This site uses cookies, including third-party cookies, that help us to provide and improve our services. Privacy Policy

Professionals 225 Users Online

Automotive Spark and Glow Plugs Market

Global Market Study on Automotive Spark and Glow Plugs: Rising Electric Vehicle Sales to Complement Market Expansion

Global Automotive Spark and Glow Plugs by Type of Spark & Glow (Hot Spark Plugs, Cold Spark Plugs, Metal Glow Plugs, Ceramic Glow Plugs)

Automotive Spark and Glow Plugs Snapshot

[238 Pages] According to Persistence Market Research, the Automotive Spark and Glow Plugs will generate US$ 6,840.1 million in revenue by 2023. The market growth for automotive spark and glow plugs is anticipated to accelerate with growing economies and development in emerging markets related to the automotive industry. Owing to rising shared mobility, services, vehicle unit sales, and changing consumer mobility preference is anticipated to drive the market for spark and glow plugs over the coming years. The global market for Automotive spark and glow plugs is expected to reach US$ 8,670.9 million by 2033, growing at a CAGR of 2.4% between 2023 and 2033.

The paradigm shift in the market toward electric vehicles and alternative energy vehicles is primarily responsible for the significant ups and downs, which the automobile industry has experienced over the past few years. As the world moves toward the trend of electric vehicles, there will likely be some significant changes in the need for IC engine components.

Global Automotive Spark and Glow Plugs Size (2022A)

US$ 6,679.8 Mn

Global Automotive Spark and Glow Plugs Size (2023E)

US$ 6,840.1 Mn

Projected Automotive Spark and Glow Plugs Value (2033F)

US$ 8,670.9 Mn

Value CAGR (2023-2033)

2.4%

Collective Value Share: Top 3 Countries (2022)

29.5%

An automotive spark plug is a component that fits into each cylinder of an internal combustion engine that runs on gasoline and generates an electric spark to ignite the mixture of air and fuel. In order to ensure efficient combustion while the engine is cold, a heating element known as an automobile glow plug is installed in each cylinder of a diesel engine. According to PMR analysis, the steady growth in the automotive industry to spur the market growth for spark and glow plugs during the forecast period.

The automotive spark and glow plugs account for about 1-3% of its parent market during the estimated year 2022.

Sample Report

FREE Report Sample is Available

In-depth report coverage is now just a few seconds away

Download PDF Get FREE Report Sample

Analysis of Automotive Spark and Glow Plugs Outlook for 2021 to 2033

The automotive spark and glow plugs observed declining growth during the pandemic period owing to strict lockdowns creating supply chain disruptions in the market. Although, the demand for automotive spark and glow plugs is projected to grow a CAGR of 2.4% to reach a valuation of about US$ 8,670.9 Mn by the end of 2033. Due to the quick increase in use of lightweight vehicles, the demand for the market is projected to grow at a CAGR of about 2.6% during the first half of the forecast period and 2.2% during the second half of the forecast period.

Both new and aftermarket sales are expected to expand significantly as a result of the increasing demand for personal and independent mobility, which will also enhance the market's economics after the pandemic. Automotive spark and glow plug sales for new and aftermarket vehicles will undoubtedly increase due to the anticipated rise in demand for the transportation of heavy commodities.

The market for automotive spark and glow plugs is expected to grow as a result of a number of factors, including rising automobile production and demand for vehicle parts, upcoming stricter emission regulations, and rising consumer demand for vehicles with high fuel efficiency. Additionally, it is anticipated that in the near future, rising demand for high-performance cars and commercial vehicles in emerging nations will hasten market expansion for automotive glow and spark plugs worldwide. Between 2023 and 2033, the automotive spark and glow plug market is projected to grow at a CAGR of 2.4%. By 2033, the market is anticipated to have increased from US$ 6,840.1 Mn in 2023 to US$ 2,367.5 Mn.

Custom Report Cover

Make This Report Your Own

Take Advantage of Intelligence Tailored to your Business Objective

> Get a Customized Version

What factors are positively impacting the growth of Automotive Spark and Glow Plugs?

