Automotive spark and glow plugs Market – Insights On Growing Applications by 202
Posted by Ethan on June 7th, 2019
According to Trends Market Research (TMR) report, titled “Automotive spark & glow plugs Market by 2026”, the global automotive spark & glow plugs market is projected to exhibit moderate CAGR, accounting for US$ XX billion in the forecast period from 2018 to 2026.
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The global automotive spark & glow plugs market is categorized into product, sales channel, vehicle and regions. Based on product type, the global automotive spark & glow plugs market is fragmented into cold spark plug, ceramic glow plug, hot spark plug and metal glow plug. Among these, the segment of ceramic glow plug is projected to grow at relatively higher CAGR in the forecast period from 2018 t 2026. In addition, the market growth of ceramic glow plug segment is mainly driven by growing diesel engines demand in several developing countries viz. Mexico, China, Brazil etc.
Regionally, the segmentation is done into North America, Europe, APAC, Latin America and Middle East & Africa (MEA). Among regions, the MEA market in terms of volume is projected to grow at maximum CAGR of XX% over the forecast period. Also, the APAC region is estimated to remain dominant and exhibit 47.2% volume share by the end of 2026 in the global market for automotive spark & glow plugs. While in terms of volume, the Europe region is projected to show slow market growth over the forecast period and by the end of 2018, it will exhibit XX% of value share. Moreover, in terms of revenue, the Latin America region is anticipated to expand at a CAGR of XX% in the coming six years.
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About the AuthorEthan
Joined: April 22nd, 2019
Articles Posted: 165
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