Automotive Spark Plugs Glow Plugs Market

The  Automotive Spark Plugs and Glow Plugs Market is divided into different segments on the basis of vehicle types. The vehicle types include passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment has the largest market share due to the high production and sales volume of passenger vehicles across the globe. In 2023, the passenger car segment accounted for over 60% of the  Automotive Spark Plugs and Glow Plugs Market revenue.

The rising demand for personal mobility, increasing disposable income levels, and the growth of the automotive industry in emerging markets are some of the key factors driving the growth of the passenger car segment.The light commercial vehicle segment is expected to register a high CAGR over the next five years, driven by the increasing demand for last-mile delivery services, e-commerce, and logistics. Moreover, an increase in popularity of pickup trucks and vans for commercial and recreational purpose is also boosting the growth of the light commercial vehicle segment.

The  Automotive Spark Plugs and Glow Plugs Market is segmented by fuel type into gasoline, diesel, and alternative fuels (LPG, CNG, electric). Gasoline-powered vehicles held the largest market share in 2023, accounting for over 60% of the  market. This dominance is attributed to the widespread adoption of gasoline-powered vehicles across various regions. Diesel-powered vehicles followed gasoline vehicles, capturing a significant share of the market.

The growing popularity of diesel-powered vehicles in commercial and heavy-duty applications is driving the growth of the diesel spark plugs and glow plugs market segment.Alternative fuel vehicles, including LPG, CNG, and electric vehicles, are gaining traction due to increasing environmental concerns and government initiatives promoting clean energy. The rising adoption of these vehicles is expected to drive the growth of the alternative fuels segment in the coming years.

The  Automotive Spark Plugs and Glow Plugs Market is segmented by Spark Plug Type into Conventional Spark Plugs, Iridium Spark Plugs, and Platinum Spark Plugs. Conventional spark plugs are the most common type of spark plug and are made from inexpensive materials. Iridium spark plugs are made from a harder material than conventional spark plugs and last longer. Platinum spark plugs are made from a combination of platinum and iridium and offer the best performance and durability.

In 2023, the Conventional Spark Plugs segment accounted for the largest share of the  Automotive Spark Plugs And Glow Plugs Market, with a revenue of 3.6 Billion USD.The Iridium Spark Plugs segment is expected to grow at the fastest CAGR of 4.5% during the forecast period, reaching a revenue of 2.8 Billion USD by 2032. The Platinum Spark Plugs segment is expected to reach a revenue of 2.4 Billion USD by 2032.

The aftertreatment system segment of the  Automotive Spark Plugs and Glow Plugs Market is projected to witness significant growth in the coming years, driven by stringent emission regulations and increasing demand for cleaner vehicles. The segment is categorized into three major sub-segments catalytic converters, diesel particulate filters, and selective catalytic reduction systems. Catalytic converters, which account for the largest share of the aftertreatment system market, play a crucial role in reducing harmful emissions by converting toxic gases into less harmful substances.

Diesel particulate filters, on the other hand, effectively remove particulate matter from diesel engine exhaust, contributing to improved air quality. Selective catalytic reduction systems utilize a urea-based solution to reduce nitrogen oxide emissions, a major contributor to smog and acid rain. The increasing adoption of diesel vehicles, particularly in commercial and heavy-duty applications, is expected to drive the demand for diesel particulate filters.

The  Automotive Spark Plugs and Glow Plugs Market is segmented into technology, which includes ceramic glow plugs, metallic glow plugs, and combination glow plugs. Ceramic glow plugs are the most common type of glow plugs used in diesel engines, and they are made of a ceramic material that is resistant to high temperatures. Metallic glow plugs are made of a metal material, and they are used in applications where higher temperatures are required.

Combination glow plugs are a hybrid of ceramic and metallic glow plugs, and they offer the advantages of both types of glow plugs.The metallic glow plugs segment is expected to account for the second-largest share of the market in 2023, and it is projected to grow at a CAGR of 3.76% from 2024 to 2032. The combination glow plugs segment is expected to account for the smallest share of the market in 2023, and it is projected to grow at a CAGR of 3.69% from 2024 to 2032.