At what pace is the vehicle ignition coil market growing, and what is its estimated value?
The vehicle ignition coil market size has grown steadily in recent years. It will grow from $6.36 billion in 2024 to $6.67 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to rise in automotive production and sales, rise in demand for fuel-efficient vehicles, rise in demand for electric and hybrid vehicles, increase in maintenance and repair needs, and rise in stringent emission regulations.
The vehicle ignition coil market size is expected to see steady growth in the next few years. It will grow to $8.05 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing disposable income, increasing collaborations and partnerships, rise in global trade in automotive parts, increasing research and development investments, and growing popularity of turbocharged engines. Major trends in the forecast period include adoption of high-performance ignition systems, integration with advanced vehicle diagnostics, adoption in electric and hybrid vehicles, development of energy-efficient coils, and adoption of lightweight materials.
Get Your Free Sample of The Global Vehicle Ignition Coil Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19235&type=smp
What are the top drivers to the rising demand in the vehicle ignition coil market?
The rising automotive production and sales are expected to propel the growth of the vehicle ignition coil market going forward. Automotive production refers to the process of designing, manufacturing, and assembling motor vehicles, including cars, trucks, and other types of vehicles, using various materials, components, and technologies. The increase in automotive production is due to advancements in industrial manufacturing processes, automation technologies, consumer demand for vehicles, and innovations in materials and engineering. Vehicle ignition coil helps automotive by converting the low voltage from the car’s battery into the high voltage needed to ignite the air-fuel mixture in the engine’s cylinders, enabling the engine to start and run efficiently. For instance, in May 2023, according to the European Automobile Manufacturers’ Association (ACEA), an Italy-based motor vehicle manufacturing association, around 85.4 million motor vehicles were produced worldwide in 2022, an increase of 5.7% compared to 2021. Therefore, the rising automotive production and sales are driving the growth of the vehicle ignition coil market.
How is the vehicle ignition coil market segmented?
The vehicle ignition coilmarket covered in this report is segmented –
1) By Type: Coil-On-Plug, Distributor Based, Distributor Less, Other Types
2) By Technology: Single Spark Technology, Double Spark Technology
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Coil-On-Plug: Integrated Coil Type, Separate Coil Type
2) By Distributor Based: Conventional Distributor Type, Electronic Distributor Type
3) By Distributor Less: Ignition Coil Pack Type, Individual Ignition Coil Type
4) By Other Types: High-Performance Ignition Coils, Specialty Ignition Coils
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/vehicle-ignition-coil-global-market-report
Who are the top competitors in the vehicle ignition coil market?
Major companies operating in the vehicle ignition coil market are General Motors Company, Robert Bosch Gmbh, Hitachi Ltd., Denso Corporation, Mitsubishi Electric Corporation, Marelli Holdings, Borgwarner Inc., Standard Motor Products, Eldor Corporation S.P.A., Niterra Co Ltd., Holley Performance Products, Lucas Electrical, Zhuzhou Torch Spark Plug Co. Ltd., Federal-Mogul, Yura Corporation, United Automotive Electronic Systems, Wells Vehicle Electronics, Diamond Electric Mfg. Corp, Prenco Progress & Engineering Corp. Ltd., Walker Products, Marshall Electric Corp., Triscan A/S
What significant trends should we anticipate in the vehicle ignition coil market over the forecast period?
Major companies operating in the vehicle ignition coil market are focused on developing innovative products, such as high-performance ignition coils to enhance engine performance and reliability. High-performance ignition coils help vehicles by delivering a stronger, more consistent spark, improving engine performance, fuel efficiency, and throttle response while reducing emissions and ensuring smoother acceleration, particularly in high-stress or high-speed driving conditions. For instance, in January 2024, Niterra, a Japan-based motor vehicle parts manufacturing company, launched MOD Performance Ignition Coils, a specific line of high-performance ignition coils designed for high durability and consistent voltage output optimized for hybrid engines. The MOD Performance Ignition Coils are engineered to withstand the demanding conditions of performance vehicles and hybrid engines, ensuring reliable operation over time. These coils provide stable and consistent voltage for optimal engine performance and efficiency.
Which regional trends are influencing the vehicle ignition coil market, and which area dominates the industry?
Asia-Pacific was the largest region in the vehicle ignition coil market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle ignition coil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Vehicle Ignition Coil Market Report 2025 Offer?
The vehicle ignition coil market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A vehicle ignition coil refers to a critical component in the vehicle’s ignition system that converts the low voltage from the battery’s battery into the high voltage necessary to create a spark in the plugs. This spark ignites the air-fuel mixture within the engine cylinders, enabling combustion and powering the engine. Ignition coils are vital to the starting and efficient running of internal combustion engines, with modern systems often using variations like Coil-On-Plug (COP) for enhanced performance.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19235
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
