India Automotive Spark Plug Market Competition Forecast and Opportunities, 2021 - Rising Demand for Iridium & Platinum Spark Plugs - Research and Markets
02 Aug, 2016, 16:10 BST
DUBLIN, August 2, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "India Automotive Spark Plug Market By Vehicle Type (Passenger Car, Two-Wheeler & Three-Wheeler), By Type (Copper, Platinum & Iridium), By Demand Category (OEM Vs. Replacement), Competition Forecast and Opportunities, 2011-2021" report to their offering.
Automotive spark plug market in India is forecast to grow at a CAGR of over 13% during 2016-2021, on account of rising automobile production and sales, and growing demand for petrol based vehicles.
Rising demand for automotive spark plugs in India can be attributed to growing automotive industry, continuously expanding petrol based vehicle fleet size, increasing passenger car and two-wheeler sales and rising purchasing power of consumers. According to the OICA, motorization rate in India increased from 20 per 1,000 inhabitants in 2013 to 22 per 1,000 inhabitants in 2014.
Expanding fleet size of passenger cars, two-wheelers and three-wheelers is forecast to fuel demand for automotive spark plugs in the coming years. Moreover, continuous government support in the form of various initiatives such as National Automotive Testing and R&D Infrastructure Project (NATRiP), Focus Market Scheme (FMS), Automotive Mission Plan 2006-2016, National Electric Mobility Mission Plan (NEMMP) 2020, Make in India Program, etc., are anticipated to underpin growth in the country's automotive spark plugs market in the ensuing years.
North India dominates India automotive spark plug market, followed by South India, due to strong demand for spark plugs from OEM and replacement segments in both the regions. Few of the leading companies operating in India automotive spark plug market include Bosch, Federal-Mogul, NGK and Denso.
India Automotive Spark Plug Market report elaborates following aspects of automotive spark plug market in India:
- Booming Automotive Industry
- Rising Demand for Iridium & Platinum Spark Plugs
- Twin Spark Plugs - An Emerging Trend
- Lasers to Replace Spark Plugs in Passenger Cars
- Growing Preference for Dual Fuel Option in Passenger Cars
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Automotive Components Market Outlook
5. India Automotive Spark Plug Market Outlook
6. India Two-Wheeler Spark Plug Market Outlook
7. India Passenger Car Spark Plug Market Outlook
8. India Three-Wheeler Spark Plug Market Outlook
9. Import-Export Analysis
10. Market Dynamics
11. Market Dynamics
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Competitive Landscape
15. Annexure - List of Spark Plug Dealers
16. Strategic Recommendations
For more information visit http://www.researchandmarkets.com/research/c7dz6f/india_automotive
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SOURCE Research and Markets