Automotive Ignition System Market 2020 Global Industry Forecast To 2025 Research Report is latest Global Automotive Ignition System Industry Report published by Market Research Future. According to Market Research Future (MRFR), the global Automotive Ignition System market is estimated to rise at a 8.5% CAGR during the forecast period (2017 to 2025). Growth of Aftermarket to Expand Automotive Ignition System Market. Rising Investments in Increasing Vehicle Production to Expand Automotive Ignition System Market.
Global Automotive Ignition System Market Information Report, By Type (Conventional, Electronic and Distributor-less), By Component (Ignition Coil, Ignition Switch, Condenser, Spark Plug, Ignition Resistor and Others) and By Region – Forecast To 2023.
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Market Synopsis
The global automotive ignition system market 2020 is anticipated to gain popularity due to rising disposable income among the population across the world. It has been observed that the economic development on the global front is poised to boost demand for automobiles. It is, in turn, poised to drive growth of the automotive ignition system market. An observation presented by Market Research Future MRFR highlights that the automotive ignition system market is supposed to strike 8.5% CAGR across the review period. It is also prognosticated to scale value worth 10.8 Bn by the end of 2023.
Petrol cars have a higher lifespan compared to diesel cars. This factor is assumed to drive the demand for petrol cars that requires the installation of automobile ignition system. Increase in demand for automobiles which run on petrol is supposed to drive the growth of the automotive ignition system market in the coming years. Also, people are investing in automobiles for a long term. It has boosted investments in maintenance and servicing to elongate the lifespan of vehicles. This, in turn, is assumed to drive the growth of the automotive ignition system market in the forthcoming years. The growth of the aftermarket is also expected to reflect on the expansion of the automotive ignition system market. In addition, exponential investments in research and development is also prognosticated to contribute to proliferation of the market.
Developing regions are lucrative spots for investments for the growth of the automotive industry. The availability of cheap labor and presence of lenient laws are likely to encourage investments from global automotive industry leaders. It is also presumed to drive the expansion of the automotive ignition system market over the forecast period. The introduction of fuel-efficient and lightweight auto components such as automotive ignitions coil, switch, etc. is another driver of demand for ignition system in automotive industry. However, the rising concerns regarding environmental protection and rising fuel prices have led to the rising adoption of electric cars. It is supposed to restrict the growth of the automotive ignition system market in the upcoming years. Also, the strict regulations being implemented for curbing carbon emissions is anticipated to check the expansion of the automotive ignition system market in the foreseeable future.
Market Segmentation
For a detailed assessment, the segmental analysis of the automotive ignition system market is included on the basis of type and component. Based on type, the segments of the market include conventional, electric, and distributor less. Among these the demand for conventional segment is anticipated to expand exponentially followed with the demand for electronic segment.
On the basis of component, the automotive ignition system market has been segmented into ignition switch, ignition coil, spark plug, condenser, ignition resistor, and others.
Regional Analysis
The regional study of the global automotive ignition system market has been covered in this report on both country-level and regional basis. The main regions covered are as follows – North America, Asia-Pacific (APAC), Europe, and the Rest of the World (RoW). Asia Pacific is presumed to capture the highest share of the market in the forthcoming years. Increasing production of automobiles and auto components is anticipated to lead the proliferation of the automotive ignition system market in the coming years. However, the government in China is supporting the shift to electric vehicles. This can restrict market growth in the foreseeable future. North America is supposed to follow the APAC market in terms of revenue. Introduction of advanced fuel-efficient auto components is expected to boost the growth of the automotive ignition system market in the region.
Competitive Dashboard
Delphi Automotive, DENSO, Robert Bosch, Borgwarner, Mitsubishi Electric Corporation, Federal-Mogul Corporation, Continental AG, Diamond Electric, and Hitachi Automotive Systems.
Major Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Researc
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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