Summary

Vietnam automotive spark-plug and glow-plug market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising need for personal and individual mobility, both new and aftermarket sales and increase in sales and production of gasoline powered vehicles. Spark-plugs and glow-plugs are crucial part of gasoline and diesel ignition systems essential for the functioning of a vehicle engine. Technical advancements to downsize the automotive engines and rise in the number of petrol-based generators, small & recreational boats, and jet skis are expected to drive the Vietnam automotive spark-plug and glow-plug market during the forecast period. Rising penetration of electric vehicle and electrically powered working equipment and stringent emissions norms by the regulatory bodies to manufacture environment-friendly vehicles are some of the factors driving the Vietnam automotive spark-plug and glow-plug market. Moreover, growing urbanization and increasing personal disposable income of consumers are accelerating the adoption of spark-plug and glow-plug in automobiles, which is expected to propel their market growth. Furthermore, increasing production of passenger cars and ongoing technological innovations to improve the performance, electrode materials, and ignitability are anticipated to fuel the growth of the Vietnam automotive spark-plug and glow-plug market in the coming years. Increasing demand for vehicles across various end user industries such logistics, construction, mining, etc. are projected to boost the market growth. However, fluctuations in fuel prices and growing inclination towards engine downsizing could restrain the growth of the Vietnam automotive spark-plug and glow-plug in the coming five years.

Vietnam automotive spark-plug and glow-plug market is segmented on the basis of vehicle type, product type, demand category, region, and company. Based on the vehicle type, the market is further divided into Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV). The passenger car segment is expected to dominate the Vietnam automotive spark-plug and glow-plug market due to increased need for mobility owing to rapid urbanization and rising personal disposable income of the population.

Leading players in Vietnam automotive spark-plug and glow-plug market are KLG Spark-plugs, Robert Bosch GmbH, Autolite, ACDelco Corporation, Borgwarner Inc, Valeo SA, Weichai Power Co. Ltd., etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To assess the demand-supply scenario of Vietnam automotive spark-plug and glow-plug market, which covers production, import, export, demand, supply, and net inventory status of Automotive Spark-Plug and Glow-Plug market in Vietnam.
• To analyze and forecast the market size of Vietnam automotive spark-plug and glow-plug market, in terms of value as well as volume.
• To classify and forecast Vietnam automotive spark-plug and glow-plug market based on vehicle type, product type, demand category and regional distribution.
• To identify drivers and challenges for Vietnam automotive spark-plug and glow-plug market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam automotive spark-plug and glow-plug market.
• To conduct the pricing analysis for Vietnam automotive spark-plug and glow-plug market.
• To identify and analyze the profile of leading players involved in the Vietnam automotive spark-plug and glow-plug market.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of Automotive Spark-Plug and Glow-Plug manufacturers and suppliers operating in Vietnam. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channels, and regional presence of all major spark-plug and glow-plug manufacturers in Vietnam.
TechSci Research calculated the market size for Vietnam Automotive Spark-Plug and Glow-Plug market using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as Vietnam Automobile Manufacturers Association, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
• Dealers/ Distributors of Automotive Spark-Plug and Glow-Plugs
• Raw material suppliers
• End users of Automotive Spark-Plug and Glow-Plug market in Vietnam
• Research organizations and consulting companies.
• Associations, organizations, forums and alliances related to automotive spark-plug and glow-plugs
• Original Equipment Manufacturers (OEM’s)
• Industry associations
• Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Vietnam Automotive Spark-Plug and Glow-Plug Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Automotive Spark-Plug and Glow-Plug Market, By Vehicle Type:
o Passenger Car
o Light Commercial Vehicle (LCV)
o Medium & Heavy Commercial Vehicle (M&HCV)
• Vietnam Automotive Spark-Plug and Glow-Plug Market, By Product Type:
o Hot Spark-plug
o Cold Spark-plug
o Metal Glow-plug
o Ceramic Glow-plug
• Vietnam Automotive Spark-Plug and Glow-Plug Market, By Demand Category:
o OEM
o Replacement
• Vietnam Automotive Spark-Plug and Glow-Plug Market, By Region:
o North
o South
o Central
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam Automotive Spark-Plug and Glow-Plug market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Raw Material Analysis
• Detailed list of different raw materials used in production of Automotive Spark-Plug and Glow-Plug, list of existing suppliers of raw materials, pricing analysis of raw materials, analysis of difference between imported and domestically procured raw materials.
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.

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