Rising sales and production of electric vehicles along with significant investments by government and private stakeholders in automotive sector is driving the global vehicle horn market.
Covid-19 Impact & Market Status
Taking into account the economic changes caused by the health crisis, Electromagnetic Horns, which account for percent of the global Vehicle Horn market in 2021, are projected to be worth USD million by 2029, growing at a revised percent CAGR in the post-COVID-19 period. While the Passenger Car segment has been changed to a percent CAGR for the duration of this forecast period.
The report provides a basic overview of the Vehicle Horn market share and competitors, segmentation, as well as a basic introduction to major players, major regions, product types, and end industries. The report provides an in-depth analysis of the Global vehicle horn Market. It provides critical insights and current dynamics of the Electric Horn market to senior management, marketers, and strategists. The report offers a comprehensive analysis of the international market, including regional development, emerging trends, and the competitive landscape.
Air Driven Segment Hold The Largest Market Share
The global vehicle horn market is divided into two types such as air driven horns, electronic and electromagnetic horns. Air driven segment hold the largest market share. Air horns air horn is a type of horn that produces a loud sound by compressing air. They are commonly found in automobiles, as well as trains and boats. Manual or electronic air horns are available. Manual air horns require the driver to press the horn pedal to produce sound, whereas electronic air horns emit a signal when the vehicle's alarm is activated.
Electronic horns: An electronic horn is a device that generates sound through the use of an electric current. It is typically used as a warning signal, such as to warn pedestrians and cyclists of an impending vehicle. They are frequently louder than traditional air horns, making them especially useful for alerting pedestrians and other road users. Electronic horns come in a variety of styles, including those that can be installed directly into the vehicle's horn button or those that plug into the cigarette lighter socket. Some models also include a built-in siren, which can be useful in an emergency.
Electromagnetic Horns: An electromagnetic horn is a type of horn that produces sound by using an electromagnet. It is commonly found in automobiles and boats. An electromagnetic horn produces a louder and more bass-heavy sound than other types of horns. Electromagnetic horns are classified into two types: diaphragm horns and reed horns. Electromagnetic horns are more expensive than other types of horns, but they produce better sound. They are also more durable and can withstand harsher weather. Electromagnetic horns are an excellent choice for vehicles that require a high-quality horn with a large number of basses.
Heavy-Duty Vehicles Offers Lucrative Growth Opportunities
The global vehicle horn market is divided into three categories based on application namely heavy-duty vehicles, small vehicles, and light vehicles. Heavy-duty Vehicles: The use of horns in heavy-duty vehicles is critical for two reasons. First, to alert other drivers to the presence of the vehicle, and second, to indicate the driver's intention. Heavy-duty vehicles frequently travel at high speeds and must be able to change lanes or turn quickly without alerting other motorists. The use of a horn can aid in the avoidance of an accident.
Small Vehicles: As drivers look for ways to improve safety and avoid accidents, the use of vehicle horns in small vehicles is becoming more popular. While air horns are the most commonly used type of horn in small vehicles, electronic and electromagnetic horns are also becoming popular. They can also contribute to increased safety by emitting a warning sound in the event of an emergency. Furthermore, vehicle horns can be used to signal for assistance or communicate with other drivers.
Light Vehicle: It is critical to use a vehicle horn in a light vehicle for safety reasons. It is used to alert other drivers of the vehicle's presence and to get their attention in order to avoid a collision. In some jurisdictions, the use of a horn is also required by law. In the United States, for example, some states require drivers to use their horns when approaching or passing pedestrians or cyclists. However, using a horn should be done in a safe and responsible manner so as not to endanger those around the vehicle.
APAC is Likely to Witness Substantial Market Progress
The key factors such as growing investment of government and private stakeholders in electric and conventional vehicles, growing demand for passenger cars due to increasing population, stringent road safety standards implemented by governments on vehicle manufacturers is are some key driving forces of APAC’s market revenue in global vehicle horn market.
The growing number of road accidents and increasing population has created a necessity of devices that give an early warning signal that may alert people on the road which improved the reliance on vehicle horn furthering the global vehicle horn market.
The Global Vehicle Horn Market is expected to grow at a CAGR of 3.1 percent, reaching a value of USD 900 million by 2029. Growing demand for electric vehicles and increased consumer awareness safety while driving is driving the global vehicle horn market.
Vehicle horn alerts drivers and people of threats or to prevent accidents. It is an acoustic signalling device that emits sound from a chamber filled with air. The term "horn" has come to refer to a variety of devices with varying sizes, shapes, and applications. The first horns were used as musical instruments in ancient Egypt. Vehicle horns are typically either electric or pneumatic. They are used to alert pedestrians and other drivers to the presence of a vehicle and to request that they yield.
The increasing demand for vehicles, growing awareness about safety and security, and the increasing adoption of advanced technologies in horns are some of the factors driving the growth of this market. Another major factor contributing to the growth of this market is the increasing stringency of horn regulations and standards. To improve vehicle safety, governments in various regions are increasingly mandating the use of horns in vehicles. This encourages Original Equipment Manufacturers (OEMs) to develop more advanced and innovative horns, thereby propelling the global vehicle horn market forward.
However, high intensity horns are likely to impede the global vehicle horn market expansion. Furthermore, increasing demand for passenger vehicles is hampering the global vehicle horn market.
The key players in global vehicle horn market are Fiamm, Minda, CLARTON HORN, Denso, BOSCH, Seger, Hella, IMASEN, Mitsuba, STEC, Feiben, LG Horn, MOCC, and Zhejiang Shengda among others.
Major Developments and Innovation in Global Vehicle Horn Market: A Snapshot
- The Vehicle Horn industry development trends, as well as the business sectors, are examined, including improvement models, competitive landscape research, and the evolution of the major Vehicle Horn market players. The Vehicle Horn market research report provides key research on the market status of manufacturers, including the most recent facts and figures, meaning, definition, swot analysis, expert opinion, and current developments worldwide.
Vehicle Horn Market Scope
|Revenue forecast in 2028
|USD 900 million
|CAGR of 3.1 % during 2021-2028
|Product Type, End User, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Fiamm, Minda, CLARTON HORN, Denso, BOSCH, Seger, Hella, IMASEN, Mitsuba, STEC, Feiben, LG Horn, MOCC, and Zhejiang Shengda among others.
Key Segments of the Global Vehicle Horn Market
Product Type Overview 2019-2029 (USD Million)
- Air Horn
- Electronic Horn
- Electromagnetic Horns
End User Overview 2019-2029 (USD Million)
- Heavy-Duty Vehicles
- Small Vehicles
- Light Vehicle
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa