The global automotive ignition coil market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The factors contributing to the growth of the market include the growing number of e-commerce platforms across the globe, due to which the demand for automotive ignition coils has increased. The countries are reopening their international borders to trade freely, and there has been an increase in the freight and logistics activities, which fuel the growth of the global automotive ignition coil market. In addition, the rising penetration of luxurious features in automobiles, increasing awareness of personal mobility, and increase in the production and sale of automobiles across the globe will boost the global automotive ignition coil market. For instance, according to the report published by Fred.stlouisfed.org, in April 2022, the total vehicles sale in March 2022 was 13.73 million, and in December 2021 it was around 13.07 million. In addition, the total vehicle production according to the International Organization of Motor Vehicle Manufacturers in 2019 was 67,163,769, and in 2020 it was 55,834,455.
Get Free Sample link @ https://www.omrglobal.com/request-sample/automotive-ignition-coil-market
However, with the rising concern for environmental pollution, the consumers are moving towards adopting battery electric vehicles and plug-in hybrid vehicles, as these vehicles do not use automotive ignition coil, which significantly hampering the market growth. Moreover, new product developments and launches by market players are further aid in market growth. For instance, in October 2020, NGK spark plugs announced an agreement with Advance auto parts to expand the product portfolio by offering NGK ignition coil and NTK technical sensor lines. The agreement provides the benefit for the company to continue to grow in the national market. All NTK technical sensors have undergone extreme test conditions that include vibration, thermal shock, and OBD verification testing.
A full report of Global Automotive Ignition Coil Market available @ https://www.omrglobal.com/industry-reports/automotive-ignition-coil-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Automotive Ignition Coil Market, by Type
- Conventional
- Electronic
- Distributor-less(DIS)
- Coil-on-plug(COP)
Global Automotive Ignition Coil Market, by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Global Automotive Ignition Coil Market, by Distribution Channel
- OEM
- Aftermarket
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aptiv Global Operations Limited
- BorgWarner Inc.
- Diamond Electric, MFG
- Eldor Corp
- General Motors Co.
- Furuhashi Auto Electric Parts Co. Ltd
- Marshall Electric Corp
- NGK Spark Plugs USA Inc.
- Standard Motor Products Inc.
- Tenneco, Inc.
- Valeo Group
- Walker Products.
- Yura Tech
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.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-ignition-coil-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
