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Spark Plugs Market Forcast

Spark plug is an engine component, located at the top of cylinder, which delivers electric current during the combustion process to produce spark. It works under the harsh conditions of high temperature and high pressure, and is one of the vulnerable auto parts. It plays a very important role in the engine operation, the smooth driving and fuel-saving.

Great increase in the production and sales of vehicles has brought a huge market for spark plug.

Spark Plug Market Report, published by Allied Market Research, projects that the global spark plug market is expected to reach $2,904 million by 2022, growing at a CAGR of 4.2% during the forecast period 2014-2022, and is expected to grow at a CAGR of 7.4% during the forcast to 2026 year.

Automobile spark plug is expected to maintain its dominant position.

Asia-Pacific accounted for the highest share of 46% in 2015, and is anticipated to maintain its dominance throught the forecast period.

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