Global Automotive Spark Plug Market is projected to exhibit a CAGR of 8.39% between 2017 and 2023

Global Automotive Spark Plug Market is projected to exhibit a CAGR of 8.39% between 2017 and 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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 The Automotive Spark Plug industry was 6611.94 million USD in 2017 and is projected to reach 10,720 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 8.39% between 2017 and 2025.

The market is driven by various end-user industries, such as passenger vehicles and commercial vehicles.  The industry is concentration, the key brand includes NGK, Bosch, Federal Mogul, Deso, AC Delco, FRAM Group, Weichai and NLDSP are the leaders.

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The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

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• The Global Automotive Spark Plug Market Research Report 2018 released by QYResearch provides a basic overview of the Automotive Spark Plug industry, including definition, classification, application and industrial chain structure.

Discuss development policies and plans as well as manufacturing processes and cost structures.

• The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Automotive Spark Plug industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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