automotive ignition Market 2019 Size, Trends, Growth, Outlook and Forecast to 2025

25/nov/2019 13:19:10 Automotive Market Research Reports Contatta l'autore

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Automotive Aftermarket Ignition Coil is anticipated to reach a valuation of USD 5,973.3 Mn at a CAGR of 4.93% in terms of volume and 5.50% in terms of value over the forecast period of 2019-2025, according to Functional depth analysis latest report on  global automotive ignition coil aftermarket by product, region type analysis with forecast till 2025, released by Market Research Future.

According to the latest report Global Automotive Ignition Coil Aftermarket Research Report: Information by Product (Pencil Ignition Coil, Electronic Distributor Coil, Double Spark Coil, Can-Type Ignition Coil, Ignition Coil Rail), by Vehicle Type (PC, LCV, HCV) and Region With Forecast till 2025, released by Market Research Future Automotive Ignition Coil Aftermarket is anticipated to reach valuation of USD 5,973.3 Mn at a CAGR of 4.93% during forecast period of 2019 to 2025.     

Automotive Ignition Coil Aftermarket Competitive Landscape

Beru (Germany), Wells Vehicle Electronics (US), Standard Motor Products, Inc. (US), Robert Bosch GmbH (Germany), Delphi Technologies (UK), Hitachi Automotive Systems, Ltd (Japan), Valeo (France), NGK SPARK PLUG CO., LTD (Japan), Spectra Premium (Canada), BorgWarner Inc. (US), ACDelco (US), and Denso Corporation (Japan) are some of the prominent players in the automotive ignition coil aftermarket.

Get Free Sample "Automotive Ignition Coil Aftermarket Research Report-Global Forecast till 2025" At:

https://www.marketresearchfuture.com/sample_request/7712

Automotive Ignition Coil Aftermarket  Overview:

Ignition coil failure caused two to prolonged usage, is among the common engine faults which can hinder fuel efficiency and performance gains. If not replaced, ignition coils can result in a misfire. The global automotive ignition coil aftermarket is anticipated to reach valuation of USD 5.973.3 Mn at a CAGR of 4.93% in terms of volume and 5.50% in terms of value over the forecast of 2018-2025, asserts Market Research Future (MRFR) in its latest study.

Growing sales of automobiles across the globe is the primary factor of the growth of the automotive ignition coil aftermarket. Economic progress in various countries has led to increased purchasing power of consumers which has, in turn, the automotive ignition coil aftermarket. Increased sales of vehicles globally along with a general shift in preference from mileage-centric to feature-loaded vehicles are fostering growth of the market.

Stringent government regulations Strict norms have resulted in increased demand for higher ignition voltage, which leads to shift towards modern ignition coils which boosts the growth of the aftermarket.

Easy availability of automotive parts. In addition, technological progress in ignition coils leads to the replacement of traditional ones with improved versions. Other factors include the burgeoning sales of refurbished vehicles which require servicing and replacement of old automotive components.

On the contrary, the growth of the market can be hampered by the rising sale of fully electric cars which do not require ignition coils.

Automotive Ignition Coil Aftermarket Segmentation

The global automotive ignition coil aftermarket has been segmented based on product and vehicle type.

By product, the automotive ignition coil aftermarket has been segmented into pencil ignition coil, coil ignition coil The pencil ignition coil segment is anticipated to capture the largest share of the market over the forecast period. The growth in the number of premium cars. The growth in the number of premium cars.  

The vehicle ignition coil aftermarket has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car is a vehicle for passenger vehicles.

Automotive Ignition Coil Aftermarket Regional Analysis

By region, the automotive ignition coil aftermarket has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The APAC led the automotive ignition coil aftermarket in 2017 with a share of 37.27% and Europe and North America followed with respective CAGRs of 29.96% and 24.36%. The same growth pattern and likely to be continued over the forecast period.

The APAC market is driven by a variety of factors, including the investment in the APAC region from international automotive players. Companies such as Denso Corporation, Hitachi Automotive Systems, Ltd, and NGK Spark Plug Co., Ltd., which are engaged in the manufacturing of premium automotive components are present in the APAC region to capitalize on the opportunity provided by augmenting consumer needs . The prolific growth of the automotive industry and the presence of a robust automotive manufacturing base Moreover, economic upturn and expansion of spending capabilities have resulted in increased sale of premium as well as secondhand cars. This has induced high demand within the automotive ignition coil aftermarket.

China is the most significant contributor to the APAC aftermarket automotive ignition coil., Both in terms of revenue and volume. Favorable policies in the region created to lead to growth of the market.

Taste the market data and information presented through more than 160 market data tables and 30 figures spread over 147 numbers of pages of the project report. The in-depth table of content TOC & market synopsis on “The Global Automotive Ignition Coil Aftermarket Research Report - Forecast to 2025


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