US Spark Plugs Market Size Likely to Expand at a CAGR of 5.1% By 2033

As per the current market research conducted by the CMI Team, the US Spark Plugs Market size is expected to record a CAGR of 5.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 3,701.4 Million. By 2033, the valuation is anticipated to reach USD 5,791.5 Million.

US Spark Plugs Market: Growth Factors and Dynamics

• Increase in Vehicle Ownership Rates: The US population uses extensive amounts of vehicles, and therefore the need for spark plugs to use in both new vehicle purchases as well as replacements is continued. The usage of spark plugs in maintenance and repairs increases as more vehicles are owned by consumers due to their significance.

• Technological Advancements: Improved spark plug technology comprises platinum and iridium; these spark plugs improve engine efficiency and fuel utilization. New product development, such as improved spark plugs that have enhanced durability and efficiency, encourages market growth due to customer demand for high quality products.

• Increasing Vehicle Maintenance and Repair: Because automobiles have a relatively short life span and are on the road for several years, the usage demand for maintenance and repair increases, and so does the replacement rate of spark plugs. An increasing trend in the automotive repair and maintenance business ensures that spark plugs are needed in the aftermarket.

• Rising Performance and Fuel Efficiency Standards: Tight control of emissions and fuel efficiency norms require the use of better spark plugs that enhance combustion and minimize emissions. Indications of the above regulations create a need for high-performance spark plugs.

• Expansion of E-Commerce Platforms: There is always increased availability of spark plugs through online retail platforms, which increases the availability of the parts to the consumers and the repair shops. Market expansion is brought about through increased customer’ reach as enabled by e-commerce platforms.

• Growth in Automotive Production: Automotive production in the US rises hence leading to a high consumption of OEM spark plugs. Spark Plugs will always be required as new vehicle models are produced and manufactured, in turn, laying the foundation for the market.

• Emergence of Electric and Hybrid Vehicles: The rise in the popularity of Electric & Hybrid vehicles relates to spark plugs since advanced automotive technology calls for the development of better spark plugs. Whenever manufacturers can create spark plugs favourable for these new car types, it would mean more opportunities to expand the market niche and adapt to the changing automotive industry.

• Increased Focus on Vehicle Customization: The fashion for individual automobile improvements and car tuning increases the sale of unique spark plugs. Players auto enthusiasts and auto mechanics on the lookout for improved performance and efficiency of their auto engines are the key consumers of high-performance and aftermarket spark plugs that can fit into customized auto engines.

US Spark Plugs Market: Partnership and Acquisitions

• In 2023, NGK initiated the acquisition of Denso’s ceramic products, including spark plugs, O2 sensors, and air-fuel ratio sensors. This deal includes acquiring the development, manufacturing, and sales functions for these products both in Japan and internationally.

• In 2023, MAN Engines now offers pre-chamber spark plugs for turbocharged natural gas engines in the MAN E3262, E3268, E0836, and E0834 series, with the E3872 model making it mandatory. These plugs enhance hydrogen admixture efficiency by up to 20% by volume.

Report Scope

US Spark Plugs Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the US Spark Plugs Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The COVID-19 pandemic caused significant disruptions in global supply chains, affecting the production and distribution of spark plugs. Factory shutdowns, transportation delays, and raw material shortages led to supply constraints and delays in the availability of spark plugs.

• Decline in Automotive Sales and Maintenance: With reduced vehicle sales and deferred maintenance during lockdowns, the demand for spark plugs temporarily decreased. Many consumers postponed vehicle repairs and replacements, leading to a short-term drop in market activity.

• Resumption of Automotive Production: As automotive manufacturing resumed and production levels returned to normal, the demand for spark plugs increased. The restoration of production lines and vehicle assembly contributed to a rebound in market demand.

• Increased Vehicle Maintenance and Repairs: With the gradual return to normalcy, vehicle owners resumed maintenance and repair activities. The rising need for replacement parts, including spark plugs, supported market recovery as vehicles required servicing.

• Expansion of E-Commerce Channels: The growth of online retail and digital platforms during the pandemic facilitated the distribution of spark plugs. E-commerce channels helped reach a wider customer base and ensured the availability of parts, aiding market recovery.

• Adaptation to New Market Trends: The spark plugs market adapted to emerging trends, such as increased demand for high-performance and eco-friendly spark plugs. Manufacturers focused on innovation and new product development to meet evolving consumer needs and regulatory requirements.

• Investment in Supply Chain Resilience: Companies invested in strengthening supply chain resilience to prevent future disruptions. Diversifying suppliers, increasing inventory levels, and enhancing logistics capabilities helped stabilize the market and ensure a consistent supply of spark plugs.

• Government Stimulus and Economic Recovery: Government stimulus packages and economic recovery measures contributed to a rebound in consumer spending and automotive industry growth. Increased financial support helped drive vehicle sales and repairs, boosting demand for spark plugs as part of the broader market recovery.

In conclusion, the COVID-19 pandemic has had a mixed impact on the US Spark Plugs Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the US Spark Plugs Market:

• NGK Spark Plug Co. Ltd.
• Denso Corporation
• Bosch Automotive Products GmbH
• Champion Laboratories Inc.
• Federal-Mogul Holdings Corporation
• ACDelco (a division of General Motors)
• Heraeus Holding GmbH
• E3 Spark Plugs
• Autolite (a brand of FRAM Group)
• KLG Spark Plug Co. Ltd.
• S&B Filters Inc.
• Cando Automotive Parts Co. Ltd.
• Centrica plc (UK)
• Magneti Marelli S.p.A.
• Wells Vehicle Electronics
• Others

The US Spark Plugs Market is segmented as follows:

By Material Type

• Conventional Spark Plugs
• Iridium
• Platinum
• Nickel
• Others

By Application

• Automotive
• Motorcycle
• Small Engines
• Marine Engines
• Others

By Sales Channel

• OEM
• Aftermarket