to this demand for glow plugs, Tier 1 glow plug suppliers such as Robert Bosch GmbH (Germany), Denso Corporation (Japan), NGK Spark Plug Co., Ltd. (Japan), BorgWarner Inc. (U.S.), and Federal Mogul Corp, (U.S.) have established a presence in this region.
This report illustrates the market for spark and glow plugs in terms of both volume and value. The market size in terms of value from 2012 to 2019 is provided in terms of USD million ($Million), whereas the market size in terms of volume from 2012 to 2019 is provided in terms of thousand units (‘000 Units). With focus on the key countries, the report is broadly classified into geography (Asia-Oceania, Europe, North America and ROW), by type of spark plugs (hot and cold spark plugs), type of glow plugs (metal and ceramic glow plugs), and vehicle type (passenger car, LCVs, HCVs). The types of spark and glow plugs are further segmented on the basis of engine cylinder.
The report provides a comprehensive review of market drivers, restraints, opportunities, challenges, and other related aspects in the automotive spark and glow plugs market. It also classifies and defines the automotive spark and glow plugs market in terms of value, providing qualitative as well as quantitative insights into spark and glow plugs. The key players in the market identified and profiled in this report are Denso Corporation (Japan), NGK Spark Plug Co., Ltd. (Japan), BorgWarner Inc. (U.S.), and Robert Bosch GmbH (Germany), among others.
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