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Automotive horn is one of the vital components in all types of vehicles. Horn is operated to warn the surrounding vehicles or pedestrians about the vehicle’s approach. It helps to avoid the collision by alerting the pedestrians and vehicles which are in surrounding. Governing bodies across the globe have imposed several stringent norms on manufacturing companies regarding the loudness of automotive horns. Rising sales and production of vehicles globally is expected to drive the automotive horn market. Low cost and ease of production of horns is also another factor, which is anticipated to drive the market. OEMs are focusing on manufacturing horns which are audible at a long distance. OEMs are manufacturing horns which have specific intensity so that it doesn’t cause a sudden distraction to the driver of another vehicle. Automotive horns can be customized as per the users’ requirements. High-intensity horns cause sound pollution; this is anticipated to hinder the growth of the horn market.
Key Market Driver -
Increasing demand for passenger cars is anticipated to drive the automotive horn market
Key Market Restraint -
High intensity horns is expected to hinder the growth of the automotive horn market
Some of the major companies that are present in the automotive horn market include Fiamm S.p.a, HELLA KGaA Hueck & CO., Maruko Keihoki Co.Ltd, Kleinn Automotive, Robert Bosch Gmbh, Wolo Manufacturing Corp, Sun Automobile Co.Ltd, Imasen Electric Industrial Co.Ltd, Mitsuba Corporation, and Uno Minda among the other players.
The global automotive horn is segmented into horn type, design type, vehicle type, and geography. By horn type, automotive horn market is segmented into air and electric horn. The electric horn segment is anticipated to dominate the market over the forecast period. Electric horns are mainly equipped in passenger and commercial vehicles are they are highly audible to others and can be customized as per the users’ requirement. Low cost and ease of installation of the electric horn are expected to maintain its dominance over the forecast period. By design type, the automotive horn is segmented into flat, spiral, and trumpet. The flat horn segment holds the largest market share and is expected to maintain its dominance over the forecast period. Flat horns are smaller in size and have a good life compared to spiral and trumpet type horn. By vehicle type, automotive horn market is segmented into passenger car and commercial vehicles. The passenger car segment holds the largest market share and is anticipated to dominate the automotive horn market, owing to rising sales of vehicles globally.
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Geographically, the automotive horn market is segmented into North America, Europe Asia Pacific, and the rest of the world. The Asia Pacific is expected to hold the largest share in the automotive horn market and is expected to maintain dominance during the forecast period owing to increasing production and sales of vehicles in this region. Europe is expected to hold the second-largest position in the automotive horn market. Growing demand for passenger cars and increasing stringent regulations for the safety of the vehicle and pedestrians are the factors responsible for driving the automotive horn market in this region. North America is expected to show good growth in the market amid rising adoption of horns, which causes less sound pollution.
By Horn Type
By Design Type
By Vehicle Type
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