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Korea & China Spark Plug Market by Electrode Material (Copper, Platinum, and Iridium) and Application (Automobile, Marine, Industrial, and Others) - Opportunity Analysis and Industry Forecast, 2017-2023

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AU_184604
Pages: 110
Apr 2018 | 1557 Views
 
Author's : Chandani Poddar
Tables: 42
Charts: 36
 

Korea China Spark Plug Market Overview:

Korea & China Spark Plug Market was valued at $670 million in 2016, and is projected to reach at $947 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023.

Spark plug is an electrical device, threaded into the cylinder of spark ignition engine, which produces a spark for igniting the combustible air‐fuel mixture in the cylinder bore of an internal combustion engine. During the engine operation, when a high tension current flows through the center electrodes, it ionizes the gas present between the electrode gaps; hence, produces a spark. The modern spark plug is designed to deliver a powerful ignition spark around 500 to 3,500 times per minute.

Factors such as increase in sales and production of gasoline-powered vehicles, as well as rise in use of gasoline based generators, small & recreational boats, and jet skis, drive the market growth. However, factors such as technical advancements to downsize automotive engines and growth in penetration of electric vehicles & electrically powered working equipment such as mowers, and saws, hinder the growth of Korea & China spark plug market. Likewise, advancements in technology, such as new electrode material is expected to fuel the growth further.

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The key players operating in the Korea & China spark plug market include NGK Spark Plug Co. Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch GmbH, FRAM Group IP LLC. (Autolite), Enerpulse Technologies Inc., Stitt Spark Plug, Acdelco Corporation, E3 Sparkplugs, Zhuzhou Torch Spark Plug, Weichai Power Co. Ltd., MSD Performance, Ford Motor Company, and Valeo.

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The Korea & China spark plug market is segmented based on electrode material, application, and country. Copper, platinum, and iridium are studied under the electrode material segment. Based on application, the market is divided into automobile, marine, industrial, and others. Based on country, the market is analyzed across China and Korea.

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Increase in Production and Sales of Vehicles

The China market is one of the dominant markets of gasoline-powered cars, and is anticipated to maintain its dominance throughout the forecast period. As the automobile industry becomes more standardized, manufacturing facilities have shifted towards countries such as China and Korea. Leading automotive manufacturers continue to increase their investment in developing countries owing to low cost of labor, which further decreases the production cost and caters to the increase in demand for vehicles. These factors collectively propel the growth of the spark plug market.

Rise in Number of Gasoline or Natural Gas Based Generators and Small Recreational Boats

The gasoline or natural gas-powered generators are used to provide temporary power supply to various industries, such as construction & automotive, IT & telecom sector, and residential applications. In addition, recreational boating is gaining popularity mainly due to change in lifestyle, growth in personal expenditures, and rise in disposable income.  Therefore, surge in industrialization and urbanization has fueled the demand for gasoline or natural gas-powered generators, which further boosts the Korea & China spark plug market.

Engine Downsizing to Reduce Vehicle Weight

The trend of engine downsizing is on the rise, owing to the increase in concern regarding the vehicle weight, fuel economy, and stringent vehicular emission rules and regulations by governments. Leading automotive manufacturers are in the process of further reducing the number of cylinders in gasoline or natural gas-powered engine, which acts as a restraint for the spark plug market.

Key Benefits for Stakeholders

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the Korea & China spark plug market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
  • Extensive analysis of the market is conducted by following the key product positioning and monitoring of the top competitors within the market framework.
  • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the spark plug market.

Korea & China Spark Plug Market Key Segments

By Electrode Material

  • Copper
  • Platinum
  • Iridium

By Application

  • Automobile
  • Marine
  • Industrial
  • Others

By Country

  • China
  • Korea
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets

3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2016 (%)
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increase in production and sales of vehicle
3.5.1.2. Rise in number of gasoline or natural gas based generators and small & recreational boats

