Automotive Ignition Coil Market Expected to Grow at a CAGR of 4.5% During 2016 to 2026
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<strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong>: Global Industry<br />
Analysis and Opportunity Assessment, <strong>2016</strong>-<strong>2026</strong><br />
May 2017<br />
Report Id : REP-GB-2055<br />
St<strong>at</strong>us : Apr-17<br />
C<strong>at</strong>egory : <strong>Au<strong>to</strong>motive</strong> & Transport<strong>at</strong>ion<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong><br />
Booming Sales <strong>of</strong> EVs & Plug-in Hybrids Curtailing the Demand for <strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong>s<br />
Over the past few years, the adoption <strong>of</strong> electric vehicles (EVs) such as b<strong>at</strong>tery electric vehicle (BEV) and<br />
plug-in hybrid electric vehicles (PHEV) in developed countries such as, North America and Europe has<br />
increased multi-fold. While these developments are being directed for the gre<strong>at</strong>er good <strong>of</strong> harnessing<br />
solar energy <strong>to</strong> power au<strong>to</strong>mobiles, they have incidentally curbed the demand for au<strong>to</strong>motive ignition<br />
coils. Government initi<strong>at</strong>ives, strengthening transport<strong>at</strong>ion infrastructure and decreasing b<strong>at</strong>tery prices<br />
serve as proponents <strong>of</strong> EVs, but also impede the demand for ignition coils as they are not utilized <strong>to</strong><br />
power electric cars.<br />
Future <strong>Market</strong> Insights’ l<strong>at</strong>est report on global au<strong>to</strong>motive ignition coil market projects th<strong>at</strong> increasing<br />
demand for electric vehicles, which do not require ignition coil, will restrain the market <strong>to</strong> grow <strong>at</strong> gre<strong>at</strong>er<br />
pace. The report reveals th<strong>at</strong> the market is presently valued <strong>at</strong> an estim<strong>at</strong>ed US$ 2.46 Bn, and will soar <strong>at</strong><br />
a modest <strong>CAGR</strong> <strong>of</strong> <strong>4.5%</strong> <strong>to</strong> reach US$ 3.8 Bn value by the end <strong>of</strong> <strong>2026</strong>. Nevertheless, leading au<strong>to</strong>makers<br />
in the world will continue <strong>to</strong> count upon au<strong>to</strong>motive ignition coils for improving efficiency <strong>of</strong> their<br />
au<strong>to</strong>motive <strong>of</strong>ferings. Key players th<strong>at</strong> will be actively particip<strong>at</strong>ing in the growth <strong>of</strong> global au<strong>to</strong>motive<br />
ignition coil market include, Denso Corpor<strong>at</strong>ion, Federal-Mogul Corpor<strong>at</strong>ion, NGK Spark Plug Co., Ltd.,<br />
BorgWarner Ludwigsburg GmbH, Valeo SA, Robert Bosch GmbH, Delphi <strong>Au<strong>to</strong>motive</strong> PLC, Hitachi<br />
<strong>Au<strong>to</strong>motive</strong> Systems Americas, Inc., Mitsubishi Electric Corpor<strong>at</strong>ion, Standard Mo<strong>to</strong>r Products, Marshall<br />
Electric Corp, and AcDelco.<br />
Moreover, adoption <strong>of</strong> au<strong>to</strong>motive ignition coils is also expected <strong>to</strong> soar owing <strong>to</strong> their compliance <strong>to</strong><br />
stringent fuel efficiency & emission norms.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong><br />
In addition <strong>to</strong> this, new product development and str<strong>at</strong>egic partnerships with OEMs will be observed as<br />
lucr<strong>at</strong>ive opportunities for au<strong>to</strong>motive ignition coil businesses across the world.<strong>Ignition</strong> coil<br />
manufacturers entering long-term contracts with OEMs for ensuring continued business consolid<strong>at</strong>ion<br />
will also help them reduce production costs and increase pr<strong>of</strong>it margins. Over 90% <strong>of</strong> the market’s value<br />
is accounted by sales <strong>of</strong> au<strong>to</strong>motive ignition coils through OEMs.<br />
Engine downsizing also plays a crucial role in increasing the overall fuel efficiency <strong>of</strong> the vehicle by<br />
reducing its overall weight. Modern engines are more compact and require efficient components th<strong>at</strong><br />
occupy the least space inside an engine’s assembly. In 2017 and beyond, the demand for double spark<br />
ignition coils will remain considerably high. <strong>During</strong> the forecast period, over 50% <strong>of</strong> global au<strong>to</strong>motive<br />
ignition coil revenues will be accounted by sales <strong>of</strong> double spark coils.<br />
On an average, sales <strong>of</strong> compact or mid-size cars account for 55%-63% share <strong>of</strong> global car sales. Thus, this<br />
segment <strong>of</strong>fers lucr<strong>at</strong>ive opportunities for deployment <strong>of</strong> au<strong>to</strong>motive ignition coils. By <strong>2026</strong>-end, over<br />
three-fourth <strong>of</strong> global sales <strong>of</strong> au<strong>to</strong>motive ignition coils will be accounted by passenger cars, revenues<br />
from which are expected <strong>to</strong> soar <strong>at</strong> 4.8% <strong>CAGR</strong>. The report also includes regional analysis <strong>of</strong> global<br />
au<strong>to</strong>motive ignition coil market, which indic<strong>at</strong>es APEJ (Asia-Pacific excluding Japan) region as the largest<br />
market for au<strong>to</strong>motive ignition coils. Contribution <strong>of</strong> APEJ countries <strong>to</strong>wards global au<strong>to</strong>mobile<br />
production is cited as a key fac<strong>to</strong>r for recording highest sales <strong>of</strong> ignition coils. The au<strong>to</strong>motive ignition coil<br />
market in Middle East & Africa is also expected <strong>to</strong> remain lucr<strong>at</strong>ive, showcasing revenue growth <strong>at</strong> 5.1%<br />
<strong>CAGR</strong>.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
Table <strong>of</strong> Content<br />
1. Executive Summary<br />
2. <strong>Market</strong> Introduction<br />
2.1 <strong>Market</strong> Definition<br />
2.2 <strong>Market</strong> Taxonomy<br />
2.3. Parent / Associ<strong>at</strong>ed <strong>Market</strong> Overview<br />
3. Global <strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong> Analysis Scenario<br />
3.1 <strong>Market</strong> Volume Analysis<br />
3.2 Pricing Analysis<br />
3.2.1. Pricing Assumptions<br />
3.2.2. Price Projections per Region<br />
3.3 <strong>Market</strong> Size (US$ Mn) and Forecast<br />
3.3.1. <strong>Market</strong> Size and Y-o-Y <strong>Grow</strong>th<br />
3.3.2. Absolute $ Opportunity<br />
3.4. <strong>Market</strong> Overview<br />
3.4.1. Value Chain<br />
3.4.2. Pr<strong>of</strong>itability Margins<br />
3.4.3. List <strong>of</strong> Active Participants<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
4. <strong>Market</strong> Dynamics<br />
3.4.3.1. Component Suppliers<br />
3.4.3.2. Manufacturers<br />
3.4.3.3. Distribu<strong>to</strong>rs / Retailers<br />
4.1. Macro-economic Fac<strong>to</strong>rs<br />
4.2. Drivers<br />
4.3. Restraints<br />
4.4. Opportunity<br />
4.5. Regul<strong>at</strong>ions<br />
4.6. Forecast Fac<strong>to</strong>rs – Relevance and Impact<br />
5. Global <strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong> Analysis and Forecasts, by Product Type<br />
5.1. Introduction<br />
5.2. Basis Point Share (BPS) Analysis by Product Type<br />
5.3. Y-o-Y <strong>Grow</strong>th Projections by Product Type<br />
5.4. <strong>Market</strong> Value and Volume Forecast by Product Type<br />
5.4.1. Can-type <strong>Ignition</strong> <strong>Coil</strong><br />
5.4.2. Electronic Distribu<strong>to</strong>r <strong>Coil</strong><br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table <strong>of</strong> Content<br />
5.4.3. Double Spark <strong>Coil</strong><br />
5.4.4. Pencil <strong>Ignition</strong> <strong>Coil</strong><br />
5.4.5. <strong>Ignition</strong> <strong>Coil</strong> Rail<br />
5.4.6. Others<br />
5.5. Prominent Trends<br />
5.6. <strong>Market</strong> Attractiveness by Product Type<br />
6. Global <strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong> Analysis and Forecasts, by Vehicle Type<br />
6.1. Introduction<br />
6.2. Basis Point Share (BPS) Analysis by Vehicle Type<br />
6.3. Y-o-Y <strong>Grow</strong>th Projections by Vehicle Type<br />
6.4. <strong>Market</strong> Value and Volume Forecast by Vehicle Type<br />
6.4.1. Passenger Cars<br />
6.4.2. Light Commercial Vehicle (LCV)<br />
6.4.3. Heavy Commercial Vehicle (HCV)<br />
6.5. Prominent Trends<br />
6.6. <strong>Market</strong> Attractiveness by Vehicle Type<br />
7. Global <strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong> Analysis and Forecasts, by Sales Channel<br />
7.1. Introduction<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
8
Table <strong>of</strong> Content<br />
7.2. Basis Point Share (BPS) Analysis by Sales Channel<br />
7.3. Y-o-Y <strong>Grow</strong>th Projections by Sales Channel<br />
7.4. <strong>Market</strong> Value and Volume Forecast by Sales Channel<br />
7.4.1. OEM<br />
7.4.2. Aftermarket<br />
7.5. Prominent Trends<br />
7.6. <strong>Market</strong> Attractiveness by Sales Channel<br />
8. Global <strong>Au<strong>to</strong>motive</strong> <strong>Ignition</strong> <strong>Coil</strong> <strong>Market</strong> Analysis and Forecasts, by Region<br />
8.1. Basis Point Share (BPS) Analysis by Region<br />
8.2. Y-o-Y <strong>Grow</strong>th Projections by Region<br />
8.3. <strong>Market</strong> Value and Volume Forecast by Region<br />
8.3.1. North America<br />
8.3.2. L<strong>at</strong>in America<br />
8.3.3. Western Europe<br />
8.3.4. Eastern Europe<br />
8.3.5. APEJ<br />
8.3.6. Japan<br />
8.3.7. MEA<br />
8.4. <strong>Market</strong> Attractiveness by Region<br />
8.5. Prominent Trends<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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