Segmental Overview

The global market of Spark Plug Market Size has been studied based on material type, product type, sales channel, and vehicle type.

By product type, the Spark Plug Market Size has been segmented into hot spark plug and cold spark plug. Hot spark plugs has high effectiveness in providing better insulation. This is boosting the sales of spark plugs. This is likely to gain traction for the growth of the market in the coming years.

By sales channel, the Spark Plug Market Size has been segmented into aftermarket and original equipment market. The original equipment segment is expected to dictate the growth of the market.

By vehicle type, the Spark Plug Market Size has been segmented into commercial vehicle and passenger vehicle. The growing need for seamless public conveyance is expected to increase the adoption of better quality spark plug. This is expected to boost the market growth.

Regional Outlook

By region, the Spark Plug Market Size has been studied in Asia-Pacific, (APAC), North America, Europe, and RoW (the Rest of the World).

The market in the Asia-Pacific region is likely to hold the highest share of the global market. The fast-paced expansion of the automobile industry in economies such as China, India, and Japan is expected to contribute to the growth of the regional market. Moreover, rapid industrialization is likely to play a significant role in the APAC Spark Plug Market Size expansion.

The North America market is expected to register high rate of growth in the review period. Increase in the manufacturing of commercial vehicles (LCVs) is rising the demand for spark plugs. This is expected to push the market growth. In Europe, the fast growing automotive industry and stringent rules on carbon emissions are factors that are likely to fuel the regional market growth.

Key Players

Federal-Mogul Corporation (US), NGK Spark Plug Co. Ltd (Japan), Denso Corporation (Japan), Borgwarner Inc. (US), General Motors (US), Robert Bosch Gmbh (Germany), Valeo (France), Delphi Automotive (Ireland), FRAM GROUP IP LLC. (US), and Weichai Power Co. Ltd (China) are some of the dynamic contenders that are functional in the Spark Plug Market Size. Intense competition among key players is likely to generate high revenue for the market.