Known Facts About Spark Plug Industry | StraitsResearch

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Here are Some Important Tips to How to Read Your
Spark Plugs? Straits Research Rise in the
demand and subsequent vehicle production coupled
with rise in industrialization is likely to boost
the market growth in Asia Pacific. Countries such
as India, China and Japan are expected to have a
dominant share in the market. Car manufacturers
have shown their confidence in the Asian market
by committing to local manufacturers, making
joint ventures and is likely to drive the growth
in the region. Moreover, countries such as South
Korea, Singapore and Malaysia have been a major
manufacturing hub for ship building. Due to oil
price volatility, the difference between diesel
prices and gasoline prices has reduced
considerably over the years. It has made
consumers shift to gasoline cars. Stringent
government norms and regulations regarding
emissions have made it difficult for automobile
manufacturers to maintain fuel efficiency. Trends
in Spark Plug Market
Competitive Landscape
Some of the major Companies in the Spark Plug
Market are Ngk Spark Plug Co., Ltd.,
Federal-Mogul Corporation, Denso Corporation,
Robert Bosch GMBH, Autolite,
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Enerpulse Technologie, Stitt Spark Plug, Acdelco,
E3 Sparkplugs, Zhuzhou Torch Spark Plug, and
Tenneco Inc. The Most Common Spark Plug
Applications Are Automobile Marine
Industrial
Segmental Insights Trends The Spark Plug Market
is Segmented By Electrode Material, By
Application, By Sales Channel. By Electrode
Material Copper, Iridium, Platinum. On the Basis
of By Application Automobile, Marine,
Industrial, Others. By Sales Channel OEM,
After-market. Ngk Spark Plug Co., Ltd. in May
2018 introduced spark plugs for CNG-powered
threewheeler in India used for public transport.
Spark plugs that have been developed are
conditioned to withstand high temperatures as
compared to petrol and diesel engines. These
spark plugs were further developed for
CNG-powered buses as well. The company has also
brought on new spark plugs that are compliant
with BS 6 emission regulation in India.
Regional Insights Geographically, the Spark Plug
Market is segmented into six regions. North
America Europe Asia-Pacific
Central, South America and Caribbean The
Middle East
Africa
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