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The global automotive ignition coil aftermarket is experiencing robust growth, propelled by the rising demand for efficient fuel combustion and the implementation of stringent government emission norms and regulations. In addition to environmental concerns, there is an increased focus on sustainability, leading to a surge in demand for ignition coils that contribute to lower fuel consumption and reduced emission rates. This heightened emphasis on eco-friendly solutions is driving manufacturers to invest significantly in the development of ignition coils, positioning the aftermarket for substantial growth during the forecast period.
The evolving landscape of next-generation vehicles, which require high-voltage ignition systems and demand space-efficient solutions in the engine compartment, presents lucrative opportunities for ignition coil manufacturers. As vehicle designs continue to advance, the need for innovative ignition coils becomes imperative to meet the changing requirements of modern automotive systems.
Major Industry Standards for Ignition Coils
In this context, adherence to industry standards becomes crucial for ignition coil manufacturers. Meeting or exceeding Original Equipment Manufacturer (OEM) specifications is a fundamental requirement. Each ignition coil must be meticulously designed and optimized for specific applications concerning fit, form, and function. Outstanding mechanical stability and corrosion protection are non-negotiable aspects of ignition coil development. Moreover, the coil must meet specified length, operating temperature, and voltage parameters, as outlined by regulatory bodies such as the Environmental Protection Agency (EPA).
According to EPA standards, ignition coils must have a length ranging from 50 mm to 200 mm, operate within a temperature range of -40 °C to 140 °C, and maintain a voltage of 9 V to 16 V. These criteria, combined with or without connection cables, are essential for the manufacture of engines in motor vehicles.
Impact of Stringent Government Regulations
Government and regulatory bodies globally are increasingly stringent regarding emission norms, covering various factors such as heat transfer, vibrations, insulation, contact breaker, and high-voltage connections. Deviations from these specifications may result in critical issues such as short circuits or severe engine breakdowns. In response to these regulations, end-users of ignition coils are actively seeking products that meet industry standards, often opting for similar aftermarket alternatives to the original equipment at a lower cost.
The shifting consumer preference from original equipment to cost-effective aftermarket products has significantly driven the demand for ignition coils. Verified manufacturers specializing in automotive ignition coils are witnessing an upsurge in demand from end-users who prioritize compliance with industry standards. Major industry players like BorgWarner and Beru Parts attribute the growth of the automotive ignition coil aftermarket to the impact of stringent government regulations, particularly those related to vehicle emissions.
Future Outlook
Looking ahead, the demand for ignition coils is poised to rise as governments worldwide continue to tighten emission regulations, pushing the automotive industry towards greater environmental responsibility. Ignition coil manufacturers are expected to play a pivotal role in providing solutions that not only meet these regulations but also contribute to the efficient and sustainable operation of vehicles.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product, Vehicle Type, and Region |
Automotive Ignition Coil Aftermarket Market Highlights:
Global Automotive Ignition Coil Aftermarket Market Overview
Automotive Ignition Coil Aftermarket Market Size was valued at USD 7.50 billion in 2023. The Automotive Ignition Coil Aftermarket market is projected to grow from USD 7.88 Billion in 2024 to USD 11.09 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.36% during the forecast period (2024–2032). An increase in the adoption of second-hand passenger cars and Increasing investment from international players are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automotive Ignition Coil Aftermarket Market Trends
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Rise in commercial vehicle adoption is driving market growth
Drivers- high growth in eCommerce activities and a high rise in the adoption of commercial vehicles rose. The Increase in the sale of automobiles globally has raised the production of vehicles which has a positive effect on the automotive ignition coil aftermarket market growth. Growth in urbanization, along with an increase in per capita revenue, has helped in increasing the living standards and has helped raise the economic condition, which has posed up the economic growth condition of the automotive ignition coil aftermarket. The rise in the average longevity of vehicles has increased maintenance and repair activities. The rise in the traveling period of the vehicle increases the replacement activities, which steers up the market CAGR demand.
