The market for spark plug wires is anticipated to grow moderately during the forecast period. The demand for spark plugs and other ignition systems in various types of vehicles is primarily responsible for the market growth. Furthermore, smart plug wirings have gained more significance in the automotive industry due to the high dependence of vehicle performance and mileage capabilities on them. Spark plug wires are essential components of the automotive aftermarket, which is anticipated to grow significantly over the forecast period. This is because government regulations are changing to support an environment free of emissions and increase vehicle efficiency.
The market for Spark Plug Wires worldwide was estimated at US$ 532.19 billion in 2021 and is anticipated to reach US$ 1,033.36 billion by 2030, growing at a CAGR of 7.8% between 2022 and 2030.
Leading Companies in the Spark Plug Wire Industry:
1. Mitsubishi Electric Corporation
Established on January 15, 1921, Mitsubishi Electric Corporation is a Japanese multinational electronics and electrical equipment manufacturing company with its headquarters in Tokyo.
Mitsubishi Electric Announces Modifications to the Structure and Oversight of Investor and Shareholder Relations.
2. Carquest Corporation
Through independent retailers connected to the network, Advance Auto Parts currently owns and runs the American automotive parts distribution network known as Carquest Corporation. On October 4, 2014, Advance had 109 Worldpac branches and 5,305 retail locations.
Carquest introduces new branding and offers a donation for Hire Heroes.
3. DENSO Corporation
Manufacturer of automotive parts DENSO Corporation is based in the Japanese city of Kariya in the Aichi Prefecture.
Organizational and personnel changes are announced by DENSO.
4. NKG Spark Plugs.
The NGK SPARK PLUG CO., LTD. is a publicly traded business with headquarters in Nagoya, Japan, and was founded in 1936. For internal combustion engines, NGK SPARK PLUG manufactures and markets spark plugs and related products, as well as sensors and ceramics for a variety of applications.
5. MSD Ignition
High-end ignition systems and electrical components are the focus of MSD Ignition, an American auto aftermarket manufacturer.
6. Beck/Arnley
An innovative line of premium quality Fluids, designed especially for vehicles with Asian and European nameplates, is offered by Beck/Arnley. Check with Beck if it needs to be an OE match for your foreign nameplate vehicle.
7. ACDelco
General Motors owns the American auto parts company ACDelco. Under the ACDelco brand, which also sells aftermarket parts for non-GM vehicles, are grouped all factory parts for GM-built vehicles.
8. Robert Bosch GmbH
German multinational engineering and technology company Robert Bosch GmbH, also known as Bosch and stylized as BOSCH, is headquartered in Gerlingen, Germany. The charitable organisation Robert Bosch Stiftung owns 92% of Bosch.
*Definition: An essential component of the ignition system are spark plug wires, also referred to as ignition cables. Spark plug wires transfer the spark from the coil to the spark plug in automobile engines with distributors or remote coil packs.
