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Spark Plug and Glow Plug Market Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2026

A spark plug is an electronic device, which was integrated with cylinder head in the vehicle engine that produces electric spark to burn petrol. Similarly, a glow plug is an electrically heating device, which is integrated on the cylinder head of the diesel engine, which helps to start the diesel engine in a cold condition. Increasing vehicle sales is one of the major factors for growth of the spark plug and glow plug market.

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Spark Plug and Glow Plug Market Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2026

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  1. Spark Plug and Glow Plug Market Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2026 Spark Plug and Glow Plug Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. A spark plug is an electronic device, which was integrated with cylinder head in the vehicle engine that produces electric spark to burn petrol. Similarly, a glow plug is an electrically heating device, which is integrated on the cylinder head of the diesel engine, which helps to start the diesel engine in a cold condition. Increasing vehicle sales is one of the major factors for growth of the spark plug and glow plug market. According to International Organization of Motor Vehicle Manufacturers, in 2017, the sales of vehicles or registration of new vehicles was 96,804,390 units up from 93,905,634 units in 2016. According to Coherent Market Insights’ analysis, the sales or registration of new vehicles is expected to reach 141,303,730 units by 2025. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1474 Spark plug segment held the dominant position in 2017 The spark plug segment held the dominant position in the global market and is projected to retain its dominance throughout the forecast period. In 2017, the spark plug segment was valued at US$ 2414.3 million and is expected to reach US$ 3801.3 million by 2025 with a CAGR of 5.8% over the forecast period. Increasing sales of passenger cars that run on gasoline is one of the major factors expected to aid in growth of the market over the forecast period. According to

  2. International Organization of Motor Vehicle Manufacturers, the sales of passenger vehicles was 70,849,466 units in 2016 up from 69,506,882 units in 2015. Asia pacific held the dominant position in spark plug and glow plug market in 2017 On the basis of geography, the spark plug and glow plug market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, the Asia Pacific market was valued at US$ 1542.6 million and is expected to reach US$ 2679.2 million by 2025 with a CAGR of 7.1%. India, China, Japan and South Korea are some of the major countries in the spark plugs market in this region. High sales of passenger cars in the region is one of the major factors for the growth of the spark plug market in this region. Explore market research @ https://www.coherentmarketinsights.com/market-insight/spark-plug-and-glow-plug-market-1474 For instance, according to International Organization of Motor Vehicle Manufacturers, in 2017, the new sales or registration of new passenger car in China was 24,961,948 units up from 24,376,902 units in 2016. Similarly, in 2017, the new passenger car sales or registration in India, Japan, and South Korea was 3,227,701 units, 4,391,100 units and 1,495,468 units, respectively. This is expected to be one of the major driving factors for growth of the market in Asia Pacific. In addition to this, advancement in technology in spark plug and glow plug such as pressure sensor glow plugs for diesel engines is also expected to support in growth of market. Key Players - Global Spark Plug and Glow Plug Market The major players operating in the global spark plug and glow plug market include NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, Borgwarner Inc., Denso Corporation, Robert Bosch Gmbh, General Motors (Acdelco Corporation), Delphi Automotive, Valeo, Weichai Power Co. Ltd., and UCI Fram Autobrands (Autolite) About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154

  3. Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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