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In 2025, the global automotive glow plug market will reach 739 million US dollars

Author: QYResearch | Publish date: 2018-12-06 | Views: 33
In US, the total amount of vehicles is large, but the share of diesel vehicle is little. So the market of glow plug is smaller than in Europe. But the manufacturing technology is developed in US, so there are some major glow plug manufacturers like BorgWarner, Delphi and Federal-Mogul, all of which are the leading suppliers of glow plug in the world.

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The global Automotive Glow Plug market was valued at 781 million US$ in 2017 and will reach 739 million US$ by the end of 2025, growing at a CAGR of -0.69% during 2017-2025. Europe is the largest market of glow plug. The diesel vehicles in Europe occupied more than 70% of the total amount of diesel vehicles in the global. And the weather in Europe is colder than other regions. So the demand of glow plug in Europe is much larger than other regions.


In US, the total amount of vehicles is large, but the share of diesel vehicle is little. So the market of glow plug is smaller than in Europe. But the manufacturing technology is developed in US, so there are some major glow plug manufacturers like BorgWarner, Delphi and Federal-Mogul, all of which are the leading suppliers of glow plug in the world.


In Japan, due to the developed automotive industry, the manufacturing technology and market are also developed. In additional, the major suppliers of fine ceramic, which is an important part of ceramic glow plugs, are also located in Japan.


In China, there are many manufacturers of glow plugs. But both their capacity and technology have a large barrier with the international manufacturers like BorgWarner. Now, to meet the demand of domestic automotive industry, some foreign companies have built plants in China. To maintain the market share, Chinese glow plug manufacturers should spend more money and time on research and development.


As some companies have introduced new products like pressure sensor glow plug, the better performance of new products may bring market adjustment. It is a chance and challenge for traditional manufacturers.


The Global Automotive Glow Plug Market Professional Survey Report 2018 This report released by QYResearch provides a basic overview of the Automotive Glow Plug industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Automotive Glow Plug industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Full Report Overview@https://www.qyresearch.com/index/detail/53545/global-automotive-glow-plug-market

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