Saudi Arabia Automotive Spark Plug and Glow Plug Market to be Dominated by Passenger Car Segment Until 2028

The growth of the automobile industry and the technological advancement are few factors that are expected to drive the market in the forecast years.

According to TechSci Research report, “Saudi Arabia Automotive Spark Plug and Glow Plug Market - Competition Forecast & Opportunities, 2018-2028”, Saudi Arabia Automotive Spark Plug and Glow Plug Market is driven by several factors like the increase in the adoption of the commercial vehicles and construction equipment in the country. Similarly, the rise in sales of the passenger cars segment is expected to drive the market in the forecast years. The passenger car segment captures major market share followed by commercial vehicles. The expansion of the automotive sector to include passenger cars, commercial vehicles, and off-road vehicles has a direct impact on the need for spark and glow plugs. Saudi Arabia has a high car ownership rate, which has increased the demand for spark plugs and glow plugs.

The electric vehicle (EV) market is expanding in Saudi Arabia. Since EVs do not require spark or glow plugs, increased adoption of EVs can impact long-term demand for these components. The government initiatives are also heavily influencing electric vehicle growth in the forecast years.

Advances in spark plug and glow plug technology are impacting the industry. Manufacturers are constantly improving designs and materials to improve durability, performance, and fuel efficiency. For optimum engine performance, spark and glow plugs require regular maintenance and replacement. The need for these spare parts has impacted on the market as wear and tear of these components over time.

The growing demand of the construction equipment’s and commercial vehicles in the country is also driving the Saudi Arabia Automotive Sparkplug and Glow-Plug Market. Similarly, the rising adoption of vehicles in logistics and last mile delivery services is expected to drive the market in the forecast years.

The rising trade and oil related activity is expected to drive Saudi Arabia Automotive Spark Plug and Glow Plug Market because the country’s economy is driven by the oil activities and the higher utilization of the vehicles in such activities will drive the replacement market of Spark Plug and Glow Plug in Saudi Arabia. similarly, the rising vehicle sales in the country will lead to the rise in the demand of the OEM category in the Saudi Arabia Automotive Spark Plug and Glow Plug Market. Overall, the market is driven by all these factors. The expanding sales of electric automobiles in the nation are anticipated to impede market expansion. As the Saudi Arabian government has established objectives for the carbon emission, it is anticipated that the adoption of electric cars would increase in the foreseeable years. across a similar vein, the government is encouraging the use of electric cars across the nation to achieve the sustainable goals.

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Saudi Arabia Automotive Spark Plug and Glow Plug Market can be segmented based on Vehicle type, based product type, by demand category and by region. Based on vehicle type the market is segmented into Two- Wheelers, Passenger Cars, Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles (M&HCV) and OTR. Similarly, based on product type, the market is segmented into Spark Plug Vs. Glow Plug, and by demand category the market is segmented into OEM and Aftermarket and the market is further divided into regions i.e., Central Region, Western Region, Eastern Region, Southern Region, and Northern Region.

Some of the major companies operating in the Saudi Arabia Automotive Spark Plug and Glow Plug Market include:

           ·         NGK Spark Plug Middle East Fze

           ·         Denso Auto Parts

           ·         Robert Bosch GmbH

           ·         AC Delco Corporation

           ·         Borgwarner Inc

           ·         Valeo SA

           ·         Magneti Marelli Aftermarket N.A

           ·         Champion Auto Parts

           ·         Weichai Torch Technology Co., Ltd  

These are the major spark plug and glow plug companies in Saudi Arabia, and they are pursuing competitive tactics such as mergers with R&D organizations, new product development, and marketing efforts to enhance client awareness. To remain competitive in the market, these companies are also working on meeting the rules of various regional governments and collaborating with various research agencies.

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“The market in the Saudi Arabia is driven by the increasing utilization of the commercial vehicles in the construction industry as this is leading to the rise in the demand of the spark plugs and glow plugs as the replacement is rising. Similarly, the advancements in the field of technology to minimize the emission and improvement in efficiency is expected to drive the market in the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Automotive Spark Plug and Glow Plug Market - Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028” has evaluated the future growth potential of Saudi Arabia Automotive Spark Plug and Glow Plug 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 the global Saudi Arabia Automotive Spark Plug and Glow Plug Market.

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