M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India Automotive Spark Plug Market Forecast & Opportunities , 2021
P r o d u c t O v e r v i e w
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Global spark plug supplier NGK defines spark plug as “A spark plug is a critical enginecomponent that provides the spark that ignites air-fuel mixture that drives anengine.”
Classification According to Vehicle Type
Product Definition
Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Hatchback & Sedan
IndividualsSUVs
Van
Two-Wheeler
Scooter
IndividualsMotorcycle
Moped
Three-WheelerPassenger Carrier Passenger Transport
Load Carrier Logistics
Classification According to Type
Product Type Sub-Segment
Spark Plug
Copper based Spark Plug
Platinum based Spark Plug
Iridium based Spark Plug
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S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Automotive Components Market Outlook
5. India Automotive Spark Plug Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car, Two-Wheeler & Three-Wheeler)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Type (Copper, Platinum & Iridium)
5.2.5. By Demand Category (OEM Vs. Replacement)
5.3. Market Attractiveness Index (By Region)
5.4. Market Attractiveness Index (By Vehicle Type)
5.5. Market Attractiveness Index (OEM Vs. Replacement)
6. India Two-Wheeler Spark Plug Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Moped, Scooter & Motorcycle)
6.2.2. By Demand Category (OEM Vs. Replacement)
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6.3. Supply Chain Analysis (Replacement Market)
6.4. Price Point Analysis
6.5. Prominent List of OE Supplier
7. India Passenger Car Spark Plug Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (SUV, Sedan & Hatchback, & Van)
7.2.2. By Demand Category (OEM Vs. Replacement)
7.3. Supply Chain Analysis (Replacement Market)
7.4. Price Point Analysis
7.5. Prominent List of OE Supplier
8. India Three-Wheeler Spark Plug Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Load Carrier & Passenger Carrier)
8.2.2. By Demand Category (OEM Vs. Replacement)
8.3. Supply Chain Analysis (Replacement Market)
8.4. Price Point Analysis
8.5. Prominent List of OE Supplier
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9. Import-Export Analysis
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Dynamics
11.1. Booming Automotive Industry
11.2. Rising Demand for Iridium & Platinum Spark Plugs
11.3. Twin Spark Plugs – An Emerging Trend
11.4. Lasers to Replace Spark Plugs in Passenger Cars
11.5. Growing Preference for Dual Fuel Option in Passenger Cars
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Competitive Landscape
14.1. Bosch Limited
14.2. NGK Spark Plugs (India) Pvt. Ltd.
14.3. Federal-Mogul Goetze (India) Limited
14.4. Denso India Limited
15. Annexure - List of Spark Plug Dealers
16. Strategic Recommendations
17. About Us & Disclaimer
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A
C
B
Primary Research
Company Analysis
Desk Research
Identifying Key Opinion
Leaders
Questionnaire Design
In-depth Interviews
Market Participants
Key Strengths
Spark plug Portfolio
OEM Tie-ups
Recent
Developments
Market Changing
Aspects/Dynamics
Government
Policies
Final Conclusion
LinkedIn TechSci Internal
database
Factiva Hoovers
Paid Sources
Company Website Company Annual
Reports White Paper Study Financial Reports Investor
Presentations Regulatory Body, Associations, etc.
Secondary Research
Primary Research
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
•In-depth secondary research was used todetermine top players in India spark plugmarket, overall market size and to identify topautomobile spark plug manufactures.
Market Profiling
•In order to conduct industry experts interviews,TechSci formulated a detailed questionnaire.
Formulating Questionnaire
•List of industry players (manufacturers),distributors, retailers, and industry specialistswas developed.
Developing list of respondents
•TechSci conducted interviews with industryexperts, industry players, for data collection andverification.
Data Collection
•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel andstatistical tools such as Time Series analysis etc.to obtain qualitative and quantitative insightsabout the India automotive spark plug market.
Data Analysis
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Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leadingspark plug companies operating in India, and subsequently verified information from majordealers/distributors of automotive spark plugs in the country. We also put through an exhaustive search ofcredible paid databases such as Business Week, Factiva, Hoovers, etc., including our internal database.Our team of analysts has then prudently evaluated all the collected information and presented the same inchronological order to depict a meaningful and clear picture of the automotive spark plug market in India.