“Rising Stringent Norms across domestic nations to boost the spark and glow plugs market”

Low emissions from the engine are ensured by the spark plug's smooth ignition and efficient fuel combustion. Glow plugs function similarly to reduce exhaust gas pollutants and enhance diesel engine performance. In order to comply with strict emission standards around the world, automakers are anticipated to adopt more advanced automotive spark plugs and glow plugs in the near future.

Low emissions from the engine are ensured by the spark plug's smooth ignition and efficient fuel combustion. Glow plugs function similarly to reduce exhaust gas pollutants and enhance diesel engine performance. In order to comply with strict emission standards around the world, automakers are anticipated to adopt more advanced automotive spark plugs and glow plugs in the near future.

Market Research Methodology

Market Research Methodology

-Perfect through Years of Diligence

Check Research Methodology

What are the key trends in the Automotive Spark and glow plugs market?

“Rising replacement rate for aftermarket vehicles spurring the market growth”

Due to the harsh environment they must function in, spark plugs have a limited lifespan. These plugs typically need to be changed on a regular basis since worn-out plugs can result in high fuel consumption from incomplete fuel combustion, poor starting, and sluggish acceleration during high-speed driving. The absence determined the period of time for spark and glow plug replacement. Conventional spark plugs should be replaced, however, every 30,000 to 45,000 miles depending on the vehicle. Since these plugs' replacement intervals are getting shorter thanks to technological advancements, the aftermarket's need for spark and glow plugs is being constrained. Spark plug replacement rates in wealthy countries are higher than in developing countries. This is mostly because people in these areas are unaware of the numerous problems related to the use of spark plugs that are old and worn out.

Sales Team

Sales Team
Client Partner

Let's Connect

Connect me to identify winning opportunities

Ask An Expert
I'm Available

What are the restraints for the Automotive Spark and Glow Plugs growth?

“Rising popularity of EVs in the market to downsize the volume sales of spark and glow plugs”

Consumers, particularly in industrialized nations in Europe and North America, have been motivated by rising environmental awareness and fluctuating fuel prices to choose electric car types such as battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). The adoption of electric vehicles is being fueled by an increase in urban population, incentives for electric vehicles, falling battery prices, improved transportation infrastructure in emerging and developed nations, and intergovernmental activities for electric vehicles.

Country-wise Analysis

Where does the Europe market stand in the Global Market for Automotive spark and glow plugs?

“Rising demand for commercial vehicles to boost the market presence in Europe”

Increasing demand for light commercial vehicles and passenger vehicles across the European region is anticipated to surge the market demand for automotive components. The automotive spark and glow plugs market value is projected to grow and account for about 21.5% in the estimated year 2023.

Further boosting the market demand for automotive vehicles and propelling the rise of spark and glow plugs is the expansion of the transportation and logistics sectors to ensure faster freight delivery. Commercial cars have low transportation costs, which encourages their use in logistics operations and drives the market's expansion.

Which nation offers a lucrative market for automotive spark plugs and glow plugs?

“Changing consumer preference towards mobility solutions in India spurring the market growth”

Increased domestic travel and tourism, rising demand for shared mobility services, and increased government investment in road and infrastructure transportation are just a few of the significant factors that will favorably affect the automotive market and consequently spur demand for automotive parts like glow and spark plugs. Also, India's auto industry is changing as a result of shifting consumer preferences toward personal transportation. The country is anticipated to grow by 3.1% between 2023 and 2033.

Category-wise Insights

Which Type of Spark & Glow has the Most Growth Potential in the Automotive Spark and Glow Plugs?

“Hot spark plugs to account for 44.5% market share in the global region”

Owing to steady growth in gasoline-powered vehicles, and several functional benefits of hot spark plus, demand for hot spark plugs is anticipated to account for about 44.5% of the market share. A longer insulator on a "hot" spark plug stops heat from transferring into the water jackets. More heat is retained in the spark plug's tip, aiding in the combustion chamber deposits' removal. However, the engine will pre-ignite if there is too much heat retained. It can perform various maneuvres and provides a higher range of operations.

