USD 10.55 billion
Automotive Ignition Coil Market Size, Share, Growth Analysis, By Type(Coil-on-Plug, Distributor-based, Distributor less, Others), By Product Type(Can-type Ignition Coil, Electronic Distributor Coil, Double Spark Coil, Pencil Ignition Coil), By Vehicle Type(Passenger Cars, Commercial Vehicles, Others), By Distribution Channel(OEM, Aftermarket), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2189 |
Region:
Global |
Published Date: September, 2024
Pages:
223
|Tables:
89
|Figures:
76
Automotive Ignition Coil Market Insights
Automotive Ignition Coil Market size was valued at USD 10.6 Billion in 2023 and is poised to grow from USD 11.01 Billion in 2024 to USD 14.95 Billion by 2032, growing at a CAGR of 3.90% during the forecast period (2025-2032).
The COVID-19 forced quite a number of car and automobile component manufacturing plants to shut down temporarily. However, whenever lockdowns began to ease in most countries, car demand increased very slightly. It hit the automobile industry the hardest as most companies within this industry experienced interruptions to their supply chain and manufacturing activities. Higher vehicle manufacturing and improving automobile sales across the globe boost the sales of car ignition coils. However, the economic scenarios are at a very unpredictable level now, yet there has been moderate growth witnessed in the automobile sector across the world. This is especially true in developing countries, wherein more automobile manufacturing will take place than in affluent nations. Increasing urbanization, growth in per capita income, and improvements in living standards, are all critical factors for market expansion in these developing countries. Global demand for automobiles is expected to grow during this period, but this would predict to translate to an increase in demand for ignition systems. Slow growth in demand, however, is currently recorded for vehicles for several reasons. This means that, US-China trade war remains the critical factor affecting car sale and production globally, so the ignition system is most anticipated to going to increase slowly in the near term.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Passenger cars
Fastest Growth
Passenger cars
Growth Rate
3.8% CAGR
Global Automotive Ignition Coil Market By Geography ($ Bn)
Country Share for North America Region (%)
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Automotive Ignition Coil Market Segmental Analysis
Global Automotive Ignition Coil Market is segmented by Type, Product Type, Vehicle Type, Distribution Channel, and region. Based on Type, the market is segmented into Coil-on-Plug, Distributor-based, Distributor less, and Others. Based on Product Type, the market is segmented into Can-type Ignition Coil, Electronic Distributor Coil, Double Spark Coil, Pencil Ignition Coil, Ignition Coil Rail, and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, Others. Based on Distribution Channel, the market is segmented into OEM, and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Automotive Ignition Coil Market Analysis by Distribution Channel
The largest market share is the aftermarket segment, with an expected growth rate of 4.8% CAGR over the course of the projection period. The number of gasoline-powered cars globally is expected to be high, thereby increasing the demand for ignition coils in the aftermarket. Cars with gasoline engines have witnessed tremendous growth in recent times. For instance, from 2016, gasoline has become the standard fuel for all new cars sold in China except electric cars. Similarly, gasoline powered 52.1% of all new cars sold in the European Union in the first half of 2020. The number of passenger cars running on gasoline has been trending upwards continuously over the last five years. The newly sold gasoline-powered passenger cars' ignition coils would be changed within the next few years. This would give the impetus to the development of the aftermarket segment over the duration of the forecast period.
As more vehicles roll out globally, the development of the original equipment manufacturer (OEM) segment will be quite significant over the projection period. Automobile manufacturers are investing in high-quality components, including ignition coils, because they focus on the enhanced fuel efficiency and performance of their vehicles. With the increasing adaptation of state-of-the-art automotive technology hybrid and fuel-efficient gasoline engines, this trend is more evident than ever. Moreover, strict emission standards push companies into using advanced ignition coil designs that meet environmental and performance criteria. This would lead to a sharp demand for OEM ignition coils, signifying the industry's commitment to delivering reliable, efficient automobiles in keeping with changing standards that satisfy legal requirements.
