Market Overview:
The global Loud Car Horns market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The Loud Car Horns market can be segmented on the basis of type into air horn, electronic horn, and electromagnetic horn. The air horn segment is expected to hold a major share in this market owing to its low cost and easy installation. However, with technological advancements, electronic horns are gaining popularity due their superior sound quality as compared to air horns. On the basis of application, the Loud Car Horns market can be divided into passenger car and commercial vehicle segments.
Product Definition:
Loud car horns are devices that produce a loud sound in order to signal the presence of a vehicle. They are often used as an emergency warning signal, and can be heard from a great distance.
Air Horn:
Air Horn is a musical instrument that produces a loud and clear tone by using compressed air as the medium for its operation. It is mainly used to create an attention getting device or as a signaling device. The basic design of an air horn consists of two parts, the reservoir which holds the compressed air and mouthpiece which is used to direct the compressed air towards its outlet.
Electronic Horn:
The electronic horn is a device that emits a loud and long-lasting tone to communicate with other road users. The electronic horns are designed to replace the conventional carhorn, which uses air pressure for signaling. Electronic Horns use electrical energy instead of air pressure for signaling and alerting other road users.
Electronic Horns are becoming increasingly popular among car manufacturers as an alternative to conventional carhorns as they help in reducing noise pollution.
Application Insights:
The passenger car application segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The use of loud horns is a common practice among drivers of high-performance vehicles to warn other road users about their approach, especially when they are driving at high speeds. This has resulted in a significant increase in demand for passenger cars with loud horns over the past few years, which will remain a key trend influencing industry growth over the forecast period.
The commercial vehicle application segment is expected to witness substantial growth during the forecast period owing to an increase in business activities and expansion projects by companies operating across various sectors, such as construction and infrastructure development, automotive component manufacturing and mining exploration activities worldwide.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing adoption of loud car horns by drivers as a safety feature and stringent regulations regarding use of such horns in countries, such as Germany and France. Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for passenger cars with superior performance characteristics at affordable prices coupled with growing awareness about vehicle safety systems, such as Electronic Stability Control (ESC) and Anti-lock Braking System (ABS). Moreover, increasing number of manufacturers focusing on developing cost-effective products for emerging markets are projected to drive regional growth during the forecast period. North America also accounted for a significant revenue share in 2017 owing to high demand from U.S.
Growth Factors:
- Increasing demand for automobiles
- Rising disposable income of consumers
- Technological advancements in horns
- Growing awareness about the benefits of loud car horns
- Government initiatives to promote the use of loud car horns
Scope Of The Report
Report Attributes
Report Details
Report Title
Loud Car Horns Market Research Report
By Type
Air Horn, Electronic Horn, Electromagnetic Horn
By Application
Passenger Car, Commercial Vehicle
By Companies
Hitachi, Minda, Clarton Horn, Denso, Bosch, Hella, Imasen, Moflash Signaling
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Loud Car Horns Market Report Segments:
The global Loud Car Horns market is segmented on the basis of:
Types
Air Horn, Electronic Horn, Electromagnetic 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
Passenger Car, Commercial Vehicle
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:
- Hitachi
- Minda
- Clarton Horn
- Denso
- Bosch
- Hella
- Imasen
- Moflash Signaling
Highlights of The Loud Car Horns 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
- Electronic Horn
- Electromagnetic Horn
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Loud Car Horns 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Loud car horns are a common way to indicate to other drivers that you want them to stop.
Some of the major players in the loud car horns market are Hitachi, Minda, Clarton Horn, Denso, Bosch, Hella, Imasen, Moflash Signaling.
The loud car horns 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 Loud Car Horns 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 Loud Car Horns Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Loud Car Horns 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 Loud Car Horns 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 Loud Car Horns Market Size & Forecast, 2020-2028 4.5.1 Loud Car Horns Market Size and Y-o-Y Growth 4.5.2 Loud Car Horns 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 Electronic Horn
5.2.3 Electromagnetic 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 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Loud Car Horns 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 Loud Car Horns 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 Electronic Horn
9.6.3 Electromagnetic 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 Passenger Car
9.10.2 Commercial Vehicle
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 Electronic Horn
10.6.3 Electromagnetic 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 Passenger Car
10.10.2 Commercial Vehicle
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 Electronic Horn
11.6.3 Electromagnetic 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 Passenger Car
11.10.2 Commercial Vehicle
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 Electronic Horn
12.6.3 Electromagnetic 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 Passenger Car
12.10.2 Commercial Vehicle
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 Electronic Horn
13.6.3 Electromagnetic 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 Passenger Car
13.10.2 Commercial Vehicle
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 Loud Car Horns Market: Competitive Dashboard
14.2 Global Loud Car Horns Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi
14.3.2 Minda
14.3.3 Clarton Horn
14.3.4 Denso
14.3.5 Bosch
14.3.6 Hella
14.3.7 Imasen
14.3.8 Moflash Signaling