Global Ignition Coil Market Information Report by Type (Compression Ignition, Spark Ignition, Battery, Others), By Component (Spark Plug, Ignition Coil, Capacitor, Others), By Vehicle Type (LCV, HCV, Passenger Cars) and By Region - Global Forecast to 2023
The global market of ignition coil is growing rapidly. Technological advancement and heavy investments are helping both automotive glass manufacturers and consumers.
Major factors such as rising automotive production, government initiatives, and strengthening transportation infrastructure are some of the factors driving the market. The use of new and improved electronic ignition system provides lesser deposits and a much cleaner combustion than the conventional ignition system.
The global automotive ignition coil market is driven by continuous growth of global automotive production. The high growth in automotive production, especially in developing countries such as China, India and Mexico, is expected to spur the global ignition coil market.
Key Players of Ignition Coil Market:
- Robert Bosch GmbH (Germany)
- BorgWarner Ludwigsburg GmbH (Germany)
- Delphi Automotive PLC (UK)
- Denso Corporation (Japan)
- Federal-Mogul Corporation (US)
- Mitsubishi Electric Corporation (Japan)
- Hitachi Automotive Systems Americas, Inc. (U.S.)
- Wings Automobile Products Pvt. Ltd (India)
Market Research Future Analysis:
Market Research Future analysis show that the global market of ignition coil is estimated to grow at a CAGR of around 3.8 % by the end of year 2023. Demand for vehicles is consequently high in Asia-Pacific, with China and India projected as the most promising markets.
Lower manufacturing cost with cheap labor, advantage of location of production base and short-distance supply are some of the factors, which boost the market in Asia-Pacific.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Ignition Coil Market, By Type
4.1 Compression Ignition
4.2 Spark Ignition
5 Global Ignition Coil Market, By Component
5.2 Spark Plug
5.3 Ignition Coil
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