While compiling the data, we have also cross checked all the collected information from multiple sourcesand data warehouses, so as to present the most accurate and precise information of the concernedindustry. We use innovative business model that focuses on improving productivity, which ensuringcreation of high-quality reports. The reports are prepared with in-depth primary research, followed byexhaustive secondary research.
Primary Research – Companies Dealers & Distributors Interviewed
Few of Sources of Secondary Research
S.
No.Company Dealers & Distributor Names
1. Federal-Mogul Goetze (India) Limited
2. Bosch Limited
3 NGK Spark Plugs (India) Pvt. Ltd.
4. Denso India Limited
5. Trimurti Auto
6. Autolite Spark Plugs
7. Magneti Marelli Spark Plugs
8. Tacti Spark Plugs
S.
No.Secondary Sources
1. OICA
2. Directorate General of Foreign Trade
3. Society of Indian Automobile Manufactures
4. World Bank
5. International Monetary Fund
6. Department of Industrial Policy & Promotion
7. Ministry of Micro, Small & Medium Enterprises
8. Directorate General of Foreign Trade
9. Internet & Mobile Association of India
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For the preparation of India spark plug report, bottom-up model has been used, which has been latercross validated by using top down approach.
Vehicle Sales & Fleet Size
The basic data points that are needed for the analysis of India automotive spark plug market are thehistorical, current and forecast figures for vehicle sales and fleet size. The data for vehicle sales and fleetsize has been extracted through various secondary sources and credible data portals. TechSci Researchhas also maintained a database for vehicle sales and fleet size for each vehicle segment (passenger cars,two-wheelers and three-wheelers), which is regularly updated through various primary research surveysand secondary sources such as automotive associations & government publications.
Vehicle Production
TechSci has gathered vehicle production data from credible sources such as SIAM and OICA. TechSciResearch has also maintained a database for vehicle production for each vehicle segment (passengercars, two-wheelers and three-wheelers), which is regularly updated through various primary researchsurveys and secondary sources such as automotive associations & government publications.
Spark Plug Demand
OEM Spark Plug Sales
OEM spark plug demand in India is directly dependent on the country’s petrol vehicle production. TheOEM demand is therefore extracted by multiplying vehicles produced with the number of spark plugsfitted in the vehicle.
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Spark Plug Demand
Replacement Spark Plug Sales
Replacement automotive spark plug demand from a particular country is directly dependent on the country’spetrol vehicle fleet size and historical petrol vehicle sales. The replacement demand is therefore extracted bymultiplying the vehicle fleet of each vehicle segment with the replacement spark plug ratio, which isobtained by conducting a series of surveys with car owners to understand the frequency of spark plugreplacement. The replacement ratio is expressed as a percentage. For example, in case of passenger cars,replacement ratio is considered to be 100% if four spark plugs are replaced per passenger car per year.
Passenger Car
Fleet Size*
(Volume)
XReplacement Ratio
(%)X
No. of Spark
Plugs=
Replacement
Spark Plug
Demand
X X X% X X = X spark plugs
The calculated replacement spark plug demand data is further analyzed by TechSci Research throughDelphi technique i.e. multiple rounds of telephonic interviews were conducted with automotive spark plugcompanies dealers/distributors in India. The information thus gathered through primary interviews wascross-verified through industry experts and secondary sources such as annual reports and paiddatabases to generate meaningful results.
Total Spark Plug Market
OEM Spark Plug Sales +Replacement
Spark Plug Sales=
Total Spark Plug
Market
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Spark Plug Trade (Import & Export)
TechSci Research has analyzed automotive spark plug imports in India. The data has been gatheredthrough government agencies and credible paid databases. The total spark plug trade has been mentionedas following:
Forecast
For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis, followedby judgmental analysis as certain factors would always differ in India such as infrastructure condition,economic outlook, etc.
HS Code Particulars
X X Sparking Plugs
Sampling Technique:
While conducting the study, TechSci followed the stratified random sampling technique to shortlist the Key Opinion
Leaders (KOLs) in various automotive spark plug companies in the country. KOLs out of prominent automotive
spark plug companies were interviewed to identify the size of India automotive spark plug market along with the
market shares of leading automotive spark plug players across different automotive spark plug segments.
