Global Ignition Coil Market, By Type (Compression Ignition, Spark Ignition, Battery, Others), Component (Spark Plug, Ignition Coil, Capacitor, Others), Vehicle Type (LCV, HCV, Passenger Cars), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ignition Coil Market
The ignition coil market will reach at an estimated value of USD 4,079.55 million and grow at a CAGR of 4.45% in the forecast period of 2021 to 2028. Rise in the automotive production and vehicle parc is an essential factor driving the ignition coil market
Ignition coil is defined as an induction coil in an automobile’s ignition system, and is used to transform the battery’s low voltage to thousands of volts required to create an electric spark. Automotive ignition coils also called spark coils and play an important role in the efficient and smooth operation of the engine.
Increase in the automotive production and vehicle parc is a crucial factor accelerating the market growth, also rise in the strict regulatory norms for emission and fuel efficiency, increase in the urbanization, rise in per capita income and standard of living, rise in the emphasis on sustainability and the increase in the demand for lower fuel consumption and lower emissions for protecting the environment and preventing air pollution are the major factors among others boosting the ignition coil market. Moreover, rise in the research and development activities in the market and rise in the demand from emerging economies will further create new opportunities for ignition coil market in the forecast period mentioned above.
However, growing stringent regulation is the major factor among others restraining the market growth, and will further challenge the ignition coil market in the forecast period mentioned above.
This ignition coil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ignition coil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ignition Coil Market Scope and Market Size
The ignition coil market is segmented on the basis of type, component and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the ignition coil market is segmented into compression ignition, spark ignition, battery and others.
- Based on component, the ignition coil market is segmented into spark plug, ignition coil, capacitor and others.
- The ignition coil market is also segmented on the basis of vehicle type into LCV, HCV and passenger cars.
Ignition Coil Market Scope Country Level Analysis
The ignition coil market is analysed and market size, volume information is provided by country, type, component and vehicle type as referenced above.
The countries covered in the ignition coil market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the ignition coil market due to rise in the strict regulatory norms for emission and fuel efficiency, increase in the urbanization and rise in per capita income and standard of living in this region.
The country section of the ignition coil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ignition Coil Market Share Analysis
The ignition coil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ignition coil market.
The major players covered in ignition coil market report are MARSHALL ELECTRIC, CORP, BorgWarner Inc, Continental AG, DENSO CORPORATION, Hitachi Automotive Systems Americas, Inc, Standard Motor Products, Inc, Mitsubishi Electric Corporation, NGK SPARK PLUG CO., LTD., Nissan, Robert Bosch GmbH, ACDelco, Toyota, Valeo and WOODWARD INC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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