An electronic device which produces electric spark to burn petrol and run vehicle is called as spark plug. Also, a heating device which generates heat to burn diesel is called as glow plug. Glow plug plays an important role in cold condition to start the diesel engine by heating the coil.
Increasing sale of vehicle across the globe is a major factor driving growth of the global spark plug and glow plug market. Also, technological advancements in spark plug design is expected to support growth of the target market.
Moreover, rising demand for fuel efficient vehicles due to continuous increase in fuel price around the globe is another factor supporting growth of the global spark plug and glow plug market. In other target market growth supporting factor includes, stringent norms related to air pollution causing by vehicles and increasing spark plug and glow plug replacement for better fuel efficiency.
The global spark plug and glow plug market has been segmented on the basis of plug type and region.
On the basis of plug type, the global spark plug and glow plug market has been segmented into spark plug and glow plug. The spark plug segment is further categorized into hot plug and cold plug, also the glow plug segment is further divided into metal glow plug and ceramic glow plug.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Asia Pacific contributes major market share and expected to maintain its dominance over the forecast period owing to high sales of vehicle in countries in the region.
Some prominent players in the global spark plug and glow plug market includes Federal-Mogul Corporation, Denso Corporation, NGK Spark Plug Co. Ltd., Robert Bosch Gmbh, Delphi Automotive, General Motors (Acdelco Corporation), UCI Fram Autobrands (Autolite), and Weichai Power Co. Ltd.