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Spark Plug Market by Electrode Material (Copper, Iridium, and Platinum) and Application (Automobile, Marine, Industrial, and others {working equipment, brush cutters, scythes, mowers, and saws}) - Global Opportunity Analysis and Industry Forecast, 2014-2022

AU_171873
Pages: 190
Jan 2017 | 3770 Views
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Author's : Eshan Hira
Tables: 43
Charts: 59
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Spark Plug Market Overview: 

Global spark plug market is expected to reach $2,904 million by 2022, growing at a CAGR of 4.2% during the forecast period 2014 - 2022. Spark plug is an electrical device threaded into the cylinder of spark ignition engine, which produces spark at the required time to ignite the combustible air-fuel mixture in the cylinder bore. The device comprises shell, resistance, electrodes, and insulator. During the engine operation, when high tension current flows through the center electrodes, it ionizes the gas present between the electrode gap, producing spark. The modern spark plug is designed to deliver a powerful ignition spark around 500-3,500 times per minute. Temperature at the tip of the spark plug is normally between 500C and 800C.

Market Segmentation

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The market segmentation is based on electrode material, application, and geography. Electrode material segment is divided into copper, platinum, and iridium. On the basis of application, the market is categorized into automobile, marine, industrial, and others (working equipment, brush cutters, scythes, mowers, saws). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is divided into the U.S., Canada, and Mexico, whereas Europe is classified into Germany, France, Italy, UK, and rest of Europe. Asia-Pacific is further segmented into China, Australia, Japan, India, and rest of Asia-Pacific. Latin America, Middle East, and Africa are considered under LAMEA.

Market Dynamics

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Increase in sales and production of gasoline powered vehicles globally and rise in number of petrol-based generators, small & recreational boats, and jet skis drive the market growth. However, technical advancements to downsize automotive engines and growth in penetration of electric vehicle & electrically powered working equipment such as mowers and saws hinder the growth of the spark plug market. Irrespective of these challenges, increase in demand for natural gas-powered vehicles, technological advancements, such as new electrode material, are expected to create numerous opportunities for the market players, thus boosting the market growth.

Automobile Segment Lead the Spark Plug Market:

Automobile spark plug market led the overall spark plug market, accounting for around 80% of the overall market. This is attributed to increase in number of gasoline-powered passenger cars mostly in developing countries of Asia-Pacific and LAMEA. In addition, rise in demand for natural gas-powered vehicle further boosts the growth of the automobile spark plug market.

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Asia-Pacific: Most Lucrative Market for Spark Plug:

Asia-Pacific spark plug market is the most lucrative spark plug market among other regions, owing to increase in number of vehicles in China, India, and Japan. Presence of the major car manufacturers in China and their continued commitment to invest in Asia-Pacific and growth in number of joint ventures with international brands drive the market growth. Moreover, Asia-Pacific is the largest market for gasoline & natural gas-based generator due to rise in industrialization and urbanization in developing countries such as China, India, Thailand, and Singapore, thus fueling the growth of the market.

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Key Benefits of the Report

  • The report includes an extensive analysis of the factors that drive as well as restrain the global spark plug market.
  • The market projections from 2014 to 2022 are included along with the affecting factors.
  • The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the situations prevailing in the market.
  • An in-depth analysis of key segments demonstrates stakeholders with different types of electrode material and application of spark plug.
  • Competitive intelligence highlights the business practices followed by leading market players across various geographies.

KEY MARKET SEGMENTS OF SPARK PLUG MARKET

BY ELECTRODE MATERIAL

  • Copper
  • Iridium
  • Platinum

BY APPLICATION

  • Automobile
  • Marine
  • Industrial
  • Others (working equipment, brush cutters, scythes, mowers, saws)

BY GEOGRAPHY

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Australia
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

Chapter: 1 INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and 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 Winning Strategies
3.2.2. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitutes
3.3.4. Threat of New Entrants
3.3.5. Intensity of Competitive Rivalry

3.4. Market Share Analysis, 2015
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Increae in Production and Sales of Vehicle Globally
3.5.1.2. Rise in Number of Gasoline or Natural Gas-Powered Generators, and Small & Recreational Boats

3.5.2. Restraints

3.5.2.1. Engine Downsizing to Reduce Vehicle Weight
3.5.2.2. Increasing Penetration of Electric Vehicle & Electrically Powered Working Equipment

