The vehicle ignition coil global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vehicle Ignition Coil Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The vehicle ignition coil market size has grown steadily in recent years. It
will grow from $6.08 billion in 2023 to $6.36 billion in 2024 at a compound
annual growth rate (CAGR) of 4.5%. The growth in the historic period can be
attributed to rise in automotive production and sales, rise in demand for
fuel-efficient vehicles, rise in demand for electric and hybrid vehicles,
increase in maintenance and repair needs, and rise in stringent emission
regulations.
The vehicle ignition coil market size is expected to see steady growth in the
next few years. It will grow to $7.69 billion in 2028 at a compound annual
growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed
to increasing disposable income, increasing collaborations and partnerships,
rise in global trade in automotive parts, increasing research and development
investments, and growing popularity of turbocharged engines. Major trends in
the forecast period include adoption of high-performance ignition systems,
integration with advanced vehicle diagnostics, adoption in electric and hybrid
vehicles, development of energy-efficient coils, and adoption of lightweight
materials.
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Scope Of Vehicle Ignition Coil Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Vehicle Ignition Coil Market Overview
Market Drivers -
The rising automotive production and sales are expected to propel the growth of
the vehicle ignition coil market going forward. Automotive production refers to
the process of designing, manufacturing, and assembling motor vehicles,
including cars, trucks, and other types of vehicles, using various materials,
components, and technologies. The increase in automotive production is due to
advancements in industrial manufacturing processes, automation technologies,
consumer demand for vehicles, and innovations in materials and engineering.
Vehicle ignition coil helps automotive by converting the low voltage from the
car's battery into the high voltage needed to ignite the air-fuel mixture in
the engine's cylinders, enabling the engine to start and run efficiently. For
instance, in May 2023, according to the European Automobile Manufacturers'
Association (ACEA), an Italy-based motor vehicle manufacturing association,
around 85.4 million motor vehicles were produced worldwide in 2022, an increase
of 5.7% compared to 2021. Therefore, the rising automotive production and sales
are driving the growth of the vehicle ignition coil market.
Market Trends -
Major companies operating in the vehicle ignition coil market are focused on
developing innovative products, such as high-performance ignition coils to
enhance engine performance and reliability. High-performance ignition coils
help vehicles by delivering a stronger, more consistent spark, improving engine
performance, fuel efficiency, and throttle response while reducing emissions
and ensuring smoother acceleration, particularly in high-stress or high-speed
driving conditions. For instance, in January 2024, Niterra, a Japan-based motor
vehicle parts manufacturing company, launched MOD Performance Ignition Coils, a
specific line of high-performance ignition coils designed for high durability
and consistent voltage output optimized for hybrid engines. The MOD Performance
Ignition Coils are engineered to withstand the demanding conditions of
performance vehicles and hybrid engines, ensuring reliable operation over time.
These coils provide stable and consistent voltage for optimal engine
performance and efficiency.
The vehicle ignition coil market covered in this report is segmented –
1) By Type: Coil-On-Plug, Distributor Based, Distributor Less, Other Types
2) By Technology: Single Spark Technology, Double Spark Technology
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Report @
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Regional Insights -
Asia-Pacific was the largest region in the vehicle ignition coil market in
2023. North America is expected to be the fastest-growing region in the
forecast period. The regions covered in the vehicle ignition coil market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the vehicle ignition coil market are General
Motors Company, Robert Bosch Gmbh, Hitachi Ltd., Denso Corporation, Mitsubishi
Electric Corporation, Marelli Holdings, Borgwarner Inc., Standard Motor
Products, Eldor Corporation S.P.A., Niterra Co Ltd., Holley Performance
Products, Lucas Electrical, Zhuzhou Torch Spark Plug Co. Ltd., Federal-Mogul,
Yura Corporation, United Automotive Electronic Systems, Wells Vehicle
Electronics, Diamond Electric Mfg. Corp, Prenco Progress & Engineering
Corp. Ltd., Walker Products, Marshall Electric Corp., Triscan A/S
Table of Contents
1. Executive Summary
2. Vehicle Ignition Coil Market Report Structure
3. Vehicle Ignition Coil Market Trends And Strategies
4. Vehicle Ignition Coil Market – Macro Economic Scenario
5. Vehicle Ignition Coil Market Size And Growth
…..
27. Vehicle Ignition Coil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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