London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Spark Plugs Market 2015-2019, which is expected to grow at a CAGR of 5.01 percent during the period 2014-2019.
The Global Spark Plugs market is rapidly gaining momentum worldwide with the increase in sales of gasoline-powered vehicles. The market for gasoline-powered cars is growing at a healthy rate, especially in emerging economies such as China and India, and is expected to grow in the future.
“Many spark plug manufacturers are willing to invest more in R&D to improve innovations in spark plug technology,” says Faisal Ghaus, Vice President of TechNavio.
“Manufacturers feel there are high prospects in the Spark Plugs market and they are making innovations at a rapid rate to improve their market share.”
Key Market Drivers
- Cost Benefits
- Increase in Demand from Emerging Economies
- Advances in Technology
Key Market Trends
- Concerns over Fuel Economy
- Growing Environmental Concerns
- High Innovation Rate
Key Market Vendors
- Autolite
- Bosch Group
- Denso Group
- Federal-Mogul Group
- NGK Spark Plug Co. Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
