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Automotive Horn Systems Market

Automotive Horn Systems Market Size, Share and Segmentation by Product Type (Air Horn, Electric Horn), by Horn Shape (Flat, Spiral, Trumpet), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1547 | June 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Automotive Horn Systems Market Size was valued at USD 920 million in 2021 and is expected to reach USD 1639.06 million by 2028 and grow at a CAGR of 8.6% over the forecast period 2022-2028.

An automotive horn is a warning device found in vehicles such as cars, buses, lorries, motorcycles, and other types of vehicles. The automobile horn in a car is used to alert others to the approaching vehicle. The purpose of an automobile horn is to warn pedestrians when a vehicle is approaching. Creating a sound and notifying the vehicle's presence, prevents and minimizes the risks of the driver being distracted. The horn on a car helps to avoid collisions by warning pedestrians and other vehicles in the area. A vehicle horn's design can be adjusted, as well as the frequency and strength of the sound, providing variety in the automotive sector. Automotive horns have a short lifespan and are entirely dependent on their use.

Automotive Horn Systems Market Revenue Graph

Throughout its history, automotive horn systems have progressed from pedestrian hand-operated horn systems or a whistle to inbuilt automated electric horns that serve the same role of notifying other oncoming cars and pedestrians. The alarming high decibel sound has gradually been lowered to an audible yet mild honk, which is enough to convey a perceived urgency, thanks to rapid developments in car horn systems. Many motorists and enthusiasts across the world want a variety of air horns and electric horns with customized tones. The frequency and strength of these horns are higher, and they may be heard from a long distance.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The global market for automotive horn systems is being driven by increased new vehicle sales.

  • Growing demand for trumpet horns for large commercial vehicles since people choose engines with superior performance.

RESTRAINTS: 

  • It contributes to noise pollution, which may limit the market for automotive horn systems.

  • Because of strict environmental regulations, automakers are choosing lighter components to reduce weight.

OPPORTUNITIES: 

  • The increasing replacement of vehicle horn systems presents an opportunity for aftermarket vendors.

  • Implementation of severe safety standards for the automotive industry.

CHALLENGES: 

  • Due to stringent regulations aimed at lowering frequencies, many manufacturers' production options have been limited.

  • Due to fierce pricing rivalry, automobile manufacturers are unable to focus totally on the needs of their customers.

IMPACT OF COVID-19:

Since the beginning of the COVID-19 pandemic, the market for car horn systems has been in steep decline. The epidemic has had a negative impact on a variety of enterprises around the world. The pandemic has had a significant impact on the transportation and automotive industries. Companies are closing down operations and production facilities to prevent the virus from spreading further, while the government has limited several manufacturing production activities. Most of the major end-use sectors have seen a decrease in demand and consumption of vehicle horn systems as a result of this.

The automotive horn systems market has been considerably impacted by supply chain disruption caused by COVID-19. The automotive horn systems business has been impacted by government-imposed lockdowns, as manufacturers around the world have ceased production due to social distancing rules and a lack of competent workers.

KEY MARKET PLAYERS:

Uno Minda (India), Sun AutomobileCo., Ltd. (US), Robert Bosch (Germany), Fiamm (Italy), Maruko Keihoki (Japan), HELLA (Germany), Imasen Electric Industrial (Japan), Mitsuba Corporation (Japan), Roots Group of Companies, Denso Corporation, Kleinn Automotive (US), SORL Auto Parts (China), and Wolo Manufacturing (US) are some of the affluent competitors with significant market share in the Automotive Horn Systems Market.

MARKET ESTIMATION: 

Market, By Product Type:

Based on the product type segment, the global market has been divided into the electric horn, and air horns. Electric horns are likely to account for a higher portion of the global market. Because they are easy to install and customize, the electric horn segment is predicted to increase at a quicker rate throughout the projection period.

