Global Automotive Glow Plugs Market 2018-2022
About Automotive Glow Plugs
Glow plugs assist in heating the air-fuel mixture for cold starting the engine.
Technavio’s analysts forecast the global automotive glow plugs market will register a revenue of more than USD 6 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive glow plugs market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Glow Plugs Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive glow plugs market: Robert Bosch, DENSO, Federal-Mogul, and NGK Spark Plugs.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is pressure sensor glow plugs for diesel engines. The pressure sensor glow plugs (PSG) technology has been developed by BERU, a brand of Federal-Mogul. PSG regulates the combustion processes inside a closed loop system. By installing PSG in engines, higher peak pressures can be implemented in the current smaller engines.”
According to the report, one driver in the market is urbanization and increasing demand for mobility in developing economies. The automotive markets in developed economies globally have reached maturity in terms of vehicle ownership. On the contrary, the middle-class population in emerging economies is growing steadily and is seeking better options to travel within the cities and intercity, leading to increased vehicle sales.
Further, the report states that one challenge in the market is declining profit margins of auto parts makers. Earlier, in the automotive industry, automakers faced price pressure and took the liability of warranty costs from the consumer. However, in the current scenario, the situation is changed as the automakers have pushed the liabilities of cost reduction onto auto parts makers.
NGK Spark Plugs