Global Spark Plug Market to be accelerated by Increasing Sales of Motor Vehicles with C... - 0 views
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robertwilliam02 on 31 Oct 18The increasing disposable income combined with the growing middle class population is driving the global automotive industry around the globe. The growing sales of automotive vehicles are further paving the way for the growth of the global spark plug market. Further, to curb the emissions and harmful pollutants to the environment, there are strict government regulations that are forcing the spark plug manufacturers to develop advanced and efficient spark plugs. In addition to that, the growing adoption and increasing awareness regarding spark plugs among the consumers is the promising growth factor behind the development of spark plug market in the years ahead. The increasing awareness about the spark plugs quality is believed to supplement the growth of the Global Spark Plug Market with USD 9,267.2 Million by the end of 2024, rising its way up from USD 6,012.9 Million in 2016, expanding at a CAGR of 5.7% between the period 2017 and 2024.