Market Research Report
Automotive Ignition Coil - Global Market Outlook (2016-2022)
|Published by||Stratistics Market Research Consulting||Product code||521659|
|Published||Content info||173 Pages
Delivery time: 2-3 business days
|Automotive Ignition Coil - Global Market Outlook (2016-2022)|
|Published: May 1, 2017||Content info: 173 Pages||
According to Stratistics MRC, the global Automotive Ignition Coil Market is accounted for $2.35 billion in 2016 and expected to grow at a CAGR of 5.2% to reach $3.19 billion by 2022. Factors such as rising automotive production, per capita income growth, stringent fuel efficiency and emission norms and demand for advanced ignition coils are driving the market growth. However, increasing air pollution, adoption of electric cars and ongoing research and development in powering cars with solar energy are the constraints faced by the market. New product development and decisive partnerships with OEMs will provide remunerative growth prospects for automotive ignition coil.
Passenger cars segment is anticipated to show attractive growth due to increasing demand for compact cars. The pencil ignition coil product segment accounted for the highest CAGR during the forecast period owing to Engine downsizing which requires efficient components for engine's assembly. Asia Pacific is the largest market followed by Europe in terms of revenue due to increase in purchasing power in nations such as China, Germany and India.
Some of the key players in global Automotive Ignition Coil market are Marshall Electric Corp, Delphi Automotive LLP, BorgWarner Inc., Continental AG, DENSO Corporation, Federal-Mogul Corporation, Hitachi Automotive Systems Americas, Inc., Standard Motor Products, Mitsubishi Electric Corporation, NGK Spark Plug Co., Ltd., Nissan Motor Co., Ltd, Robert Bosch GmbH, AcDelco, Toyota, Valeo SA and Woodward, Inc