Automotive Ignition Cable Market Size 2027: Projected Growth and Opportunities | Techsci Research

Automotive Ignition Cable, also known as spark plug wires or ignition wires, is an integral component of the ignition system in an automobile. It is responsible for transmitting electrical impulses from the ignition coil to the spark plugs, which ignite the fuel in the engine's combustion chamber. Proper ignition cables are necessary to affect the engine operation, prevent rough stalls, and other issues.

TechSci Research's report on the "Automotive Ignition Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027" projects a steady growth rate for the global automotive ignition cable market during the forecast period of 2023-2027. The ignition system plays a crucial role in an automobile by providing starting power to its mechanical and electrical components.

The market demand for global automotive ignition cable is being positively influenced by an increase in vehicle production, growing urbanization, per capita income growth, and improving living standards. However, the introduction of electric cars could potentially hinder the market growth during the forecast period. The global automotive ignition cable market is segmented based on vehicle type, fuel type, demand category, company, and regional distribution.

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The global automotive ignition cable market is categorized by fuel type, including petrol/CNG, diesel, and others. Petrol/CNG is projected to hold a substantial market share during the forecast period, owing to the large number of on-road vehicles that run on ICE engines and the high demand for automobiles using petrol/CNG, making them the largest market share.

The global automotive ignition cable market is also segmented by demand category into OEM and aftermarket, with aftermarket expected to have a significant market share in the next five years. As ignition cables wear down after traveling a certain distance and time, proper ignition cables are crucial to affect engine operation, prevent rough stalls, and address other issues. Market players offer high-quality and high-performance ignition cables that vary based on the vehicles on which they are used. The adoption of online sales platforms by market players to reach a wider audience and availability of ignition cables with attractive discounts are fueling the demand for ignition cables.

Based on regional analysis, the Asia-Pacific region dominates the global market and is expected to maintain its dominance throughout the forecast period. The major drivers for the global automotive ignition cable market are the increase in consumer purchasing capacity and the rise in sales and production of automobiles in the region. China, being one of the largest automobile manufacturers globally and holding a significant market share, is promoting the adoption of new-energy vehicles to reduce emissions from petrol and gas engines. The high sales of vehicles in countries like China, Japan, South Korea, and India, as well as major manufacturers in the region, contribute to higher market demand.

Major market players operating in the global automotive ignition cable market are:

• The NGK Spark Plug Co., Ltd.
• Denso Corporation
• Robert Bosch GmbH
• BorgWarner Inc.
• Prysmian Group
• Sentech Limited

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“The rise in the pollution caused by automobiles has led to advancements in the ignition system technology to improve the vehicle's efficiency and fuel economy, such as electronic ignition, which provides cleaner combustion to the vehicle. An increase in research and development activities and ongoing technological advancements to improve vehicle performance positively impact the market. An increase in the average life of vehicles is bolstering the maintenance and repair activities which include the replacement of ignition cables and growing automotive aftermarket industry are expected to propel the global automotive ignition cable market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Ignition Cable Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), OTR), By Fuel Type (Petrol/CNG, Diesel, Others), By Demand Category (OEM, Aftermarket), and By Region”, has evaluated the future growth potential of global automotive ignition cable market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global automotive ignition cable market.

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