Global Vehicle Horn Market Growth 2023-2029

Global Vehicle Horn Market Growth 2023-2029

Product Code:463341

Published Date: Feb 08,2023

Pages: 105

Region: Global

Category: Automobile & Transportation

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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.

LPI (LP Information)' newest research report, the “Vehicle Horn Industry Forecast” looks at past sales and reviews total world Vehicle Horn sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle Horn sales for 2023 through 2029. With Vehicle Horn sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Horn industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Horn landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle Horn portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vehicle Horn market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Horn and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Horn.

The global Vehicle Horn market size is projected to grow from US$ 647.6 million in 2022 to US$ 819.7 million in 2029; it is expected to grow at a CAGR of 819.7 from 2023 to 2029.

Global Vehicle Horn key players include FIAMM, Uno Minda, Hamanakodenso, Seger, etc. Global top four manufacturers hold a share over 40%.

Asia Pacific is the largest market, with a share about 55%, followed by Europe, and North America, both have a share about 40 percent. 
In terms of product, Electromagnetic Horns is the largest segment, with a share over 65%. And in terms of application, the largest application is Passenger Car, followed by Commercial Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Horn market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Electromagnetic Horns
    Electronic Horn
    Air Horn

Segmentation by application
    Passenger Car
    Commercial Vehicle

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    FIAMM
    Uno Minda
    Hamanakodenso
    Hella
    Seger
    INFAC
    SETC
    Mitsuba
    Nikko Corporation
    Maruko Keihoki
    Imasen Electric Industrial
    Miyamoto Electric Horn

Key Questions Addressed in this Report
What is the 10-year outlook for the global Vehicle Horn market?
What factors are driving Vehicle Horn market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vehicle Horn market opportunities vary by end market size?
How does Vehicle Horn break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?