Vehicle ignition coil is a low current high voltage transformer with the ability to convert vehicle’s 12 Volt power supply into the 25-30,000 volts which is generally required to jump the gap of the spark plug, which in turn helps in instigating combustion. When damaged, the ignition coils are always replaced in complete sets.
Automotive ignition coil, also known as spark coils, in a vehicle is an induction coil responsible for producing an electric spark that ignites the air and gasoline mixture in compression chamber, which helps in the vehicle movement. These coils help in smooth and efficient operation of the engine. Few coils include an internal resistor, while others depend on an external resistor to limit the current flow in the ignition coil. Earlier, every ignition coil system required mechanical contact breaker points and a capacitor (condenser) but now electronic ignition systems use a power transistor to provide pulses to the ignition coil. This has influenced the Vehicle ignition coil market.
At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global vehicle ignition coil market in 2018, whereas japan is expected to grow at a significant rate in Asia pacific during the forecast period.
The vehicle ignition coil market is segmented on the basis of type, vehicle type, distribution channel, and region. By type, it is classified into coil-on plugs, distributor based ignition coils, distributor-less, and others. According to vehicle type, it is categorized into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. By distribution channel, it is bifurcated into OEM and aftermarket. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as BorgWarner, Denso, Diamond Electric Mfg. Corp, Federal-Mogul, HELLA GmbH & Co. KGaA, Hitachi automotive, Mitsubishi Electric Corporation, NGK Spark Plug, Robert Bosch, and Valeo SA are also provided in this report.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Vehicle Type
By Distribution Channel
By Region
Automotive ignition coil, also known as spark coils, in a vehicle is an induction coil responsible for producing an electric spark that ignites the air and gasoline mixture in compression chamber, which helps in the vehicle movement. These coils help in smooth and efficient operation of the engine. Few coils include an internal resistor, while others depend on an external resistor to limit the current flow in the ignition coil. Earlier, every ignition coil system required mechanical contact breaker points and a capacitor (condenser) but now electronic ignition systems use a power transistor to provide pulses to the ignition coil. This has influenced the Vehicle ignition coil market.
At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global vehicle ignition coil market in 2018, whereas japan is expected to grow at a significant rate in Asia pacific during the forecast period.
The vehicle ignition coil market is segmented on the basis of type, vehicle type, distribution channel, and region. By type, it is classified into coil-on plugs, distributor based ignition coils, distributor-less, and others. According to vehicle type, it is categorized into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. By distribution channel, it is bifurcated into OEM and aftermarket. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as BorgWarner, Denso, Diamond Electric Mfg. Corp, Federal-Mogul, HELLA GmbH & Co. KGaA, Hitachi automotive, Mitsubishi Electric Corporation, NGK Spark Plug, Robert Bosch, and Valeo SA are also provided in this report.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the vehicle ignition coil marketalong with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Type
- Coil-on-plugs
- Distributor-based ignition coils
- Distributor-less
- Others
By Vehicle Type
- passenger car
- LCV
- HCV
By Distribution Channel
- OEM
- Aftermarket
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Italy
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: VEHICLE IGNITION COIL MARKET, BY TYPE
CHAPTER 5: VEHICLE IGNITION COIL MARKET, BY VEHICLE TYPE
CHAPTER 6: VEHICLE IGNITION COIL MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: VEHICLE IGNITION COIL MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to the report titled, 'Vehicle Ignition Coil Market by Type, Vehicle Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026.'The global vehicle ignition coil market was valued at $5.59 billion in 2018, and is projected to reach $7.55 billion by 2026, registering a CAGR of 3.9% from 2019 to 2026. By type, the coil-on-plugs segment was the highest revenue contributor in 2018, accounting for $2.35 billion, and is estimated to reach $3.32 billion by 2026, registering a CAGR of 4.5% during the forecast period.The Asia-Pacific region is dominating the market in term of revenue, followed by Europe, North America, and LAMEA. In Asia-Pacific, China dominated the vehicle ignition coil market in 2018, whereas japan is expected to grow at a significant rate during the forecast period.
Vehicle ignition coil is a low current high voltage transformer with the ability to convert vehicle’s 12 Volt power supply into the 25-30,000 volts which is generally required to jump the gap of the spark plug, which in turn helps in instigating combustion. When damaged, the ignition coils are always replaced in complete sets.
Automotive ignition coil, also known as spark coils, in a vehicle is an induction coil responsible for producing an electric spark that ignites the air and gasoline mixture in compression chamber, which helps in the vehicle movement. These coils help in smooth and efficient operation of the engine. Few coils include an internal resistor, while others depend on an external resistor to limit the current flow in the ignition coil. Earlier, every ignition coil system required mechanical contact breaker points and a capacitor (condenser) but now electronic ignition systems use a power transistor to provide pulses to the ignition coil. This has influenced the Vehicle ignition coil market.
Additionally, original equipment manufacturers in the developing regions such as China, India, and Japan, are adapting to the changing regional and segment patterns of supply and demand with respect to their production & supply base footprints, supply chains, and product portfolio. In addition, rise in urbanization along with increase in population boost the demand for vehicles among consumers. For instance, North America is the home for largest vehicle producers in the world, including General Motors and Ford, which account for 25% of the global vehicle production. Moreover, emergence of global potential automobile manufacturers including General Motors and Volkswagen AG concentrating their plants in China through joint ventures with local manufacturers is expected to enhance the ignition coil demand and drive the growth of the vehicle ignition coil market globally.
The vehicle ignition coil market is driven by factors such as increase in vehicle production, rise in disposable income, and surge in sales of luxurious vehicles in developing countries. However, rise in demand of electric vehicles, and surge in trend of shared mobility restrict the market growth. Moreover, presence of untapped developing markets in Africa and Asia create lucrative growth opportunities for the market.
According to Pranav Padalkar, Lead Analyst, Automotive and Transportation, “By type, the coil-on-plugs segment is expected to dominate the market, in terms of revenue. In addition, by vehicle type segment, the passenger car segment dominated the global vehicle ignition coil market in 2018. Region-wise, Asia-Pacific is anticipated to be the highest revenue contributor, and the same region is expected to lead in the future, followed by Europe, North America and LAMEA.”
KEY FINDINGS OF THE STUDY
- In 2018, by type, the coil-on-plugs type segment generated the highest revenue.
- In 2018, by vehicle type, the passenger car segment was the highest revenue contributor.
- In 2018, by distribution channel, the aftermarket segment was the highest revenue contributor.
- In 2018,region-wise, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA.
The key players analyzed in the report include BorgWarner, Denso, Diamond Electric Mfg. Corp, Federal-Mogul, HELLA GmbH & Co. KGaA, Hitachi automotive, Mitsubishi Electric Corporation, NGK Spark Plug, Robert Bosch, and Valeo.
Companies Mentioned
- BorgWarner
- Denso
- Diamond Electric Mfg. Corp
- Federal-Mogul
- HELLA GmbH & Co. KGaA
- Hitachi automotive
- Mitsubishi Electric Corporation
- NGK Spark Plug
- Robert Bosch
- Valeo.
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.
LOADING...
