India Automotive Spark Plug Market Forecast and Opportunities, 2019

Bharat Book Bureau provides the report, on “India Automotive Spark Plug Market Forecast and Opportunities, 2019”.https://www.bharatbook.com/automotive-market-research-reports-565615/india-automotive-spark-plug-market-forecast-opportunities.html

This report on automotive spark plug market to help industry consultants, automotive spark plug manufacturers and other stake holders to align their market-centric strategies.

Aug 26th 2015- Mumbai, India: Bharatbook.com announces a report on “India Automotive Spark Plug Market Forecast and Opportunities, 2019”. The Report on automotive spark plug market key factors driving the market include growing automobile sales, rising automobile fleet size and favorable government policies for automotive sector.

India is the third largest automotive market in Asia after China and Japan.https://www.bharatbook.com/automotive-market-research-reports-565615/india-automotive-spark-plug-market-forecast-opportunities.htmlSubsequent to 2009 global economic crisis, the country’s automobile sector soared with significant rise witnessed on the production front. At present, almost all the major global automobile manufacturers have their operations in India. Cumulative sales of passenger cars, three wheelers and two wheelers in the country grew at a CAGR of over 10% during 2009-13. This has been significantly boosting the spark plug demand over the last five years. India offers great potential for robust continuing growth in automotive and allied sectors as the country still has significantly lower motorization rate compared to developed economies, which consequently means a huge opportunity for spark plugs suppliers.

According to “India Automotive Spark Plug Market Forecast & Opportunities, 2019”, the spark plug market in India is estimated at around US$ 119 million in 2014. Key factors driving the market include growing automobile sales, rising automobile fleet size and favorable government policies for automotive sector. India...