Global
Spark Plugs Market Analysis 2017 Forecasts to 2022
Spark
Plugs are the device to transfer the electric current from ignition system to
combustion chamber of a vehicle. Stringent regulations & norms by
government regarding emissions & fuel efficiency and growth of automotive
industries are driving the market for spark plugs. Advanced spark plugs
improves cold starting and generates efficient combustion which in turn
increases the fuel efficiency and performance of the vehicles. Hot spark plugs
by product type contributes the largest share of the global spark plugs market.
Also, shift towards electric vehicles is restraining the growth of global
market for spark plug.
According
to the Market Research Future analysis, The
global Spark Plugs
market is expected to show a growth at CAGR of about 5.5% from 2016 to
2022.
Analysts state
that NGK Spark Plug Co. Ltd, Federal-Mogul
Corporation , Borgwarner Inc., Denso Corporation, Robert Bosch Gmbh, General
Motors (Acdelco Corporation), Delphi Automotive, Valeo, Weichai Power Co. Ltd.,
and UCI-Fram Autobrands (Autolite) are some of the major companies
operating in this business market.
...Continued
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