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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.

Key Market Driver -

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

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.

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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

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