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Latin America Automotive Spark Plug Market Size & Outlook

The automotive spark plug market in Latin America is expected to reach a projected revenue of US$ 455.5 million by 2030. A compound annual growth rate of 2.8% is expected of Latin America automotive spark plug market from 2024 to 2030.

Revenue, 2023 (US$M)
$375.8
Forecast, 2030 (US$M)
$455.5
CAGR, 2024 - 2030
2.8%
Report Coverage
Latin America

Latin America automotive spark plug market, 2018-2030 (US$M)

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Latin

Related Markets

Global Automotive Spark Plug Industry Outlook

North America Automotive Spark Plug Market Outlook

Europe Automotive Spark Plug Market Outlook

Asia Pacific Automotive Spark Plug Market Outlook

MEA Automotive Spark Plug Market Outlook

Latin America automotive spark plug market highlights

  • The Latin America automotive spark plug market generated a revenue of USD 375.8 million in 2023.
  • The market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
  • In terms of segment, hot sprak plug was the largest revenue generating type in 2023.
  • Hot Sprak Plug is the most lucrative type segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 375.8 million
Market revenue in 2030USD 455.5 million
Growth rate2.8% (CAGR from 2023 to 2030)
Largest segmentHot sprak plug
Fastest growing segmentHot Sprak Plug
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHot Sprak Plug
Key market players worldwideEdwards Lifesciences Corp, St. Jude Medical, Medtronic PLC, Boston Scientific Corp, Abbott Laboratories


Other key industry trends

  • In terms of revenue, Latin America region accounted for 8.6% of the global automotive spark plug market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,434.6 million by 2030.

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Automotive Spark Plug Market Scope

Automotive spark plug market segmentation & scope
Type
Hot Sprak Plug
Cold Spark Plug
Vehicle Type
Passenger Vehicle
Commecial Vehicle
Sales Channel
OEM
Aftermarket
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

Automotive Spark Plug Market Companies

Name Profile # Employees HQ Website

Latin America automotive spark plug market

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