3.5.2. Restraint

3.5.2.1. Engine downsizing to reduction in vehicle weight

3.5.3. Opportunity

3.5.3.1. Rise in demand for natural gas powered vehicle

Chapter: 4: KOREA & CHINA SPARK PLUG MARKET, BY ELECTRODE MATERIAL

4.1. OVERVIEW
4.2. COPPER

4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast, by country

4.3. PLATINUM

4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast, by country

4.4. IRIDIUM

4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast, by country

Chapter: 5: KOREA & CHINA SPARK PLUG MARKET, BY APPLICATION

5.1. OVERVIEW
5.2. AUTOMOBILE

5.2.1. Key market trends
5.2.2. Market size and forecast, by country

5.3. MARINE

5.3.1. Key market trends
5.3.2. Market size and forecast, by country

5.4. INDUSTRIAL

5.4.1. Key market trends
5.4.2. Market size and forecast, by country

5.5. OTHERS (WORKING EQUIPMENT, BRUSH CUTTERS, SCYTHES, MOWERS, SAWS)

5.5.1. Key market trends
5.5.2. Market size and forecast, by country

Chapter: 6: KOREA & CHINA SPARK PLUG MARKET, BY COUNTRY

6.1. OVERVIEW
6.2. CHINA

6.2.1. Market size and forecast
6.2.2. Market size and forecast, by electrode material
6.2.3. Market size and forecast, by application

6.3. KOREA

6.3.1. Market size and forecast
6.3.2. Market size and forecast, by electrode material
6.3.3. Market size and forecast, by application

