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Electric Motor Horn Market Size, Share, and Analysis, By Product (Flat Type, Spiral Type, Trumpet), Sound Pressure/Volume (Up-to 110 dB, 110 dB to 118 dB, Greater than 118 dB), By Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket), By End Use Vehicle (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) and Regional Forecasts, 2022-2032
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Electric Motor Horn Market Size, Share, and Analysis, By Product (Flat Type, Spiral Type, Trumpet), Sound Pressure/Volume (Up-to 110 dB, 110 dB to 118 dB, Greater than 118 dB), By Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket), By End Use Vehicle (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW:
The Global Electric Motor Horn market size was USD 18 billion in 2021 and projected to grow from USD 19.8 billion in 2023 to USD 30.3 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period.
An electric motor horn is device used to produce sound. Electric motor is helpful in transforming electric energy into mechanical energy and is used in vehicles. It is utilized in automobiles, trains etc. It has a horn button, an electric motor, and a diaphragm. The electric motor helps in produces a loud sound when the button is pressed. The working of this horn is on the principle of electromagnetism where mechanical energy helps in creating noise and used as alerting device which are installed in automotive vehicles. They help in maintaining safety of the vehicle by warning others while they approach. Electric Motor Horn also assist in reducing distractions of driver due to the sound they produce and alert even pedestrians and the horn can also be customized.
MARKET HIGHLIGHTS
Global Electric Motor Horn Market is expected to project a CAGR of 4.9% during the forecast period, 2022-2032
The Global Electric Motor Horn Market is expected to reach USD 30.3 billion at a CAGR of 4.9% during forecast period owing to the increased use of electric motor horn in automotive vehicles which is a key component of the vehicle. The market is also expected to witness growth due to the increased road accidents and to increase road safety awareness. The initiatives taken by government to reduce road accidents for safety of the vehicles by implementing regulatory norms will propel market growth.
GLOBAL ELECTRIC MOTOR HORN MARKET SEGMENTATION:
Flat horn segment is expected to grow with high CAGR during the forecast period
The Global Electric Motor Horn Market is classified based on the product into flat, spiral, and trumpet. The flat horn segment holds the largest market share and is expected to dominate even during the forecast period. The size of the Flat horns is smaller and have a better life when compared to other horns like spiral & trumpet type. Several innovations are made for focusing on horns which are audible at a long distance.
Passenger car segment is expected to grow with high CAGR during the forecast period
MARKET DYNAMICS:
Growth Drivers
• Increasing Demand for Electric Vehicles is Expected to Boost the Market Growth
• Rising Advanced Technologies In Horns is Expected to Boost the Growth of the Market
Restraint
• Improper Wiring May Restrain the Market Growth
GLOBAL ELECTRIC MOTOR HORN MARKET KEY PLAYERS COVERED:
• FIAMM Technologies, L.L.C.
• Mitsuba Corp.
• Robert Bosch GmBH
• MARUKO KEIHOKI Co., LTD.
• Shanghai SIIC Transportation Electric Co., Ltd.
• Roots Industries India Limited
• HELLA GmbH & Co. KGaA
• UNO Minda Group
• Wolo Manufacturing Corp.
• SEGER Horns
• Denso Corporation
• Imasen Electric Industrial Co., Ltd.
• Other Prominent Players
REGIONAL ANALYSIS
Global Electric Motor Horn Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific dominated the market in 2021 and is also expected to dominate the forecast period by generating the highest market share owing to increasing production and sales of automobiles across developing countries in the region along with the increasing demand for HCVs is expected to aid growth of the market. The increasing awareness about impact of carbon emissions on environment is expected to create demand for electric vehicles.
GLOBAL ELECTRIC MOTOR HORN MARKET SEGMENTS:
• By Product
o Flat Type
o Spiral Type
o Trumpet
• By Sound Pressure/Volume
o Up-to 110 dB
o 110 dB to 118 dB
o Greater than 118 dB
• By Sales channel
o Original Equipment Manufacturers (OEM)
o Aftermarket
• By End Use Vehicle
o Passenger Cars
o Light Commercial Vehicles (LCV)
o Heavy Commercial Vehicles (HCV)
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Table of Content
1 Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Electric Motor Horn Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 Market Characteristics
3.1. Market Definition
3.2. Global Electric Motor Horn Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 Global Electric Motor Horn Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 Macroeconomic Indicators
6 Recent Developments
7 Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 Risk Analysis
9 Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 Global Electric Motor Horn Market
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 Global Electric Motor Horn Market Size & Forecast 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. Flat Type
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Spiral Type
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Trumpet
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Sound Pressure/Volume
11.3.2.1. Up-to 110 dB
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. 110 dB to 118 dB
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Greater than 118 dB
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Sales Channel
11.3.3.1. Original Equipment Manufacturers (OEM)
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. Aftermarket
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.4. By End Use Vehicle
11.3.4.1. Passenger Cars
11.3.4.1.1. By Value (USD Million) 2022-2032F
11.3.4.1.2. Market Share (%) 2022-2032F
11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.2. Light Commercial Vehicles (LCV),
11.3.4.2.1. By Value (USD Million) 2022-2032F
11.3.4.2.2. Market Share (%) 2022-2032F
11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.3. Heavy Commercial Vehicles (HCV)
11.3.4.3.1. By Value (USD Million) 2022-2032F
11.3.4.3.2. Market Share (%) 2022-2032F
11.3.4.3.3. Y-o-Y Growth (%) 2022-2032F
12 North America Electric Motor Horn Market Size & Forecast 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2. By Sound Pressure/Volume
12.3.3. By Sales Channel
12.3.4. By End Use Vehicle
12.4. Country
12.4.1. United States
12.4.2. Canada
13 Europe Electric Motor Horn Market Size & Forecast 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2. By Sound Pressure/Volume
13.3.3. By Sales Channel
13.3.4. By End Use Vehicle
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 Asia Electric Motor Horn Market Size & Forecast 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2. By Sound Pressure/Volume
14.3.3. By Sales Channel
14.3.4. By End Use Vehicle
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 Middle East and Africa Electric Motor Horn Market Size & Forecast 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2. By Sound Pressure/Volume
15.3.3. By Sales Channel
15.3.4. By End Use Vehicle
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 Latin America Electric Motor Horn Market Size & Forecast 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2. By Sound Pressure/Volume
16.3.3. By Sales Channel
16.3.4. By End Use Vehicle
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 Company Profiles
18.1. FIAMM Technologies, L.L.C
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Mitsuba Corp.
18.3. Robert Bosch GmBH
18.4. MARUKO KEIHOKI Co., LTD.
18.5. Shanghai SIIC Transportation Electric Co., Ltd.
18.6. Roots Industries India Limited
18.7. HELLA GmbH & Co. KGaA
18.8. UNO Minda Group
18.9. Wolo Manufacturing Corp.
18.10. SEGER Horns
18.11. Denso Corporation
18.12. Imasen Electric Industrial Co., Ltd
18.13. Other Prominent Players
19 Appendix
20 Consultant Recommendation
Tables and Figures
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KEY PLAYERS COVERED:
• FIAMM Technologies, L.L.C.
• Mitsuba Corp.
• Robert Bosch GmBH
• MARUKO KEIHOKI Co., LTD.
• Shanghai SIIC Transportation Electric Co., Ltd.
• Roots Industries India Limited
• HELLA GmbH & Co. KGaA
• UNO Minda Group
• Wolo Manufacturing Corp.
• SEGER Horns
• Denso Corporation
• Imasen Electric Industrial Co., Ltd.
• Other Prominent Player
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