Market Research Report
Global Automotive Ignition Coil Market Size study, by Product type (Can-Type Ignition Coil, Electronic Distributor Coil, Double Spark Coil, Others), by Vehicle type (Passenger Cars, LCV, HCV) and Regional Forecasts 2021-2027
|Global Automotive Ignition Coil Market Size study, by Product type (Can-Type Ignition Coil, Electronic Distributor Coil, Double Spark Coil, Others), by Vehicle type (Passenger Cars, LCV, HCV) and Regional Forecasts 2021-2027|
Published: January 5, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Automotive Ignition Coil Market is valued at approximately USD 2.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.00 % over the forecast period 2021-2027. Automotive Ignition Coil is an induction coil in an automobile's ignition system that transforms the battery's voltage to thousands of volts needed to create an electric spark in the spark plugs to ignite the fuel. Increasing production of passenger cars, urbanization has led to the adoption of Automotive Ignition Coil across the forecast period. For Instance: As per the Verband der Automobile industry, in March 2021, production of passenger cars increased by 31%, with 378,669 cars manufactured in Germany. Also, with the growing adoption of compact and mid-size passenger cars, the adoption & demand for Automotive Ignition Coil is likely to increase the market growth during the forecast period. However, growing adoption of electric vehicles impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Automotive Ignition Coil market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the higher focus on reducing carbon emission. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, rising per capita income would create lucrative growth prospects for the Automotive Ignition Coil market across Asia-Pacific region.
Major market players included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Furthermore, years considered for the study are as follows:
Target Audience of the Global Automotive Ignition Coil Market in Market Study: