"Market Intelligence for High-Geared Performance"

Automotive Glow Plugs Market Size, Share & Industry Analysis, By Product Type (Metal Glow Plugs, Ceramic Glow Plugs), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Car, Commercial Vehicle) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105812 | Status : Ongoing

 

KEY MARKET INSIGHTS

The glow plug provides ignition for the fuel/air mixture. It is a heating device used to start diesel engines similar to a spark plug in a Petrol engine. However, glow plugs cannot be used with an engine running on Petrol. As there is no spark to ignite the fuel, thus for diesel engines, it is difficult to start, especially in cold weather; therefore, for improved starting, diesel engines are often equipped with glow plugs. These glow plugs have a small wire component that becomes red-hot when connected to an electrical source. The battery heats the glow plugs, which further heats the fuel as it enters the cylinders due to preheating of the fuel drops its ignition point to improve starting.


High demand for commercial vehicles, long-term business contracts of spark and glow plug manufacturers with suppliers to reduce production costs, stringent emission norms and rising demand for high fuel efficiency these factors will propel the market growth during the forecast period.However, The growing popularity of the EV market might hamper the market growth  during the forecast period.

Up Arrow

Key Market Driver -

High Demand for Commercial Vehicles, increased concerns about the environment and stringent emission standards will drive the growth of the market

Down Arrow

Key Market Restraint -

The growing popularity of the EV market may restrain the growth of the market


Market Segmentation:


The Automotive Glow Plugs market is segmented By Product Type (Metal Glow Plugs and Ceramic Glow Plugs), By Sales Channel (OEM and Aftermarket), By Vehicle Type (Passenger Car and Commercial Vehicle), and by Geography.

The Automotive glow plugs market is classified as metal glow plugs and ceramic glow plugs by product type. Ceramic glow plugs are manufactured to perform under the most extreme conditions. Compared to a metal glow plug, ceramic glow plugs have a more powerful ceramic heating element encased in a ceramic insulator. Ceramic manufacturing can lower the cost by almost 50% for many applications by eliminating or reducing the cost of complex machining using diamond tooling. Hence ceramic glow plug currently holds the largest market share and is expected to register the highest CAGR in the automotive glow plugs market throughout the forecast period.

By Sales Channels, the market is segmented into OEM and Aftermarket. OEM is a company whose goods are used as components in another company's products, selling the finished item to users. The aftermarket channel refers to the buying and selling of parts or equipment for a product after the initial product was manufactured and sold. Currently, OEM’s hold a more prominent position than the aftermarket sales channel, as the automobile companies are the ones to manufacture and fit the glow plug in the vehicle. However, with more private players engaging in this industry, players will provide glow plugs. Hence the aftermarket is anticipated to exhibit steady growth.

By Vehicle Type, the market is segmented into passenger cars and commercial vehicles. Demand for automotive glow plugs is highest in commercial vehicles. The segment is likely to grow at the highest CAGR throughout the forecast period. Furthermore, the rising concerns about environmental pollution encourage the governing bodies to curb emissions occurring from commercial vehicles. This is likely to drive the demand for glow plugs in market.

Key Players:


Major players operating in the global Automotive Glow Plugs market are NGK Spark Plug Co. Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch GmbH, Borgwarner Inc., Weichai Power Co., Ltd., Valeo SA, ACDelco Corporation, and Magneti Marelli Aftermarket N.A.

Key Insights



  • New Advancements in Automotive Glow Plugs Market

  • Number of Products, Key Countries, 2021

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the Automotive Glow Plugs market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

Asia Pacific is expected to exhibit a higher CAGR during the forecast period due to the increased production of vehicles in the region and demand for higher automotive components. China and India are the key markets in the Asia Pacific as all significant automakers have their production sites located in the country and are prominent exporters of vehicles across the globe. Owing to the rapid growth in the adoption of lightweight vehicles, the Asia Pacific is projected to attain a leading position on the market.

Europe holds the second-largest position in the market, of which Germany ranks first in this regional market as major auto manufacturers are situated. According to Eurostat, about 75% of inland cargo transports within the European Union, which translates to about 1,750 billion metric ton-kilometers, takes place by road. As a result, the demand for commercial vehicles and glow plugs has been continually increasing in the region, owing to the growing logistics industry and the increasing usage of light commercial vehicles, such as vans (for ride-hailing services).

North America region is anticipated to be the third-largest position in the Global Automotive Glow Plugs Market due to the increasing demand for a fuel-efficient commercial fleet. However, the growing popularity of EVs is likely to hamper the development of the market in the region during the forecast period.

The rest of the world consists of Latin America, the Middle Eastern, and the African region. The Latin American region is expected to contribute significantly to its growth due to its transportation and logistics industry.

To gain extensive insights into the market, Request for Customization


Segmentation


























  ATTRIBUTE

  DETAILS

By Product Type



  • Metal Glow Plugs

  • Ceramic Glow Plugs



By Sales Channel



  • OEM

  • Aftermarket



By Vehicle Type



  • Passenger Car

  • Commercial Vehicle



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Toshiba
KIA
Hyundai
Bosch
Deloitee
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X