Spark Plugs Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Spark and Glow Plugs Type (Spark Plugs, Glow Plugs, Aftermarket); Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) and Geography
Report Code: TIPRE00008440
| No. of Pages: 150
| Category: Automotive and Transportation
| Status: Upcoming
The fluctuating demand for diesel and gasoline engines in the passenger car segment is driving the need for spark plugs. Similarly, the boosting number of small & recreational boats, petrol-based generators, and jet skis are anticipated to drive the market. Thus, these factors are contributing towards the growth in the demand for spark plugs market in the forecast period.
The "Global Spark Plugs Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of spark plugs market with detailed market segmentation by spark and glow plugs type, and vehicle type, and geography. The global spark plugs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spark plugs market players and offers key trends and opportunities in the market.
The global spark plugs market is segmented on the spark and glow plugs type, and vehicle type.
Based on spark and glow plugs type, the market is segmented into spark plugs, glow plugs, and aftermarket.
On the basis of vehicle type the market is segmented into Fuel Injection (FI) System, Carburetors.
MARKET DYNAMICS Drivers:
The growing government rules and regulations pertaining to enhance the efficiency and emissions
Rising demand for vehicles.
High capital investment and operating cost.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Spark plugs market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Spark plugs market in these regions.
IMPACT OF COVID-19 ON SPARK PLUGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the Spark plugs market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Spark plugs market market are anticipated to lucrative growth opportunities in the future with the rising demand for Spark plugs market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Spark plugs market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
General Motors (Acdelco Corporation)
NGK Spark Plug Co. Ltd
Robert Bosch Gmbh
UCI-Fram Autobrands (Autolite)
Weichai Power Co. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.