Automotive Glow Plug Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segment Analysis

Automotive Glow Plug Market was valued at US$ 3.02 Bn. in 2022 and the total revenue is expected to grow at 4.2% of CAGR through 2023 to 2029, reaching nearly US$ 4.03 Bn.

Automotive Glow Plug Market Overview:

The automobile glow plug is a key automotive component for diesel engines. The glow plug is a lifeline for diesel engines. To start the engine, it ignites the air-fuel combination in the combustion chamber. It includes a heating coil packed with ceramic powder in a metal tube with one end closed. The closed end projects into the combustion chamber from the cylinder head. When electrically activated, this section of the tube quickly achieves temperatures above 1000 degrees Celsius. The injector sprays the air-fuel mixture near the glow plug, which ignites the combustion. Glow plugs are essential components of diesel ignition systems automotive glow plug demand is expected to continue high during the forecast period, resulting in a gradual decline in global vehicle production in 2019, since the aftermarket channel has been consistently active in the company's sales. According to a survey road transport accounts for around 75% of inland cargo transports inside the European Union, or approximately 1,750 billion metric ton-kilometers (t km). In certain European countries, this percentage might reach 90% or more. As a consequence of the developing logistics industry and the increasing use of light commercial vehicles, demand for commercial cars, and therefore glow plugs from OEM and aftermarket channels, has been steadily increasing in the region. The report covered detailed analyses of market and aftermarket strategy planning by key market players and their development in the automotive glow plug market.Automotive Glow Plug MarketTo know about the Research Methodology :- Request Free Sample Report

Automotive Glow Plug Market Dynamics:

Supply chain analyses of the Automotive glow plug market Commercial vehicles are in great demand globally, and actions to repair, and maintenance are gaining momentum due to strong capacity utilization and profitability. The operators are being pushed to buy new commercial vehicles by the global freight demand's strength and stability as well as the expansion of the e-commerce sector. The general macroeconomic environment has been favorable, supporting fleet renewals and expansions at an accelerated rate with strong utilization and profitability across operators. Pickup truck demand has increased in recent years, particularly in North America and Europe, due to consumers' rising preference for multi-purpose utility and improved comfort. Automakers have started releasing new car models with improved performance and economy in recent years due to the segment's increased growth. For example, Ford introduced the 2021 F-150 pickup truck in June 2020. It included a hybrid model with new technologies, including a 12-inch screen, over-the-air upgrades, and a hands-free highway driving system, which was a segment first. Additionally, the new pickup vehicle is said to operate better and use less fuel. The COVID-19 pandemic and related lockdown, which halted vehicle manufacturing and sales operations in the majority of countries, were the main causes of the commercial vehicle market's fall in 2020. The market for commercial automobiles is expected to pick up again after FY21. Before COVID-19, commercial vehicle sales were increasing globally. For example, compared to the previous year, global commercial vehicle sales increased in 2018 and 2019 by 8.01% and 0.19%, respectively. Additionally, the regulating organizations are being pushed to take action to reduce emissions from commercial vehicles by growing environmental concerns. The demand for glow plugs promotes ineffective fuel combustion and improves vehicle fuel efficiency, which is drive the Automotive glow plug market growth. Raising sales of new or used cars in market The global automotive market has grown greatly as a result of increased new and used vehicle sales and a rise in vehicle average age. The growing number of cars in use and operation as well as the rising demand for aftermarket automotive parts and components are the main factors driving the aftermarket glow plug market. The used vehicle market considerably contributes to the aftermarket demand for parts and components, which is expected to drive the market over the forecast period, as dealers replace major elements that enhance the vehicle, particularly the engine's performance, before selling the cars.

Automotive Glow Plug Market Segment Analysis:

