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Korea China Spark Plug Market by Electrode Material and Application - Opportunity Analysis and Industry Forecast, 2017-2023

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    Report

  • 110 Pages
  • April 2018
  • Region: China, South Korea
  • Allied Market Research
  • ID: 4580566
The Korea & China spark plug market was valued at $670 million in 2016, and is estimated to reach $947 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023. Spark plug is an electrical device, threaded into the cylinder of a spark ignition engine, which produces a spark to ignite the combustible air–fuel mixture in the cylinder bore of an internal combustion engine. The Korea & China spark plug market is expected to witness significant growth in the future, owing to rise in in technological advancements, and increase in production & sales of vehicles across the country.







China is expected to register the highest growth rate during the forecast period, due to the increase in sales and production of gasoline-powered vehicles, and advancements in technology related to spark plug designs.

The Korea & China spark plug market is segmented based on electrode material, application, and country. Copper, platinum, and iridium are studied under the electrode material segment. Based on application, the market is divided into automobile, marine, industrial, and others. Based on country, the market is analyzed across China and Korea.

The key players profiled in the report are NGK Spark Plug Co. Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch Gmbh, FRAM Group IP LLC. (Autolite), Enerpulse Technologies Inc., Stitt Spark Plug, Acdelco Corporation, E3 Sparkplugs, Zhuzhou Torch Spark Plug, Weichai Power Co. Ltd., MSD Performance, Ford Motor Company, and Valeo SA. The report presents an analysis of the key strategies adopted by these players and a detailed study of the current trends, upcoming opportunities, and restraints of the Korea & China spark plug market.

KEY BENEFITS FOR STAKEHOLDERS

In-depth analysis and dynamics of the Korea & China spark plug market is provided in the report to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing market opportunities.
Porter’s five forces analysis examines the competitive structure and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables the identification of the profitable segments for the key market players.
Comprehensive analyses of the trends, subsegments, and key revenue pockets of the market are provided in the study.

KEY MARKET SEGMENTS

By Electrode Material

Copper
Platinum
Iridium

By Application

Automobile
Marine
Industrial
Others

By Country

China
Korea
Frequently Asked Questions about the Korea & China Spark Plug Market

What is the estimated value of the Korea & China Spark Plug Market?

The Korea & China Spark Plug Market was estimated to be valued at $670 million in 2016.

What is the growth rate of the Korea & China Spark Plug Market?

The growth rate of the Korea & China Spark Plug Market is 5.1%, with an estimated value of $947 million by 2023.

What is the forecasted size of the Korea & China Spark Plug Market?

The Korea & China Spark Plug Market is estimated to be worth $947 million by 2023.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2016 (%)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Increase in production and sales of vehicle
3.5.1.2. Rise in number of gasoline or natural gas based generators and small & recreational boats
3.5.2. Restraint
3.5.2.1. Engine downsizing to reduction in vehicle weight
3.5.3. Opportunity
3.5.3.1. Rise in demand for natural gas powered vehicle
CHAPTER 4: KOREA & CHINA SPARK PLUG MARKET, BY ELECTRODE MATERIAL
4.1. OVERVIEW
4.2. COPPER
4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast, by country
4.3. PLATINUM
4.3.1. Key market trends and opportunities
4.3.2. Market size and forecast, by country
4.4. IRIDIUM
4.4.1. Key market trends and opportunities
4.4.2. Market size and forecast, by country
CHAPTER 5: KOREA & CHINA SPARK PLUG MARKET, BY APPLICATION
5.1. OVERVIEW
5.2. AUTOMOBILE
5.2.1. Key market trends
5.2.2. Market size and forecast, by country
5.3. MARINE
5.3.1. Key market trends
5.3.2. Market size and forecast, by country
5.4. INDUSTRIAL
5.4.1. Key market trends
5.4.2. Market size and forecast, by country
5.5. OTHERS (WORKING EQUIPMENT, BRUSH CUTTERS, SCYTHES, MOWERS, SAWS)
5.5.1. Key market trends
5.5.2. Market size and forecast, by country
CHAPTER 6: KOREA & CHINA SPARK PLUG MARKET, BY COUNTRY
6.1. OVERVIEW
6.2. CHINA
6.2.1. Market size and forecast
6.2.2. Market size and forecast, by electrode material
6.2.3. Market size and forecast, by application
6.3. KOREA
6.3.1. Market size and forecast
6.3.2. Market size and forecast, by electrode material
6.3.3. Market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. AUTOLITE
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.2. DENSO CORPORATION
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.3. E3 SPARK PLUGS
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments
7.4. ENERPULSE TECHNOLOGIES, INC.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments
7.5. FEDERAL-MOGUL CORPORATION
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.6. GENERAL MOTORS COMPANY (ACDELCO)
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.7. NGK SPARK PLUG CO., LTD.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.8. ROBERT BOSCH GMBH
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.9. STITT SPARK PLUG
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.10. ZHUZHOU TORCH SPARK PLUG CO., LTD.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio

Executive Summary

According to a new report Korea China Spark Plug Market by Electrode Material and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the Korea China spark plug market was valued at $670 million in 2016, and is projected to reach at $947 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023.

Spark plug is an electrical device, threaded into the cylinder of spark ignition engine, which produces a spark to ignite the combustible air-fuel mixture in the cylinder bore. A spark plug comprises a shell, resistance, electrodes, and an insulator.

In 2016, the iridium segment dominated the market in terms of revenue and is estimated to reach $505 million in 2023, due to advancement in its technology and long service life.
China was the highest revenue contributor to the Korea China spark plug market in 2016, accounting for around 94.46% of the market share.

The report features a competitive scenario of the Korea China spark plug market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players operating in the Korea China spark plug market include NGK Spark Plug Co. Ltd., Federal-Mogul Corporation, Denso Corporation, Robert Bosch Gmbh, FRAM Group IP LLC. (Autolite), Enerpulse Technologies Inc., Stitt Spark Plug, Acdelco Corporation, E3 Sparkplugs, Zhuzhou Torch Spark Plug, Weichai Power Co. Ltd., MSD Performance, Ford Motor Company, and Valeo SA.

These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the market growth.

Key findings of the Korea China Spark Plug Market:

The iridium segment accounted for the highest share in 2016.
The automobile segment classified under the application type generated the highest revenue in 2016.
China under the Asia-Pacific spark plug market is expected to dominate the market in terms of market share, during the forecast period.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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