Spark Plugs Market, By Product Type (Hot Spark Plug and Cold Spark Plug), By Application (Automotive, Marine, Aerospace, and Others), By Sales Channel (OEM and Aftermarket), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI6716

Pages :160

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Spark Plugs Market Concentration By Players

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Government Regulations and Technology Upgrade

Government emission norms are getting tighter across the world with each passing year in order to curb pollution levels from vehicle exhaust. Regulatory authorities are putting consistent pressure on automakers to adopt cleaner engine technologies and comply with stringent emission standards. In response to this, vehicle manufacturers are focusing on engine optimization through modifications such as improved fuel injection systems, advanced ignition controls and upgraded spark plug designs. They are collaborating with plug manufacturers to co-develop next generation iridium, platinum and other alloy based spark plugs with properties like high resistance to heat and corrosion. Such upgraded plugs ensure superior engine efficiency, performance and emission treatment capability.

For instance, countries like the U.S. and Japan already follow Euro 6 or equivalent rigorous emission standards. Other major markets like China and India have also significantly raised the compliance bar over the past 5-10 years through the implementation of BS-VI, China 6 norms. Meeting these regulations involves periodic improvements to spark plug design and composition.

Key Players Insights