3.5.3. Opportunities

3.5.3.1. Advancement in Technology
3.5.3.2. Growth in Demand for Natural Gas-Powered Vehicle

Chapter: 4 GLOBAL SPARK PLUG MARKET, BY ELECTRODE MATERIAL

4.1. Overview

4.1.1. Market Size and Forecast

4.2. Copper

4.2.1. Market Size and Forecast

4.3. Iridium

4.3.1. Market Size and Forecast

4.4. Platinium

4.4.1. Market Size and Forecast

Chapter: 5 GLOBAL SPARK PLUG MARKET, BY APPLICATION

5.1. Overview

5.1.1. Market Size and Forecast

5.2. Automobile

5.2.1. Key Market Trends
5.2.2. Growth Factors and Opportunities
5.2.3. Market Size and Forecast

5.3. Marine

5.3.1. Key Market Trends
5.3.2. Growth Factors and Opportunities
5.3.3. Market Size and Forecast

5.4. Industrial

5.4.1. Key Market Trends
5.4.2. Growth Factors and Opportunities
5.4.3. Market Size and Forecast

5.5. Others (Working Equipment, Brush Cutters, Scythes, Mowers, Saws)

5.5.1. Key Market Trends
5.5.2. Growth Factors and Opportunities
5.5.3. Market Size and Forecast

Chapter: 6 GLOBAL SPARK PLUG MARKET, BY GEOGRAPHY

6.1. Overview

6.1.1. Market Size and Forecast

6.2. North America

6.2.1. Key Market Trends
6.2.2. Growth Factors and Opportunities
6.2.3. Market Size and Forecast
6.2.4. U.S.

6.2.4.1. Market Size and Forecast

6.2.5. Canada

6.2.5.1. Market Size and Forecast

6.2.6. Mexico

6.2.6.1. Market Size and Forecast

6.3. Europe

6.3.1. Key Market Trends
6.3.2. Growth Factors and Opportunities
6.3.3. Market Size and Forecast
6.3.4. U.K.

6.3.4.1. Market Size and Forecast

6.3.5. Germany

6.3.5.1. Market Size and Forecast

6.3.6. France

6.3.6.1. Market Size and Forecast

6.3.7. Italy

6.3.7.1. Market Size and Forecast

6.3.8. Rest of Europe

6.3.8.1. Market Size and Forecast

6.4. Asia-Pacific

6.4.1. Key Market Trends
6.4.2. Growth Factors and Opportunities
6.4.3. Market Size and Forecast
6.4.4. China

6.4.4.1. Market Size and Forecast

6.4.5. Japan

6.4.5.1. Market Size and Forecast

6.4.6. Australia

6.4.6.1. Market Size and Forecast

6.4.7. India

6.4.7.1. Market Size and Forecast

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market Size and Forecast

6.5. LAMEA

6.5.1. Key Market Trends
6.5.2. Growth Factors and Opportunities
6.5.3. Market Size and Forecast
6.5.4. Latin America

6.5.4.1. Market Size and Forecast

6.5.5. Middle East

6.5.5.1. Market Size and Forecast

6.5.6. Africa

6.5.6.1. Market Size and Forecast

Chapter: 7 RELATED INDUSTRY INSIGHTS

Chapter: 8 COMPANY PROFILES

8.1. Ngk Spark Plug Co., Ltd.

8.1.1. Company Overview
8.1.2. Operating Business Segments
8.1.3. Business Performance
8.1.4. Key Strategic Moves and Developments

8.2. Federal-Mogul Corporation

8.2.1. Company Overview
8.2.2. Operating Business Segments
8.2.3. Business Performance
8.2.4. Key Strategic Moves and Developments

8.3. Denso Corporation

8.3.1. Company Overview
8.3.2. Operating Business Segments
8.3.3. Business Performance
8.3.4. Key Strategic Moves and Developments

8.4. Robert Bosch GMBH

8.4.1. Company Overview
8.4.2. Operating Business Segments
8.4.3. Key Strategic Moves and Developments

8.5. Autolite

8.5.1. Company Overview
8.5.2. Operating Business Segments
8.5.3. Business Performance
8.5.4. Key Strategic Moves and Developments

8.6. Enerpulse Technologie

8.6.1. Company Overview
8.6.2. Operating Business Segments
8.6.3. Business Performance
8.6.4. Key Strategic Moves and Developments

8.7. Stitt Spark Plug

8.7.1. Company Overview
8.7.2. Operating Business Segments
8.7.3. Business Performance
8.7.4. Key Strategic Moves and Developments

8.8. Acdelco

8.8.1. Company Overview
8.8.2. Operating Business Segments
8.8.3. Key Strategic Moves and Developments

8.9. E3 Sparkplugs

8.9.1. Company Overview
8.9.2. Operating Business Segments
8.9.3. Business Performance
8.9.4. Key Strategic Moves and Developments

8.10. Zhuzhou Torch Spark Plug

8.10.1. Company Overview
8.10.2. Operating Business Segments
8.10.3. Business Performance
8.10.4. Key Strategic Moves and Developments

