Global Vehicle Ignition Coil Market (2023-2028) by Vehicle Type, Type, Distribution Channel, & Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Vehicle Ignition Coil Market is estimated to be USD 7.23 Bn in 2023 and is expected to reach USD 8.6 Bn by 2028 growing at a CAGR of 3.53%.

Market Dynamics

Demand for Vehicle Ignition Coils is increasing owing to evolving market conditions that demand fewer emissions, lower fuel consumption, higher ignition voltage, and restricted space in the drive unit and engine compartment. Rising Rate of Vehicle Production, Increasing Demand for Advanced Ignition Coils Due to Stringent Emission and Fuel Efficiency Norms, Increasing Automotive Demand Due to Surge in Urbanization are some of the factors driving the market's growth.

However, an increase in the need for compact ignition coils due to engine downsizing and the growing demand for electric vehicles may create hindrances in the market's growth.

Market Segmentation

• The Global Vehicle Ignition Coil Market is segmented further by Vehicle Type, Type, Distribution Channel, & Geography.
• By Vehicle Type, the Global Vehicle Ignition Coil Market is classified into Two-Wheelers, Passenger Cars, Trucks, Buses and Coaches, and Light-Duty Commercial Trucks.
• By Type, the Global Vehicle Ignition Coil Market is classified into Canister-type ignition coils, Electronic distributor ignition coils, Double spark ignition coils, Ignition coil rails, Plug top-/pencil- / Smart- coils, and Others.
• By Distribution Channel, the Global Vehicle Ignition Coil Market can be classified into OEM and Aftermarket.
• By Geography, North America is expected to lead the market.

Recent Developments

1. Ford F150 : Replacing the ignition coils in your vehicle. 'Coil on plugs,''coil packs,'and 'COPS'(coil on plug system) are all terms used to describe these ignition coils. These are a common Ford F150 truck ignition system part that must be replaced eventually. - 09th August 2021

2. Royal Enfield, the motorcycling making arm of Eicher Motors will be recalling 236,966 bikes owing to a defective ignition coil that can cause misfiring and reduce vehicle performance and in rare cases, cause an electric short circuit. - 19th May 2021

3. DENSO Products and Services Americas, Inc., an affiliate of leading global automotive supplier DENSO Corp., has expanded its line of aftermarket ignition coils. DENSO now offers four new coil-on-plug (COP) part numbers that extend its coverage to 2012-2018 Honda and Acura models. - 25th February 2020

Company Profiles

Some of the companies covered in this report are Motorcraft, BorgWarner Inc., Diamond Electric Mfg. Corporation, Denso Corporation, Federal-Mogul Corporation, Mitsubishi Electric Corporation, The NGK Spark Plug Co., Ltd., Robert Bosch GmbH, SparkTronic Co. Ltd., Shanghai Sogreat Electronic Tech. Co. Ltd, ACDelco, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of M.E.A.)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

I.G.R. Competitive Quadrant

The report includes the I.G.R. Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Vehicle Ignition Coil Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using I.G.R. Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market