Overview of the global two-wheeler spark plugs market

Technavio’s market research report predicts that the global two-wheeler spark plugs market will grow at a CAGR of above 6% during the forecast period. The increase in personal mobility that drives the higher sales volume of two-wheelers is one of the primary drivers for market growth. The rising need for personal mobility leads to the growth in sales of two-wheelers. However, the increasing traffic congestion has curbed the personal mobility due to the decrease in the speed of traffic. It has been observed that in cities like Beijing in China and Bengaluru in India, the traffic speeds are about 8 miles/ hour during peak hours. To counter the long waiting hours in traffic, the two-wheeler scooter segment is the preferred option as they offer more flexibility and personal mobility on congested roads. This increased popularity of the scooter segment will lead to a significant increase in its sales, consecutively driving the demand for two-wheeler spark plugs during the forecasted period.

The recent years witnessed a rising preference for iridium spark plugs across vehicle manufacturers in the commuter segment due to its reliability and durability. In addition to requiring low voltage that reduces the load on the ignition system, iridium spark plugs also cover an average of about 30,000 miles. Also, these spark plugs give out a precise spark every time resulting in efficient combustion, in turn, increasing the fuel economy. As a result, the coming years will witness an exponential increase in the need for iridium spark plugs, which will be one of the major trends that gaining traction in the two-wheeler spark plugs market.

Competitive analysis and key vendors

The two-wheeler spark plugs market consists of limited players and the competition is likely to intensify with the rising need to produce spark plugs that are robust and efficient. Since the cost of two-wheeler spark plugs is less, two-wheeler manufacturers do not focus on entering the market and prefer procuring spark plugs from suppliers. As a result, the market will consist of only a limited number of players during the predicted period as well.

Key vendors in the market are:

• Bosch
• DENSO
• Valeo

Other prominent vendors include NGK Spark Plugs, Federal-Mogul, and Magneti Marelli.

Segmentation by product-type and analysis of the two-wheeler spark plugs

• Commuter segment
• Luxury segment

During 2016, the commuter segment dominated the global two-wheeler spark plugs market and is expected to continue its dominance over the next four years. The increased sales of commuter class two-wheelers in the developing countries such as India and China drives the growth of the segment across the globe.

Geographical segmentation and analysis of the two-wheeler spark plugs

• Americas
• APAC
• Europe

In terms of geography, APAC led the global two-wheeler spark plugs market during 2016 and is foreseen to continue the domination during the forecast period. Factors such as the increase in disposable income, the launch of new two-wheeler models by OEMs, and the growing need for personal mobility contribute to the growth of the market in the region. Moreover, increase in traffic congestion, lack of efficient public transportation systems, and high growth of luxury segment motorcycles due to low penetration also augments the market’s growth in APAC.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global two-wheeler spark plugs market?
• What are the key market trends impacting the global two-wheeler spark plugs market?
• What are the challenges to market growth?
• Who are the key vendors in the global two-wheeler spark plugs market?
• What are the market opportunities and threats faced by the global two-wheeler spark plugs market?
• Trending factors influencing the market shares of
• What are the key outcomes of the five forces analysis of the global two-wheeler spark plugs market?

Technavio also offers customization on reports based on specific client requirement.