Report Id: SNS/AUTO/1547 | June 2022 | Region: Global | 120 Pages
Report Scope & Overview:
Automotive Horn Systems Market Size was valued at USD 999.12 million in 2022 and is expected to reach USD 1933.10 million by 2030 and grow at a CAGR of 8.6% over the forecast period 2023-2030.
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.
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.
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.
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.
The increasing replacement of vehicle horn systems presents an opportunity for aftermarket vendors.
Implementation of severe safety standards for the automotive industry.
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, 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).
By Product Type:
By Horn Shape:
By Vehicle Type:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 999.12 Million|
|Market Size by 2030||US$ 1933.10 Million|
|CAGR||CAGR of 8.6% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
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
10. Global Automotive Horn Systems Market Segmentation, by Vehicle Type
10.1 Passenger cars
10.2 Commercial Vehicles
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Continental AG (Germany),
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
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