Global Electric Motor Horn Market, By Product (Flat Type, Spiral Type, Trumpet), Sound Pressure/Volume (Up-to 110 dB, 110 dB to 118 dB, Greater than 118 dB), End Use Vehicle (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Electric Motor Horn Market
The electric motor horn market is expected to witness market growth at a rate of 4.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on electric motor horn market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The stringent government regulations associated with the safety concerns are escalating the growth of electric motor horn market.
Electric motor horn refers to a device which is utilized in vehicles to transform electric energy into mechanical energy. The working of this horn is based on the principle of electromagnetism where the mechanical energy assists in creating loud noise. These horns are basically alerting device which are installed in automotive vehicles such as cars, buses, trucks and motor vehicles among others. They work as safety device to warn others of the vehicle’s approach and pedestrians to avoid accidents or collisions. They help in reducing the chances of the driver getting distracted and also, they can be customized according to customer requirement.
The extensive usage of electric motor horn in automotive vehicles as it plays the role of an essential component of the vehicle and the growth in road safety awareness are the major factors driving the electric motor horn market. The rise in the production and sales of new automotive vehicles and the expansion of automotive sector accelerate the electric motor horn market growth. The increasing popularity of customized horns as one can acquire required or desired design, frequency and intensity of the sound and the rising demand of electric horn over other horns including air horns owning to their longer life span influence the electric motor horn market. The initiatives taken by government and manufacturers in order to decrease road accidents by enhancing the safety of the vehicle and implementation of stringent regulatory norms regarding the safety of vehicle and consumer also propel the electric motor horn market. Additionally, the rise in awareness regarding road safety and standards, large number of vehicles on roads, increase in road accidents, growing population and surging disposable income of people positively affect the electric motor horn market. Furthermore, favorable government regulations and new product launch extend profitable opportunities to the electric motor horn market players in the forecast period in the forecast period of 2021 to 2028.
On the other hand, the concerns regarding the shorter life cycle of some electric horns depending upon their uses are expected to obstruct the electric motor horn market growth. The issue with the sound pollution created by the horns is projected to challenge the electric motor horn market.
This electric motor horn market in report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric motor horn market in contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Motor Horn Market Scope and Market Size
The electric motor horn market is segmented on the basis of product, sound pressure/volume, end use vehicle and sales channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the electric motor horn market is segmented into flat type, spiral type and trumpet.
- On the basis of sound pressure/volume, the electric motor horn market is segmented into up-to 110 dB, 110 dB to 118 dB and greater than 118 dB.
- On the basis of end use vehicle, the electric motor horn market is segmented into passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV).
- On the basis of sales channel, the electric motor horn market is segmented into original equipment manufacturers (OEM) and aftermarket.
Global Electric Motor Horn Market Country Level Analysis
The electric motor horn market is analyzed and market size, volume information is provided by country, product, sound pressure/volume, end use vehicle and sales channel as referenced above.
The countries covered in the global electric motor horn market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the electric motor horn market due to the rise in production and sales of automotive vehicles and large population in the region. North America is expected to witness the highest growth during the forecast period of 2021 to 2028 because of the high demand for automotive vehicles with electric horns and surging automotive vehicle sales in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Motor Horn Market Share Analysis
The electric motor horn market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric motor horn market.
The major players covered in the electric motor horn market report are Robert Bosch GmbH, Mitsuba Corp., UNO Minda, Wolo, HELLA GmbH & Co. KGaA, Roots Group of Companies, DENSO CORPORATION, FIAMM Energy Technology S.p.A., MARUKO KEIHOKI Co., LTD., SEGER, Imasen Electric Industrial Co., Ltd., Shanghai SIIC Transportation, Clarton Horn, STEC USA, VARDHMAN ELECTRICALS, LG Horn, Palsonsautopal, MAHLE GmbH, Siren & Electricals O.M.E. Motori Elettrici s.r.l. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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