DUBLIN--(BUSINESS WIRE)--The "Automotive Ignition Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Vehicle Type, Medium & Heavy Commercial Vehicle, OTR), By Fuel Type, By Demand Category, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global automotive ignition cable market is projected to grow at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rise in the installation of electronic components in automobiles and increased production and sales of passenger cars and commercial vehicles. Besides, stringent government regulations regarding vehicle emissions in the country are contributing to the growth of the global automotive ignition cable market.
In automobiles, an ignition cable connects the ignition coil or distributor to the spark plugs. To prevent the ignition cables from becoming loose due to engine vibration, the ends of the cables are clipped to a spark plug. The supply of a high voltage spark, which travels through these ignition cables, is required for engine combustion or starting.
Consumers' increasing income capacity, rapid shift in preference for private vehicle ownership, and the introduction of affordable, high-performance passenger cars are driving global demand for passenger cars. Ignition cables are used in automobiles to connect the spark plug to the ignition coil. As the demand for passenger cars rises, the demand for ignition cables is expected to increase steadily over the forecast period. Because of its well-developed technical infrastructure and high demand for advanced passenger cars, the United States offers lucrative opportunities for global automotive ignition cable market growth.
Ongoing trade activities, thriving e-commerce industry, and efforts to strengthen the major automotive companies' supply chain and distribution channels are some factors contributing to the global surge in demand for high-speed commercial vehicles. Rapid industrialization, infrastructure development, and construction activities are also accelerating commercial vehicle production and sales. The global automotive ignition cable market is expected to grow during the forecast period due to the high demand, production, and sales of commercial vehicles.
Spark plugs are widely used in petroleum-powered vehicles. The ignition cable is crucial in starting the vehicle. High ICE engine automobile sales are expected to drive global automotive ignition cable market growth during the forecast period. Implementing strict norms and regulations to combat global warming and reduce the environmental carbon footprint is hastening the development of advanced gasoline engines with higher fuel mileage and low emission capability. High-end investments in research and development by market participants to create next-generation engines, which is expected to aid the market growth.
The development of advanced ignition systems and automobiles and manufacturers' increased focus on improving the durability, low cost, and high performance of spark plugs and ignition cables are expected to create lucrative opportunities for global automotive ignition cable market growth over the next five years.
The global automotive ignition cable market is segmented based on vehicle type, propulsion, demand category, regional distribution, and company. Based on region, the Asia-Pacific region is expected to dominate the global automotive ignition cable market during the forecast period, owing to an increase in consumer purchasing capacity and a rise in sales and production of automobiles in the region.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
In this report, global automotive ignition cable market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Automotive Ignition Cable Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Medium & Heavy Commercial Vehicle (M&HCV)
Automotive Ignition Cable Market, By Fuel Type:
Automotive Ignition Cable Market, By Demand Category:
Automotive Ignition Cable Market, By Region:
- North America
- United States
- South Korea
- Europe & CIS
- United Kingdom
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Automotive Ignition Cable Market
5. Voice of Customer
6. Global Automotive Ignition Cable Market Outlook
7. North America Automotive Ignition Cable Market Outlook
8. Asia Pacific Automotive Ignition Cable Market Outlook
9. Europe & CIS Automotive Ignition Cable Market Outlook
10. South America Automotive Ignition Cable Market Outlook
11. Middle East and Africa Automotive Ignition Cable Market Outlook
12. Market Dynamics
13. Market Trends and Developments
14. Competitive Landscape
15. Strategic Recommendations
- The NGK Spark Plug Co., Ltd.
- Denso Corporation
- Robert Bosch GmbH
- BorgWarner Inc.
- Prysmian Group
- Sentech Limited
For more information about this report visit https://www.researchandmarkets.com/r/7cyrrm
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900