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Spark Plug Market: Global Demand Analysis & Opportunity Outlook 2024

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    Report

  • 291 Pages
  • May 2018
  • Region: Global
  • Research Nester Pvt. Ltd
  • ID: 4594088
Description Jump to:
Global spark plug market reached USD 6,012.9 Million in 2016 and is expected to reach USD 9,267.2 Million by the end of 2024, expanding at a CAGR of 5.7% over the forecast period i.e. 2017-2024. Moreover, the growth of spark plug market is attributed to the increased production of passenger car vehicles in the world and rising utilization of natural gas equipment.

Asia Pacific is slated to account for a leading share of 62.8% in the terms of revenue by 2024 in the spark plug market. The growth in the region is anticipated to be fostered by the high production of automotive vehicles in the region. Besides, rising affluent middle class population coupled with increasing sale of passenger car is also expected to impel the growth of spark plug market in the Asia Pacific region. Likely, China, Japan and India are the prominent market in the region.

Europe market is expected to expand at a CAGR of 4.2% during the forecast period i.e. 2017-2024. Further, U.K. & Germany are the major contributor to the growth of spark plug market. In addition to this, U.K. spark plug market is expected to reach USD 213.2 Million by the end of 2024 from USD 139.0 Million in 2016. Further, U.K. is anticipated to flourish at a CAGR of 5.7% over the forecast period. U.K. spark plug market contributed around 12.7% market share of total Europe spark plug market in 2016. Further, U.K. is projected to capture 14.2% market share by 2024. U.K. spark plug market expected to achieve Y-o-Y growth rate of 6.4% in 2024 as compared to previous year.

North America is expected to showcase substantial growth over the forecast period i.e. 2017-2024 by registering a CAGR of 4.4% over the forecast period. Further, the market is expected to account for USD 1,306.7 Million by 2024 from USD 938.0 Million in 2016.

Global spark plug market is segmented on the basis of product type into cold spark plug and hot spark plug. Hot spark plug (69.1% share in 2016) occupies the largest market of spark plug across the globe. Further, global hot spark plug market is anticipated to reach USD 6,545.9 Million by the end of 2024 from USD 4,157.6 Million in 2016.

In addition to this, global spark plug market is segmented into electrode material, application and distribution channel. The electrode material segment is further segmented into copper, iridium, platinum and other material, out of which, iridium segment with 53.1% market share is anticipated to have largest share by the end of 2024.

