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Press Release:

Global Spark Plug Market to Grow at 4.80% During 2021-2026, Impelled by Significant Growth in Automotive Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Spark Plug Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global spark plug market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A spark plug is an electrical device used for producing a spark to ignite the compressed fuel-air mixture in the cylinder bore of the engine. Some commonly available variants include hot and cold spark plugs with copper, platinum, double platinum and iridium electrodes. They consist of a metal-threaded shell, resistance, ribs, hex and insulators. The shell is electrically isolated from the central electrode by a porcelain insulator, which is further connected to the output terminal of an ignition coil or magneto by a heavily insulated wire. As the high-tension current flows through the center electrodes, it ionizes the gas present between the electrode gap and generates a spark.

Spark Plug Market Trends:

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of spark plugs for marine, electrical and aerospace applications is providing a thrust to the market growth. Spark plugs are extensively used in petrol-based passenger vehicles, along with gasoline and natural gas powered-generators, recreational boats and jet skis. Platinum and iridium-based cold spark plugs are also widely used in high-performance engines to produce minimal carbon emissions. Additionally, various technological advancements, such as the development of product variants with plasma core and Advanced Corona Ignition System (ACIS), are acting as other growth-inducing factors. These innovative technologies aid in reducing the vibrations, noises and smoke emissions in diesel engines to ensure improved drivability in harsh weather conditions. Other factors, including the implementation of favorable government policies promoting the use of energy-efficient systems, along with the increasing adoption of miniaturized engines, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global spark plug market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on material, product type, application and distribution channel.

Breakup by Material:

  • Copper
  • Iridium
  • Platinum
  • Others
     

Breakup by Product Type:

  • Hot Spark Plug
  • Cold Spark Plug
     

Breakup by Application:

  • Automotive
  • Marine
  • Aerospace
  • Others
     

Breakup by Distribution Channel:

  • OEM
  • Aftermarket
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Autolite, BorgWarner Inc., DENSO Corporation, E3 Spark Plugs, General Motors, NGK Spark Plug Co. Ltd. , Robert Bosch GmbH, Stitt Spark Plug Co., Tenneco Inc. and VALEO.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Material, Product Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Autolite, BorgWarner Inc., DENSO Corporation, E3 Spark Plugs, General Motors, NGK Spark Plug Co. Ltd., Robert Bosch GmbH, Stitt Spark Plug Co., Tenneco Inc. and VALEO
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global spark plug market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global spark plug market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global spark plug market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Spark Plug Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Material
    6.1    Copper
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Iridium
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Platinum
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Hot Spark Plug
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cold Spark Plug
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Automotive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Marine
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Aerospace
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    OEM
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Aftermarket
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Autolite
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    BorgWarner Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    DENSO Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    E3 Spark Plugs
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    General Motors
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    NGK Spark Plug Co. Ltd. 
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Robert Bosch GmbH
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 SWOT Analysis
        15.3.8    Stitt Spark Plug Co.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Tenneco Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    VALEO
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Spark Plug Market: Major Drivers and Challenges
Figure 2: Global: Spark Plug Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Spark Plug Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Spark Plug Market: Breakup by Material (in %), 2020
Figure 5: Global: Spark Plug Market: Breakup by Product Type (in %), 2020
Figure 6: Global: Spark Plug Market: Breakup by Application (in %), 2020
Figure 7: Global: Spark Plug Market: Breakup by Distribution Channel (in %), 2020
Figure 8: Global: Spark Plug Market: Breakup by Region (in %), 2020
Figure 9: Global: Spark Plug (Copper) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Spark Plug (Copper) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Spark Plug (Iridium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Spark Plug (Iridium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Spark Plug (Platinum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Spark Plug (Platinum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Spark Plug (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Spark Plug (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Spark Plug (Hot Spark Plug) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Spark Plug (Hot Spark Plug) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Spark Plug (Cold Spark Plug) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Spark Plug (Cold Spark Plug) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Spark Plug (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Spark Plug (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Spark Plug (Marine) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Spark Plug (Marine) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Spark Plug (Aerospace) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Spark Plug (Aerospace) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Spark Plug (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Spark Plug (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Spark Plug (OEM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Spark Plug (OEM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Spark Plug (Aftermarket) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Spark Plug (Aftermarket) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia-Pacific: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia-Pacific: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: China: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Spark Plug Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Spark Plug Market: Breakup by Country (in %), 2020
Figure 81: Middle East and Africa: Spark Plug Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Global: Spark Plug Industry: SWOT Analysis
Figure 83: Global: Spark Plug Industry: Value Chain Analysis
Figure 84: Global: Spark Plug Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Spark Plug Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Spark Plug Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 3: Global: Spark Plug Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Global: Spark Plug Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Spark Plug Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 6: Global: Spark Plug Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Spark Plug Market: Competitive Structure
Table 8: Global: Spark Plug Market: Key Players


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