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Follow on Google News | Spark Plug Market size Competitive Research and Precise Outlook – 2025Spark Plug Market is Valued at USD 6678.1 Million in 2018 and Expected to Reach USD 9779.1 Million by 2025 With a CAGR of 5.6% Over the Forecast Period. Spark plug is a device which is used for delivering electric current from an ignition system to the combustion chamber of a spark ignition engine to ignite the compressed air fuel mixture by a spark. Spark plug has a metal threaded shell, electrically isolated from a central electrode by a porcelain insulator. Through the compression cycle the combustion of the compressed air fuel mixture is ignite by the spark plug and it is the task of the spark plug to produce this spark. Spark plug market is segmented on the basis of product type, electrode material, application type, demand category and region & country level. On the basis of product type, it is divided in to hot spark plug and cold spark plug. On the basis of electrode material, it is divided into copper, iridium, platinum and others. On the basis of application type, the market is divided into automotive, marine, industrial and others. On the basis of demand category, the market is divided into OEM and aftermarket. The regions covered in this Spark Plug Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Spark Plug Market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc. Key Players for Global Spark Plug Market Reports– Global Spark Plug Market report covers prominent players like Global Spark Plug Market report covers prominent players like Federal-Mogul Corporation, Denso Corporation, BorgWarner Inc., Robert Bosch Gmbh, ACDelco, Weichai Power Co. Ltd., Megenti Marelli S.p.A, NGK Spark Plug Co. Ltd, Valeo, MSD Performance, HELLA GmbH & Co. KGaA and Others. Increasing Automotive Sector is Driving the Growth of Spark Plug Market. Increasing demand of automobiles due to growing population and increasing consumer's disposable income are accelerating the growth of automobile sector, which leads to increase the growth of global spark plug market. Increasing demand of advanced spark plugs from customers helps to increases fuel efficiency is further augmenting the growth of spark plug market. Advanced and efficient spark plugs provide major environmental benefits as they improve the fuel efficiency. However, increasing adoption of electric vehicles globally may act as a restraining factor for the growth of spark plug market. However, increasing demand of petrol and CNG vehicles is expected to accelerate the growth of spark plug market in the forecast period. As compared to the petrol and diesel, carbon dioxide emission form CNG is less so the Government of major countries like India is including the CNG buses in public transport. Asia Pacific is Expected to be Most Significant Market for the Spark Plug Asia pacific is expected to gain the largest market share of global spark plug market because of high growth in automobile industry and population in this region. Increasing investment in automotive industry due to the low labor cost drives the growth of spark plug market in this region within the forecast period. India and china are expected to attribute for the major market share in this region. European region is expected to hold second largest market share of spark plug market because of increasing demand and production of automobiles is propelled the growth of spark plug market. Key Benefits for Global Spark Plug Market Reports – • Global market report covers in depth historical and forecast analysis. • Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level. • Global market report helps to identify opportunities in market place. • Global market report covers extensive analysis of emerging trends and competitive landscape. Spark Plug Market Segmentation – By of Product Type: • Hot Spark Plug • Cold Spark Plug By Electrode Material: • Copper • Iridium • Platinum • Others By Application Type: • Automotive • Marine • Industrial • Others By Demand Category: • OEM • Aftermarket By Regional & Country Level: • North America • U.S. • Canada • Europe • UK. • France • Germany • Italy • Asia Pacific • China • Japan • India • Southeast Asia • Latin America • Brazil • Mexico • Middle East and Africa • GCC • Africa • Rest of Middle East and Africa End
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