Global Glow Plugs Market was valued at US$ XX in 2017 and is expected to reach US$ XX by 2026, at a CAGR of XX % during a forecast period.
Glow plug are made to heat more quickly and then self-stabilize at the correct temperature. This type of plug is more resistant to misuse, as it prevent overheating of the main coil and allows longer post glow periods, giving cleaner exhaust emissions New car buyers are continuing to change their allegiance from spark ignition to compression ignition vehicles, and it wonâ€™t be long before diesel cars start outselling petrol cars. Growing acceptance is supporting the manufacturers to develop and meet the demand for efficient Glow Plugs.
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Based on the Technology, Ceramic segment is expected to hold the largest share in the market during the forecast period. Ceramic sensors are been widely used in the development of advanced monitoring systems. Ceramics materials are incorporated into automotive designs when demanding conditions require a material that is robust and reliable. In trends Ceramic materials allow to use in a variety of sensors, mechanical seals, ceramic bearings, and valves. High strength ceramic ideal for pump components like fuel injectors and high durability mechanical seals in engines are creating more growth in automobile sector. In Vehicle Type, Passenger Vehicle is also expected to lead the market growth.
The report provides details list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the Glow Plugs market are increasing automotive production, stringent emission norms, and rising demand for higher fuel efficiency. Manufacturers making long-term contracts with suppliers to reduce production costs is another factor, which will fuel the growth of the market. Engine downsizing, and increasing replacement interval for spark plugs are some of the notable trends observed in the market. Liquid fuels are significantly contributing to up-coming energy demands for glow plugs. Sensors are employed in automobiles to gauge a number of variables, including temperature, pressure, speed, and fuel level. Concerns data security and High system cost will act as a restraint to the market.
In terms of region, Asia pacific is expected to hold the largest share in the market during the forecast period. Automobile industry has a prominent future in Asia. Energy and fuel efficiency continue to be the drivers for growth. Increasing research and development projects for advanced technologies are creating better opportunity in glow plug market. Rising with rapid technological developments occurring in automotive industry which is anticipated to provide sufficient opportunities of growth. Asiaâ€™s brightest emerging stars will comprise India, Singapore, China and the Thailand, due to their populous and fast-growing economies.
The report includes a detailed study of Porterâ€™s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
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Scope of the Report for Glow Plugs Market
Global Glow Plugs Market, By Construction Type
Global Glow Plugs Market, By Technology Type
Global Glow Plugs Market, By Vehicle Type
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Glow Plugs Market, by Region
Middle East & Africa
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Key Players Operating in Glow Plugs Market
KLG Spark Plugs
Robert Bosch GmbH
Wellman Glow Plugs Co.
Autolite (Fram Group LLC)
Denso Auto Parts
Ningbo Glow Plug