Global spark plug wires market is expected to witness moderate growth during the forecast period. The market growth is majorly attributed to increasing demand for spark plugs and other ignition systems in various types of vehicles. Furthermore, high dependency of vehicle performance and mileage capabilities on smart plug wirings has increased their importance in the automotive industry. Spark plug wires are crucial parts of an automotive aftermarket, which is expected to witness considerable growth during the forecast period. This is owing to changing government regulations to support emission-free environment and improve efficiency of vehicles.
A high-quality spark plug wire can boost vehicle’s performance drastically, as these connector systems perform an important role of communication between engine ignition systems. A low quality spark plug wire is less capable of efficiently carrying electricity, which deteriorates engine’s performance and condition. This can lead to increase in maintenance costs and higher risks of engine breakdown. High-quality spark plug wires witnessed significant demand in the recent past, owing to their ability of avoiding possible issues such as engine failure.
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Advancement in automation and cost reductions in spark plugs pressing system has aided in growth of the market
Advancements in the design and cost reduction in the pressing of the spark plug wires through automation by maintaining defined standards to eliminate quality defects such as meagre contact of the cable generate unrespects hurdles, has boosted their adoption to maintain performance of the vehicle engine and lifespan. Such continuous improvements in the design as well as methodologies such as automation to press spark plug wires in the engine has led to growth of the spark plug wiring industry.
Moreover, enhanced characteristics of high-quality spark plug wires such as wire length, use of heat-resistant materials such as silicone, EPDM rubber, etc. on outer insulation, rubber boots on end terminals, and use of high quality conductors (copper, compressed carbon powder, steel, etc.) has gained considerable traction in the automotive aftermarket.
High maintenance cost in case of defective wiring hampers the adoption of spark plug wires
Changing a spark plug is a regular maintenance task for vehicle owners and requires higher-precision. Even after deployment of spark plugs, it is important to replace the spark plug wires to avoid possible impairment of engine performance and mileage capability of the vehicle. These regular replacements get more frequent in case of a faulty spark plug wiring, which adds up to the existing maintenance cost of the vehicles, and this is expected to be major factor for low adoption of these wires. Moreover, increasing demand and adoption of electric vehicles is expected to hamper adoption of spark plug wirings across the globe.
Applications of spark plug wires across various types of vehicles
Spark plugs are a crucial part of vehicle engine, which ignites the spark to start an engine. Spark plug wiring helps to conduct the electricity from one terminal to another to effectively carry out the aforementioned process. Growth in disposable income especially across emerging economies and growing aftermarket for automotive industry is driving growth of the spark plug wire market. For instance, according to the data provided by World Economic Forum, Indian household savings virtually tripled from 2005 till 2014, due to increased disposable income. Furthermore, according to Coherent Market Insights' analysis, the aftermarket for automotive is expected to exhibit a CAGR of 4.8% during the forecast period of 2018-2026, owing to growing demand for automotive components from emerging economies such as China, India, Vietnam, and others.
The use of innovative technologies such as Internet of Things (IoT) embedded to spark plug wires has helped to create a direct communication channel between user and producer. For instance, Moxa launched the IIOT (Industrial Internet of Things) Gateway Starter Kit in October 2017 that includes built-in support for Amazon Web Services (AWS) to allow faster deployments.
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Furthermore, stringent standards and regulations regarding spark plugs are expected to boost sales of spark plug wires market during the forecast period. Example includes that of ISO 28741:2013, which is specific to properties and dimensions of the spark plugs including the terminals and the measurements of their cylinder head housings to be used in the spark-ignition engines. Because of high pressure, the spark plug has to endure, the insulator material is expected to possess high electrical resistance, sufficient mechanical strength, and good thermal conductivity.
Some of the key players operating in the global spark plug wire industry include Mitsubishi, Carquest, Denso, NKG, MSD Ignition, Beck/Arnley, ACDelco, Bosch, SeaStar Solutions, Taylor Cable, Motorcraft, and others.
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