Global Spark Plug Market Report 2018: Demand Analysis & Opportunity Outlook 2017-2024

DUBLIN, July 26, 2018 /PRNewswire/ --

The "Spark Plug Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

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.

Key Topics Covered:

1. Research Methodology

2. 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, 2016-2024

6. Value Chain Analysis

7. Macro-economic Factors Impacting the Growth

8. 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

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

For more information about this report visit https://www.researchandmarkets.com/research/tvgp97/global_spark_plug?w=5


Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-spark-plug-market-report-2018-demand-analysis--opportunity-outlook-2017-2024-300687151.html

SOURCE Research and Markets