Additionally, the electric vehicle industry is becoming an integral part of the market where the energy efficiency capability is increasing along with reducing the emission of certain vehicular pollutants and other greenhouse gases. The Increase in several environmental concerns and certain government initiatives has helped drive up the Automotive Ignition Coil Aftermarket market revenue. The rise in energy prices and competition with the key vendors has helped raise the automotive ignition coil aftermarket market demand. Policy government schemes drive the rise in electric vehicles. The combination of new and attractive models has upsurged the demand in the market. Some of the green recovery funds by the government improved the availability and promoted the use of automotive ignition coils. Selling luxurious vehicles in developing regions has helped raise the market's growth and demand. Along with the luxury segment, the nonluxury segment has helped promote the demand in the fast-growing market.
Automotive Ignition Coil Aftermarket Market Segment Insights
Automotive Ignition Coil Aftermarket Market Type Insights
The Automotive Ignition Coil Aftermarket Market segmentation, based on Product, includes Pencil Ignition Coil, Ignition Coil Rail, Electronic Distributor Coil, Can-type Ignition Coil, Double Spark Coil, and Others. The pencil ignition coil segment covers the major automotive ignition coil aftermarket market share, owing to the rise in the adoption of pencil coils by some of the premium automobile manufacturers. This creates more opportunities for the automotive ignition coil aftermarket key players, whereby they manufacture and retail the automotive parts and components.
Automotive Ignition Coil Aftermarket Market Vehicle Type Insights
The Automotive Ignition Coil Aftermarket market segmentation, based on vehicle type, includes passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment currently holds the biggest global market share, which is expected to continue. The advantage can be attributed to several factors, including the growing urban population and the requirement for commuting. The demand is expanding as people become more concerned about rising pollution levels and their low running costs.
The commercial vehicle sector is expanding in terms of product offerings and sales. On the other hand, commercial EVs are now a part of the transportation business in China and the United States. During the projected period, they are anticipated to replace conventional trucks. Several medium and heavy commercial vehicle manufacturers are working on electrification and producing automotive batteries with increased power capacity. Hence, the commercial vehicle segment will decline significantly within the projected period.
Figure1: Automotive Ignition Coil Aftermarket Market, by Vehicle Type, 2024 & 2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automotive Ignition Coil Aftermarket Market Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American automotive ignition coil aftermarket area will dominate this market; new product launches and R&D Among major players will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Automotive Ignition Coil Aftermarket Share By Region 2024 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe Automotive Ignition Coil Aftermarket accounts for the second-largest market share due to investing in national fleet vehicles' research, development, and electrification. Further, the German Automotive Ignition Coil Aftermarket held the largest market share, and the UK Automotive Ignition Aftermarket was the fastest-growing market in the European Region.
The Asia-Pacific Automotive Ignition Coil Aftermarket market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to an increase in the adoption of second-hand passenger cars and increasing investment from international players and in the automotive aftermarket. Moreover, China’s Automotive Ignition Coil Aftermarket held the largest market share, and the Indian Automotive Ignition Aftermarket was the fastest-growing market in the Asia-Pacific region.
Automotive Ignition Coil Aftermarket Market Key Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive ignition coil aftermarket market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Automotive Ignition Coil Aftermarket industry, must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive Ignition Coil Aftermarket industry to benefit clients and increase the market sector. In recent years, the Automotive Ignition Coil aftermarket industry has offered some of the most significant advantages to the automobile industry. Major players in the Automotive Ignition Coil Aftermarket, including NGK SPARK PLUG CO. LTD (Japan), Wells Vehicle Electronics (US), Denso Corporation (Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), BorgWarner Inc. (US), Hitachi Automotive Systems Ltd (Japan), Standard Motor Products Inc. (US), Valeo (France) and others, are attempting to increase market demand by investing in research and development operations.