What type of vehicles boosting the demand for the Automotive spark and glow plugs market?

“Passenger Vehicles boosting the market growth for spark and glow plugs”

More individuals are accepting alternative and sustainable ways of transportation, which is changing consumer behavior and awareness. Intercity journeys in shared vehicles have significantly increased year over year. Consumers are also becoming increasingly receptive to shared mobility choices. Furthermore, it is anticipated that government incentives and restrictions will hasten the adoption of sustainable mobility solutions in a number of locations. The market for spark and glow plugs is anticipated to grow as a result of consumer preference for convenient commute options and cutting-edge safety features.

Competitive Landscape

To increase their product presence in the market, the major players in the automotive spark and glow plug industries are seeking agreements with other domestic producers. Suppliers and manufacturers are working together to lower production costs. To draw customers and keep ahead of the competition, market firms are incorporating innovative technology into these plugs. NGK Spark Plug Co., Magneti Marelli Aftermarket, N.A.,Robert Bosch GmbH, Borgwarner Inc., Denso Corporation, ACDelco Corporation, and Valeo SA are a few of the well-known companies in the international market and are the major manufacturers who are preparing to establish their own market positions and are keen to preserve their unique identities. Some of the key developments are:

  • The JSAE Automotive Engineering Exposition 2021 featured products from NGK Spark Plug Co., Ltd. (NGK Spark Plug) for next-generation automotive applications that use ceramic technology to increase fuel efficiency and lower emissions from internal combustion engines.
  • Bosch introduced their new EVO spark plugs in January 2021. EVO spark plugs will initially be made available for modern gasoline direct-injection engines found in Mercedes-Benz automobiles.

Automotive spark and glow plugs Industry Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • ‘000 Units for volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • By Type of Spark & Glow
  • By Vehicle Type
  • By Sales Channels
  • By Region

Key Companies Profiled

  • NGK Spark Plug Co. Ltd
  • Federal-Mogul Corporation
  • Denso Corporation
  • Robert Bosch GmbH
  • Borgwarner Inc.
  • Weichai Power Co., Ltd.
  • Valeo SA
  • ACDelco Corporation
  • Magneti Marelli Aftermarket N.A.
  • KLG Spark Plugs
  • Wellman glow plugs Co.
  • Autolite (Fram Group LLC)

Pricing

Available upon Request

Key Segments Covered in Automotive spark and glow plugs Industry Research

By Type of Spark & Glow

  • Hot Spark Plugs
  • Cold Spark Plugs
  • Metal Glow Plugs
  • Ceramic Glow Plugs

By Vehicle Type

  • Passenger Cars
  • LCVs
  • HCVs

By Sales Channels

  • OEM
  • Aftermarket

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • NGK Spark Plug Co. Ltd
  • Federal-Mogul Corporation
  • Denso Corporation
  • Robert Bosch GmbH
  • Borgwarner Inc.
  • Weichai Power Co., Ltd.
  • Valeo SA
  • ACDelco Corporation
  • Magneti Marelli Aftermarket N.A.
  • KLG Spark Plugs
  • Wellman glow plugs Co.
  • Autolite (Fram Group LLC)

- Frequently Asked Questions -

The Global Automotive Spark and Glow Plugs is estimated to be valued at over US$ 6,840.1 Mn as of 2023.

Automotive spark and glow plugs are projected to increase at 2.4% CAGR and is expected to be valued at around US$ 8,670.9 Mn by 2033 end.

NGK Spark Plug Co., Magneti Marelli Aftermarket N.A., Robert Bosch GmbH, Borgwarner Inc., Denso Corporation are some of the leading players in the overall market.

South Asia pacific region to be the lucrative market for Automotive spark and glow plugsover the forecast period 2023-2033.

Google translate