According to the report published by Allied Market Research, the global vehicle ignition coil market was pegged at $5.59 billion in 2018 and is expected to hit $7.55 billion by 2026, registering a CAGR of 3.9% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.
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By type, the coil-on plugs segment contributed to more than two-fifths of the total market revenue in 2018, and is projected to lead the trail by 2026. The same segment is also expected to manifest the fastest CAGR of 4.5% throughout the forecast period. The other two segments evaluated in the report include distributor-based ignition coils and distributor-less ignition coils.
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Key players in the industry-
The key market players analyzed in the global vehicle ignition coil market report include Denso, Diamond Electric Mfg. Corp, Valeo SA, BorgWarner, HELLA GmbH & Co. KGaA, Hitachi automotive, Mitsubishi Electric Corporation, Federal-Mogul, NGK Spark Plug, and Robert Bosch. These market players have combined several strategies including partnership, expansion, collaboration, joint ventures, and others to perk up their stand in the industry.
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Based on region, Asia-Pacific garnered the highest share in 2018, holding more than half of the global market. The same region is also predicted to showcase the fastest CAGR of 4.4% throughout the study period. The other three provinces analyzed in the report take in North America, Europe, and LAMEA.
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Key Benefits for Stakeholders:
- This study presents analytical depiction of the vehicle ignition coil market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
- The current vehicle ignition coil market size is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the vehicle ignition coil industry.
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