india automotive spark plug market 2021 - brochure

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

T a b l e o f C o n t e n t s

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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




6.2.1. By Vehicle Type (Moped, Scooter & Motorcycle)



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S. No. Contents

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




7.2.1. By Vehicle Type (SUV, Sedan & Hatchback, & Van)





8. India Three-Wheeler Spark Plug Market Outlook




8.2.1. By Vehicle Type (Load Carrier & Passenger Carrier)






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S. No. Contents

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

R e s e a r c h M e t h o d o l o g y

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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.

https://www.techsciresearch.com/report/india-automotive-spark-plug-market-by-vehicle-type-passenger-car-two-wheeler-three-wheeler-by-type-copper-platinum-iridium-by-demand-category-oem-vs-replacement-competition-forecast-and-opportunities-2011-2021/709.html

S a m p l e D a t a - S n a p s h o t

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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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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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