What is Glow Plugs Market Scope?
A glow plug is a heating device which is used to start diesel engines. In cold climate, the high speed diesel engines faces trouble to start, since the mass of cylinder block and cylinder head absorb the heat of compression, preventing ignition, which relies on that heat. The direct-injected engines have glow plugs inside the combustion chamber whereas, the pre-chambered engine uses the tiny electrical heaters that is within the pre-chambers glow plugs. The glow plug is a pencil-shaped part of metal with a heating element at the tip. Further, this heating element, when electrified, heats due to its electrical resistance and begins to emit light in the visible spectrum. The global glow plug market is expected to witness a significant growth owing to increasing production and sales of new vehicles across the globe.
Influencing Trend:
Technology Advancement Such as Innovation of Pressure Sensor Glow Plugs for Diesel Engines
Market Growth Drivers:
Increasing Production and Sales of New Vehicles and Urbanization and Increasing Demand for Mobility in Developing Economies
Challenges:
Declining Profit Margins of Auto Parts
Restraints:
Rising Sales of Electric Vehicles
Opportunities:
Increasing Demand for Performance Cars and Commercial Vehicles in Emerging Markets
The Glow Plugs market study is being classified by Type (Coil and Pensil), by Application and major geographies with country level break-up.
The companies are exploring the market with new fashion, styles, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Glow Plugs market throughout the predicted period.
NGK Spark Plug (Japan), Robert Bosch GmbH (Germany), Wellman Glow Plugs Co. (United Kingdom), ACDelco (United States), Autolite (United States), Delphi Auto Parts (United States), Federal-Mogul Powertrain (United States), Valeo (France), Kyocera (Japan) and Diesel Rx (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ningbo Tianyu (China), Ningbo Glow Plug (China) and Eyquem (France).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Glow Plugs market by Type, Application and Region. On the basis of Type, Coil are dominating the market in the year 2022 where as Pensil stood as second largest market share.
On the basis of application, Heavy Commercial Vehicles segment is dominating the market in the year 2022 where as Passenger Vehicle segment stood as second largest market.
On the basis of geography, the market of Glow Plugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On May 11, 2018, Autolite, an industry leader in spark plug technology, is pleased to announce the renewal of its partnership with Wing It Motorsports
In February 2020, Tata Daewoo Commercial Vehicle Company Ltd announced its plans to strengthen its truck lineup in South Korea. In the next five years, Tata Daewoo may launch more than three light truck models, weighing 2.5 metric tons to 3.5 metric tons per vehicle.
Key Target Audience
Manufacturers of glow plugs, Suppliers of glow plugs parts, Wholesalers, distributors, and retailers of glow plugs, Automotive industry, Governmental bodies and Research firms
Glow Plugs Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Glow Plugs Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Glow Plugs industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.