Automotive Ignition Coil Market Analysis by Vehicle Type
The passenger cars segment remains the global market leader in the automotive ignition coil market and is expected to grow further with a CAGR of 4.5% over the forecast period. This growth will be mainly due to an increase in the average age of global passenger cars and increased demand for used cars. As automobiles grow older, they demand more attention, and owners are compelled to incur costs on their vital parts including the replacement of their ignition coils and repair of their vehicle to keep it in its best form. More importantly, the culture of holding onto older models of vehicles for longer periods is predicted to increase the market for after-sale ignition coils. Passenger car segment is also an area which would emerge as a biggest contributor toward market growth in the future, because users would spend more on the performance and reliability of the vehicle.
The commercial vehicle market will, however, lead with a dominant market share over the forecast period driven by surging demand for logistics and transportation services globally. The demand for commercial vehicles, such as trucks and vans, is rising drastically to ensure last-mile delivery and freight transport as e-commerce continues to grow. Commercial automobiles also tend to have higher working requirements that need frequent servicing and changing of ignition coils, and other parts more frequently, as well. There is an increasing interference of desire for better performance along with greater economy of the automobile. Such high-end ignition coil technologies the companies look at are hoped to fulfill these desires by them. These would propel the growth of the commercial vehicle segment and position it as a major player in the automotive ignition coil market.
Global Automotive Ignition Coil Market By Distribution Channel
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Automotive Ignition Coil Market Regional Insights
Asia-Pacific is the largest market in the global automotive ignition coil market due to robust production capabilities and a rapidly growing automotive sector in the region. Demand for ignition coils is driven by some of the world's leading automakers and suppliers based here. The massive increase in car manufacturing and sales in countries such as China, Japan, South Korea, and India has provided a large market for automotive parts. For instance, the country of China, considered to be the world's biggest automotive market, has experienced galloping growth in the number of automobiles owned, which, in turn, has created a huge demand for ignition coils. With this scenario, technology-driven developments in automobile production and strategic role of Asia Pacific in the global automotive scene are reasons for its supremacy.
On the geographical region front, the global automotive ignition coil market is rapidly advancing in North America. The region has a strong aftermarket automotive market, and ignition coil replacement demand is high. Apart from this, electric vehicles require new distinct kinds of ignition systems for production and sale, which has been picking up at a steady pace in North America. Furthermore, high-technology ignition coil uptake has been influenced by environmental regulations and fuel economy in the region. As an instance, the US is an excellent investment area for producers of automobile ignition coils due to its powerful automotive industry and emphasis on technology. The rise in demand for environmental-friendly cars and the requirement for high ignition system strength enhance the North American market.
Global Automotive Ignition Coil Market By Geography
- Largest
- Fastest
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Automotive Ignition Coil Market Dynamics
Global Automotive Ignition Coil Market Drivers
Growing Automotive Manufacturing
- The high growth of passenger and commercial vehicle production are working highly in favor of the global market for automotive ignition coils. In addition, enhancement in their products to meet diversified demands of customers by creating them performance and efficiency-oriented boosts the demand for high-quality ignition coils. Moreover, hybrid cars and electrification trend is helping to induce advancement in the designing of advanced high-end sophisticated ignition technology, and hence supports the upward momentum of the market.
Increasing Attention to Vehicle Maintenance
- With growing interest in vehicle maintenance and lifetime of automotive components, demand for ignition coils, in particular, continues to grow in the aftermarket segment. Customers are increasingly replacing worn-out ignition coils since they have become increasingly aware of the advantages of routine maintenance related to performance and safety. Aging is another factor aggravating this trend and pushing repair and replacement costs up-average age of cars on the road.
Restraints
Expensive Advanced Ignition System Price Prohibitive
- Advanced ignition coil technology, like that used in electric and hybrid cars, may be too costly for a number of car manufacturers and users. This might make the cost unaffordable, making this measure impracticable for wide-scale adoption since affordability is always one of the significant factors to consider in some economies. Unwillingness to part with money on advanced ignition systems would thus stifle the growth of the market, even more so where average incomes are relatively low.
Raw Material Price Volatility
- Raw materials used in the making of ignition coils include metals and polymers. Price fluctuations of raw materials can have massive impacts on production costs. Customers whose demand may be responsive to price shocks of raw materials may end up ordering less due to a lack of stability. Moreover, an inability to maintain profits may deter the producers from investing in new technology or even going for an increase in output so as not to expand the market.
