The global automotive ignition coil market is anticipated to grow significantly at a CAGR of 4.1% over the forecast period (2024-2031). The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2020, DENSO Products and Services Americas, Inc., expanded its line of aftermarket ignition coils.
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DENSO offers four new coil-on-plug (COP) part numbers that extend its coverage to 2012-2018 Honda and Acura models. in November 2019, Standard Motor Products Europe(SMPE) marketed a range of multi-charge ignition coils introduced on GDI(gasoline direct engines). Multi charge ignition coils are designed to fire multiple times per cycle. The construction of a multi-charge ignition coil is also different as it has a single primary winding layer, allowing it to collapse easier due to its lower resistance.
In addition, in November 2021, Robert Bosch LLC added 495 automotive aftermarket parts to its portfolio, covering more than 30 million vehicles across North America. The new products cover domestic, European, and Asian passenger and commercial vehicles, including 48 braking pars, 385 relays, fuses and switches, and ignition coil. The ignition coil is equipped with corrosion-resistant connections to provide an extensive services life, and aids in superior cold-start performance and enhanced temperature and vibration resistance.
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Market Coverage
- Segment Covered- by type, by vehicle type, by distribution channel
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Borg Warner Inc., Dense Products and Services Americas Inc., HELLA GmbH & Co. KGaA, Hitachi Automotive Systems Americas Inc., Robert Bosch GmbH, Tenneco, Marshall Electric Corp., NGK Spark Plugs USA Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Ignition Coil Market– Segmentation
By Type
- Conventional
- Electronic
- Distributor-less(DIS)
- Coil-on-plug(COP)
by Distribution Channel
- OEM
- Aftermarket
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