Based on Vehicle Type, the Automotive Glow Plug Market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Commercial vehicles held the largest market share during the forecast period. The commercial vehicle segment of the market is expected to increase faster than the passenger car segment. The category is growing largely as a result of rising global demand for commercial vehicles, notably in Asia-Pacific, the Middle East, and Africa, as well as higher penetration of diesel-powered engines in commercial vehicles than gasoline-powered engines. Commercial vehicle sales have increased significantly during the previous five years, and this trend is expected to continue over the forecast period. Commercial vehicles are used in a variety of sectors, including manufacturing, transportation of goods, and construction. As a result, it is expected that the development of these end-user sectors would boost demand for commercial vehicles throughout the forecast period. As governments in various countries are under pressure to reduce vehicle emissions to reach the emission target set forth in the Paris Agreement, diesel-powered passenger vehicles are being restricted in certain countries. For example, the United Kingdom has required that all diesel vehicles be removed from the road by the year 2040. In a similar manner, restrictions on diesel-powered passenger vehicles have been declared in Japan, China, Taiwan, Germany, Norway, India, and France. Such initiatives affect diesel car sales globally, which affects OEM suppliers' revenue from the glow plug market. However, it is expected that the demand for replacement glow plugs for operating passenger automobiles would remain strong over the forecast period due to the regular replacement of glow plugs. Based on the Type of plug, the Automotive Glow Plug Market is segmented into ceramic pluge and metal glow plug. Ceramic glow plug held largest market share in 2022. Over the forecast period, it is expected that the category would develop significantly, mainly Thanks to rising aftermarket customer demand. Because of its increased pre- and post-glow heating and high-temperature heating capabilities, ceramic glow plugs are attracting OEM customers. Because ceramic glow plugs cannot be utilized to replace metal glow plugs installed in older vehicle diesel engines, the demand for metal glow plugs is expected to remain stable over the forecast period. The four subcategories of metal glow plugs are standard sheathed-type glow plugs, rapid heat glow plugs, quick glow system sheathed-type glow plugs, and self-regulating sheathed-type glow plugs. A number of companies also provide metal glow plugs for the automobile aftermarket. Ceramic glow plugs are used in diesel engines to warm the intake fuel and enable compression ignition. Today, the majority of diesel engines employ ceramic glow plugs because they can heat up significantly faster than metal glow plugs. Ceramic glow plugs may heat up to 1500oC in the after-glow mode, which lowers the production of white smoke and improves engine performance. Therefore, it is expected that glow plugs would be important in allowing new-generation automobiles to meet their stringent emission standards. Because global warming is accelerating and automobiles are contributing an increasing amount of greenhouse gases to the atmosphere, the regulatory authorities are compelled to implement tough emission rules to limit automotive emissions. It is expected that the adoption of such stringent emission limits would occur during the forecast period. DENSO was the first OE manufacturer to offer ceramic glow plugs, improving ignition performance and lowering emissions in accordance with the new law. The company's idea was totally built of ceramic heating components. Because of the conductive nature of ceramic material, the heating element can sustain greater temperatures for a longer period of time. DENSO has been able to accurately control the temperature-raising characteristics of new ceramic glow plug components to increase temperatures more quickly, induce better combustion at high temperatures, and provide a longer shelf-life by continuously developing temperature control technology for glow plugs.

Automotive Glow Plug Market Regional Insights:

The Asia Pacific region dominated the market with a 49% share in 2022. China is one of the world's major manufacturers of automobiles. China's percentage of the world's auto output doubled from 13% in 2008 to 28% in 2019, throughout the eight-year period from 2008 to 2019. China saw a tremendous increase in automobile sales during this time, with the yearly growth rate fluctuating and peaking at 45% in 2009. However, since 2018, it has been contracting. With economic stimulus, the COVID-19 pandemic's impact on the Chinese vehicle market was reduced, with a 1.9% decline in sales recorded in 2020. Major corporations in the country are making investments to boost their manufacturing capabilities. For example, the commercial vehicle production facility for FAW Jiefang Automotive Co. Ltd. (FAW Jiefang) in the Sichuan Province city of Guanghan began construction in April 2021. With the capability to produce 100,000 commercial vehicles annually, the 552,000-square-meter building is most likely to be a manufacturing plant. The first phase of the project, which will cost CNY 1.6 billion, will have an annual capacity of 50,000 units. It is expected that the J6-series vehicles will be manufactured during the site's initial operational phase. The automotive industry is one of the backbones of the Indian economy and, to a large degree, one of its key sectors. For vehicles to be marketed after April 1, 2020, the Indian government established BS-VI standards. To stay competitive and increase market share, the producers of glow plugs are introducing the newest goods in order to comply with regulatory requirements. A new line of BS-6 Ready and BS-6 compliant glow plugs for diesel cars, for instance, was introduced in the country by NGK Spark Plugs India Private Limited in February 2020. Leading 2-wheeler and 4-wheeler OEMs in India depend on the firm as a major supplier of spark plugs, glow plugs, and oxygen sensors. NGK India has a commercial Industry.

