Abstract
Demand for Premium Spark Plugs Drives the Aftermarket
The demand for premium spark plugs (especially platinum) in the North American aftermarket is
fast growing as they offer longer tune-up cycles and higher durability than traditional copper
plugs. Platinum spark plugs are expected to last between 60,000 and 75,000 miles, which is almost
twice as long as traditional copper spark plugs. With increased premium usage of platinum, the
market has witnessed the introduction of the double platinum line that provides platinum-to-platinum
firing. This increases durability and virtually eliminates the possibility of gap erosion. In
addition, some market participants have introduced the triple platinum spark plugs with an even
higher usage of platinum, as the name suggests.
This Frost & Sullivan research service provides an overview of and an outlook for the North
American spark plugs aftermarket, detailing unit shipment and revenue forecasts as well as providing
market share analysis. It segments the aftermarket into traditional, premium, and ultra-premium
spark plugs. The research service further provides analysis of Market Engineering, pricing and
distribution channels along with trends by product type and geographic region, and studies the
prevailing competitive structure, important market trends and products offered by key aftermarket
participants.
Increasing Use of Precious Metals Allows for Price Stability of Spark Plugs in the Aftermarket
"Although the double platinum plugs offer greater durability, the use of larger amount of
platinum greatly increases the overall cost of the spark plug," notes the analyst of this
research. "In addition, the growing preference of automakers for fine wire platinum
applications for their vehicles has supported their demand in the aftermarket as well."
Therefore, the greater usage of platinum would lead to higher costs and further the machinery used
on fine wire applications is slightly different from others, which adds up to the expenditure.
Presently, there is a steady demand for higher priced Iridium plugs that offer a superior product
life compared to platinum spark plugs. The continued usage of precious metals is expected to help
boost prices, even though the total units sold are expected to decline. Further, the changes in
engine designs by vehicle manufacturers can lead to redesigning of spark plugs.
Developments in Underhood Technologies Provide Scope for Spark Plug Aftermarket Expansion
The changes in underhood technologies such as distributorless ignition systems (DIS) and coil --
on -- plug (COP) systems have fueled the need for premium spark plugs. "Vehicle manufacturers
recommend platinum spark plugs over copper ones because they are more durable and therefore can
sustain the high voltage required to be passed through DIS and COP equipped vehicles," says the
analyst. "Today, almost 65 to 70 percent of vehicles on the road are equipped with DIS and COP
technologies and this is expected to increase in future and since almost all such vehicles must have
a platinum or iridium spark plugs to sustain the high voltage, they need to be replaced with the
same type of spark plugs respectively." This results in the growth of the premium and
ultra-premium market segments and reduces the market for copper spark plugs."
Overall, the expected increase in the weighted average number of cylinders, installed in light
vehicles over the forecast horizon -- coupled with growing substitution of traditional spark plugs
with premium and ultra-premium categories is driving the North American spark plugs aftermarket.
Further, the need for replacement of spark plugs is likely to escalate with increase in the vehicle
parc, average vehicle age and average miles driven per year.
Table of Contents
- 1. Executive Summary
- 1. Summary of Major Findings
- 2. North American Spark Plugs Aftermarket
- 1. Overview and Definitions
- 1. Market Overview and Definitions
- 2. Market Engineering Measurement Analysis
- 2. Market Drivers and Restraints
- 1. Market Drivers
- a. Increasing Demand for Premium Spark Plugs
- b. Increasing Use of Precious Metals Allows for Price Stability
- c. Increase in Number of Cylinders in Vehicle Parc Increases Demand for Spark Plugs
- d. Rise in Steel Prices Contributes to the Rise in Price of Spark Plugs
- 2. Market Restraints
- a. Increasing Durability of Spark Plugs Reduces Replacement Rate
- b. Decline in Demand for Standard Copper Spark Plugs
- c. Overcapacity in the Market is Restraining Price Growth
- 3. Quantitative Analysis
- 1. Demand Analysis
- 2. Unit Shipment and Revenue Forecasts
- 3. Trends by Product Type
- 4. Trends by Geographic Region
- 5. Pricing Analysis and Trends
- 4. Competitive Analysis
- 1. Competitive Analysis and Trends
- 2. Distribution Channel Analysis
- 3. Revenue Market Share Analysis
- 4. Market Trends
- 5. Product Analysis
- 5. Frost & Sullivan Awards
- 1. Frost & Sullivan Customer Service Leadership Award
- 2. Frost & Sullivan Product Line Strategy Award
- 3. Appendix
- 1. Acronyms and Equations
- 1. Acronyms and Abbreviations
- 2. Currency Exchange Rates
- 3. Conversion Equations
- 4. Compound Annual Growth Rate
- 4. Decision Support Database
- 1. Decision Support Database
- 1. Automotive Technicians
- 2. Automotive Retailers
- 3. Automotive Dealers
- 4. Repair Shops
List Of Figures
Chapter 2
- Spark Plug Aftermarket: Market Drivers Ranked in Order of Impact (North America), 2005 -2011
- Spark Plug Aftermarket: Weighted Average of Number of Cylinders per Vehicle (North America),
1985 - 2003
- Spark Plug Aftermarket: Light Vehicles Sales by Geographic Region and Vehicle Type (North
America), 2001-2011
- Spark Plug Aftermarket: Market Restraints Ranked in Order of Impact (North America), 2005 --
2011
- Spark Plug Aftermarket: Average Vehicle Age (North America), 2001-2011
- Spark Plug Aftermarket: Average Annual Use per Light Vehicle (United States), 2001-2011
- Spark Plug Aftermarket: Light Vehicles in Use by Geographic Region (North America), 2001-2011
- Spark Plug Aftermarket: Unit Shipment and Revenue Forecasts (North America), 2001-2011
- Spark Plug Aftermarket: Percent of Revenues by Product Type (North America), 2001 - 2011
- Spark Plug Aftermarket: Percent of Revenues by Geographic Region (North America), 2001-2011
- Spark Plug Aftermarket: Manufacturer-Level Pricing Analysis (North America), 2001-2011
- Spark Plug Aftermarket: Competitive Analysis (North America), 2004
- Spark Plug Aftermarket: Revenue Shares by Distribution Channel (North America), 2004
- Spark Plug Aftermarket: Revenue Shares of Major Market Participants (North America), 2004
- Spark Plug Aftermarket: Outsourcing and Brand Analysis for Major Market Participants (North
America), 2004
- Spark Plug Aftermarket: Products Offered by Major Market Participants (North America), 2004
Chapter 3
- Ignition Caps and Rotors Aftermarket: Exchange Rate (Canada: U.S.), 2003-2005
- Ignition Caps and Rotors Aftermarket: Exchange Rate (Europe: U.S.), 2003-2005
- Ignition Caps and Rotors Aftermarket: Exchange Rate (Japan: U.S.), 2003-2005
- Ignition Caps and Rotors Aftermarket: Exchange Rate (Mexico: U.S.), 2003-2005
- Ignition Caps and Rotors Aftermarket: Exchange Rate (UK: U.S.), 2003-2005
自動車
その他のカテゴリ
FAQ