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Vehicle Ignition Coil Market to Reach $7.55 Bn, Globally, by 2026 at 3.9% CAGR: Allied Market Research

Increase in vehicle production, rise in sales of luxurious vehicles in developing countries, and surge in disposable income drive the growth of the global vehicle ignition coil market

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Allied Market Research

11 Mar, 2020, 14:00 GMT

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PORTLAND, Oregon, March 11, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Vehicle Ignition Coil Market by Type (Coil-On-Plugs, Distributor-Based Ignition Coils, Distributor-Less, Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Distribution channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global vehicle ignition coil industry garnered $5.59 billion in 2018, and is estimated to reach $7.55 billion by 2026, growing at a CAGR of 3.9% from 2019 to 2026.

Drivers, restraints, and opportunities-

Rise in vehicle production, increase in sales of luxurious vehicles in developing countries, and surge in disposable income fuel the growth of the global vehicle ignition coil market. On the other hand, increase in trend of shared mobility, and rise in demand for electric vehicles curtail down the growth to some extent. However, untapped developing markets in Africa and Asia are expected to create multiple opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5620

The coil-on plugs segment to lead the trail by 2026-

Based on type, the coil-on plugs segment accounted for more than two-fifths of the global vehicle ignition coil market share in 2018, and is expected to retain its dominance by the end of 2026. The same segment is also projected to cite the fastest CAGR of 4.5% from 2019 to 2026. Increased efficiency in the operation and reduction of single cylinder with the capability of generating higher voltages along with hotter spark help to improve the performance of the engine, the accuracy of spark timing, and increase the adoption of new models by major companies, which aids the segment to grow.

The passenger car segment held the largest share in 2018-

Based on vehicle type, the passenger car segment contributed to more than two-thirds of the global vehicle ignition coil market revenue in 2018, and is projected to dominate till 2026. The same segment would also manifest the fastest CAGR of 4.1% throughout the forecast period. Rise in disposable income in countries such as India and China propel the growth of the segment. In addition, higher adoption of strategies and increase in sales across the globe fuels the growth of the segment.

Asia-Pacific to dominate the market, North America to grow at a moderate pace-

Based on geography, the region across Asia-Pacific held the major share in 2018, garnering more than half of the global vehicle ignition coil market. The same province is also anticipated to register the fastest CAGR of 4.4% during the estimated period. This is due to increase in disposable income in the Asian countries. Furthermore, development in newer vehicles, increase in automobile sales and rapid industrialization in this region fuel the growth in this region. On the other hand, North America is expected to manifest the CAGR of 3.0% throughout the study period.

For Purchase Inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5620

Leading market players-

  • Valeo SA
  • Diamond Electric Mfg. Corp
  • BorgWarner
  • Federal-Mogul
  • HELLA GmbH & Co. KGaA
  • Hitachi automotive
  • Denso
  • Mitsubishi Electric Corporation
  • Robert Bosch
  • NGK Spark Plug

Avenue | The Market Research Library Access

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Sign up and start using your 14-day free trial: https://www.alliedmarketresearch.com/avenueTrial

Similar Reports:

Hub Motor Market Report

Automotive Microcontroller Market Report

Electric Vehicle Range Extender Market Report

Automotive Exhaust System Market Report

Pre-book Offer 12% Discount:  

Air Filters Market Report

Automotive Actuators Market Report

Automotive Power Electronics Market Report

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
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help@alliedmarketresearch.com 
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