Automotive Glow Plug Market Scope: Inquiry Before Buying

Automotive Glow Plug Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.02 Bn.
Forecast Period 2023 to 2029 CAGR: 4.2% Market Size in 2029: US $ 4.03 Bn.
Segments Covered: by Vehicle Type 1. Passenger Car 2. Commercial vehicles
by Seals Channel 1. OMEs 2. Aftermarket
by Type of plug 1. Metal glow plugs 2. Ceramic glow plug

Automotive Glow Plug Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Automotive Glow Plug Market, Key Players are

1. Bosch  2. Borgwarner 3. NGK 4. Denso 5. Federal-Mogul 6. Hyundai Mobis 7. Delphi 8. Magneti Marelli 9. Valeo 10. FRAMÂGroup 11. Kyocera 12. Hidria 13. YURA TECH 14. Acdelco 15. Ningbo Tianyu 16. Ningbo Glow Plug 17. Ningbo Xingci 18. Fuzhou Dreik 19. Wenzhou Bolin Frequently Asked Questions: 1] What segments are covered in the Global Automotive Glow Plug Market report? Ans. The segments covered in the Automotive Glow Plug Market report are based on Product Type and End User. 2] Which region is expected to hold the highest share in the Global Automotive Glow Plug Market? Ans. The Asia Pasific region is expected to hold the highest share in the Automotive Glow Plug Market. 3] What is the market size of the Global Automotive Glow Plug Market by 2029? Ans. The market size of the Automotive Glow Plug Market by 2029 is expected to reach US$ 4.03 Bn. 4] What is the forecast period for the Global Automotive Glow Plug Market? Ans. The forecast period for the Automotive Glow Plug Market is 2023-2029. 5] What was the market size of the Global Automotive Glow Plug Market in 2022? Ans. The market size of the Automotive Glow Plug Market in 2022 was valued at US$ 3.02 Bn.
1. Global Automotive Glow Plug Market Size: Research Methodology 2. Global Automotive Glow Plug Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Automotive Glow Plug Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Glow Plug Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Automotive Glow Plug Market Size Segmentation 4.1. Global Automotive Glow Plug Market Size, by Vehicle Type (2022-2029) • Passenger Car • Commercial vehicles 4.2. Global Automotive Glow Plug Market Size, by Seals Channel (2022-2029) • OMEs • Aftermarket 4.3. Global Automotive Glow Plug Market Size, by Type of Plug (2022-2029) • Metal glow plugs • Ceramic glow plug 5. North America Automotive Glow Plug Market (2022-2029) 5.1. North America Automotive Glow Plug Market Size, by Vehicle Type (2022-2029) • Passenger Car • Commercial vehicles 5.2. North America Automotive Glow Plug Market Size, by Seals Channel (2022-2029) • OMEs • Aftermarket 5.3. North America Automotive Glow Plug Market Size, by Type of Plug (2022-2029) • Metal glow plugs • Ceramic glow plug North America Semiconductor Memory Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Automotive Glow Plug Market (2022-2029) 6.1. European Automotive Glow Plug Market, by Vehicle Type (2022-2029) 6.2. European Automotive Glow Plug Market, by Seals Channel (2022-2029) 6.3. European Automotive Glow Plug Market, by Type of Plug (2022-2029) 6.4. European Automotive Glow Plug Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Glow Plug Market (2022-2029) 7.1. Asia Pacific Automotive Glow Plug Market, by Vehicle Type (2022-2029) 7.2. Asia Pacific Automotive Glow Plug Market, by Seals Channel (2022-2029) 7.3. Asia Pacific Automotive Glow Plug Market, by Type of Plug (2022-2029) 7.4. Asia Pacific Automotive Glow Plug Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Glow Plug Market (2022-2029) 8.1. Middle East and Africa Automotive Glow Plug Market, by Vehicle Type (2022-2029) 8.2. Middle East and Africa Automotive Glow Plug Market, by Seals Channel (2022-2029) 8.3. Middle East and Africa Automotive Glow Plug Market, by Type of Plug (2022-2029) 8.4. Middle East and Africa Automotive Glow Plug Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Glow Plug Market (2022-2029) 9.1. South America Automotive Glow Plug Market, by Vehicle Type (2022-2029) 9.2. South America Automotive Glow Plug Market, by Seals Channel (2022-2029) 9.3. South America Automotive Glow Plug Market, by Type of Plug (2022-2029) 9.4. South America Automotive Glow Plug Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Bosch 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Borgwarner 10.3. NGK 10.4. Denso 10.5. Federal-Mogul 10.6. Hyundai Mobis 10.7. Delphi 10.8. Magneti Marelli 10.9. Valeo 10.10. FRAMÂGroup 10.11. Kyocera 10.12. Hidria 10.13. YURA TECH 10.14. Acdelco 10.15. Ningbo Tianyu 10.16. Ningbo Glow Plug 10.17. Ningbo Xingci 10.18. Fuzhou Dreik 10.19. Wenzhou Bolin.

About This Report

Report ID 166305
Category Automotive and Transportation
Published Date April 2023
Updated Date
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