The global automotive aftermarket for ignition systems, including ignition coils and spark plugs, is undergoing a significant transformation. Despite the continuous growth of the new energy vehicle market, the massive existing fleet of internal combustion engine (ICE) and hybrid vehicles ensures a stable growth momentum for this sector. The global market for automotive ignition components is projected to reach approximately $9.2 billion by 2025.
Here are the key trends in this market that you should focus on for your foreign trade website.
Driven by increasingly stringent emission regulations and consumer demands for better fuel efficiency, ignition systems are evolving toward higher performance and enhanced intelligence.
The growth of the global automotive aftermarket is shifting from traditional markets to emerging ones, especially in Asia.
The trend of electrification poses a challenge to the traditional ignition system market, but it also brings new opportunities.