An automotive horn is an alerting device, which is installed in automotive vehicles. Automotive vehicles include cars, buses, trucks, motor vehicles, and other types of vehicle. The automotive horn in a vehicle is operated to warn others of the vehicle’s approach. Automotive horn serves the function of alerting pedestrian of the vehicle’s approach. It avoids and reduces the chances of the driver getting distracted, by producing a sound and alerting of the vehicle’s presence.
Implementation of stringent norms on automotive industries regarding safety concerns by global regulatory bodies such as the Federal Motor Vehicle Safety Standard are also anticipated to augment the automotive horn market. Increase in new automotive vehicle sales is expected to propel the automotive horn market during the forecast period. Automotive horn can be customized in design, also the frequency and intensity of the sound in automotive horn can be changed which create variety to automobile industry. Automotive horns have short life cycle and depends directly on usage. It create sound pollution which is considered to be a restrain to the automotive horn market during the forecast period.
The automotive horn market can be segmented based on product type, vehicle type, horn shape, and region. Based on product type, the automotive horn market can be segmented into air horn and electric horn. The electric horn segment holds a prominent share of the market, as compared to the air horn segment. Electric horns are easy to install and can be customized. The life expectancy of an electric horn is higher as compared to an air horn. Most passenger vehicles and light commercial vehicles are installed with electric horns.
Based on vehicle type, the automotive horn market can be classified into passenger vehicles and commercial vehicles. Passenger vehicles include motor bikes, hatchbacks, sedans, multi- purpose vehicles (MUVs), and sports utility vehicles (SUVs). Commercial vehicles include lightweight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
In terms of horn shape, the automotive horn market can be segregated into flat, spiral, and trumpet. The flat shape horn segment accounts for a major share of the global automotive horn market. Flat shape horns are smaller in size and are widely installed in motor vehicles. In terms of market share, the flat shape horn segment is followed by trumpet shape and spiral shape segments.
Based on geography, the automotive horn market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the World (ROW). Asia Pacific accounts for a major share of the global automotive horn market due to the booming automotive sector leading to an increased production of vehicles with automotive horns, especially in China, India, Japan, and South Korea. The automotive horn market in North America is expected to expand due to the increase in sales of vehicles which uses electric horn. The automotive horn market in Europe, especially in Germany, Italy, France, and the U.K., is expected to expand due to its rising production and recovering sales of vehicles in the region.
Key players operating in the global automotive horn market are Robert Bosch GmBH, Mitsuba Corp., MARUKO KEIHOKI Co., LTD., UNO Minda, Wolo, and HELLA GmbH & Co. KGaA., Roots Group of Companies, Denso Corporation.
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