Automotive Ignition Coil After market Research Report - Global Forecast to 2027

Global Automotive Ignition Coil After Market Research Report: Information by Product (Pencil Ignition Coil, Electronic Distributor Coil, Double Spark Coil, Can-Type Ignition Coil, Ignition Coil Rail), by Vehicle Type (PC, LCV, HCV) and Region - Forecast till 2027

ID: MRFR/AM/6243-CR | April 2019 | Region: Global | 177 pages

Please note that the assessment period of report has been updated from 2017-2025 to 2020-2027. Cordially fill the sample form for updated data

Market Overview


Global automotive ignition coil aftermarket is expected to grow at a 5.50% CAGR, in terms of value and 4.93% CAGR, in terms of volume, during the forecast period. The global automotive ignition coil aftermarket is expected to witness substantial growth during the forecast period. Asia-Pacific is expected to be a prominent region in the automotive ignition coil aftermarket due to growing automobile manufacturing industry, especially in countries such as China, India, and Malaysia. Along with this, the increase in demand for efficient engines and the growing popularity of reduced engine size are factors that are leading to the improvement in product specification, owing to the development of new technologies, easpecially in Asia-Pacific and Europe are some of the factors that are expected to drive the automotive ignition coil aftermarket during the forecast period.


In 2017, Asia-Pacific held the second largest market share in the global automotive ignition coil aftermarket. The presence of global automotive component manufacturers, that have established their production plants and distribution networks in the region, especially in China, Japan, and India, will increase the demand for automotive ignition coils in the region during the forecast period.


Segmentation


The global automotive ignition coil aftermarket is segmented based on product and vehicle type. On the basis of product, the global automotive ignition coil aftermarket is segmented into pencil ignition coil, ignition coil rail, electronic distributor coil, can-type ignition coil, double spark coil, and others. The pencil ignition coil segment is expected to dominate the market, owing to the increasing adoption of pencil ignition coils by premium automobile manufacturers. This is anticipated to create opportunities for aftermarket players that are engaged in the manufacturing and retailing of auto parts and components.


On the basis of vehicle type, the global automotive ignition coil aftermarket is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is expected to hold the maximum market share, owing to continuous increase in demand for passenger vehicles.


Regional Analysis


On the basis of region, the global automotive ignition coil aftermarket is segmented into Asia-Pacific (APAC), Europe, North America, and the rest of the world.


Global Automotive Ignition Coil Aftermarket, by Region, 2017 Automotive Ignition Coil Aftermarket, by Region


Source: MRFR Analysis


The growth of the auto component manufacturing industry in Asia-Pacific is mainly driven by the growing automobile manufacturing industry, especially in countries, such as China, India, and Malaysia. Additionally, the growth of the region can be attributed to the increase in adoption of second-hand passenger cars. The aftermarket in Asia-Pacific is also expected to grow during the forecast period owing to the increasing investment form international players in the automotive aftermarket.


China has the largest contribution in the automotive aftermarket in Asia-Pacific, in terms of revenue and volume. The continuously rising demand for commercial vehicles, along with the rising sale of passenger cars have led the government to introduce many policies for the benefit of automobile OEMs and the aftermarket. These policies include rules related to import restraints, export requirements, and subsidies. The original equipment suppliers in the country are allowed to sell their products directly to consumers and non-authorized dealers, which encourages higher competition levels and allows component manufacturers more access to aftermarket sales.


Synopsis


The global automotive ignition coil aftermarket has been segmented on the basis of product, vehicle type, and region. On the basis of product the global automotive ignition coil aftermarket is segmented into pencil ignition coil, ignition coil rail, electronic distributor coil, can-type ignition coil, double spark coil, and others. The pencil ignition coil segment is expected to account for the largest market share, with 7.03% CAGR during the forecast period. Pencil ignition coils are directly mounted on spark plugs and are directly connected to the spark plug, on which a high voltage impulse is generated directly, which is extremely important in modern engines.


Key Competitors


The key players of global automotive ignition coil aftermarket are NGK SPARK PLUG CO., LTD (Japan), Wells Vehicle Electronics (US), Denso Corporation (Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Hitachi Automotive Systems, Ltd (Japan), Standard Motor Products, Inc. (US), Valeo (France), ACDelco (US), Beru (Germany), and Spectra Premium (Canada).


Market Segmentation



  1. By Product – Pencil Ignition Coil, Ignition Coil Rail, Electronic Distributor Coil, Can-type Ignition Coil, Double Spark Coil, and Others

  2. By Vehicle Type – Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle


Key Questions Addressed by the Report



  • What was the historic market size (2017)?

  • Which segmentation (Capacity/Type/Application is driving market?

  • What will be the growth rate by 2025?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5.50% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Vehicle Type, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   NGK SPARK PLUG CO., LTD (Japan), Wells Vehicle Electronics (US), Denso Corporation (Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Hitachi Automotive Systems, Ltd (Japan), Standard Motor Products, Inc. (US), Valeo (France), ACDelco (US), Beru (Germany), and Spectra Premium (Canada).
  Key Market Opportunities    New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Increase in adoption of second-hand passenger cars
  • Increasing investment form international players in the automotive aftermarket.


  • Frequently Asked Questions (FAQ) :


    The automotive ignition coil aftermarket market can thrive at 5.50% CAGR by 2025.

    By 2025, the automotive ignition coil aftermarket can value at considerably high amount.

    Hitachi Automotive Systems, Ltd (Japan), Valeo (France), Standard Motor Products, Inc. (US), ACDelco (US), Spectra Premium (Canada), and Beru (Germany) are some reputed names in the automotive ignition coil aftermarket market.

    Pencil ignition coil, electronic distributor coil, ignition coil rail, double spark coil, and can-type ignition coil are some automotive ignition coil aftermarket products.

    The increase in the incorporation of automotive ignition coil in heavy commercial vehicle is expected to spur the market in APAC.