Market Overview:
The global automotive horn systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automobiles, globally. Additionally, the increasing awareness about road safety and stringent government regulations are also propelling the growth of this market. The global automotive horn systems market is segmented on the basis of type, application and region. On the basis of type, it is divided into air horns and electric horns. Air horns are further classified into two types: diaphragm-type and trumpet-type air horns. Electric horns are further classified into two types: siren-type electric horns and tone-only electric horns.
Product Definition:
An automotive horn system is a device used to produce sound for the purpose of warning other drivers of the presence of a vehicular traffic hazard. The purpose of an automotive horn system is to provide audible warning to other drivers in order to prevent or mitigate accidents.
Air Horn:
Air Horn is a musical instrument that produces a loud and clear sound by compressed air. It is mainly used in automotive applications to signal for help or warning. The product has various types of uses such as alerting drivers when another vehicle cuts in front of you, giving an audible warning while driving at low speeds, etc.
Electric Horn:
The electric horn is a musical instrument that produces a loud and long-lasting tone. It is primarily used as an alert or warning signal. The sound produced by the instrument varies according to the position of controls on its body; it can be modified to produce different notes and frequencies.
Application Insights:
The pre-installed application segment dominated the global automotive horn systems market in 2017. This can be attributed to the rising number of vehicles equipped with air horns that were factory installed. The aftermarket segment is expected to witness significant growth over the forecast period owing to a rise in demand for replacement automotive horns.
Air Horn was the most popular type of pre-installed horn system and accounted for more than 40% of total share in 2017. Air Horns are considered as an essential safety equipment as they provide audible warning at a safe distance from vehicle drivers, thereby increasing road safety features among other vehicles on roads, according to research studies published by NCBI and IIHS (Insurance Institute for Highway Safety). Pre-installed applications also offer various advantages including ease of installation, compact size and noise reduction which makes them highly preferred among several vehicle manufacturers globally over OEM (original equipment manufacturer) products or aftermarket parts manufactured by other companies.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a revenue share of more than 35% in 2017 and is anticipated to continue its dominance over the next seven years. This growth can be attributed to increasing sales of premium cars in China, India, and Japan. Moreover, rising disposable income coupled with stringent government regulations regarding vehicle safety standards are expected to drive demand for automotive horns across this region during the forecast period.
Europe was valued at USD X million in 2017 owing to high demand from countries such as Germany and Russia that account for majority pre-installed horn systems sales across this region during the same year. However, North America is projectededto witness significant growth rate due to growing adoption of aftermarket installed horn systems on vehicles registered prior 2016 model year which accounts for highest replacement cycle since most manufacturers have stopped offering factory-installed options on these older models (except Uconnect system).
Growth Factors:
- Increasing demand for vehicles: The global automotive industry is expected to grow at a CAGR of 4.5% from 2016 to 2020, owing to the increasing demand for passenger cars and commercial vehicles. This will result in an increase in the demand for automotive horn systems, as they are an essential safety feature in all types of vehicles.
- Stringent safety regulations: Governments across the world are implementing stringent safety regulations for automobiles, which is driving the demand for advanced automotive horn systems. For instance, the European Union has introduced new legislation called “Regulation (EU) No 661/2009” that requires all new passenger cars and light commercial vehicles to be equipped with a two-stage warning system comprising both a primary and secondary horn.
- Growing awareness about road safety: There is growing awareness among consumers about the importance of road safety, which is driving them to opt for advanced automotive horn systems that provide better sound quality and coverage than traditional horns. This trend is particularly prominent in developed countries such as Europe and North America where there is high consumer awareness about vehicle safety features.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Horn Systems Market Research Report
By Type
Air Horn, Electric Horn
By Application
Pre-installed, Automotive Aftermarket
By Companies
Uno Minda, Robert Bosch, HELLA, Fiamm, Mitsuba Corporation, Maruko Keihoki, Imasen Electric Industrial, Kleinn Automotive, Sun Automobile, SORL Auto Parts, Uno Minda, Clarton Horn, Denso, Seger, Stec, Mocc, Zhejiang Shengda, Zhongzhou Electircal, Chenzhong, JieJia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Horn Systems Market Report Segments:
The global Automotive Horn Systems market is segmented on the basis of:
Types
Air Horn, Electric Horn
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pre-installed, Automotive Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Uno Minda
- Robert Bosch
- HELLA
- Fiamm
- Mitsuba Corporation
- Maruko Keihoki
- Imasen Electric Industrial
- Kleinn Automotive
- Sun Automobile
- SORL Auto Parts
- Uno Minda
- Clarton Horn
- Denso
- Seger
- Stec
- Mocc
- Zhejiang Shengda
- Zhongzhou Electircal
- Chenzhong
- JieJia
Highlights of The Automotive Horn Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air Horn
- Electric Horn
- By Application:
- Pre-installed
- Automotive Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Horn Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive horn systems are devices that produce a loud noise to warn drivers of potential danger. Horns can be used in cars, trucks, buses, and other vehicles.
Some of the major players in the automotive horn systems market are Uno Minda, Robert Bosch, HELLA, Fiamm, Mitsuba Corporation, Maruko Keihoki, Imasen Electric Industrial, Kleinn Automotive, Sun Automobile, SORL Auto Parts, Uno Minda, Clarton Horn, Denso, Seger, Stec, Mocc, Zhejiang Shengda, Zhongzhou Electircal, Chenzhong, JieJia.
The automotive horn systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Horn Systems Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Horn Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Horn Systems Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Horn Systems Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Horn Systems Market Size & Forecast, 2020-2028 4.5.1 Automotive Horn Systems Market Size and Y-o-Y Growth 4.5.2 Automotive Horn Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Air Horn
5.2.2 Electric Horn
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pre-installed
6.2.2 Automotive Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Horn Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Horn Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Air Horn
9.6.2 Electric Horn
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pre-installed
9.10.2 Automotive Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Air Horn
10.6.2 Electric Horn
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pre-installed
10.10.2 Automotive Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Air Horn
11.6.2 Electric Horn
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pre-installed
11.10.2 Automotive Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Air Horn
12.6.2 Electric Horn
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pre-installed
12.10.2 Automotive Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Air Horn
13.6.2 Electric Horn
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pre-installed
13.10.2 Automotive Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Horn Systems Market: Competitive Dashboard
14.2 Global Automotive Horn Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Uno Minda
14.3.2 Robert Bosch
14.3.3 HELLA
14.3.4 Fiamm
14.3.5 Mitsuba Corporation
14.3.6 Maruko Keihoki
14.3.7 Imasen Electric Industrial
14.3.8 Kleinn Automotive
14.3.9 Sun Automobile
14.3.10 SORL Auto Parts
14.3.11 Uno Minda
14.3.12 Clarton Horn
14.3.13 Denso
14.3.14 Seger
14.3.15 Stec
14.3.16 Mocc
14.3.17 Zhejiang Shengda
14.3.18 Zhongzhou Electircal
14.3.19 Chenzhong
14.3.20 JieJia