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Spark Plug Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

November 2022 | 145 pages | ID: S8293B8D497EEN
IMARC Group

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The global spark plug market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.93% during 2022-2027.

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 report, along with forecasts at the global, regional and country level from 2022-2027. 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.

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 TABLES

Table 1: Global: Spark Plug Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Spark Plug Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Spark Plug Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 4: Global: Spark Plug Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Spark Plug Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Spark Plug Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Spark Plug Market: Competitive Structure
Table 8: Global: Spark Plug Market: Key Players

LIST OF FIGURES

Figure 1: Global: Spark Plug Market: Major Drivers and Challenges
Figure 2: Global: Spark Plug Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Spark Plug Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Spark Plug Market: Breakup by Material (in %), 2021
Figure 5: Global: Spark Plug Market: Breakup by Product Type (in %), 2021
Figure 6: Global: Spark Plug Market: Breakup by Application (in %), 2021
Figure 7: Global: Spark Plug Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Spark Plug Market: Breakup by Region (in %), 2021
Figure 9: Global: Spark Plug (Copper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Spark Plug (Copper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Spark Plug (Iridium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Spark Plug (Iridium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Spark Plug (Platinum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Spark Plug (Platinum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Spark Plug (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Spark Plug (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Spark Plug (Hot Spark Plug) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Spark Plug (Hot Spark Plug) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Spark Plug (Cold Spark Plug) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Spark Plug (Cold Spark Plug) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Spark Plug (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Spark Plug (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Spark Plug (Marine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Spark Plug (Marine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Spark Plug (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Spark Plug (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Spark Plug (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Spark Plug (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Spark Plug (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Spark Plug (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Spark Plug (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Spark Plug (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Spark Plug Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Spark Plug Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: Spark Plug Market Forecast: Sales Value (in Million US$), 2022-2027
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


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