The global automotive ignition coil market is anticipated to grow significantly at a CAGR of 4.1% over the forecast period (2021-2028). The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2020, DENSO Products and Services Americas, Inc., expanded its line of aftermarket ignition coils.
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The COVID-19 pandemic has affected the economies of the countries across the globe. Many suppliers and manufacturers suffered from a substantial loss and face the limited availability of resources throughout the year, which had a negative impact on their business operations. Moreover, the market players are highly dependent on China for the supply of raw materials for the engine system and other automotive products, and travel restrictions have resulted in the delays in the shipments of the products.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Automotive Ignition Coil Market– Segmentation
By Type
- Conventional
- Electronic
- Distributor-less(DIS)
- Coil-on-plug(COP)
by Distribution Channel
- OEM
- Aftermarket
Global Automotive Ignition Coil Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive ignition coil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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