Automotive Horn Market 2022-2028

Description

List of Tables

Title:Global Automotive Horn Market Size, Share & Trends Analysis Report By Horn Type (Air Horn and Electric), By Design Type (Flat, Spiral, and Trumpet), by Vehicle Type (Passenger Cars and Commercial Vehicles) Forecast Period (2022-2028).

The global automotive horn market is anticipated to grow at a substantial CAGR of 7.3% during the forecast period. The increasing number of road accidents and demand for audible softer tone horns is growing the automotive horn market across the globe. Most road accidents happen due to the negligence of the driver or the pedestrian who is unaware of the approaching vehicle due to not properly hearing the horn sound. According to the WHO, road traffic crashes result in the death of approximately 1.35 million people every year globally and around 20 to 40 million people are severely injured every.

The global automotive horn market is segmented based on horn type, design type, and vehicle type. Based on horn type the market is segmented into air horns and electric horns. The electric horn segment is projected to hold leading share in the market during the forecast period. The segment growth is attributed to the features associated with electric horn such as it can be customized and easily installed. Based on design type, the market is sub-segmented into flat, spiral, and trumpet. Based on vehicle type the market is segmented into passenger cars and commercial vehicles.

The global automotive horn market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Europe is anticipated to grow at a faster rate due to the rising number of EV vehicles in the region, as the consumer's preference is shifting towards the EV vehicles. According to UNEP, around 20% of the new car sold in Europe and the UK in December 2021 were electric vehicles meanwhile the sale of diesel vehicles in the EU slipped below 20%. The leader in EV sales in Europe is Norway, which vehicles out of which 80% vehicles are Evs. These factors tend to boost the demand for the horn industry.

The major companies serving the global automotive horn market include Hella KGaA Hueck & Co., Robert Bosch GmbH, Wolo Manufacturing Corp, and Imasen Electric Mfg. Co., Ltd., MITSUBA Corp, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market.

Research Methodology

The market study of the global automotive horn market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Automotive Horn Market Research and Analysis by Horn Type
Global Automotive Horn Market Research and Analysis by Design Type
Global Automotive Horn Market Research and Analysis by Vehicle Type

The Report Covers:

Comprehensive research methodology of the global automotive horn market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global automotive horn market.
Insights about market determinants that are stimulating the global automotive horn market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026675

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Automotive Horn Market
Recovery Scenario of Global Automotive Horn Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Hella KGaA Hueck & Co.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Robert Bosch GmbH
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Wolo Manufacturing Corp
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Imasen Electric Mfg. Co., Ltd.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. MITSUBA Corp
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Automotive Horn Market by Horn TYpe
- 4.1.1. Air Horn
- 4.1.2. Electric Horn
4.2. Global Automotive Horn Market by Design Type
- 4.2.1. Flat
- 4.2.2. Spiral
- 4.2.3. Trumpet
4.3. Global Automotive Horn Market by Vehicle Type
- 4.3.1. Passenger Cars
- 4.3.2. Commercial Vehicles

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. FIAMM Energy Technology S.p.A.
6.2. INFAC CORP
6.3. Kleinn Air Horns
6.4. MIYAMOTO ELECTRIC HORN CO., LTD.
6.5. SORL Auto Parts, Inc.
6.6. Sun AutomobileCo. Ltd.
6.7. UNO Minda