LIST of TABLE

TABLE 1. GLOBAL SPARK PLUG MARKET, BY ELECTRODE MATERIAL, 2014-2022 ($MILLION)
TABLE 2. GLOBAL COPPER SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 3. GLOBAL IRIDIUM SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 4. GLOBAL PLATINIUM SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 5. GLOBAL SPARK PLUG MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 7. GLOBAL AUTOMOBILE SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 8. GLOBAL MARINE SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 9. GLOBAL INDUSTRIAL SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 10. GLOBAL OTHERS SPARK PLUG MARKET, REVENUE, BY REGION ($MILLION), 2014-2022
TABLE 11. SPARK PLUG MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12. NORTH AMERICA: SPARK PLUG MARKET, BY ELECTRODE MATERIAL, 2014-2022 ($MILLION)
TABLE 13. NORTH AMERICA: SPARK PLUG MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 14. NORTH AMERICA: SPARK PLUG MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 15. EUROPE: SPARK PLUG MARKET, BY ELECTRODE MATERIAL, 2014-2022 ($MILLION)
TABLE 16. EUROPE: SPARK PLUG MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 17. EUROPE: SPARK PLUG MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18. ASIA-PACIFIC: SPARK PLUG MARKET, BY ELECTRODE MATERIAL, 2014-2022 ($MILLION)
TABLE 19. ASIA-PACIFIC: SPARK PLUG MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 20. ASIA-PACIFIC: SPARK PLUG MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 21. LAMEA: SPARK PLUG MARKET, BY ELECTRODE MATERIAL, 2014-2022 ($MILLION)
TABLE 22. LAMEA: SPARK PLUG MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 23. LAMEA: SPARK PLUG MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 24. NGK SPARK PLUG CO., LTD.: COMPANY SNAPSHOT
TABLE 25. NGK SPARK PLUG CO., LTD.: OPERATING SEGMENTS
TABLE 26. FEDERAL-MOGUL CORPORATION: COMPANY SNAPSHOT
TABLE 27. FEDERAL-MOGUL CORPORATION: OPERATING SEGMENTS
TABLE 28. DENSO CORPORATION: COMPANY SNAPSHOT
TABLE 29. DENSO CORPORATION: OPERATING SEGMENTS
TABLE 30. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 31. ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 32. AUTOLITE: COMPANY SNAPSHOT
TABLE 33. AUTOLITE: OPERATING SEGMENTS
TABLE 34. ENERPULSE TECHNOLOGIE: COMPANY SNAPSHOT
TABLE 35. ENERPULSE TECHNOLOGIE: OPERATING SEGMENTS
TABLE 36. STITT SPARK PLUG: COMPANY SNAPSHOT
TABLE 37. STITT SPARK PLUG: OPERATING SEGMENTS
TABLE 38. ACDELCO: COMPANY SNAPSHOT
TABLE 39. ACDELCO: OPERATING SEGMENTS
TABLE 40. E3 SPARKPLUGS: COMPANY SNAPSHOT
TABLE 41. E3 SPARKPLUGS: OPERATING SEGMENTS
TABLE 42. ZHUZHOU TORCH SPARK PLUG: COMPANY SNAPSHOT
TABLE 43. ZHUZHOU TORCH SPARK PLUG: OPERATING SEGMENTS