Sample Size:
KOL No. of Respondents
Mid to Senior Management, Sales Managers, etc.of spark plug companies
X
Experts from Industry and Associations X
Total X
I n d u s t r y B r i e f
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Automotive Spark Plug Market to Grow at 13% in India
According to TechSci Research report, “India Automotive Spark Plug Market By Vehicle Type, By Type, By Demand Category,Competition Forecast and Opportunities, 2011-2021’’, spark plug market in India is forecast to grow at a CAGR of over 13%during 2016-2021, on account of strong domestic automobile demand, favorable government policies, planned capacityexpansions by major automobile OEMs coupled with rapidly expanding automobile fleet. Further, launch of AutomotiveMission Plan, 2016-2026, is projected to drive robust growth in production of automobiles in the country and thereby boostOEM demand for spark plugs in India over the next five years. Rising sales of petrol cars in the country can be attributed tothe government’s decision to deregulate diesel prices in order to curb pollution. Production of petrol cars in the countryreached 2.16 million units in 2015, whereas, number of petrol passenger cars sold in India increased from 1.51 million unitsin 2011 to 1.77 million units in 2015.
According to Department of Industrial Policy & Promotion, FDI in the country’s automotive sector increased from USD1.52billion in FY2013-14 to USD2.73 billion in FY2014-15, thereby exhibiting a Y-o-Y of around 80%. Increase in FDI in automobilesector is poised to drive vehicle sales and production in the country over the next five years, thereby driving demandfor spark plugs in India during 2016-2021.
As of 2015, India spark plug market was dominated by two-wheeler spark plug segment, followed by passenger car spark plugsegment, on account of increasing production and sales of two-wheelers in the country. Bosch Limited, NGK Spark Plugs(India) Pvt. Ltd, Federal-Mogul Goetze (India) Limited and Denso India Limited are few of the leading players in Indiaautomotive spark plug market. Further, India automotive spark plug market has been dominated by conventional copperbased spark plugs. However, increasing awareness about the extended life span of iridium and platinum based spark plugs, incomparison to copper based spark plug is expected to drive demand for latter categories from OEM as well as replacementsegments during the forecast period.
“Rising pollution levels from the transport sector in India has been a major concern for the government and this has resultedin implementation of various initiatives to control pollution. For this, Government of India has even reduced excise tax onCNG and LPG. People thus prefer to purchase petrol variants of vehicles and opt for an aftermarket fitment of CNG/LPG kits.This has resulted in growing demand for dual fuel option passenger cars across the country that run on petrol as well asnatural gas, i.e. CNG/LPG. Rising demand for petrol and CNG/LPG fueled passenger cars is also propelling demand for sparkplugs from OEM as well as replacement segments in the country, and this trend is expected to continue through 2021.”, saidMr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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India Automotive Spark Plug Market Size, By
Value (USD Million), By Volume (Million
Units), 2011-2021F
10 20 30 40 50 70 80 90 100 110 120
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Million) Volume (Million Unit)
20 25 30 35 40 50 55 60 65 70 75
60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Two-Wheeler Passenger Cars Three-Wheeler
India Automotive Spark Plug Market Share, By
Vehicle Type, By Volume, 2011-2021F
North
East
2015: X%2021F: X%
2015: X%2021F: X%
West
2015: X%2021F: X%
India Automotive Spark Plug Market Share, By
Region, By Volume, 2015 & 2021F
South
2015: X%2021F: X%
10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20%
30% 30% 30% 30% 30% 30% 30%
40% 40% 40% 40% 40% 40% 40%
2015 2016E 2017F 2018F 2019F 2020F 2021F
North South East West
India Automotive Spark Plug Market
Share, By Region, By Volume, 2015-2021F
Copper Spark Plug
2015: X%2021F: X%
Platinum Spark Plug
2015: X%2021F: X%
Iridium Spark Plug
2015: X%2021F: X%
India Automotive Spark Plug Market Share,
By Type, By Value, 2015 & 2021F
R e p o r t O r d e r i n g
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