The Automotive Glow Plugs market was valued at USD 3. 93 billion in 2020 and is anticipated to reach USD 5. 06 billion by 2026, at a CAGR of more than 4% during the forecast period (2021 – 2026).
New York, June 16, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automotive Glow Plugs Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06095515/?utm_source=GNW
The COVID-19 pandemic, has hit the autmotive glow plug market more quickly and severely. It started as a domestic supply crisis in China, thereby rapidly turning into the biggest ever drop in global aftermarket demand, approaching a 20% drop in the parts and components industry. Major companies in the aftermarket business shifted their aim from production recovery plans to protecting employees, cost savings, and safeguarding liquidity.
Glow plugs are an integral part of diesel ignition systems. Despite a slight decline in a global vehicle production number in 2019, the demand for glow plugs is anticipated to continue till the forecast period, as…
