Automotive Glow Plug Market By Type (Metal Glow Plug, Ceramic Glow Plug), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
A glow plug is a small heating device which is utilized to start the diesel engine in vehicles. A glow plug heats the air and fuel mixture to ignite the car engine. It is fitted into each cylinder block of a diesel engine with a heating system element to heat arriving fuel and air mixture to ensure efficient combustion when the engine is cold. In addition, a glow plug is composed of several components such as heating coil, regulating coil, terminal nut, center electrode, insulation powder, and others. Moreover, glow plugs come in different shapes and sizes and are not interchangeable.
Trucks are meant to carry cargo, goods, or troops. They are meant to cover a longer distance with the goods loaded on them. Generally, trucks are equipped with diesel engine as diesel engine provide high torque and high efficiency. In addition, use of technologically enhanced glow plugs in diesel engine trucks provide more efficiency and decrease fuel consumption. Moreover, regulations such as the introduction of emission norms compliant glow plugs in heavy commercial vehicles have been made mandatory by the government, leading to the demand for the advanced glow plugs to be installed in the heavy commercial vehicles.
The global automotive glow plug market is experiencing growth due to surge in demand for commercial vehicles, and rise in production of vehicles globally. However, rise in demand for electric vehicles is the factor hampering the growth of the market. Furthermore, rise in aftermarket sale is the factor expected to offer growth opportunities during the forecast period.
The automotive glow plug market is segmented on the basis of type, vehicle type, sales channel, and region. By type, it is bifurcated into metal glow plug, and ceramic glow plug. By vehicle type, it is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. By sales channel, it is fragmented into OEM, and aftermarket. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive glow plug market analysis from 2021 to 2031 to identify the prevailing automotive glow plug market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive glow plug market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive glow plug market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
OEM
Aftermarket
By Type
Metal Glow Plug
Ceramic Glow Plug
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
DENSO Corporation
NGK Spark Plug Co. Ltd
Robert Bosch GmbH
BorgWarner Inc.
Tenneco Inc
E3 Spark Plugs
Ford Motor Company
General Motors Company
Marelli Holdings Co., Ltd.
Valeo S.A
Weichai Power Co., Ltd.
Wellman Glow Plugs Co.
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