Global Spark Plug Market 2019:Industry Emerging Trends And Competitive Landscape
6-feb-2019 The global spark plug market is projected to witness a higher CAGR of 4.19% by 2023. The government in developed and developing countries has imposed a permissible upper limit for automobile pollution, which in turn calls for spark plugs as a necessary component in automotive. Rise in production units and revenue share of market is likely to trigger the market growth during the forecast period. Technological improvements in spark plug category in automobiles is likely to contribute to the market growth during the forecast period. In addition, strategic alliances and emphasis of business players on market expansion is likely to stimulate the market growth during the forecast period. By type, the spark plug market comprises platinum spark plug, double platinum spark plug, iridium spark plug and copper spark plug . Application segment for spark plug market includes commercial vehicles, heavy commercial vehicles and passenger vehicles. Product segment for spark plug market...