Automotive Glow Plug Market Dynamics, Recent Developments, and Strategic Insights by 2031

The automotive glow plug market is expected to register a CAGR of 3.5% during 2023–2031. The rising advancement in glow plug materials is the key future trend in the global market in the coming years.

Automotive Glow Plug Market Analysis

• Rising automotive production across the globe is a critical factor in driving the automotive glow plug market growth. Several manufacturers are investing in advanced technology-based design to improve the overall automotive performance and to improve the overall efficiency of the vehicles.
• The automotive glow plugs help in assisting diesel engine cold starts. The automotive glow plug market is significantly growing with the surge in diesel engine production. The technological advancements in glow plug production to enhance overall fuel efficiency and reduce carbon emissions are expected to propel the global automotive glow plug market growth.

Automotive Glow Plug Market Overview

• A glow plug is a heating element that heats incoming fuel and air to boost efficient fuel combustion in a diesel engine. Increasing awareness of carbon emissions and fuel consumption has led to advancements in diesel engines. It resulted in an improvement in glow plug manufacturing. The rise in high fuel efficiency and technological advancement, such as pressure sensor glow plugs, is creating an opportunity for the automotive glow market.

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Automotive Glow Plug Market: Strategic Insights

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Automotive Glow Plug Market Drivers and Opportunities

An increase in automobile production across the globe drives market growth.

• The automotive glow plugs market has shown significant growth owing to increasing vehicle production across the globe. According to the International Organization of Motor Vehicle Manufacturers Report in 2023, the globe vehicle production reached 93.5 million units increased by 8.6% compared to 2022. Automotive glow plugs come in different designs with hexagon head, that allows easy installation and removal. This threaded plug ensures a secured fit into the vehicle’s cylinder head. 
• With the rising expansion and sale of passenger and commercial cars, the demand for automotive glow plugs is also increasing. The rising production of automobiles has impacted the growth of diesel engines. As per Engine Technology Forum, diesel vehicles sold in the US in Q1 2024 are 1,36,180 units, i.e., 3.6% of total vehicles sold. The glow plug market is expanding with the increasing use of diesel engines.

Development of the automotive industry in developing countries

• The automotive industry is experiencing remarkable growth in developing countries like China, India, Brazil, and others because of the rising economies, increase in disposable income, and changing customer preferences. This expansion is beneficial for the growth of the automotive glow plug market growth.
• The future of the automotive glow plugs market is developing significantly. The rising demand for lightweight cars is because of the better mileage they provide, with enhancement in fuel efficiency with the help of glow plugs.

Automotive Glow Plug Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Automotive Glow Plug market analysis are product type and vehicle type.

• Based on product type, the metal glow and ceramic glow.
• Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles

Automotive Glow Plug Market Share Analysis by Geography

• The automotive glow plug market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Glow Plug market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive glow plug market in these regions.

Automotive Glow Plug Market Regional Insights

The regional trends and factors influencing the Automotive Glow Plug Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automotive Glow Plug Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Glow Plug Market Report Scope

Automotive Glow Plug Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Glow Plug Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Automotive Glow Plug Market are:

1. Denso Corporation
2. NGK Spark Plug Co. Ltd
3. Robert Bosch GmbH
4. BorgWarner Inc. and Tenneco Inc.
5. Federal-Mogul Corporation
6. ACDelco Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Automotive Glow Plug Market News and Recent Developments

The Automotive Glow Plug market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Glow Plug market are listed below:

• Kyocera Corporation, the world leader in Fine Ceramic technology, today introduced a Silicon Nitride (SN) light source for high-performance Fourier Transform Infrared (FTIR) spectrometers, developed using its SN heater and glow plug IP portfolio. Kyocera’s SN heaters have been regarded as the most robust and fastest-ramping heaters in the world, durable enough to serve as glow plugs for diesel engines and igniters for industrial boilers, residential gas furnaces and Solid Oxide Fuel Cells (SOFCs). (Source: Kyocera Corporation, Company Website, November 2023)

Automotive Glow Plug Market Report Coverage and Deliverables

The “Automotive Glow Plug Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive Glow Plug market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive Glow Plug market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Automotive Glow Plug market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Glow Plug market
• Detailed company profiles