Frequently Asked Questions
The global automotive glow plugs market was valued at USD 2.8 Billion in 2022.
The automotive glow plugs market is expected to grow at a CAGR of 4.30% between 2023 and 2030, reaching USD 3.7 Billion in 2030.
The Passenger cars segment led the automotive glow plug market in 2022.
In 2022, the metal glow plug sector had the largest market demand.
During the projection period, the OEM segment is expected to increase at the fastest CAGR of 4.6%.
In 2022, Asia Pacific dominated the market with a 49% share.
The top players include DENSO Corporation, NGK Spark Plug Co. Ltd, Robert Bosch GmbH and BorgWarner Inc.. Other major players include General Motors Company, Marelli Holdings Co. Ltd., Valeo S.A and Weichai Power Co.Ltd.
High Commercial Vehicle Demand and Rising New and Used Vehicle Sales are the major market drivers.
Supply Chain Failure, Expensive Glow Plugs, and Growing Electrification Trend are the major market restraints.
DIY Parts Development, E-Commerce Platform Expansion, and Growing Interest in Last-Mile Delivery Services are the major opportunities in the automotive glow plugs industry.