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Spark Plug Market By Product Type (Hot Spark Plug, Cold Spark Plug), By Electrode Material Type (Copper, Iridium, Platinum), By Application (Automobile, Marine, Industrial, Others) – Growth, Future Prospects, And Competitive Landscape, 2019 – 2027

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Increasing automotive production and growing Demand for passenger cars across the globe to drive the spark plug market.

The global spark plugs market is poised to reach US$ 10.98 Bn by 2027, expanding at a CAGR of 5.7% during the forecast period from 2019 to 2027. Rising sales and production of automotive vehicles, the introduction and development of advanced spark plugs, and the growing trend of environment-friendly spark plugs are expected to boost the Demand for spark plugs. In addition, stringent government regulations towards spark plugs manufacturer to produce efficient and advanced spark plugs, owing to reducing harmful pollutants, is expected to drive the market over the forecast period. However, technical advancements to downsize automotive engines, penetration of electric vehicles, and the presence of local vendors are projected to hinder the growth of the spark plugs market.

Market Synopsis

Increasing Demand from the Automobile segment to Drive Growth Prospects

An automotive spark plug plays a vital role in delivering electric current from the ignition system to the combustion chamber in the engine. Government norms and policies towards emissions, an increase in Demand for fuel-efficient vehicles, and economic reforms from developing countries are expected to drive the Demand for spark plugs. In addition, growth equity investments by spark plug manufacturing companies in the automotive sector are a positive factor for spark plug growth.

In 2018, according to the International Organization of Motor Vehicle Manufacturers (OICA), around 95 million vehicles were sold globally, which is expected to create a huge demand for the spark plugs market over the forecast period. The global automotive industry continues to grow on account of advanced spark plugs such as environment-friendly spark plugs, an increase in urbanization, and growing Demand for passenger vehicles.

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The Asia Pacific to Dominate, North America to Witness Strong Growth

The Asia Pacific is expected to dominate the spark plug market due to an increase in automobiles in emerging economies like India, China, Thailand, and Singapore. Moreover, due to the presence of leading manufacturers like TVS Motors, Hero MotoCorp, Ford, BMW, and Maruti Suzuki, North India is projected to generate Demand for spark plugs in the coming years.

The North American spark plug market is driven majorly by the U.S., which is projected to have the largest market share across the region. As per American Automotive Policy Council, the automotive sector holds the largest market in the U.S., which is projected to fuel the spark plug market. In 2018, as per the International Organization of Motor Vehicle Manufacturers (OICS), the U.S. and Mexico held a higher production capacity for the automobile segment, which is expected to drive the Demand for spark plugs across the region.

Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study include Ngk Spark Plug Co., Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch GMBH, Autolite, Enerpulse Technologie, Stitt Spark Plug, Acdelco, E3 Sparkplugs, and Zhuzhou Torch Spark Plug.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The research study on the spark plugs market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global spark plugs market based on its product type, electrode material type, application, and geography. Key segments covered in the report are as follows:

1. Preface
1.1. Report Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global SP Market Snapshot
2.1.1. Global SP Market by Product Type, 2018 (US$ Bn)
2.1.2. Global SP Market by Electrode Material Type, 2018 (US$ Bn)
2.1.3. Global SP Market by Application, 2018 (US$ Bn)
2.1.4. Global SP Market by Geography, 2018(US$ Bn)

3. Global Spark Plug (SP) Market Dynamics
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading SP Manufacturers, 2018
3.5.2. Strategies Adopted by Leading SP Manufacturers

4. Global Spark Plug (SP) Market Size (US$ Bn), By Product Type, 2017 – 2027
4.1. Overview
4.1.1. SP Market Analysis by Product Type, 2018 & 2027
4.1.1.1. Hot SP
4.1.1.2. Cold SP

5. Global Spark Plug (SP) Market Size (US$ Bn), By Electrode Material Type, 2017 – 2027
5.1. Overview
5.1.1. SP Market Analysis by Electrode Material Type, 2018 & 2027
5.1.1.1. Copper
5.1.1.2. Iridium
5.1.1.3. Platinum

6. Global Spark Plug (SP) Market Size (US$ Bn), By Application, 2017 – 2027
6.1. Overview
6.1.1. SP Market Analysis by Application, 2018 & 2027
6.1.1.1. Automobile
6.1.1.2. Marine
6.1.1.3. Industrial
6.1.1.4. Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws)

7. Global Spark Plug (SP) Market Size (US$ Bn), By Geography, 2017 – 2027
7.1. North America
7.2. Europe
7.3. Asia Pacific
7.4. Rest of World

8. North America Spark Plug (SP) Market Analysis, 2017 – 2027
8.1. Overview
8.2. North America SP Market Analysis by Product Type, 2018 & 2027
8.2.1. Hot SP
8.2.2. Cold SP
8.3. North America SP Market Size (US$ Bn), By Electrode Material, 2017 – 2027
8.3.1. Copper
8.3.2. Iridium
8.3.3. Platinum
8.4. North America SP Market Size (US$ Bn), By Application, 2017 – 2027
8.4.1. Automobile
8.4.2. Marine
8.4.3. Industrial
8.4.4. Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws)
8.5. North America SP Market Size (US$ Bn), By Country, 2017 – 2027
8.5.1. U.S.
8.5.2. Rest of North America

