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What are the recent trends in market size and growth for the spark plug market?
The spark plug market size has grown strongly in recent years. It will grow from $4.17 billion in 2024 to $4.41 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing vehicle production globally, growing demand for high-performance engines, advancements in engine technology to improve efficiency, rising adoption of gasoline direct injection engines, and increasing automotive production.
The spark plug market size is expected to see strong growth in the next few years. It will grow to $5.47 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the shift towards electric vehicles reducing traditional spark plug demand, increasing adoption of turbocharged engines, increasing interest and growth of the electric vehicles, growth in the automotive aftermarket, and expansion of automotive production in emerging markets. Major trends in the forecast period include improved durability and performance, development of spark plugs for hybrid and electric vehicles, adoption of multi-electrode spark plugs for enhanced combustion, growth in demand for iridium and platinum spark plugs, and technological advancements.
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How have varous drivers impacted the growth of the spark plug market?
Increasing automotive production is expected to propel the growth of the spark plug market going forward. Automotive production is growing due to increasing global demand for vehicles driven by economic growth, urbanization, and rising consumer purchasing power. Spark plugs are used in automotive production to ignite the air-fuel mixture within the engine’s combustion chamber, which is essential for starting and running gasoline-powered internal combustion engines. For instance, in June 2024, according to a report published by Statistics Canada, a Canada-based national statistical organization, in 2022, the total number of registered road motor vehicles in Canada reached 26.3 million, showing a slight increase of 0.3% compared to 2021. Therefore, increasing automotive production is driving the growth of the spark plug market.
What are the primary segments of the spark plug market?
The spark plug market covered in this report is segmented –
1) By Product Type: Hot Spark Plug, Cold Spark Plug
2) By Material Type: Copper, Iridium, Platinum, Other Material Types
3) By Application: Automotive, Marine, Aerospace, Other Applications
4) By Distribution Channels: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Hot Spark Plug: Standard Hot Spark Plug, High Performance Hot Spark Plug
2) By Cold Spark Plug: Standard Cold Spark Plug, High Performance Cold Spark Plug
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Which firms are leading the spark plug market?
Major companies operating in the spark plug market are Robert Bosch GmbH, Hitachi Ltd., Denso Corporation, Weichai Power Co. Ltd., Valeo SA, Tenneco Inc., BorgWarner Inc., NGK Spark Plug Co. Ltd., Enerplus Corporation, Delphi Automotive LLP, Zhuzhou Torch Spark Plug Co. Ltd., Magneti Marelli SPA, ACDelco, Autolite (India) Limited, Motorcraft, Pulstar Inc., Stitt Spark Plug Company, E3 Sparkplugs, Brisk Co., Champion Industrial Contractors Inc., KLG Spark Plugs
How will industry trends affect the trajectory of the spark plug market?
Major companies operating in the spark plug market are focused on developing innovative products, such as the durable spark plug, to enhance durability and performance. A durable spark plug refers to a component designed to withstand prolonged use and harsh conditions without significant degradation in performance or lifespan, ensuring reliable ignition and operational efficiency over an extended period. For instance, in August 2022, Tenneco, a US-based emission control system company, launched a new range of Champion industrial ignition spark plugs, C-4001, designed for enhanced performance and durability in industrial applications. These new products are specifically tailored for stationary biogas and natural gas applications, as well as commercial trucks, buses, and Metal & Construction machinery.
Which geographic trends are shaping the spark plug market, and which region has the highest market share?
Asia-Pacific was the largest region in the spark plug market in 2023. The regions covered in the spark plug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Spark Plug Market Report 2025 Offer?
The spark plug market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A spark plug is a device that delivers electric current from the ignition system to the combustion chamber of an internal combustion engine. It ignites the air-fuel mixture by creating a spark, initiating the combustion process. This is crucial for starting the engine and maintaining its efficient operation.
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