This research report scrutinizes the Automotive aftermarket for spark plugs industry, with a focus on top firms in the industry such as Bosch, DENSO, and Valeo. Other Prominent Vendors in the market are: Autolite, Federal Mogul, HELLA, Magneti Marelli, and NGK Spark Plugs.
MRC Announces the Publication of its Research Report – Global Automotive Aftermarket for Spark Plugs 2017-2021
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Commenting on the report, an analyst from MRC’s team said: “One trend in the market is growing preference for platinum and iridium spark plugs. There has been a growing preference for platinum and iridium spark plugs among OEMs.
The demand has also been witnessed in the lower segment vehicles too. Earlier, platinum and iridium spark plugs were mainly used in luxury segment, however now it is being adopted in the mass-selling vehicles too.”
According to the report, one driver in the market is rise in the demand for direct-injection vehicles will lead to early replacement of spark plugs.
In gasoline-direct injection (GDI) engines, the air-fuel mixture is directly formed in the combustion chamber. The high-pressure fuel pump injects the fuel along with the incoming fresh air into the combustion chamber.
The GDI engines operate at high-pressure of up to 200 bars. Earlier, gasoline engines were port engines, but gradually there has been increasing inclination toward the use of the direct injections due to fuel economy benefits and reduction in carbon emission and growing stringent emission norms.
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Further, the report states that one challenge in the market is rise in the sales for battery electric vehicles. The rise in the sales of battery electric vehicles is a deterrent for the automotive aftermarket for spark plugs market because spark plugs are not used in the battery electric vehicles.
The sales of the battery electric vehicles started peaking since 2014. In 2016, there were multiple factors that influenced the sales of battery electric vehicles.
The most important factor was the intent of the government to promote sales of battery electric vehicles. The governments across the globe nurture the battery electric vehicles market to curb carbon emission.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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