Spark Plug Accessories Market: Introduction
Spark Plug Accessories is a necessary component for all gasoline driven vehicles used in the fuel ignition system. Spark plug generates an electric spark which ignites the air fuel mixture present inside the combustion chamber. Spark plug accessories includes boots, wires, caps, ignition coils, thumb nuts and socket. In two wheelers only one spark is used in the engine more commonly. However, motorcycles with DTSI (Digital Twin Spark Ignition) engine technology are gaining significant traction across the globe. In four wheelers the number of spark plugs per vehicle depend on the number of cylinder used in the engine. Owing to increasing automotive production and fleet, the demand for Spark Plug Accessories is estimated to increase at a significant pace. This, in turn, is expected contribute to the growing market of Spark Plug Accessories across the globe.
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Spark Plug Accessories Market: Dynamics
The sales of Spark Plug Accessories is directly or indirectly dependent on the production and fleet of automotive and motorcycles. Growing demand for passenger cars in several developing countries is estimated to propel the demand for spark plug accessories during the forecast period. Spark plug accessories have a short operational life due to extreme conditions in which they operate. These plugs usually need to be replaced frequently, as worn out plugs can cause high fuel consumption due to incomplete combustion of fuel, poor starting, and poor acceleration during high speed driving. There is no set time frame for replacement of spark plug accessories. However, the recommended replacement time for conventional spark plug is at a mileage of every 30,000 to 45,000 miles. This in turn is estimated to fuel the demand for spark plug accessories in the aftermarket sales channel segment.
Increasing urban population, incentives for electric vehicles, decreasing battery prices, strengthening transportation infrastructure is estimated to be few factors for the growing traction towards electric vehicles particularly in the developed countries in Europe and North America. As spark plug accessories are not used in electric cars, this acts as a significant restraint for the spark plug accessories market.
The ongoing trend gaining momentum in the global Spark Plug Accessories market is the use of iridium and other high performance electrode material in the spark plugs, owing to its better efficiency and higher heat and electrical conductivity. Iridium spark plugs are being used in new model engines of automotive and motorbikes. Increased sales of automobiles and two wheelers is anticipated to fuel the demand for iridium spark plugs during the forecast period.
Spark Plug Accessories Market: Regional Outlook
Spark Plug Accessories market depends upon the performance and sales of end use applications such as passenger cars, light commercial vehicles, heavy commercial vehicle and two wheelers across all the regions, Asia Pacific, North America and Western Europe owing to have significant production rate for automotive industry, will draw the major market share in the current and upcoming years. The potential of the market in Middle East and Africa, Latin America and Eastern Europe region will be on the slowest side from all the others region due to low manufacturing activities in the automotive sector and lack of reliable, robust supply chain
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Spark Plug Accessories Market: Key Participants
Examples of some of the market participants identified across the value chain of the global Spark Plug Accessories market include:
- Lectric Limited
- ACDelco
- Federal-Mogul Motorparts LLC (Champions Auto Parts)
- Holley Performance Products
- NGK Spark Plugs
- Pertronix Ignition Products
- Taylor Cable Products, Inc.