Vehicle Ignition Coil Trends and Forecast
The future of the global vehicle ignition coil market looks promising with opportunities in the passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV) markets. The global vehicle ignition coil market is expected to reach an estimated $10.1 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growth in the manufacturing of automobiles, an increase in disposable income, and a sharp increase in the sales of high-end cars in developing nations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Vehicle Ignition Coil by Segment
The study includes a forecast for the global vehicle ignition coil by type, vehicle type, distribution channel, and region.
Vehicle Ignition Coil Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Coil-On Plugs
• Distributor-Based Ignition Coils
• Distributor-Less
• Others
Vehicle Ignition Coil Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Light Commercial Vehicle (Lcv)
• Heavy Commercial Vehicle (Hcv)
Vehicle Ignition Coil Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• Aftermarket
Vehicle Ignition Coil Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Vehicle Ignition Coil Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vehicle ignition coil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vehicle ignition coil companies profiled in this report include-
• Robert Bosch
• Diamond Electric
• Hella KGAA Hueck & Co
• Federal-Mogul
• Valeo
• Mitsubishi Electric Corporation
• NGK Spark Plugs
• Borgwarner
• Hitachi
• Denso Corporation
Vehicle Ignition Coil Market Insights
Lucintel forecasts that coil-on plugs is expected to witness the highest growth over the forecast period.
Within this market, passenger car is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to high population density and helpful government measures in developing nations like China and India.
Features of the Global Vehicle Ignition Coil Market
Market Size Estimates: Vehicle ignition coil market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Vehicle ignition coil market size by type, vehicle type, distribution channel, and region in terms of value ($B).
Regional Analysis: Vehicle ignition coil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, vehicle type, distribution channel, and regions for the vehicle ignition coil market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vehicle ignition coil market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the vehicle ignition coil market size?
Answer: The global vehicle ignition coil market is expected to reach an estimated $10.1 billion by 2030.
Q2. What is the growth forecast for vehicle ignition coil market?
Answer: The global vehicle ignition coil market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the vehicle ignition coil market?
Answer: The major drivers for this market are growth in the manufacturing of automobiles, an increase in disposable income, and a sharp increase in the sales of high-end cars in developing nations.
Q4. What are the major segments for vehicle ignition coil market?
Answer: The future of the global vehicle ignition coil market looks promising with opportunities in the passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV) markets.
Q5. Who are the key vehicle ignition coil market companies?
Answer: Some of the key vehicle ignition coil companies are as follows:
• Robert Bosch
• Diamond Electric
• Hella KGAA Hueck & Co
• Federal-Mogul
• Valeo
• Mitsubishi Electric Corporation
• NGK Spark Plugs
• Borgwarner
• Hitachi
• Denso Corporation
Q6. Which vehicle ignition coil market segment will be the largest in future?
Answer: Lucintel forecasts that coil-on plugs is expected to witness the highest growth over the forecast period.
Q7. In vehicle ignition coil market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high population density and helpful government measures in developing nations like China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vehicle ignition coil market by type (coil-on plugs, distributor-based ignition coils, distributor-less, and others), vehicle type (passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV)), distribution channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Vehicle Ignition Coil Market, Vehicle Ignition Coil Market Size, Vehicle Ignition Coil Market Growth, Vehicle Ignition Coil Market Analysis, Vehicle Ignition Coil Market Report, Vehicle Ignition Coil Market Share, Vehicle Ignition Coil Market Trends, Vehicle Ignition Coil Market Forecast, Vehicle Ignition Coil Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.