Automotive Horn Market
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 significant CAGR of 7.3% during the forecast period.. The rising number of vehicles across the globe is the prominent factor driving the demand and growth of the automotive horn market. According to India Brand Equity Foundation (IBEF), India’s annual production of automobiles in 2021 was around 22.65 million vehicles and in September 2021 the Indian Government passed a notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion). Aaprt from these, OEMs are focusing on manufacturing of low cost horns which is the other growth factor that can bring new opportunities to the market during the expected forecast.
Impact of COVID-19 Pandemic on Global Automotive Horn Market
COVID-19 has impacted almost every industry drastically including automotive and transporation across the globe. The pandemic created hurdles for international trade and transportation and restricted travel which disrupted the supply chain for most of the industry and the automotive horn market as well.Due to government restriction on mobility and temporapry halt in new vehicle production, the demand for new horn get degrade which lead to the declination in market growth.
Segmental Outlook
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. 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. Based on design type, the flat horns are anticipated to grow fast as they have a long life compared to trumpet and spiral horns and are also small in size. Owing to this, they are most preferred horn type in automobiles.
Global Automotive Horn Market Share by Horn Type, 2021 (%)
The Electric Horns Segment is Expected to Hold Significant Share in the Global Automotive Horn Market
Based on horn type the electric horn segment holds significant share in the global automotive horn market during the forecasted period. These electric horns are equipped mainly in commercial and passenger vehicles and electric horns can be customized. In addition, they produce a decent sound which easily audible to others and their life span is more than the air horn, hence they are preferred more by OEMs in vehicle manufacturing. Electric horns are environmentally friendly and require low power consumption.
Regional Outlooks
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 presence of well-established automobile makers in the region’s major economies and increasing demand for the vehicles which are propelling the market for automotive horns.
Global Automotive Horn Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold the Considerable Share in the Global Automotive Horn Market
Based on region the Asia-Pacific region held prominent share in 2021, the regiona is further projected to hold considerable share in the global automotive horn market during the forecast period. Owing to the growing production of vehicles in the region, the demand for automotive horns is increasing. Due to the growing disposable income, the demand for vehicles is increasing along with the automotive parts production such as horn.. For instance, according to China.org.cn, the growth of EV vehicles saw an increase of 367% year-on-year basis by selling neighborhood electric vehicles (NEV) of around 600,000 in 2021, which shows the increasing demand for cars which in turn creates the demand for automotive horns also from the automobile industry.
Market Players Outlook
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.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive horn market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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
1. GLOBAL AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY HORN TYPE , 2021-2028 ($ MILLION)
2. GLOBAL AIR AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ELECTRIC AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY DESIGN TYPE, 2021-2028 ($ MILLION)
5. GLOBAL FLAT AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL SPIRAL AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL TRUMPET AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
9. GLOBAL AUTOMOTIVE HORN FOR PASSENGER CARS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE HORN FOR COMMERCIAL VEHICLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY HORN TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY DESIGN TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
16. EUROPEAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY HORN TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY DESIGN TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY HORN TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY DESIGN TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY HORN TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY DESIGN TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD AUTOMOTIVE HORN MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE HORN MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE HORN MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE HORN MARKET, 2021-2028 (%)
4. GLOBAL AUTOMOTIVE HORN MARKET SHARE BY HORN TYPE , 2021 VS 2028 (%)
5. GLOBAL AIR AUTOMOTIVE HORN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ELECTRIC AUTOMOTIVE HORN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL AUTOMOTIVE HORN MARKET SHARE BY DESIGN TYPE, 2021 VS 2028 (%)
8. GLOBAL FLAT AUTOMOTIVE HORN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL SPIRAL AUTOMOTIVE HORN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL TRUMPET AUTOMOTIVE HORN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL AUTOMOTIVE HORN MARKET SHARE BY VEHICLE TYPE, 2021 VS 2028 (%)
12. GLOBAL AUTOMOTIVE HORN FOR PASSENGER CARS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL AUTOMOTIVE HORN FOR COMMERCIAL VEHICLES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL AUTOMOTIVE HORN MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
17. UK AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD AUTOMOTIVE HORN MARKET SIZE, 2021-2028 ($ MILLION)