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Automotive Ignition Coil Market Competitive Landscape
There are several key players in the highly competitive global market for automotive ignition coils. Such key players compete based on factors such as customer service, price, performance, innovation, and product quality. To meet the demand for ignition coils both in the OEM and Aftermarket segment, a number of these industry's major manufacturers have developed strong distribution networks and collaborations with automobile manufacturers. To derive a competitive edge, market players are targeting the development of technologically advanced ignition coils with increased efficiency and strength, and greater compatibility with various engine types.
Top Player’s Company Profiles in Global Automotive Ignition Coil Market
- BorgWarner Inc. (US)
- Denso Corporation (Japan)
- Diamond Electric MFG (Japan)
- Eldor Corporation S.p.A. (Italy)
- Hitachi Ltd. (Japan)
- Mitsubishi Electric Corporation (Japan)
- NGK Spark Plug Co. Ltd. (Japan)
- Robert Bosch GmbH (Germany)
- Standard Motor Products Inc. (US)
- Valeo (France)
- Continental AG (Germany)
- Hella KGaA Hueck & Co. (Germany)
- SMP Automotive (US)
- Nisshinbo Holdings Inc. (Japan)
- Haldex AB (Sweden)
- Autolite (US)
- MSD Performance (US)
- Lemforder (Germany)
- Dayco Products LLC (US)
- Zexel (Japan)
- Vitesco Technologies (Germany)
- Marelli Holdings Co., Ltd. (Japan)
Global Automotive Ignition Coil Market Recent Developments
- October 2022: Diamond Electric Holdings Co., Ltd. aims at having JPY 150 billion, which is approximately equivalent to about USD 1.36 billion in sales revenues by FY2026. To achieve this goal, the company plans to grow its automotive components business, particularly ignition coils, strategically.
- September 2022: In a bid to enhance road safety, DENSO Corporation announced that it has expanded the detecting angle of its vision sensor. This will strengthen the sensor's ability to identify bicycles and people around a car. This sensor is intended for some of the variants of Subaru Legacy Outback models on sale in North America, as of April 13, 2022, and new Subaru Crosstrek*1, which hit the market in Japan on September 15, 2022.
- July 2022: A group of companies commences research, Isuzu Motors Limited (Isuzu), DENSO Corporation (DENSO), Toyota Motor Corporation (Toyota), Hino Motors, Ltd. (Hino), and Commercial Japan Partnership Technologies Corporation (CJPT). For better "concrete achievement" of carbon neutrality, the fundamental research on hydrogen engines for heavy-duty commercial vehicles may be conceived from an internal combustion engine.
Automotive Ignition Coil Key Market Trends
- Transition to Electrification: A main trend going forward in this industry is the automotive ignition coil market will be moving toward electrification, with support from customer demand for hybrid and electric cars. Since manufacturers are focusing on producing cost-effective and environmentally friendly vehicles, the demand for special ignition coils designed exclusively for electric and hybrid engines is expected to increase as a result. This shift is expected to drive innovation in technology regarding ignition and create a market that will adapt to all the ever-changing trends of vehicles.
- Integration of Smart Technology: Another emerging trend driving the automotive ignition coil market is smart technologies, including IoT-based features in automobiles. These upgrades make possible the real-time monitoring of vehicle diagnostics and performance and thus enhance maintenance and operation efficiency. The demand for complex ignition coils that allow such qualities is expected to increase as smart technologies are increasingly incorporated in the automobile sector and thus there is more innovation and market expansion.
Automotive Ignition Coil Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the automotive ignition coil market is expected to surge heavily by the factors that include increased vehicle manufacturing, extra care being taken about the maintenance of vehicles, and the trend of electrification. Even though it faces some fundamental challenges such as exorbitant implementation cost and an erratic raw material rate, it is turning into a changed industry catering to evolving customer preferences. Industry trends such as smart technology and advancements in ignition systems will further accelerate the pace of innovation. Increasing consumer and commercial vehicle categories will further lead to the need for reliable ignition coils that perform well, promising significant growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.6 Billion |
| Market size value in 2032 | USD 14.95 Billion |
| Growth Rate | 3.90% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Ignition Coil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Ignition Coil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Ignition Coil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Ignition Coil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Ignition Coil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Ignition Coil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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