As of 2024, the import of glow plugs and other ignition or starting equipment to Germany is set to increase modestly, with forecasts projecting a gradual rise from approximately 1.274 million kilograms in 2024 to 1.296 million kilograms by 2028. This represents an average annual growth rate (CAGR) of about 0.33%. In terms of year-on-year growth, each subsequent year shows a slight uptick: 0.43% from 2024 to 2025, 0.43% from 2025 to 2026, 0.41% from 2026 to 2027, and 0.40% from 2027 to 2028.
Future trends to watch for:
- Technological advancements in ignition systems, which may affect demand for traditional glow plugs and related equipment.
- Economic and regulatory factors impacting the automotive industry, potentially influencing imports.
- Shifts towards electric vehicles, which could reduce the need for these components in the longer term.