Vehicle Ignition Coil Market: Introduction

An ignition coil is a key component in the ignition system of gasoline engine vehicles. It is designed to transform the battery's low voltage to thousands of volts that are needed to create an electric spark in the spark plugs. This spark is used to ignite the air-fuel mixture in the combustion process of the engine.

Key Drivers of Vehicle Ignition Coil Market

  • Demand for modern ignition coils is increasing owing to evolving market conditions that demand fewer emissions, lower fuel consumption, higher ignition voltage, and restricted space in the drive unit and engine compartment. The design demands on modern ignition coils are constantly increasing. The task of spark-ignition engines remains the same; however, the fuel or air mixture must be ignited at the right time with the optimum ignition energy so that complete combustion occurs. Therefore, ignition coils are being precisely adapted to the requirements of modern spark-ignition engines such as turbocharging, downsizing, direct injection, lean mix, high exhaust gas recirculation rates, thereby contributing to reduced fuel consumption and emissions and subsequently, driving the vehicle ignition coil market.

Restrains in Vehicle Ignition Coil Market

  • The COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing, and R&D operations and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening up automotive manufacturing and supply chain operations. Thus, COVID impact on the industry seems to reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive is witnessed in the last few months despite concerns around the risk of a second wave of infection in numerous countries.

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Opportunities in Vehicle Ignition Coil Market

  • In April 2020, U.S National Highway Traffic Safety Administration and Environmental Protection Agency have amended the Corporate Average Fuel Economy (CAFE) and greenhouse gas emissions standards for passenger cars and light trucks and established new less stringent standards, covering model years 2012 to 2016 in phase 1 and model years 2017 to 2025 in phase 2. Introduction of these standards is likely to boost the adoption of fuel-efficient, emission technologies such as vehicle ignition coil, thus offering significant opportunity for the vehicle ignition coil market.

Asia Pacific to Dominate Vehicle Ignition Coil Market

  • Asia Pacific is projected to dominate the global vehicle ignition coil market during the forecast period due to a rise in the production and sale of conventional fuel-based vehicles in the region. In China, gasoline cars dominate the market. EVs are presently a key part of the economic reboot plan enacted by authorities in China; however, gasoline is by far the most popular fuel among consumers. In H1 2019, 92% of passenger car sales featured this fossil type. The other major automotive market in the region, India, is expected to be dominated by fossil-fuel based vehicles, moreover, the Government of India, Ministry of Power, issued average fuel consumption standards for cars on April 23, 2015. The second standard assumes car average weight of 1145 kg in 2022, and requires the average fuel consumption to be less than 4.77 l/100km at this average weight. Therefore, the scope for conventional fuel vehicles and the introduction of vehicle emission norms to curb pollution and to enhance fuel efficiency in vehicle systems is estimated to propel the vehicle ignition coil market in the region.

Key Players Operating in Vehicle Ignition Coil Market

The global vehicle ignition coil market is moderately fragmented with many players. A few of the key players operating in the global vehicle ignition coil market are:

  • Valeo
  • Robert Bosch GmbH
  • Hella
  • BorgeWarner
  • Mitsubishi Electric Corporation
  • NGK Spark Plug
  • Diamond Electric Mfg. Corp
  • Federal-Mogul
  • Denso Corporation
  • Hitachi Automotive Systems Ltd

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Global Vehicle Ignition Coil Market: Research Scope

Global Vehicle Ignition Coil Market, by Type

  • Canister-type ignition coils
  • Electronic distributor ignition coils
  • Double spark ignition coils
  • Ignition coil rails
  • Plug top- / pencil- / Smart- coils
  • Others

Global Vehicle Ignition Coil Market, by Vehicle Type

  • Two-Wheelers
  • Passenger Cars
  • Trucks
  • Buses and Coaches
  • Light-Duty Commercial Trucks

Global Vehicle Ignition Coil Market, by Sales Channel

  • OEMs
  • Aftermarket

Global Vehicle Ignition Coil Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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