, /PRNewswire/ -- The global size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 1.85% during the forecast period.
For more insights on the forecast market size and historic data (2018 - 2022) - The automotive aftermarket for spark plugs has seen a shift towards platinum and iridium options due to their heat resistance and efficiency. Once exclusive to luxury vehicles, these materials are now used in mass-selling cars and light commercial vehicles. Modern engines' high combustion temperatures necessitate durable materials like platinum, iridium, and rhodium.
Iridium plugs' low voltage requirement reduces ignition system load, ensuring precise sparks for efficient fuel combustion. This trend is observed in gasoline and diesel engines for passenger cars, light commercial vehicles, and heavy commercial vehicles. The need for engine downsizing and increased fuel economy, coupled with stringent emission norms, drives this market growth.
The spark plug market encompasses various technologies such as plasma jet ignition, tube spurt ignition, and conventional automobiles. Urbanization and economic development further fuel the demand for automotive production and maintenance, including spark plug replacement cycles. The aftermarket segment caters to hybrid vehicles and two wheelers as well.
Research report provides comprehensive data on impact of trend, driver and challenges - This automotive aftermarket for spark pl.