LIST of FIGURES

FIGURE 1. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2013-2016)
FIGURE 2. TOP WINNING STRATEGIES: NATURE and TYPE
FIGURE 3. TOP INVESTMENT POCKETS in GLOBAL SPARK PLUG MARKET, BY APPLICATION
FIGURE 4. PORTERS FIVE FORCES ANALYSIS
FIGURE 5. MARKET SHARE ANALYSIS, 2015
FIGURE 6. GLOBAL SPARK PLUG MARKET SHARE, BY ELECTRODE MATERIAL, 2014 & 2022 (%SHARE)
FIGURE 7. GLOBAL COPPER SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 8. GLOBAL COPPER SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 9. GLOBAL IRIDIUM SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 10. GLOBAL IRIDIUM SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 11. GLOBAL PLATINIUM SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 12. GLOBAL PLATINIUM SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 13. GLOBAL SPARK PLUG MARKET SHARE, BY APPLICATION, 2014 & 2022 (%SHARE)
FIGURE 14. GLOBAL AUTOMOBILE SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 15. GLOBAL AUTOMOBILE SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 16. GLOBAL MARINE SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 17. GLOBAL MARINE SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 18. GLOBAL INDUSTRIAL SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 19. GLOBAL INDUSTRIAL SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 20. GLOBAL OTHERS SPARK PLUG MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS (%), 2014 & 2022
FIGURE 21. GLOBAL OTHERS SPARK PLUG MARKET, REVENUE, ($MILLION), 2014-2022
FIGURE 22. GLOBAL SPARK PLUG MARKET SHARE, BY REGION, 2014 & 2022 (%SHARE)
FIGURE 23. NORTH AMERICA: SPARK PLUG MARKET SHARE BY ELECTRODE MATERIAL (% SHARE), 2014 & 2022
FIGURE 24. NORTH AMERICA: SPARK PLUG MARKET SHARE, BY APPLICATION (% SHARE), 2014 & 2022
FIGURE 25. NORTH AMERICA: SPARK PLUG MARKET, REVENUE ($MILLION), 2014-2022
FIGURE 26. U.S.: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 27. CANADA: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 28. MEXICO: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 29. EUROPE: SPARK PLUG MARKET SHARE BY ELECTRODE MATERIAL (% SHARE), 2014 & 2022
FIGURE 30. EUROPE: SPARK PLUG MARKET SHARE, BY APPLICATION (% SHARE), 2014 & 2022
FIGURE 31. EUROPE: SPARK PLUG MARKET, REVENUE ($MILLION), 2014-2022
FIGURE 32. U.K.: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 33. GERMANY: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 34. FRANCE: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 35. ITALY: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 36. REST of EUROPE: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 37. ASIA-PACIFIC: SPARK PLUG MARKET SHARE BY ELECTRODE MATERIAL (% SHARE), 2014 & 2022
FIGURE 38. ASIA-PACIFIC: SPARK PLUG MARKET SHARE, BY APPLICATION (% SHARE), 2014 & 2022
FIGURE 39. ASIA-PACIFIC: SPARK PLUG MARKET, REVENUE ($MILLION), 2014-2022
FIGURE 40. CHINA. SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 41. JAPAN: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 42. AUSTRALIA: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 43. INDIA: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 44. REST of ASIA-PACIFIC: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 45. LAMEA: SPARK PLUG MARKET SHARE BY ELECTRODE MATERIAL (% SHARE), 2014 & 2022
FIGURE 46. LAMEA: SPARK PLUG MARKET SHARE, BY APPLICATION (% SHARE), 2014 & 2022
FIGURE 47. LAMEA: SPARK PLUG MARKET, REVENUE ($MILLION), 2014-2022
FIGURE 48. LATIN AMERICA: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 49. MIDDLE EAST: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 50. AFRICA: SPARK PLUG MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 51. COMPANY SNAPSHOT
FIGURE 52. FEDERAL-MOGUL CORPORATION: COMPANY SNAPSHOT
FIGURE 53. DENSO CORPORATION: COMPANY SNAPSHOT
FIGURE 54. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
FIGURE 55. AUTOLITE: COMPANY SNAPSHOT
FIGURE 56. ENERPULSE TECHNOLOGIE: COMPANY SNAPSHOT
FIGURE 57. STITT SPARK PLUG: COMPANY SNAPSHOT
FIGURE 58. E3 SPARKPLUGS: COMPANY SNAPSHOT
FIGURE 59. ZHUZHOU TORCH SPARK PLUG: COMPANY SNAPSHOT

 

Spark plug is an engine component placed at the top of cylinder that initiates the combustion process inside the combustion chamber of engine. The device produces spark that ignites the air–fuel mixture. Increase in number of vehicle, small & recreational boats, and generator drives the growth of the spark plug market due to rise in disposable incomes and urbanization & industrialization in developing countries. Furthermore, rise in demand for natural gas-powered vehicle due to stringent vehicular emission rules and regulation across different geographical regions boosts the demand for spark plugs.

The automotive sector constituted largest market share owing to the growth in number of gasoline-based passenger car and two-wheeler mostly in developing countries such as China, India, Thailand, and Singapore. Moreover, iridium is the most advanced center electrode material for spark plug, which has a life expectancy of 100,000 Km—five times greater than copper spark plug. Iridium spark plugs possess properties such as long service life and improved ignitability due to fine tipped center electrode. In addition, iridium spark plug finds its application in high-end passenger cars, HCVs, and in small boats.

Considering the regional trends of the spark plug market, Asia-Pacific is projected to hold the largest market share, followed by Europe and North America. This is attributed to increase in automotive industry mostly in China, as China is the largest vehicle producer among other countries, followed by U.S.

Leading players such as NGK Spark Plug Co. Ltd, Federal-Mogul Corporation, and Robert Bosch Gmbh are expected to explore newer techniques and applications to cater to the growing demands of customers. Collaborations and acquisitions are expected to enable them to enhance their product portfolios and expand into different geographies.

 

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