Diamond Electric Mfg. Corporation is recognized as a world leader in safe, reliable, and cost-competitive automotive electrical components. Our Company is energized by a driving force of progressive R&D programs, ceaseless efforts to achieve the quality demanded by our customers, and the commitment of our employees to improve our communities. Our proprietary technology has resulted in exciting product developments in new areas of automotive electronics. Our Company motto of "Health, Trust, and Progress"​ allows us to nurture our existing relationships, establish new partnerships, and positively impact the world.Diamond Electric Mfg. Co. Ltd announced that it would build a new West Virginia, USA plant to manufacture automobile ignition coils. The production capacity of ignition coils in the United States will be increased by 20%. The new US plant has a building area of 12,263 square meters. In addition to Ford's existing North American production bases, the main supply destinations are Japanese automobile manufacturers' North American production bases.
DENSO Corporation is a global automotive components manufacturer headquartered in Kariya, Aichi Prefecture, Japan. After becoming independent from Toyota Motor, the Company was founded as Nippon Denso Co. Ltd. in 1949. About 25% of the Company is owned by Toyota.DENSO introduced its newest ignition coils to the market. DENSO Products and Services Americas expanded its line of aftermarket ignition coils. DENSO now offers four new coil-on-plugs (COP) part numbers built with top-grade materials. The coils offer maximum available voltage under all operating conditions, ease of installation, and reliability that ensures high temperature suppresses noise and eliminates phantom misfires.
Key Companies in the Automotive Ignition Coil Aftermarket Market include
- NGK SPARK PLUG CO. LTD (Japan)
- Wells Vehicle Electronics (US)
- Denso Corporation (Japan)
- Delphi Technologies (UK)
- Robert Bosch GmbH (Germany)
- BorgWarner Inc. (US)
- Hitachi Automotive Systems Ltd (Japan)
- Standard Motor Products Inc. (US)
- Valeo (France)
Ignition Coil Aftermarket Industry Developments
January 2024: Niterra North America Inc. has introduced MOD Performance Ignition Coils, increasing its ignition coil offering. NGK Spark Plugs MOD Performance Ignition Coils are made for performance car enthusiasts by Niterra. In multipacks per vehicle, 10 component numbers spanning approximately 40M VIO for popular enthusiast applications will be launched.
In spark plug and oxygen sensor design, Niterra North America, Inc. leads the globe in technology, innovation, and quality. Today, they transform their business portfolio by expanding their core ceramic technologies, exploring new capabilities, and challenging themselves to develop solutions and services that use technology to solve social issues and contribute to a sustainable society. Quality and dependability are NGK Spark Plugs' hallmarks. Therefore, the firm will continue making spark plugs under the trusted brand and ceramic items under NTK Technical Ceramics.
February 2024 : Wren Sports, US-based fork and component specialists, launched a new suspension fork for e-cargo bikes after founding Wren Sports Europe. After meeting at Shimano USA, Kevin Wren and Russ Johnson created Wren Sports. The firm has become a global component and fork authority for adventure and mountain riders. Wren makes stems, bars, cages, racks, seat posts, hubs, and rigid and inverted suspension forks for fatbikes, mountain bikes, and e-bikes. Wren has designed a new fork with inverted suspension and easier maintenance for the burgeoning e-cargo bike industry.
The Wren Inverted Coil suspension fork is based on the Trail fork but features a coil spring instead of Twin Air and is optimized for 20" wheels. The coil option, like the TwinAir forks, has hard anodised 36mm stanchions, 43mm uppers, and all-weather dampers. The travel may be modified to fit the bike's geometry. OEM customers may customize the e-cargo fork with unique dropouts to meet their bike's fender and coil weight. For a cargo bike hauling big loads, the coil design makes the fork "bulletproof as possible" and allows repair with minimal shop equipment.
Automotive Ignition Coil Aftermarket Market Segmentation
Automotive Ignition Coil Aftermarket Market Type Outlook
- Pencil Ignition Coil
- Ignition Coil Rail
- Electronic Distributor Coil
- Can-type Ignition Coil
- Double Spark Coil
- Others
Automotive Ignition Coil Aftermarket Market Vehicle Type Outlook
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Ignition Coil Aftermarket Market Regional Outlook
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
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Middle East
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Africa
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Latin America
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