What Has Been The Evolution of the Automotive Glow Plug Market in Recent Years?
The automotive glow plug market has seen considerable growth due to a variety of factors.
• In recent times, the automotive glow plug market has witnessed robust growth. The market size, which stood at $3.98 billion in 2024, is projected to rise to $4.18 billion in 2025, a compound annual growth rate (CAGR) of 5.1%.
The historical growth in this market is rooted in factors such as increased vehicle sales, stricter emission standards, the popularity of diesel engines, cold climate regions, and aftermarket sales.
What Are the Future Growth Projections for the Automotive Glow Plug Market?
The automotive glow plug market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to steadily expand in the coming years, the automotive glow plug market is projected to hit the $4.87 billion mark by 2029, experiencing a compound annual growth rate (CAGR) of 3.9%.
The predicted growth within the forecast period is due to factors such as persistent emission norms, rising prevalence of electric vehicles, global economic patterns, urbanization, and commercial fleets, with an emphasis on fuel efficiency. The significant trends for the forecast timeframe include emphasis on lightweight materials for boosting fuel efficiency, the growing trend of cold-start systems in electric vehicles, the broadening of aftermarket sales avenues, focus on sustainable and environmentally-friendly automotive parts, and partnerships for advancements in glow plug technology research.
What Are The Core Factors Supporting Growth In The Automotive Glow Plug Market?
The expansion of automobile production is expected to boost the automotive glow plug industry's growth. The manufacturing of identical mass-produced vehicle models for public sale and legal public road use is what is described as vehicle production. Glow plugs, which are heating instruments utilized in diesel engines to help initiate the engine in cold temperatures through encouraging effective fuel combustion, are integral to this process. For instance, according to the US Board of Governors of the Federal Reserve System, car production in the US increased to 11.87 million units in June 2023, up from 10.91 million units. So, the escalating production of vehicles is set to foster the automotive glow plug market's growth.
Automotive Glow Plug Market Driver: Increased Fuel Efficiency Demand Sparks Growth in Automobile Glow Plug Market
What Are The Major Segments Within The Global Automotive Glow Plug Market?
The automotive glow plug market covered in this report is segmented –
1) By Type: Metal Glow Plug, Ceramic Glow Plug
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Metal Glow Plug: Standard Metal Glow Plug, Dual-Coil Metal Glow Plug
2) By Ceramic Glow Plug: High-Temperature Ceramic Glow Plug, Quick-Start Ceramic Glow Plug
Pre-Book The Automotive Glow Plug Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Automotive Glow Plug Industry?
Leading businesses in the automobile glow plug market are working on cutting-edge products such as the Nova Glow Plug Turbo Offroad N.5 and Nova Glow Plug Turbo Offroad N.6, striving to improve performance and durability and ensure engine dependability. These glow plugs, packaged in sets of two, are engineered for consistent performance. For example, in July 2022, Nova Engines, a competition micro engines production and labor cooperative based in Italy, introduced their glow plugs: Nova Glow Plug Turbo Offroad N.5 and Nova Glow Plug Turbo Offroad N.6. The Nova Glow Plug Turbo Offroad N.5, developed for off-road applications, is crafted from controlled expansion materials boasting a new pressure-resistant filament. Similarly, the Nova Glow Plug Turbo Offroad N.6, also designed for off-road utilization, is constructed from superior materials to promise steady performance. Both glow plugs come with a guaranteed airtight seal, aiding in effective fuel combustion in the engine. The application of these glow plugs can enhance engine performance, particularly in cold weather.
Who Are the Key Players In The Automotive Glow Plug Market?
Major companies operating in the automotive glow plug market report are:
• Ford Motor Company
• General Motors Company
• Robert Bosch GmbH
• Hitachi Automotive Systems Ltd.
• Hyundai Mobis Co. Ltd.
• DENSO Automotive Systems Australia Pty Ltd.
• Mitsubishi Electric Corporation
• Valeo SA
• Tenneco Inc.
• Kyocera Corporation
• BorgWarner Inc.
• Marelli Holdings Co. Ltd.
• Federal-Mogul Corporation
• Hella KGaA Hueck & Co.
• Niterra Co. Ltd.
• Ningbo Tianyu Auto Parts Co. Ltd.
• Yura Tech Co. Ltd.
• Hidria doo.
• Prenco Progress & Engineering Corporation
• Ningbo Xingci Thermal Electric Appliances Co. Ltd.
• ACDelco
• Cummins Inc.
• Autolite
• Yanmar Co. Ltd.
• Dreik Auto-Parts Co. Ltd
• Wenzhou Bolin Automobile Parts Co. Ltd.
• E3 Spark Plugs
• Zenith Industries
• Chongqing Le-Mark Technology Co. Ltd.
• China Ningbo Fushi Glowplug Co.Ltd.
What Is The Most Dominant Region In The Automotive Glow Plug Market?
Asia-Pacific was the largest region in the automotive glow plug market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive glow plug market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
