An automotive spark plug is an essential component that delivers electric current from the ignition system to the combustion chamber. It ignites the air-fuel mixture when pressure is optimal. There are four main types: copper plugs are inexpensive but degrade quickly, while platinum and iridium plugs are more expensive but last longer. Stringent emissions standards and demand for fuel efficiency are driving growth in the automotive spark plug market.
1. Automotive Spark Plug Market Forecast By 2025
Automotive Spark Plug Market is an essential component of a vehicle meant for delivering
electric current from the ignition system to the combustion chamber in the engine. Spark plug
ignites the mixture of air and fuel inside the combustion chamber with an electric spark when the
pressure within the chamber is at an optimal level. A spark plug has a porcelain insulator, which
separates it from a central electrode. In addition, it has a metal threaded shell. There are four
different types of spark plug such as copper spark plug, platinum spark plug, double platinum
spark plug and iridium spark plug.
Copper spark plugs are standard spark plugs, which are low in cost having the least longevity
compared to other spark plugs because of copper’s characteristic of getting eroded away fast.
However, copper is a good conductor of electricity and therefore, copper spark plugs run much
cooler compared to other spark plugs and deliver better performance, without reaching
overheated temperatures. Platinum spark plugs are completely opposite to copper plugs. They are
less conductive to electricity, expensive and get overheated easily under normal driving
conditions. However, platinum spark plugs are very long lasting as compared their copper
counter-parts, which is why they are preferred by some of the automobile manufacturers. Double
platinum spark plugs exhibit more or less the same properties of platinum spark plugs but it
ensures a slightly higher performance compared to platinum spark plugs. The tip and the ground
electrodes of double platinum spark plugs are made up of platinum for which it is able to provide
superior performance compared to platinum spark plugs. However, it is more expensive
compared to the platinum spark plugs. Iridium tipped spark plugs ensures better power and
combustion, which leads to the superior performance of engine. In addition, it has a longer life
span than copper spark plugs and can even match the longevity of some platinum spark plugs.
Iridium spark plugs are the highest in cost among all the different types of Automotive Spark
Plug Market.
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The automotive spark plug market can be classified by type, by application and by geography.
The type segment can be classified into copper spark plug, platinum spark plug, double platinum
spark plug and iridium spark plug. By application, the market can be segregated as passenger
vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market
can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin
America.
Stringent emission norms and demand for fuel efficient vehicles are the key factors influencing
growth of automotive spark plug market. In addition, economic reforms in developing countries,
growth in the global automotive sector and rising private equity investments in automotive spark
plug manufacturing companies across the world is set to influence the growth of this market
positively. Moreover, increasing production of vehicles is also set to bolster the growth of this
2. market globally. In terms of market revenue share, Asia Pacific is expected to hold the largest
share by the end of forecast period followed by Europe, North America, Latin America and,
Middle East and Africa.
The report also provides company market share analysis of the various industry participants.
Acquisition is the main strategy being widely followed by leading market players. In case of an
acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are
expected to emerge more profitable and stronger than before. Key players in the global
automotive spark plug market have been profiled and their company overview, financial
overview, business strategies and recent developments have been covered in the report. Major
market participants profiled in this report include: NGK Spark Plug Co., Ltd. (Japan), Denso
Corporation (Japan), BorgWarner Inc. (U.S.), and Robert Bosch GmbH (Germany) among
others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative
insights, historical data, and verifiable projections about market size. The projections featured in
the report have been derived using proven research methodologies and assumptions.
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