Table of Contents

1. Research Methodology2. Executive Summary
3. Risk Analysis
3.1. Demand Risk
3.2. Supply Risk
4. Top Countries with Highest demand for Spark Plug - By Region
4.1. North America
4.2. Europe
4.3. Asia-Pacific
4.4. Middle East & Africa
5. Global Spark Plug Market Size (USD Million) and Forecast, 2016-20246. Value Chain Analysis7. Macro-economic Factors Impacting the Growth8. Regional Average Pricing Analysis, 2017
9. Market Dynamics & Its Impact Analysis
9.1. Growth Drivers
9.2. Challenges
9.3. Trends
9.4. Opportunities
10. Global Market Segmentation Analysis
10.1. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.1.1. Hot Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.1.2. Cold Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.1.3. Market Attractiveness By Product Type
10.1.4. BPS Analysis By Product Type
10.2. By Electrode Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.2.1. Copper Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.2.2. Iridium Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.2.3. Platinum Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.2.4. Other Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.2.5. Market Attractiveness By Electrode Material
10.2.6. BPS Analysis By Electrode Material
10.3. By Application Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.3.1. Automotive Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.3.2. Marine Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.3.3. Industrial Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.3.4. Others Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.3.5. Market Attractiveness By Application
10.3.6. BPS Analysis By Application
10.4. By Distribution Channel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.4.1. OEM Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.4.2. Aftermarket Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.4.3. Market Attractiveness By Distribution Channel
10.4.4. BPS Analysis By Distribution Channel
10.5. By Region Market Size (USD Million), Y-O-Y Growth & Share Analysis (%), 2016-2024
10.5.1. North America Market Size (USD Million), Y-O-Y Growth & Share Analysis (%), 2016-2024
10.5.1.1. By Country
10.5.1.1.1. U.S. Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.1.2. Canada Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.1.3. Market Attractiveness By Country
10.5.1.1.4. BPS Analysis By Country
10.5.1.2. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.2.1. Hot Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.2.2. Cold Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.2.3. Market Attractiveness By Product Type
10.5.1.2.4. BPS Analysis By Product Type
10.5.1.3. By Electrode Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.3.1. Copper Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.3.2. Iridium Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.3.3. Platinum Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.3.4. Other Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.3.5. Market Attractiveness By Electrode Material
10.5.1.3.6. BPS Analysis By Electrode Material
10.5.1.4. By Application Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.4.1. Automotive Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.4.2. Marine Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.4.3. Industrial Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.4.4. Others Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.4.5. Market Attractiveness By Application
10.5.1.4.6. BPS Analysis By Application
10.5.1.5. By Distribution Channel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.5.1. OEM Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.5.2. Aftermarket Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.1.5.3. Market Attractiveness By Distribution Channel
10.5.1.5.4. BPS Analysis By Distribution Channel
10.5.2. Latin America Market Size (USD Million), Y-O-Y Growth & Share Analysis (%), 2016-2024
10.5.2.1. By Country
10.5.2.1.1. Mexico Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.1.2. Brazil Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.1.3. Rest of Latin America Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.1.4. Market Attractiveness By Country
10.5.2.1.5. BPS Analysis By Country
10.5.2.2. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.2.1. Hot Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.2.2. Cold Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.2.3. Market Attractiveness By Product Type
10.5.2.2.4. BPS Analysis By Product Type
10.5.2.3. By Electrode Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.3.1. Copper Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.3.2. Iridium Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.3.3. Platinum Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.3.4. Other Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.3.5. Market Attractiveness By Electrode Material
10.5.2.3.6. BPS Analysis By Electrode Material
10.5.2.4. By Application Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.4.1. Automotive Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.4.2. Marine Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.4.3. Industrial Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.4.4. Others Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.4.5. Market Attractiveness By Application
10.5.2.4.6. BPS Analysis By Application
10.5.2.5. By Distribution Channel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.5.1. OEM Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.5.2. Aftermarket Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.2.5.3. Market Attractiveness By Distribution Channel
10.5.2.5.4. BPS Analysis By Distribution Channel
10.5.3. Europe Market Size (USD Million) & Y-O-Y Growth & Share Analysis, 2016-2024
10.5.3.1. By Country
10.5.3.1.1. U.K. Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.2. Germany Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.3. France Market Size (USD Million) & Y-O-Y Growth Analysis, 2016-2024
10.5.3.1.4. Italy Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.5. Spain Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.6. Russia Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.7. Poland Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.8. BENELUX Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.9. Turkey Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.10. Rest of Europe Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.1.11. Market Attractiveness By Country
