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Global Automotive Ignition System (Ignition Switch, Spark Plug, Glow Plug, Ignition Coil, Ignition Control Module, Crankshaft & Camshaft Position Sensor) Market 2015-2019DUBLIN, Apr. 24, 2015 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/mrjqzs/automotive) has announced the addition of the "Automotive Ignition System Market by Components (Ignition Switch, Spark Plug, Glow Plug, Ignition Coil, Ignition Control Module, Crankshaft & Camshaft Position Sensor), Ignition Type (Coil on Plug & Simultaneous) and Region - Industry Trends & Forecast to 2019" report to their offering. The global automotive ignition system market size in terms of value is projected to grow to $7.6 billion by 2019 at a CAGR of 6.2%. U.S. new-car sales have been rising as a consequence of improving economy, generous incentive spending and increased demand for trucks and sport-utilities have lifted the annualized selling pace to an unprecedented high. Robust manufacturing, new housing strength and rising employment have been seen as the reasons for continued optimism. Western Europe car sales are expected to recover from the long slump with a two or three per cent gain in medium term. However, the torrid period since the global financial crash has seen the disappearance of more than 2-1/2 million sales every year in Western Europe. Asia-Oceania and North America are growing at a good pace owing to the increase in automotive production and demand for vehicles in these regions. Increase in purchasing power and low penetration of automobiles in emerging nations such as China, Brazil and India has resulted in an increase in demand for personal transportation. Asia-Oceania is estimated to be the largest market for ignition systems and is projected to grow at a highest rate from 2014 to 2019. Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-ignition-system-ignition-switch-spark-plug-glow-plug-ignition-coil-ignition-control-module-crankshaft--camshaft-position-sensor-market-2015-2019-300071741.html SOURCE Research and Markets |