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Automotive Glow Plug Market Size, Share Global Analysis Report, 2023 – 2030

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Automotive Glow Plug Market Size, Share, Growth Analysis Report By Type (Metal Glow Plugs and Ceramic Glow Plugs) and By Application (Passenger Cars, HCVs and LCVs), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030

Industry Insights

[175+ Pages Report] According to the report published by Facts and Factors, the global Automotive Glow Plug market size was worth around USD 4120 million in 2022 and is predicted to grow around USD 5490 million by 2030 with a compound annual growth rate (CAGR) of approximately 4.19% between 2023 and 2030. The report analyses the global Automotive Glow Plug market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report analyses emerging opportunities in the Automotive Glow Plug market.

global-automotive-glow-plug-market-size

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This professional and specialized report study examines the technical and business perspective of the automotive glow plug industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the automotive glow plug market. The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall automotive glow plug market. The historical insights are provided from 2019 to 2021 and projected trends are provided from 2023 to 2030. The quantitative data is provided in terms of both volumes (Units) and value (USD Million) for 2020 – 2030. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

logoKey Insights from Primary Research

  • Our primary respondents believed the market to witness a steady growth of 3% over the forecast period on account of rising passenger traffic coupled with supportive governmental policies especially across some Asian and European countries.
  • Some of the CXOs predict the aftermarket segment to maintain its dominance throughout 2026 due to an increasing number of local and third-party vendors offering cost-effective and durable products than OEMs. However, they also conveyed that OEMs are now partnering with local and domestic players to increase their goodwill in the ever-competitive market ecosystem.
  • Some of the product managers interviewed in Asia-Pacific revealed that the third-party sales channel is expected to generate considerable revenues for the automotive glow plug industry. Reason being the increasing number of local vendors opting to serve larger contracts coupled with easy availability of raw materials.
  • Regionally, the Asia-Pacific region is expected to boost the global automotive glow plug market. Some of the interviewees said that their future plans are to focus majorly on catering the railway authorities of China and India. They believe that the Chinese and Indian automotive industries are expected to continue witnessing significant growths on account of the ever increasing population and increasing demand for efficient and comfortable transit.
  • The automotive and mechanical subject matter experts suggest investing in R&D activities to come up with newer, cheaper and more efficient glow plugs. They believe that these advanced systems will witness widespread acceptance across the value chain and even in the aftermarket.

logoKey Recommendations from Analysts

  • Our analysts recommend focusing on the Asia-Pacific automotive glow plug market since their calculations revealed that this region turned out to be the top investment pocket across the globe.
  • The major reason behind the surging growth and lucrative opportunities underlying in this region is the Increasing fuel costs and strict automotive emission standards.
  • Europe, on the other hand, is expected to foresee a robust growth of around 2% per annum. This is majorly attributed to the modernization of the older automotive infrastructure, deceasing production costs and upsurging profit margins.
  • The executive summary of the report reads the total incremental opportunity underlying in the global automotive glow plug market is nearly USD 397.2 million between 2020 and 2026.

logoAutomotive glow plug – Cost Structure

Global Automotive Glow Plug Market

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We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the automotive glow plug market in our study. Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the automotive glow plug market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the automotive glow plug market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the automotive glow plug market.

The research study provides a critical assessment of the automotive glow plug industry by logically segmenting the market on the basis of type, application and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the automotive glow plug industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

logoReport Scope

Report Attribute

Details

Market Size in 2022

USD 4120 Million

Projected Market Size in 2030

USD 5490 Million

CAGR Growth Rate

4.19% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

BorgWarner, Bosch, Denso, NGK, Hidria, Hyundai Mobis, Federal-Mogul, MagnetiMarelli, Autolite, Kyocera, DieselRx, Wenzhou Bolin, Chognqing Le-Mark, and Others

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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A glow plug is needed to provide fuel/air combination ignition comparable to a gasoline engine spark plug. With an engine running on Gasoline, though, glow plugs cannot be used. Since there is no spark to ignite the petrol, it is therefore difficult for a diesel engine to start particularly in cold weather so for easier starting, diesel engines are often fitted with glow plugs.

These glow plugs have a small wire part that becomes red-hot when attached to an electrical source and the battery heats the glow plugs and heats the fuel further as it reaches the cylinders due to preheating of the fuel lowers its ignition point to increase the starting point. Glow plugs are also responsible for rising friction, disturbance, and smoke pollution in diesel engines to ensure better drivability in cold weather, consistent with national standards as well as other regulations.

Increasing fuel costs and strict automotive emission standards are causing a change in consumer preference for passenger cars fuelled by diesel engines resulting in increased demand for the glow plug. Long-term business contracts with OEMs from fire & glow plugs suppliers help them cut production costs and upsurge profit margins, as well as protect them from raw material price fluctuations. Nonetheless, rising demand for electric vehicles is expected to hinder the growth of the global automotive glow plugs market during the forecast period due to increasing environmental awareness, fluctuating fuel prices, and continued tendency towards engine downsizing.

Based on type, the market is segmented into  Metal Glow Plugs and Ceramic Glow Plugs. The ceramic glow plug market is projected to grow during the forecast period at a comparatively higher pace of CAGR based on the product type. Growth in this segment is driven primarily by rising demand for diesel engines in developing countries like China, Mexico, and Brazil. Based on the application, the market is segmented into Passenger Cars, HCVs, LCVs.

logoSome of the essential players operating in the automotive glow plug market, but not restricted include:

  • BorgWarner
  • Bosch
  • Denso
  • NGK
  • Hidria
  • Hyundai Mobis
  • Federal-Mogul
  • MagnetiMarelli
  • Autolite
  • Kyocera
  • DieselRx
  • Wenzhou Bolin 
  • Chognqing Le-Mark 

The taxonomy of the automotive glow plug industry by its scope and segmentation is as follows:

logo By Type Segmentation Analysis

  • Metal Glow Plugs 
  • Ceramic Glow Plugs 

logo By Application Segmentation Analysis

  • Passenger Cars
  • HCVs
  • LCVs

logo Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

logoKEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

  • Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
  • Direct and Indirect Rationales Impacting the Industry
  • In-depth and Micro Analysis of Viable Segments and Sub-segments
  • Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
  • Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
  • Key Buyers and End-Users Analysis
  • Value Chain and Manufacturing Cost Structure Analysis wherever relevant
  • Key Marketing Strategies as well as Key Sales Channels adopted in the market
  • Investment Opportunity Analysis & Patents Analysis wherever feasible
  • Technological Road Map & Technical Analysis
  • Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)

Industry Major Market Players

  • BorgWarner
  • Bosch
  • Denso
  • NGK
  • Hidria
  • Hyundai Mobis
  • Federal-Mogul
  • MagnetiMarelli
  • Autolite
  • Kyocera
  • DieselRx
  • Wenzhou Bolin 
  • Chognqing Le-Mark