10.5.3.1.12. BPS Analysis By Country
10.5.3.2. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.2.1. Hot Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.2.2. Cold Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.2.3. Market Attractiveness By Product Type
10.5.3.2.4. BPS Analysis By Product Type
10.5.3.3. By Electrode Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.3.1. Copper Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.3.2. Iridium Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.3.3. Platinum Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.3.4. Other Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.3.5. Market Attractiveness By Electrode Material
10.5.3.3.6. BPS Analysis By Electrode Material
10.5.3.4. By Application Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.4.1. Automotive Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.4.2. Marine Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.4.3. Industrial Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.4.4. Others Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.4.5. Market Attractiveness By Application
10.5.3.4.6. BPS Analysis By Application
10.5.3.5. By Distribution Channel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.5.1. OEM Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.5.2. Aftermarket Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.3.5.3. Market Attractiveness By Distribution Channel
10.5.3.5.4. BPS Analysis By Distribution Channel
10.5.4. Asia Pacific Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1. By Country
10.5.4.1.1. India Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.2. China Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.3. Japan Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.4. Australia Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.5. New Zealand Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.6. Malaysia Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.7. Singapore Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.8. South Korea Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.9. Rest of Asia Pacific Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2024
10.5.4.1.10. Market Attractiveness By Country
10.5.4.1.11. BPS Analysis By Country
10.5.4.2. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.2.1. Hot Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.2.2. Cold Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.2.3. Market Attractiveness By Product Type
10.5.4.2.4. BPS Analysis By Product Type
10.5.4.3. By Electrode Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.3.1. Copper Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.3.2. Iridium Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.3.3. Platinum Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.3.4. Other Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.3.5. Market Attractiveness By Electrode Material
10.5.4.3.6. BPS Analysis By Electrode Material
10.5.4.4. By Application Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.4.1. Automotive Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.4.2. Marine Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.4.3. Industrial Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.4.4. Others Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.4.5. Market Attractiveness By Application
10.5.4.4.6. BPS Analysis By Application
10.5.4.5. By Distribution Channel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.5.1. OEM Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.5.2. Aftermarket Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.4.5.3. Market Attractiveness By Distribution Channel
10.5.4.5.4. BPS Analysis By Distribution Channel
10.5.5. Middle East & Africa Market Size (USD Million) & Y-O-Y Growth & Share Analysis, 2016-2024
10.5.5.1. By Country
10.5.5.1.1. GCC Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.1.2. Israel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.1.3. North Africa Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.1.4. South Africa Market Size (USD Million) & Y-O-Y Growth Analysis, 2016-2024
10.5.5.1.5. Rest of Middle East and Africa Market Size (USD Million) & Y-O-Y Growth Analysis, 2016-2024
10.5.5.1.6. Market Attractiveness By Country
10.5.5.1.7. BPS Analysis By Country
10.5.5.2. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.2.1. Hot Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.2.2. Cold Spark Plug Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.2.3. Market Attractiveness By Product Type
10.5.5.2.4. BPS Analysis By Product Type
10.5.5.3. By Electrode Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.3.1. Copper Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.3.2. Iridium Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.3.3. Platinum Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.3.4. Other Material Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.3.5. Market Attractiveness By Electrode Material
10.5.5.3.6. BPS Analysis By Electrode Material
10.5.5.4. By Application Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.4.1. Automotive Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.4.2. Marine Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.4.3. Industrial Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.4.4. Others Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.4.5. Market Attractiveness By Application
10.5.5.4.6. BPS Analysis By Application
10.5.5.5. By Distribution Channel Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.5.1. OEM Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.5.2. Aftermarket Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2024
10.5.5.5.3. Market Attractiveness By Distribution Channel
10.5.5.5.4. BPS Analysis By Distribution Channel
11. Porter’s Five Force Model Analysis
12. Competitive Landscape
12.1. Company Profiles
12.1.1. Federal-Mogul Corporation
12.1.1.1. Company Overview
12.1.1.2. Financial Performance
12.1.1.3. Key Device Offerings
12.1.1.4. Business Strategy
12.1.2. Denso Corporation
12.1.3. Robert Bosch Gmbh
12.1.4. Delphi Automotive
12.1.5. NGK Spark Plug Co. Ltd
12.1.6. Valeo
12.1.7. Acdelco Corporation
12.1.8. Weichai Power Co. Ltd.
12.1.9. Megenti Marelli S.p.A.
12.1.10. MSD Performance

Companies Mentioned

  • Federal Mogul
  • Denso Corporation
  • Robert Bosch
  • ACDelco
  • Weichai Power
  • Megenti Marelli
  • NGK Spark Plug
  • Valeo
  • MSD Performance
  • HELLA GmbH

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