Automotive Ignition Cable Market size
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The global automotive ignition system market size was valued at $12.8 billion in 2022, and is projected to reach $22.9 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
The global automotive ignition cable market is anticipated to witness a growth of steady CAGR in the forecast period. The rise in the installation of electronic components in automobiles increased production and sales of passenger cars and commercial vehicles, and stringent government regulations regarding vehicle emission are the primary factors driving the growth of the global automotive ignition cable market in the forecast period.
Ignition cable in automobiles is used to connect ignition coil or distributor to the spark plugs. The end of ignition cables is attached with clips to connect it with a spark plug to prevent the ignition cables from becoming loose with engine vibration. Combustion or starting of the engine requires the supply of high voltage spark which travels through these ignition cables.
Rise In Demand for Passenger Car and Commercial Vehicle Drives Market Growth
Worldwide production of vehicles totaled 77.62 million in the year 2020. Increased income capability of consumers, increasing preference towards individual vehicle ownership, and advent of low-cost, high-performance passenger vehicles are stimulating demand for passenger vehicles worldwide. Ignition cable finds application in automobiles for spark plug connection to the ignition coil and thus, with the rising demand for passenger cars, demand for ignition cables will see stable growth in the forecast period. The United States is providing profitable prospects for the global automotive ignition cable market expansion based on the presence of well-established technical infrastructure and strong demand for technologically advanced passenger vehicles in the nation.
Continuous trade activities, the booming e-commerce sector, and initiatives to improve the major automobile companies' supply chain and distribution networks are the reasons behind the increase in demand for high-speed commercial vehicles globally. Industrialization, infrastructure development, and construction activities fuel the production and sale of commercial vehicles. With the high demand and production and sales of commercial vehicles, the demand for the global automotive ignition cable market will increase during the forecast period.
Oncoming and Upcoming Technological Advancement Supports Market Growth
Spark plugs are used widely in petroleum-based vehicles. The ignition cable is a critical component in igniting the vehicle. Increased sales of ICE engine vehicles are anticipated to drive the demand for global automotive ignition cable market growth in the forecast period. Enforcing strict norms and regulations to check global warming and minimize the carbon footprint into the environment is driving the growth of sophisticated gasoline engines with increased fuel mileage and low emission capacity. Premium investments by the market participants in research and development activities to produce next-generation engines by making design changes that necessitate special ignition systems. Emergence of sophisticated ignition systems and vehicles and greater attention of manufacturers to enhance durability, low price, and high performance of spark plugs and ignition cables are anticipated to generate profitable opportunities for the growth of the global automotive ignition cable market during the next five years.
Market Segmentation
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The global automotive ignition cable market is segmented based on vehicle type, propulsion, demand category, regional distribution, and company. Based on the vehicle type, the global automotive ignition cable market is divided into two-wheeler, passenger car, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV), and OTR. Based on fuel type, the global automotive ignition cable market is divided into petrol/CNG, diesel, and others. Based on the demand category, the global automotive ignition cable market is divided into OEM and aftermarket. To analyze the market based on the region, the global automotive ignition cable market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa.
The automotive ignition cable market is segmented based on
- Vehicle Type Passenger cars, light commercial vehicles, and heavy commercial vehicles.
- Fuel Type Petrol/CNG, diesel, and others.
- Demand Category OEM (Original Equipment Manufacturer) and aftermarket.
- Region North America, Asia-Pacific, Europe, and other regions.
Market Players
Cook Bonding & Manufacturing Co., Inc.
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Attribute |
Details |
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Base Year |
2021 |
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Historic Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Vehicle Type · Fuel Type · Demand Category |
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Regional scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country scope |
United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt |
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Key companies profiled |
Continental AG, Robert Bosch GmbH, Knott Brake Co, Cook Bonding & Manufacturing Co., Inc., Phoenix Friction Products |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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