The Spark Plug Market was worth USD 2.07 billion in 2014 and is expected to reach approximately USD 3.04 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.36% during the forecast period.

This Report also provides Sales Analysis, Equipment and Raw Material Suppliers, Tables & Figures, development of Spark Plug industry, competitive landscape analysis, and key regions distributors analysis, and shares from 2014-2018 and forecast till 2023.

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Start plug is an electrical device strung into the cylinder of spark ignition engine, which creates spark at the expected time to touch off the ignitable air-fuel blend in the cylinder bore. The device involves resistance, insulator, shell, and electrodes. Amid the engine activity, when high strain current flows through the middle cathodes, it ionizes the gas exhibit between the anode holes, creating spark. The advanced spark plug is designed to provide a capable start around 500-3,500 times each moment. Temperature at the tip of the start plug is regularly in the vicinity of 500C and 800C.

Material Outlook and Trend Analysis:
Based on material the market is segmented into Copper, Iridium, and Platinum. The iridium is the most progressive centre electrode material for spark plug, which has a life span of 100,000 Km—five times more than copper start plug. Iridium spark plugs have properties, for example, long administration life and enhanced ignitability because of fine tipped focus cathode. Also, iridium spark plug discovers its application to high-end passenger cars, HCVs, and in small boats.

Application Outlook and Trend Analysis:
Automobile spark plug market drove the spark plug market, representing around 80% of the general market. This is ascribed to the rising number of gasoline-powered passenger cars generally in developing nations of Asia-Pacific and LAMEA. Additionally, developing demand for vehicles that are powered by natural gas helps the development of the automobile spark plug market.

Regional Outlook and Trend Analysis:
Asia-Pacific spark plug market is the most lucrative spark plug market among different locales, inferable from increment in number of vehicles in China, India, and Japan. Existence of the major car makers in China and their responsibility of investing resources in Asia-Pacific and development in number of joint endeavours with universal brands drive the market development.

Competitive Insights:
The leading players in the market are Federal-Mogul Corporation, Ngk Spark Plug Co Ltd, Enerpulse Technologie, Autolite, Denso Corporation, Zhuzhou Torch Spark Plug, Stitt Spark Plug, Acdelco and E3 Sparkplugs. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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The Spark Plug market is segmented as follows-
By Material:
Iridium
Platinum
Copper

By Application:
Industrial
Automobile
Marine
Others

By Region
North America
U.S.
Canada
Mexico

Europe
Germany
UK
France
Russia
Italy
Rest of Europe

Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific

South America
Brazil
Argentina
Columbia
South Africa
Rest of South America

Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA

Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Market Classification
Spark Plug Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
Automobile
Marine
Industrial
Other Applications

Spark Plug Market, By Electrode Material, Estimates and Forecast, 2014-2023 ($Million)
Copper
Iridium
Platinum

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
5.Spark Plug Market, By Application
6.Spark Plug Market, By Electrode Material
7.Spark Plug Market, By Region
8.Company Profiles
9.Global Spark Plug Market Competition, by Manufacturer
10.Spark Plug Market Forecast (2018-2023)
….

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