Vehicle Ignition Coil Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Vehicle Ignition Coil Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Vehicle Ignition Coil market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global vehicle ignition coil market was valued at $5.59 billion in 2018, and is projected to reach $7.55 billion by 2026, registering a CAGR of 3.9% from 2019 to 2026. By type, the coil-on-plugs segment was the highest revenue contributor in 2018, accounting for $2.35 billion, and is estimated to reach $3.32 billion by 2026, registering a CAGR of 4.5% during the forecast period. In 2018, Asia-Pacific was anticipated to account for major market share.

Automotive ignition coil, also known as spark coils, in a vehicle is an induction coil responsible for producing an electric spark that ignites the air and gasoline mixture in compression chamber, which helps in the vehicle movement. These coils help in smooth and efficient operation of the engine. Few coils include an internal resistor, while others depend on an external resistor to limit the current flow in the ignition coil. Earlier, every ignition coil system required mechanical contact breaker points and a capacitor (condenser) but now electronic ignition systems use a power transistor to provide pulses to the ignition coil. This has influenced the growth of the vehicle ignition coil market.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Vehicle Ignition Coil market are included as given below:

Comprehensive competitive analysis and profiles of major vehicle ignition coil market players such as BorgWarner, Denso, Diamond Electric Mfg. Corp, Federal-Mogul, HELLA GmbH & Co. KGaA, Hitachi automotive, Mitsubishi Electric Corporation, NGK Spark Plug, Robert Bosch, and Valeo SA are also provided in this report.

The global Vehicle Ignition Coil market has been segmented as below:

By Type

� Coil-on Plugs

� Distributor-based Ignition Coils

� Distributor-less

� Others

By Vehicle Type

� Passenger Car

� LCV

� HCV

By Distribution Channel

� OEM

� Aftermarket

By Region

� North America

o U.S.

o Canada

o Mexico

� Europe

o UK

o Germany

o Italy

o France

o Rest of Europe

� Asia-Pacific

o China

o Japan

o India

o South Korea

o Rest of Asia-Pacific

� LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Vehicle Ignition Coil development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects