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Automotive Ignition Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Automotive Ignition Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

  • August 2022
  • 115 pages
  • ID: 6313358
  • Format: PDF
  • TechSci Research


Table of Contents

Automotive Ignition Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027
Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), OTR), By Fuel Type (Petrol/CNG, Diesel, Others), By Demand Category (OEM, Aftermarket), and By Region

The global automotive ignition cable market is projected to grow at a significant CAGR during the forecast period, 2023-2027.The market growth can be attributed to the rise in the installation of electronic components in automobiles and increased production and sales of passenger cars and commercial vehicles.

Besides, stringent government regulations regarding vehicle emissions in the country are contributing to the growth of the global automotive ignition cable market.
In automobiles, an ignition cable connects the ignition coil or distributor to the spark plugs.To prevent the ignition cables from becoming loose due to engine vibration, the ends of the cables are clipped to a spark plug.

The supply of a high voltage spark, which travels through these ignition cables, is required for engine combustion or starting.

Consumers’ increasing income capacity, rapid shift in preference for private vehicle ownership, and the introduction of affordable, high-performance passenger cars are driving global demand for passenger cars.Ignition cables are used in automobiles to connect the spark plug to the ignition coil.

As the demand for passenger cars rises, the demand for ignition cables is expected to increase steadily over the forecast period. Because of its well-developed technical infrastructure and high demand for advanced passenger cars, the United States offers lucrative opportunities for global automotive ignition cable market growth.
Ongoing trade activities, thriving e-commerce industry, and efforts to strengthen the major automotive companies’ supply chain and distribution channels are some factors contributing to the global surge in demand for high-speed commercial vehicles.Rapid industrialization, infrastructure development, and construction activities are also accelerating commercial vehicle production and sales.

The global automotive ignition cable market is expected to grow during the forecast period due to the high demand, production, and sales of commercial vehicles.
Spark plugs are widely used in petroleum-powered vehicles.The ignition cable is crucial in starting the vehicle.

High ICE engine automobile sales are expected to drive global automotive ignition cable market growth during the forecast period.Implementing strict norms and regulations to combat global warming and reduce the environmental carbon footprint is hastening the development of advanced gasoline engines with higher fuel mileage and low emission capability.

High-end investments in research and development by market participants to create next-generation engines, which is expected to aid the market growth.
The development of advanced ignition systems and automobiles and manufacturers’ increased focus on improving the durability, low cost, and high performance of spark plugs and ignition cables are expected to create lucrative opportunities for global automotive ignition cable market growth over the next five years.
The global automotive ignition cable market is segmented based on vehicle type, propulsion, demand category, regional distribution, and company. Based on region, the Asia-Pacific region is expected to dominate the global automotive ignition cable market during the forecast period, owing to an increase in consumer purchasing capacity and a rise in sales and production of automobiles in the region.
Key players operating in the global automotive ignition cable market are The NGK Spark Plug Co., Ltd., Denso Corporation, Robert Bosch GmbH, BorgWarner Inc., Prysmian Group, Sentech Limited, among others.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027

Objective of the Study:

• To analyze the historical growth in the market size of the global automotive ignition cable from 2017 to 2021.
• To estimate and forecast the market size of global automotive ignition cable market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the global automotive ignition cable market based on vehicle type, fuel type, demand category, region, and company.
• To identify the dominant region or segment in the global automotive ignition cable market.
• To identify drivers and challenges for the global automotive ignition cable market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive ignition cable market.
• To identify and analyze the profiles of leading players operating in the global automotive ignition cable market.
• To identify key sustainable strategies adopted by market players in global automotive ignition cable market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the country.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of the Global automotive ignition cable market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global automotive ignition cable market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Automotive Ignition Cable Market, By Vehicle Type:
o Two-Wheeler
o Passenger Car
o Light Commercial Vehicle (LCV)
o Medium & Heavy Commercial Vehicle (M&HCV)
• Automotive Ignition Cable Market, By Fuel Type:
o Petrol/CNG
o Diesel
o Others
• Automotive Ignition Cable Market, By Demand Category:
o Aftermarket
• Automotive Ignition Cable Market, By Region:
o North America
United States
o Asia-Pacific
South Korea
o Europe & CIS
United Kingdom
o South America
o Middle East & Africa
South Africa
Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automotive ignition cable market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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