Call for Commercial Vehicles to accelerate the Automotive Spark and Glow Plugs Market
Iridium- and platinum-based spark plugs are used in the high-performance engines. Down-sized gasoline engines are also doing the rounds. Persistence Market Research has walked through these facts with future perspectives in its latest market study entitled “Automotive Spark and Glow Plugs Market”.
How is the Automotive Spark and Glow Plugs Market categorized?
The global automotive spark and glow plugs market, by type of spark & glow, spans hot spark plugs, cold spark plugs, metal glow plugs, and ceramic glow plugs. By type of vehicle, it’s passenger cars, HCVs, and LCVs. BY sales channel, it’s aftermarket and OEMs. Persistence Market Research has tabled these findings with probable calls to action in its latest market study entitled “Automotive Spark and Glow Plugs Market”.
Restraints to Automotive Spark and Glow Plugs Market
The UK and France have asked automakers to go 100% electric by the year 2040. Germany, which houses the auto bellwethers like Volkswagen, Mercedes, and BMW, has decided to entirely ban IC engines by the year 2030. Also, China, which did sell 0.5 Mn electric vehicles in the year 2016, has come through its roadmap of making its transportation 100% electric by the year 2030. Car manufacturers like Volvo and JLR have also decided on doling out electric vehicles. The year 2019 witnessed an influx of nearly 200 new-fangled electric vehicles at their end. These factors are bound to hamper the automotive spark and glow plugs market in the forecast period. Persistence Market Research has entailed these facts with insights in its latest market study entitled “Automotive Spark and Glow Plugs Market”.
Research states that close to 75% of the inland cargo transports with the EU comes to around 1,750 Bn metric ton-kilometer by road. This factor has placed Europe at the forefront of automotive spark and glow plugs market as commercial vehicles are in great demand. The Asia-Pacific is subject to growth of mining, construction, and logistics verticals, which places it at the second position. North America is going steady over here. Persistence Market Research has tabled these findings with insights in its latest market study entitled “Automotive Spark and Glow Plugs Market”.
Persistence Market Research has profiled the key players in automotive spark and glow plugs market as NGK Spark Plug Co., Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch GmbH, Borgwarner Inc., Weichai Power Co., Ltd., Valeo SA, AC Delco Corporation, Magneti Marelli Aftermarket N.A., and likewise. These players are into organic as well as inorganic mode of expansion for broadening their base herein.
Persistence Market Research has gone further with mentioning about latest developments in this regard. For instance – NGK Spark Plug Co., Ltd. did exhibit products pertaining to next-gen automotive applications utilizing ceramic technology for improving fuel efficiency and reducing emissions from IC engines at JSAE Automotive Engineering Exposition 2021. As far as spark plugs are concerned, the company came up with pre-chamber spark plug, a technology facilitating compliance with CO2 regulations and future exhaust emission regulations.
Persistence Market Research has also mentioned about the other developments. For example – Bosch, in January 2021, tabled novel EVO spark plugs. The very first release was for modern gasoline direct-injection engines in vehicles belonging to Mercedes-Benz. NGK Spark Plugs India, in February 2020, launched an updated range of BS-6 compliant and BS-6 Ready spark plugs and glow plugs for diesel and petrol vehicles.
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