Global Automotive Aftermarket for Spark Plugs to Grow by USD 136.57 Million by 2028, Reports Technavio

**New York, May 18, 2024** — The global automotive aftermarket for spark plugs is set to expand significantly, with market size projected to increase by USD 136.57 million from 2024 to 2028, according to the latest report by Technavio. This growth is fueled by several key factors, including the rising global vehicle parc, advancements in spark plug materials, and stringent emission standards.

#### Key Drivers of Market Growth

**Increase in Vehicle Parc**: The growing number of vehicles worldwide is a major driver of market expansion. As the vehicle parc increases, so does the demand for maintenance and replacement parts, including spark plugs.

**Advanced Materials**: The market is seeing a shift towards the use of advanced materials like platinum and iridium in spark plugs. These materials, known for their high heat resistance and efficiency, are now commonly used in mass-market vehicles as well as luxury cars.

**Engine Efficiency Requirements**: Modern engines, which operate at high combustion temperatures, require durable spark plugs made from materials such as iridium. These plugs need lower voltage, reducing the load on ignition systems and ensuring efficient fuel combustion.

**Fuel Economy and Emission Standards**: The drive for better fuel economy and adherence to stringent emission regulations is boosting demand for high-quality spark plugs. These plugs facilitate improved fuel combustion, thereby reducing emissions and helping meet global environmental standards.

**Technological Advancements**: Innovations such as plasma jet ignition and tube spurt ignition systems are enhancing ignition efficiency and vehicle performance, further driving market growth.

**Urbanization and Economic Development**: Increased urbanization and economic growth are leading to higher automotive production and maintenance activities. This trend is boosting the demand for spark plugs as vehicles require regular maintenance.

**Aftermarket Expansion**: The aftermarket segment is expanding to include hybrid vehicles and two-wheelers. While hybrid vehicles use spark plugs less frequently than traditional vehicles, they still contribute to market demand. Additionally, high motorcycle usage in certain regions supports market growth.

#### Market Challenges

**Rise of Electric Vehicles (EVs)**: The increasing adoption of electric vehicles, which do not require spark plugs, poses a significant challenge to the market. However, the demand for spark plugs in hybrid vehicles helps mitigate this impact.

**Changing Automotive Landscape**: The shift towards hybrid powertrains increases the complexity of spark plug requirements, necessitating manufacturers to understand varying replacement schedules and specifications.

**Technological Disruptions**: Emerging technologies such as catalysts, ignition systems, and plasma-assisted combustion are influencing market dynamics. Continuous innovation is required from spark plug manufacturers to stay competitive.

**Regulatory and Economic Factors**: Volatile oil prices, stringent emission regulations, and performance issues in high-performance and conventional diesel engines impact the market. Adapting to evolving emission norms demands ongoing innovation.

**Sectoral Variations**: Different sectors, including the maritime industry, industrial applications, and OEM sales channels, have unique demands and replacement cycles, affecting overall market dynamics.

In conclusion, while the automotive aftermarket for spark plugs is poised for significant growth, driven by an increasing vehicle parc, advanced materials, and technological innovations, it also faces challenges from the rise of EVs, regulatory pressures, and the need for continuous adaptation.

For further details, please refer to the full report by Technavio.