In this report, the global Automotive Ignition Coil market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2025, growing at a CAGR of XX% during the period 2019 to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2019 to 2025.
The Automotive Ignition Coil market report firstly introduced the basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the Automotive Ignition Coil market report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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The major players profiled in this Automotive Ignition Coil market report include:
Increasing demand for vehicles that do not require an ignition coil hampering the growth of the market
In order to tackle the threat of increasing air pollution originating from the exhaust of automobiles plying on the roads, there is an increased emphasis on the development of vehicles that run on alternative power sources. Combined with this, fluctuation in oil prices further aggravates the situation and fossil fuel based economic development is not perceived as sustainable. Especially in developed regions such as North America and Europe, there is an increasing adoption and use of electric cars such as battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV) and their use has increased manifold over the past few years. Furthermore, the research and development going on in powering cars with solar energy has further intensified the market growth of such vehicles. This, coupled with increasing urban population, incentives for electric vehicles, decreasing battery prices, strengthening public transportation infrastructure in developed and emerging countries and inter-governmental initiatives for electric vehicles are promoting the use and propagation of electric cars all across the world. As ignition coils are not used in electric cars, the aforesaid factors are expected to pose a significant challenge to the growth of the global automotive ignition coil market over the coming years.
Global Automotive Ignition Coil Market Attractiveness Analysis, by Vehicle Type
As far as vehicle type segment is concerned, the passenger cars segment with a market attractiveness rating of 5.0 is expected to be a highly attractive segment during the forecast period in the global automotive ignition coil market. The passenger cars segment is expected to witness growth mainly due to increasing demand for compact cars. This segment is estimated to be valued at more than US$ 1,920 Mn in 2017 and this is anticipated to increase to approximately US$ 2,965 Mn by the end of the forecast period, witnessing the highest segmental value CAGR of 4.8% in the global automotive ignition coil market.
The HCV segment is projected to account for about 5.1% of the total market share in terms of value during the assessment period. The LCV segment is expected to exhibit a CAGR of 3.1% in terms of value during the assessment period.
Pencil ignition coil is the most attractive product type and the Asia Pacific Excluding Japan region is the most attractive region in the global automotive ignition coil market
The pencil ignition coil product type segment remains the key product type segment, accounting for over 1/3rd of the total automotive ignition coil sales in the year 2015. Due to the reduction in the size of engines, the production of pencil type ignition coil receives a further boost. As far as the most lucrative and dynamic region is concerned, Asia Pacific Excluding Japan (APEJ) and Western Europe are likely to remain at the forefront in the global automotive ignition coil market (both from the supply side and demand side) all through the assessment period. There is a significant market potential in the growing markets of China, India and Germany.
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The study objectives of Automotive Ignition Coil Market Report are:
To analyze and research the Automotive Ignition Coil market status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the Automotive Ignition Coil manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions Automotive Ignition Coil market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the Automotive Ignition Coil market.
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