Automotive Spark Plug Market 2030: The Importance of Spark Plug Maintenance for Vehicle Longevity
The automotive spark plug market size is expected to reach USD 5.89 billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is driven by advanced technologies and Advancements in technology and the performance of high-performance engines. Modern engines require more efficient and reliable spark plugs to ensure optimal performance and fuel efficiency. Innovations such as iridium and platinum spark plugs, which offer better durability and performance compared to traditional copper spark plugs, are becoming increasingly popular. These high-tech spark plugs support the trend towards more enhanced and high-performance automotive engines.
Increasing consumer awareness and preference for quality automotive components drive market growth. Consumers are becoming more conscious of the significance of efficient spark plugs in ensuring the longevity and performance of their vehicles. This awareness translates into a preference for premium spark plugs that offer better performance, efficiency, and durability, thereby driving demand for advanced spark plug technologies and having cascading effects on the market’s growth.
Gather more insights about the market drivers, restrains and growth of the Automotive Spark Plug Market
Rising emphasis on fuel efficiency and stringent emission regulations globally is another critical factor. Governments worldwide are implementing stricter emission norms to combat environmental pollution. Spark plugs that enhance combustion efficiency and reduce emissions are in high demand, as they help automakers comply with these regulations. This regulatory pressure is pushing manufacturers to invest in advanced spark plug technologies that contribute to cleaner and more efficient engine performance.
In addition, the growth of the automotive aftermarket sector significantly influences the market. With the increasing average age of vehicles on the road, there is a growing need for maintenance and replacement of parts. Spark plugs, being a vital component of the ignition system, often require regular replacement to maintain engine performance. The robust aftermarket segment ensures a steady demand for spark plugs, supporting market growth.
Automotive Spark Plug Market Report Highlights:
- Based on product, the hot spark plug segment accounted for the largest revenue share of 52.7% in 2023. The segment’s growth is driven by its extensive use of various gasoline engines, particularly in small vehicles and motorcycles
- Based on vehicles, the passenger vehicle segment held the largest revenue share in 2023, primarily due to the widespread use of passenger cars globally
- Based on the sales channels, the OEM segment dominated the market in 2023, driven by its critical role in vehicle manufacturing and the emphasis on quality and reliability
- North America automotive spark plug market is expected to grow at a CAGR of 4.0% from 2024 to 2030, driven by the region’s established automotive industry and the continuous demand for passenger and commercial vehicles.
Browse more reports published by Grand View Research.
- Degaussing System Market Size, Share & Trends Analysis Report By Component (Power Supplies, Degaussing Coils), By Solution, By Vessel Type (Small Vessels, Medium Vessels), By End Use, By Region, And Segment Forecasts, 2024 - 2030
- Passenger Cars Market Size, Share & Trends Analysis Report By Propulsion Type (ICE, Electric), By Vehicle Class (Luxury, Economy), By Type (Hatchback, MUV, Sedan, SUV), By Region, And Segment Forecasts, 2024 - 2030
List of Key Players in the Automotive Spark Plug Market
- Niterra Co., Ltd.
- Robert Bosch GmbH
- BorgWarner Inc.
- Tenneco Inc.
- General Motors Corp.
- Autolite (FIRST BRANDS GROUP LLC.
- Valeo
- Stitt Spark Plug Company
- KLG Spark Plugs
- E3 Spark Plugs
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Explore Horizon, the world's most expansive market research database
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian