Global Automotive Spark Plug Market is projected to exhibit a CAGR of 8.39
The Automotive Spark Plug industry was 6611.94 million USD in 2017 and is projected to reach 10,720 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 8.39
The Automotive Spark Plug industry was 6611.94 million USD in 2017 and is projected to reach 10,720 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 8.39
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<strong>Global</strong> <strong>Au<strong>to</strong>motive</strong> <strong>Spark</strong> <strong>Plug</strong> <strong>Market</strong><br />
<strong>is</strong> <strong>projected</strong> <strong>to</strong> <strong>exhibit</strong> a <strong>CAGR</strong> <strong>of</strong><br />
<strong>8.39</strong>% between 2017 and 2023<br />
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The <strong>Au<strong>to</strong>motive</strong> <strong>Spark</strong> <strong>Plug</strong> industry was 6611.94 million USD in 2017<br />
and <strong>is</strong> <strong>projected</strong> <strong>to</strong> reach 10,720 million USD by 2023, at a <strong>CAGR</strong><br />
(Compounded Annual Growth Rate) <strong>of</strong> <strong>8.39</strong>% between 2017 and 2025.<br />
The market <strong>is</strong> driven by various end-user industries, such as<br />
passenger vehicles and commercial vehicles.<br />
The industry <strong>is</strong> concentration, the key brand includes NGK, Bosch,<br />
Federal Mogul, Deso, AC Delco, FRAM Group, Weichai and NLDSP are<br />
the leaders.<br />
Click <strong>to</strong> view the full report TOC, figure and tables:<br />
https://www.qyresearch.com/index/detail/429372/globalau<strong>to</strong>motive-spark-plugs-market<br />
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The leading companies own the advantages on better performance, more<br />
abundant product’s types, better technical and impeccable after-sales<br />
service. Consequently, they take the majority <strong>of</strong> the market share <strong>of</strong><br />
high-end market. Looking <strong>to</strong> the future years, the slow downward price<br />
trend in recent years will maintain. As competition intensifies, prices gap<br />
between different brands will go narrowing. Similarly, there will be<br />
fluctuation in gross margin.<br />
The industry <strong>is</strong> expected <strong>to</strong> remain innovation-led, with frequent<br />
acqu<strong>is</strong>itions and strategic alliances adopted as the key strategies by the<br />
players <strong>to</strong> increase their industry presence. <strong>Market</strong> stays in mature<br />
period with a clear concentration. Meanwhile, optimize product mix and<br />
further develop value-added capabilities <strong>to</strong> maximize margins.<br />
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• The <strong>Global</strong> <strong>Au<strong>to</strong>motive</strong> <strong>Spark</strong> <strong>Plug</strong> <strong>Market</strong> Research Report 2018 released by<br />
QYResearch provides a basic overview <strong>of</strong> the <strong>Au<strong>to</strong>motive</strong> <strong>Spark</strong> <strong>Plug</strong> industry,<br />
including definition, classification, application and industrial chain structure.<br />
D<strong>is</strong>cuss development policies and plans as well as manufacturing processes and<br />
cost structures.<br />
• The report then focuses on major industry players in <strong>Global</strong>, including company<br />
pr<strong>of</strong>iles, product images and specifications, sales, market share, and contact<br />
information. More importantly, the <strong>Au<strong>to</strong>motive</strong> <strong>Spark</strong> <strong>Plug</strong> industry development<br />
trends and marketing channels were analyzed. Providing the main stat<strong>is</strong>tical<br />
data on the current status <strong>of</strong> the industry <strong>is</strong> a valuable guide and direction for<br />
companies and individuals interested in the market.<br />
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