Product ID: SQMIG45J2220
Global Spark Plug Market Size, Share, Growth Analysis, By Product(Spark Plugs and Glow Plugs), By Electrode Material(Copper, Platinum), By Sales Channel(OEM and Aftermarket), By Application(Two Wheelers and Four Wheelers) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2220 |
Region:
Global |
Published Date: March, 2024
Pages:
190
|
Tables:
111 |
Figures:
75
Global Spark Plug Market Insights
Global Spark Plug Market size was valued at USD 1,592.60 Million in 2022 and is poised to grow from USD 1,672.64 Million in 2023 to USD 2,949.39 Million by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).
A major trend is the increasing demand for more efficient fuel-efficient materials, which led to the development of new materials such as iridium and platinum A key factor is the growth of hybrid vehicles, with global demand for spark plugs are varied more than usual petrol engines are built on more efficient and cleaner combustion engines. A new spark plug has played an important role in improving engine performance and reducing emissions.
Furthermore, engine manufacturers are constantly working to develop more fuel-efficient engines. Advances in spark plugs improved engine performance and fuel economy, making them increasingly important in achieving these goals.
Global Spark Plug Market Report Snapshots
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