Chapter: 7: COMPANY PROFILES

7.1. AUTOLITE

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio

7.2. DENSO CORPORATION

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance

7.3. E3 SPARK PLUGS

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments

7.4. ENERPULSE TECHNOLOGIES, INC.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments

7.5. FEDERAL-MOGUL CORPORATION

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance

7.6. GENERAL MOTORS COMPANY (ACDELCO)

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance

7.7. NGK SPARK PLUG CO., LTD.

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance

7.8. ROBERT BOSCH GMBH

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance

7.9. STITT SPARK PLUG

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio

7.10. ZHUZHOU TORCH SPARK PLUG CO., LTD.

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio

LIST OF TABLES

TABLE 01. KOREA & CHINA SPARK PLUG MARKET REVENUE, BY ELECTRODE MATERIAL, 2016-2023 ($MILLION)
TABLE 02. KOREA & CHINA SPARK PLUG MARKET REVENUE FOR COPPER, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 03. KOREA & CHINA SPARK PLUG MARKET REVENUE FOR PLATINUM, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 04. KOREA & CHINA SPARK PLUG MARKET REVENUE FOR IRIDIUM, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 05. KOREA & CHINA SPARK PLUG MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 06. AUTOMOBILE KOREA & CHINA SPARK PLUG MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 07. MARINE KOREA & CHINA SPARK PLUG MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 08. INDUSTRIAL KOREA & CHINA SPARK PLUG MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 09. KOREA & CHINA SPARK PLUG MARKET REVENUE FOR OTHERS, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 10. KOREA & CHINA SPARK PLUG MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 11. CHINA SPARK PLUG MARKET REVENUE FOR ELECTRODE MATERIAL, 2016-2023 ($MILLION)
TABLE 12. CHINA SPARK PLUG MARKET REVENUE FOR APPLICATION, 2016-2023 ($MILLION)
TABLE 13. KOREA SPARK PLUG MARKET REVENUE FOR ELECTRODE MATERIAL, 2016-2023 ($MILLION)
TABLE 14. KOREA SPARK PLUG MARKET REVENUE FOR APPLICATION, 2016-2023 ($MILLION)
TABLE 15. AUTOLITE: COMPANY SNAPSHOT
TABLE 16. AUTOLITE: PRODUCT CATEGORY
TABLE 17. AUTOLITE: PRODUCT PORTFOLIO
TABLE 18. DENSO: COMPANY SNAPSHOT
TABLE 19. DENSO: OPERATING SEGMENTS
TABLE 20. DENSO: PRODUCT PORTFOLIO
TABLE 21. E3 SPARK PLUGS: COMPANY SNAPSHOT
TABLE 22. E3 SPARK PLUGS: PRODUCT CATEGORY
TABLE 23. E3 SPARK PLUGS: PRODUCT PORTFOLIO
TABLE 24. ENERPULSE TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 25. ENERPULSE TECHNOLOGIES, INC.: PRODUCT CATEGORY
TABLE 26. ENERPULSE TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 27. FEDERAL-MOGUL CORPORATION: COMPANY SNAPSHOT
TABLE 28. FEDERAL-MOGUL CORPORATION: OPERATING SEGMENTS
TABLE 29. FEDERAL-MOGUL CORPORATION: PRODUCT PORTFOLIO
TABLE 30. GENERAL MOTORS COMPANY: COMPANY SNAPSHOT
TABLE 31. GENERAL MOTORS COMPANY: OPERATING SEGMENTS
TABLE 32. GENERAL MOTORS COMPANY: PRODUCT PORTFOLIO
TABLE 33. NGK SPARK PLUG CO., LTD.: COMPANY SNAPSHOT
TABLE 34. NGK SPARK PLUG CO., LTD.: OPERATING SEGMENTS
TABLE 35. NGK SPARK PLUG CO., LTD.: PRODUCT PORTFOLIO
TABLE 36. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 37. STITT SPARK PLUG: COMPANY SNAPSHOT
TABLE 38. STITT SPARK PLUG: PRODUCT CATEGORY
TABLE 39. STITT SPARK PLUG: PRODUCT PORTFOLIO
TABLE 40. ZHUZHOU TORCH SPARK PLUG CO., LTD.: COMPANY SNAPSHOT
TABLE 41. ZHUZHOU TORCH SPARK PLUG CO., LTD.: PRODUCT CATEGORIES
TABLE 42. ZHUZHOU TORCH SPARK PLUG CO., LTD.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KOREA & CHINA SPARK PLUG MARKET, BY SEGMENT 2016-2023
FIGURE 02. KOREA & CHINA SPARK PLUG MARKET, BY COUNTRY, 2016-2023
FIGURE 03. TOP INVESTMENT POCKETS: KOREA & CHINA SPARK PLUG MARKET
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. MODERATE BARGAINING POWER OF BUYERS
FIGURE 06. MODERATE THREAT OF NEW ENTRANTS
FIGURE 07. LOW THREAT OF SUBSTITUTES
FIGURE 08. MODERATE COMPETITIVE RIVALARY
FIGURE 09. MARKET SHARE ANALYSIS: KOREA & CHINA SPARK PLUG MARKET, 2016 (%)
FIGURE 10. KOREA & CHINA SPARK PLUG MARKET, BY ELECTRODE MATERIAL, 2016-2023
FIGURE 11. COMPARATIVE ANALYSIS OF COPPER MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 12. COMPARATIVE ANALYSIS OF PLATINUM MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 13. COMPARATIVE ANALYSIS OF IRIDIUM MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 14. KOREA & CHINA SPARK PLUG MARKET, BY APPLICATION, 2016-2023
FIGURE 15. COMPARATIVE ANALYSIS OF AUTOMOBILE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. COMPARATIVE ANALYSIS OF MARINE MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 17. COMPARATIVE ANALYSIS OF INDUSTRIAL MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 18. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2016 & 2023 (%)
FIGURE 19. KOREA & CHINA SPARK PLUG MARKET, BY COUNTRY, 2016-2023
FIGURE 20. CHINA SPARK PLUGMARKET, BY REVENUE, 2016-2023
FIGURE 21. KOREA SPARK PLUGMARKET, BY REVENUE, 2016-2023
FIGURE 22. DENSO: NET SALES, 2015-2017 ($MILLION)
FIGURE 23. DENSO: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 24. DENSO: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 25. FEDERAL-MOGUL CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 26. FEDERAL-MOGUL CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 27. FEDERAL-MOGUL CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 28. GENERAL MOTORS COMPANY: REVENUE, 2014-2016 ($MILLION)
FIGURE 29. GENERAL MOTORS COMPANY: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 30. GENERAL MOTORS COMPANY: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 31. NGK SPARK PLUG CO., LTD.: REVENUE, 2015-2017 ($MILLION)
FIGURE 32. NGK SPARK PLUG CO., LTD.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 33. NGK SPARK PLUG CO., LTD.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 34. ROBERT BOSCH GMBH: REVENUE, 2014-2016 ($MILLION)
FIGURE 35. ROBERT BOSCH GMBH: REVENUE BY SEGMENT, 2016 (%)
FIGURE 36. ROBERT BOSCH GMBH: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

A spark plug comprises a shell, resistance, electrodes, and an insulator. During the engine operation, when a high tension current flows through the center electrodes, it ionizes the gas present between the electrode gaps; hence, produces a spark. The segments in the report are analyzed based on electrode material, application, and country.

Increase in sales and production of gasoline-powered vehicles, and rise in gasoline-based generators, small & recreational boats, and jet skis drive the market growth.

In 2016, China was the highest contributor, in terms of revenue, in the Korea & China spark plug market. In addition, iridium segment under the electrode material type contributed a significant revenue to the market. Furthermore, the automobile segment is anticipated to witness the highest growth rate during the forecast period, due to heavy investment across the region.

Prominent market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances, to increase awareness about the spark plugs market across the region.

 

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