Global Automotive Glow Plug Market Revenue Projected Around USD 2,314.37 Million by 2026

26-Feb-2020 | Facts and Factors

Facts and Factors has authored “Automotive Glow Plug Market By Type (Metal Glow Plugs and Ceramic Glow Plugs) and By Application(Passenger Cars, HCVs, and LCVs): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”.

According to Facts and Factors Analysis, the Global Automotive Glow Plug market was valued at USD 1,856.99million in 2019 and is anticipated to foresee a significant double-digit growth of around 3.19% to generate revenues worth USD 2,314.37million by the end of 2026.

Browse the full “Automotive Glow Plug Market By Type (Metal Glow Plugs and Ceramic Glow Plugs) and By Application (Passenger Cars, HCVs, and LCVs): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/global-automotive-glow-plug-market-by-type-metal

The 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.

Regionally, Over the forecast period, Asia-Pacific is expected to dominate the global automotive glow plugs industry. Europe is projected to be the second-largest region, accounting for a bigger share of the world's total market value by the end of 2018. During the forecast period MEA automotive glow plugs demand is anticipated to grow in terms of value at the fastest CAGR.

Some of the essential players operating in the Global Automotive Glow Plug market, but not restricted to include BorgWarner, Bosch, Denso, NGK, Hidria, Hyundai Mobis, Federal-Mogul, MagnetiMarelli, Autolite, Kyocera, DieselRx, Wenzhou Bolin, Chognqing Le-Mark among others.

The taxonomy of the Global Automotive Glow Plug Market by its scope and segmentation is as follows:

Global Automotive Glow Plug Market: By Type Segmentation Analysis

• Metal Glow Plugs 

Global Automotive Glow Plug Market: By ApplicationSegmentation Analysis

• Passenger Cars
• HCVs
• LCVs

Global Automotive Glow Plug Market: Regional Segmentation Analysis

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

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