9. Europe Spark Plug (SP) Market Analysis, 2017 – 2027
9.1. Overview
9.2. Europe SP Market Analysis by Product Type, 2018 & 2027
9.2.1. Hot SP
9.2.2. Cold SP
9.3. Europe SP Market Size (US$ Bn), By Electrode Material, 2017 – 2027
9.3.1. Copper
9.3.2. Iridium
9.3.3. Platinum
9.4. Europe SP Market Size (US$ Bn), By Application, 2017 – 2027
9.4.1. Automobile
9.4.2. Marine
9.4.3. Industrial
9.4.4. Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws)
9.5. Europe SP Market Size (US$ Bn), By Country, 2017 – 2027
9.5.1. U.K.
9.5.2. Germany
9.5.3. France
9.5.4. Rest of Europe

10. Asia Pacific Spark Plug (SP) Market Analysis , 2017 – 2027
10.1. Overview
10.2. Asia Pacific SP Market Analysis by Product Type, 2018 & 2027
10.2.1. Hot SP
10.2.2. Cold SP
10.3. Asia Pacific SP Market Size (US$ Bn), By Electrode Material, 2017 – 2027
10.3.1. Copper
10.3.2. Iridium
10.3.3. Platinum
10.4. Asia Pacific SP Market Size (US$ Bn), By Application, 2017 – 2027
10.4.1. Automobile
10.4.2. Marine
10.4.3. Industrial
10.4.4. Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws)
10.5. Asia Pacific SP Market Size (US$ Bn), By Country, 2017 – 2027
10.5.1. China
10.5.2. India
10.5.3. Japan
10.5.4. Rest of Asia Pacific

11. Rest of the World Spark Plug (SP) Market Analysis , 2017 – 2027
11.1. Overview
11.2. Rest of the World SP Market Analysis by Product Type, 2018 & 2027
11.2.1. Hot SP
11.2.2. Cold SP
11.3. Rest of the World SP Market Size (US$ Bn), By Electrode Material, 2017 – 2027
11.3.1. Copper
11.3.2. Iridium
11.3.3. Platinum
11.4. Rest of the World SP Market Size (US$ Bn), By Application, 2017 – 2027
11.4.1. Automobile
11.4.2. Marine
11.4.3. Industrial
11.4.4. Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws)
11.5. Rest of the World SP Market Size (US$ Bn), By Country, 2017 – 2027
11.5.1. Latin America
11.5.2. Middle East & Africa

12. Company Profiles
12.1. Competitive Dashboard
12.1.1. Ngk SP Co., Ltd.
12.1.2. Federal-Mogul Corporation
12.1.3. Denso Corporation
12.1.4. Robert Bosch GMBH
12.1.5. Autolite
12.1.6. Enerpulse Technologie
12.1.7. Stitt SP
12.1.8. Acdelco
12.1.9. E3 Sparkplugs
12.1.10. Zhuzhou Torch SP

List of Figures

FIG. 1 Global Spark Plug (SP): Market Segmentation
FIG. 2 Global SP Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global SP Market, By Product Type, 2018 (US$ Bn)
FIG. 5 Global SP Market, By Electrode Material Type, 2018 (US$ Bn)
FIG. 6 Global SP Market, By Application, 2018 (US$ Bn)
FIG. 7 Global Smoke Detector Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global SP Market Value and Growth, 2017 – 2027, (US$ Bn and % Y-o-Y)
FIG. 9 See-Saw Analysis : Global SP Market
FIG. 10 Market Positioning of Leading SP Manufacturers, 2018
FIG. 11 Global SP Market Value Contribution, By Product Type, 2018 & 2027 (Value %)
FIG. 12 Global Hot SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 13 Global Cold SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 14 Global SP Market Value Contribution, By Electrode Material Type, 2018 & 2027 (Value %)
FIG. 15 Global Copper based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 16 Global Iridium based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 17 Global Platinum based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 18 Global SP Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 19 Global Automobile based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 20 Global Marine based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 21 Global Industrial based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 22 Global Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws) based SP Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 23 North America SP Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 24 Europe SP Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 25 Asia Pacific SP Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 26 RoW SP Market Value and Growth, 2019 – 2027, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Spark Plug (SP) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global SP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 5 Global Smoke Detector Market, by Electrode Material Type, 2017–2027 (US$ Bn)
TABLE 6 Global Smoke Detector Market, by Application, 2017–2027 (US$ Bn)
TABLE 7 Global Smoke Detector Market, by Geography, 2017–2027 (US$ Bn)
TABLE 8 North America SP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 9 North America SP Market, by Electrode Material Type, 2017–2027 (US$ Bn)
TABLE 10 North America SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 11 North America SP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Europe SP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 13 Europe SP Market, by Electrode Material Type, 2017–2027 (US$ Bn)
TABLE 14 Europe SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 15 Europe SP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific SP Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific SP Market, by Electrode Material Type, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific SP Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 20 Rest of the World SP Market, by Product Type, 2017–2027 (US$ Bn
TABLE 21 Rest of the World SP Market, by Electrode Material Type, 2017–2027 (US$ Bn)
TABLE 22 Rest of the World SP Market, by Application, 2017–2027 (US$ Bn)
TABLE 23 Rest of the World SP Market, by Region, 2017–2027 (US$ Bn)
TABLE 24 Ngk SP Co., Ltd. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Federal-Mogul Corporation : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Denso Corporation : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Robert Bosch GMBH : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Autolite : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Enerpulse Technologie : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Stitt SP : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Acdelco : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 E3 Sparkplugs : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Zhuzhou Torch SP : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently asked questions :

What is the size of Spark Plug Market?

The market for Spark Plug Market is expected to reach US$ 10.98 Bn by 2027.

What is the Spark Plug Market CAGR?

The Spark Plug Market is expected to see significant CAGR growth over the coming years, at 5.7%.

What is the Forecast period considered for Spark Plug Market?

The report is forecasted from 2019-2027.

What is the base year considered for Spark Plug Market?

The base year of this report is 2018.

Who are the major players in this market?

Competitive Dashboard are some of the major players in the global market.

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