Global Automotive Glow Plug Market Report and Forecast 2024-2032

Global Automotive Glow Plug Market Outlook

The global automotive glow plug market size reached a value of approximately USD 3.54 billion in 2023. The market is further expected to grow at a CAGR of 4.30% between 2024 and 2032, reaching a value of USD 5.15 billion by 2032.

Key Trends in the Market

An automotive glow plug is a heating element utilised in various vehicles that is typically made of metal or ceramics. This heating element heats up the fuel and air present in the engine and promotes effective fuel combustion in diesel engines. It aids in providing additional energy necessary to operate a diesel engine.

• The key trends propelling the growth of the automotive spark and glow plugs market include rising sales of vehicles across the globe. Increasing measures taken by various governments in order to improve the transportation channels of their countries coupled with growing investments in public transportation are expected to propel the growth of the market.

• According to the automotive glow plugs market analysis, although there is an increase in demand for electric vehicles, due to limited charging infrastructure there is still a steady demand for gasoline vehicles, which is another crucial trend aiding the growth of the market for automotive glow plugs. Growing adoption of such vehicles in emerging economies is expected to boost the automotive glow plugs market demand over the forecast period.

• The anticipated increase in the production of vehicles across the globe due to decreasing production costs and rising disposable incomes in developing countries is expected to fuel the sales of vehicles over the forecast period. This in turn is anticipated to positively impact the automotive glow plugs market growth across the globe.

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Market Analysis

On the basis of product type, the market is bifurcated into metal glow plug and ceramic glow plug. Based on vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of sales channel, the market is classified into OEM and aftermarket. Based on region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive glow plug market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• DENSO Corporation

• NGK Spark Plug Co., Ltd.

• Robert Bosch GmbH

• Tenneco Inc.

• Magneti Marelli S.p.A.

• BorgWarner Inc.

• General Motors

• HKT Corporation

• First Brands Group LLC.

• Zenith Industries

• Others

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Market Share by Product Type

On the basis of product type, ceramic glow plugs are expected to account for a significant portion of the market according to the automotive glow plugs market forecast. This is due to the ability of ceramic glow plugs to heat up more quickly than their metal counterparts. Ceramic glow plugs possess ceramic heating element encased in a high-performance material ensuring the safety of the heating element. Such advantages are expected to boost the automotive glow plugs market share over the forecast period. These plugs are high in demand in both sales channels, aftermarket as well as OEM since they play a crucial role in ensuring proper functioning of the internal combustion engines of vehicles under extreme temperature conditions.

Market Share by Region

According to the automotive glow plugs market research, the Asia Pacific region is anticipated to witness exponential growth over the forecast period. This growth can be attribute to the rising demands and sales of automobiles in the Asia Pacific region. With vehicles becoming more affordable, increasing urbanisation, and rising disposable income, more people in the region are purchasing vehicles. The automotive glow plugs market size is anticipated to grow significantly in the region owing to increased availability of new vehicles and passenger cars among emerging economies in the Asia Pacific. Rising car sales coupled with the presence of several key players is further expected to aid the growth of the market according to the automotive glow plugs market research report.

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Competitive Landscape

DENSO Corporation is an automotive component manufacturing company that was founded in 1949 and is based in Aichi, Japan. It is one of the largest auto parts suppliers in the world developing, and manufacturing auto parts such as hybrid vehicle components, instrument clusters, spark plugs, and airbag systems.

NGK Spark Plug Co., Ltd. was established in 1936 and is based in Nagoya, Japan. With a focus on technological innovations, the company manufactures and sell products for internal combustion engines and spark plugs and sensors for various applications. Their product portfolio also includes glow plugs, cutting tools, medical products, and piezoelectric ceramics.

Robert Bosch GmbH is a multinational technology and engineering company that was formed in 1886 and is based in Gerlingen, Germany. They manufacture power tools, automotive parts, home appliances, security systems, and electronics, among others. They are focused towards providing technologies and services in domains such as mobility solutions, consumer goods, and industrial technology, among others.

Other market players include Tenneco Inc., Magneti Marelli S.p.A., BorgWarner Inc., General Motors, HKT Corporation, First Brands Group LLC., and Zenith Industries, among others.

Key Highlights of the Report