Market, By Horn Shape:

The global market has been divided into flat, spiral, and trumpet based on the horn shape segment. During the forecast period, the flat form horn segment is predicted to have the greatest share of the market and increase at the fastest rate. Flat-shaped horns are smaller in size and are commonly found in automobiles.

Market, By Vehicle Type:

Based on the vehicle type segment, the global market has been divided into passenger cars and commercial vehicles. During the projection period, the passenger car category is expected to lead the market. Hatchbacks, sedans, multi-purpose vehicles (MUVs), and sports utility vehicles are examples of passenger cars (SUVs). LCVs (light commercial vehicles) and HCVs (heavy commercial vehicles) are two types of commercial vehicles (HCVs).

MARKET SEGMENTATION:

By Product Type:

  • Electric Horn

  • Air Horn

By Horn Shape:

  • Flat

  • Spiral

  • Trumpet

By Vehicle Type:

  • Passenger cars

  • Commercial vehicles

Automotive Horn Systems Market Segment Chart

REGIONAL ANALYSIS:

Due to the rising automotive sector, which has resulted in increased manufacturing of vehicles and automotive horns, Asia-Pacific accounts for a significant portion of the automotive horn systems market. The market for automobile horn systems in North America is predicted to grow as sales of vehicles with electric horns rise. Due to increased production and recovering car sales in Europe, the market for automotive horn systems is likely to grow. The market for automobile horn systems in the United States is predicted to grow as sales of hybrid and electric vehicles rise. With the presence of Germany and Italy, the Western Europe market has a large export market and thus is a key contributor to the automotive horn systems industry.

India and China are the market leaders in automobile horn systems. Due to rising vehicle production and long-term aftermarket potential, the countries offer the best opportunities for companies in the automotive horn systems market. After a period of relatively sluggish expansion, the Latin American automobile horn systems market is predicted to resume sustainable growth. The rapidly changing automotive industry dynamics of South Africa, Egypt, and Iran are projected to boost the market for automotive horn systems.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Horn Systems Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 920 Million
Market Size by 2028 US$ 1639.06 Million
CAGR CAGR of 8.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Air Horn, Electric Horn)
• by Horn Shape (Flat, Spiral, Trumpet)
• by Vehicle Type (Passenger Cars, Commercial Vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Uno Minda (India), Sun AutomobileCo., Ltd. (US), Robert Bosch (Germany), Fiamm (Italy), Maruko Keihoki (Japan), HELLA (Germany), Imasen Electric Industrial (Japan), Mitsuba Corporation (Japan), Roots Group of Companies, Denso Corporation, Kleinn Automotive (US), SORL Auto Parts (China), and Wolo Manufacturing (US)
Key Drivers •The global market for automotive horn systems is being driven by increased new vehicle sales.

•Growing demand for trumpet horns for large commercial vehicles since people choose engines with superior performance.
RESTRAINTS •It contributes to noise pollution, which may limit the market for automotive horn systems.

•Because of strict environmental regulations, automakers are choosing lighter components to reduce weight.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Horn Systems Market Segmentation, by Product Type

8.1 Electric Horn

8.2 Air Horn

 

9. Global Automotive Horn Systems Market Segmentation, by Horn Shape

9.1 Flat

9.2 Spiral

9.3 Trumpet

 

10. Global Automotive Horn Systems Market Segmentation, by Vehicle Type

10.1 Passenger cars

10.2 Commercial Vehicles

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Continental AG (Germany),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Uno Minda (India)

12.3 Sun AutomobileCo., Ltd. (US)

12.4 Robert Bosch (Germany)

12.5 Fiamm (Italy)

12.6 Maruko Keihoki (Japan)

12.7 HELLA (Germany)

12.8 Imasen Electric Industrial (Japan)

12.9 Mitsuba Corporation (Japan)

12.10 Roots Group of Companies

12.11 Denso Corporation

12.12 Kleinn Automotive (US)

12.13 SORL Auto Parts (China)

12.14 Wolo Manufacturing (US)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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