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Automotive Ignition Coil Market: Global Industry
Analysis and Opportunity Assessment, 2016-2026
May 2017
Report Id : REP-GB-2055
Status : Apr-17
Category : Automotive & Transportation
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
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Market profiling
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In-depth secondary research is used to
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Data validation
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Data analysis
Insights
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©2015 Future Market Insights, All Rights Reserved
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Automotive Ignition Coil Market
Booming Sales of EVs & Plug-in Hybrids Curtailing the Demand for Automotive Ignition Coils
Over the past few years, the adoption of electric vehicles (EVs) such as battery electric vehicle (BEV) and
plug-in hybrid electric vehicles (PHEV) in developed countries such as, North America and Europe has
increased multi-fold. While these developments are being directed for the greater good of harnessing
solar energy to power automobiles, they have incidentally curbed the demand for automotive ignition
coils. Government initiatives, strengthening transportation infrastructure and decreasing battery prices
serve as proponents of EVs, but also impede the demand for ignition coils as they are not utilized to
power electric cars.
Future Market Insights’ latest report on global automotive ignition coil market projects that increasing
demand for electric vehicles, which do not require ignition coil, will restrain the market to grow at greater
pace. The report reveals that the market is presently valued at an estimated US$ 2.46 Bn, and will soar at
a modest CAGR of 4.5% to reach US$ 3.8 Bn value by the end of 2026. Nevertheless, leading automakers
in the world will continue to count upon automotive ignition coils for improving efficiency of their
automotive offerings. Key players that will be actively participating in the growth of global automotive
ignition coil market include, Denso Corporation, Federal-Mogul Corporation, NGK Spark Plug Co., Ltd.,
BorgWarner Ludwigsburg GmbH, Valeo SA, Robert Bosch GmbH, Delphi Automotive PLC, Hitachi
Automotive Systems Americas, Inc., Mitsubishi Electric Corporation, Standard Motor Products, Marshall
Electric Corp, and AcDelco.
Moreover, adoption of automotive ignition coils is also expected to soar owing to their compliance to
stringent fuel efficiency & emission norms.
©2015 Future Market Insights, All Rights Reserved
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Automotive Ignition Coil Market
In addition to this, new product development and strategic partnerships with OEMs will be observed as
lucrative opportunities for automotive ignition coil businesses across the world.Ignition coil
manufacturers entering long-term contracts with OEMs for ensuring continued business consolidation
will also help them reduce production costs and increase profit margins. Over 90% of the market’s value
is accounted by sales of automotive ignition coils through OEMs.
Engine downsizing also plays a crucial role in increasing the overall fuel efficiency of the vehicle by
reducing its overall weight. Modern engines are more compact and require efficient components that
occupy the least space inside an engine’s assembly. In 2017 and beyond, the demand for double spark
ignition coils will remain considerably high. During the forecast period, over 50% of global automotive
ignition coil revenues will be accounted by sales of double spark coils.
On an average, sales of compact or mid-size cars account for 55%-63% share of global car sales. Thus, this
segment offers lucrative opportunities for deployment of automotive ignition coils. By 2026-end, over
three-fourth of global sales of automotive ignition coils will be accounted by passenger cars, revenues
from which are expected to soar at 4.8% CAGR. The report also includes regional analysis of global
automotive ignition coil market, which indicates APEJ (Asia-Pacific excluding Japan) region as the largest
market for automotive ignition coils. Contribution of APEJ countries towards global automobile
production is cited as a key factor for recording highest sales of ignition coils. The automotive ignition coil
market in Middle East & Africa is also expected to remain lucrative, showcasing revenue growth at 5.1%
CAGR.
©2015 Future Market Insights, All Rights Reserved
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Table of Content
1. Executive Summary
2. Market Introduction
2.1 Market Definition
2.2 Market Taxonomy
2.3. Parent / Associated Market Overview
3. Global Automotive Ignition Coil Market Analysis Scenario
3.1 Market Volume Analysis
3.2 Pricing Analysis
3.2.1. Pricing Assumptions
3.2.2. Price Projections per Region
3.3 Market Size (US$ Mn) and Forecast
3.3.1. Market Size and Y-o-Y Growth
3.3.2. Absolute $ Opportunity
3.4. Market Overview
3.4.1. Value Chain
3.4.2. Profitability Margins
3.4.3. List of Active Participants
©2015 Future Market Insights, All Rights Reserved
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Table of Content
3.4.3.1. Component Suppliers
3.4.3.2. Manufacturers
3.4.3.3. Distributors / Retailers
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.3. Restraints
4.4. Opportunity
4.5. Regulations
4.6. Forecast Factors – Relevance and Impact
5. Global Automotive Ignition Coil Market Analysis and Forecasts, by Product Type
5.1. Introduction
5.2. Basis Point Share (BPS) Analysis by Product Type
5.3. Y-o-Y Growth Projections by Product Type
5.4. Market Value and Volume Forecast by Product Type
5.4.1. Can-type Ignition Coil
5.4.2. Electronic Distributor Coil
©2015 Future Market Insights, All Rights Reserved
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Table of Content
5.4.3. Double Spark Coil
5.4.4. Pencil Ignition Coil
5.4.5. Ignition Coil Rail
5.4.6. Others
5.5. Prominent Trends
5.6. Market Attractiveness by Product Type
6. Global Automotive Ignition Coil Market Analysis and Forecasts, by Vehicle Type
6.1. Introduction
6.2. Basis Point Share (BPS) Analysis by Vehicle Type
6.3. Y-o-Y Growth Projections by Vehicle Type
6.4. Market Value and Volume Forecast by Vehicle Type
6.4.1. Passenger Cars
6.4.2. Light Commercial Vehicle (LCV)
6.4.3. Heavy Commercial Vehicle (HCV)
6.5. Prominent Trends
6.6. Market Attractiveness by Vehicle Type
7. Global Automotive Ignition Coil Market Analysis and Forecasts, by Sales Channel
7.1. Introduction
©2015 Future Market Insights, All Rights Reserved
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Table of Content
7.2. Basis Point Share (BPS) Analysis by Sales Channel
7.3. Y-o-Y Growth Projections by Sales Channel
7.4. Market Value and Volume Forecast by Sales Channel
7.4.1. OEM
7.4.2. Aftermarket
7.5. Prominent Trends
7.6. Market Attractiveness by Sales Channel
8. Global Automotive Ignition Coil Market Analysis and Forecasts, by Region
8.1. Basis Point Share (BPS) Analysis by Region
8.2. Y-o-Y Growth Projections by Region
8.3. Market Value and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. APEJ
8.3.6. Japan
8.3.7. MEA
8.4. Market Attractiveness by Region
8.5. Prominent Trends
©2015 Future Market Insights, All Rights Reserved
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