Automotive Spark Plug Market Key Drivers, Size, Share, Trends, Growth, Future Scope and Forecast To 2023

Segmentations

For a better understanding, the report has been segmented into five key dynamics:

By Product Type : Hot and Cold Spark Plug, among others.

By Material : Copper Spark Plug, Platinum Spark Plug, and Iridium Spark Plug, among others.

By Market : Original Equipment Market (OEM) and Aftermarket, among others.

By Vehicle Type : Passenger and Commercial Vehicle, among others.

By Regions : Europe, North America, Asia Pacific, and Rest-of-the-World.

Geographical Analysis

The Automotive Spark Plug Market in the North American region is a lucrative market. Increasing production and the growing demand for advanced spark plug technology foster the growth in the regional market.

Competitive Analysis

Highly competitive, the Automotive Spark Plug Market appears to be fragmented due to the presence of many well-established players. Manufacturers of moldings compete on price, quality, innovation, reputation, and distribution.

Besides, innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the Automotive Spark Plug Market.

Industry/ Innovation/ Related News:

March 18, 2019 –--- E3 Spark Plugs (the US), a leading global manufacturer of automotive spark plugs announced that it has extended its partnership with an American drag racing governing body - The National Hot Rod Association (NHRA), as the official spark plug and ignition products of NHRA racing.

E3 Spark Plugs has been involved with NHRA racing across all platforms including the sponsorships of Drag Racing Series. E3-powered cars have won over 150 NHRA national events and eight national championships over the past three years.

The partnership would continue to allow E3 to incorporate the official logo in advertising, promotions, point-of-purchase materials, and on the packaging for each designated product.

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