Global Electric Motor Horn Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Flat Type, Spiral Type and Trumpet.

By End-Use;

Passenger Cars, Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV).

By Sound Pressure;

Up-to 110 dB, 110 dB to 118 dB and Greater than 118 dB.

By Sales Channel;

Original Equipment Manufacturers (OEM) and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn381592562 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Electric Motor Horn Market (USD Million), 2020 - 2030

In the year 2023, the Global Electric Motor Horn Market was valued at USD 3,179.59 million. The size of this market is expected to increase to USD 4,414.69 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global market for electric motor horns is witnessing a significant upsurge, primarily driven by the increasing emphasis on road safety awareness worldwide. As awareness among the populace grows, there is a notable uptick in the adoption of electric motor horns in automobiles, underpinning market expansion. Moreover, the continual expansion of the automotive sector, coupled with rising production volumes of new vehicles, stands as a key catalyst fueling market growth on a global scale.

Electric motor horns serve as pivotal components capable of converting electric energy into mechanical energy. Functioning on the principles of electromagnetism, these horns generate audible signals through mechanical energy. Widely utilized in various vehicles, including trucks, cars, buses, and motor vehicles, electric motor horns act as indispensable alerting devices. Their primary function revolves around enhancing safety on the roads by alerting pedestrians and other vehicles about the approach of automobiles, thereby mitigating the risks of collisions and accidents.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-Use
    3. Market Snapshot, By Sound Pressure
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Global Electric Motor Horn Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Electric Vehicles (EVs)
        2. Focus on Safety Regulations
        3. Growing Focus on Fuel Efficiency
      2. Restraints
        1. Cost Factor
        2. Consumer Awareness
        3. Limited Aftermarket Support
      3. Opportunities
        1. Focus on Multi-functionality
        2. Expansion into New Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Electric Motor Horn Market, By Type, 2020 - 2030 (USD Million)
      1. Flat Type
      2. Spiral Type
      3. Trumpet
    2. Global Electric Motor Horn Market, By End-Use, 2020 - 2030 (USD Million)
      1. Passenger Cars
      2. Light Commercial Vehicles (LCV)
      3. Heavy Commercial Vehicles (HCV)
    3. Global Electric Motor Horn Market, By Sound Pressure, 2020 - 2030 (USD Million)
      1. Up-to 110 dB
      2. 110 dB to 118 dB
      3. Greater than 118 dB
    4. Global Electric Motor Horn Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. Original Equipment Manufacturers (OEM)
      2. Aftermarket
    5. Global Electric Motor Horn Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch GmBH
      2. Mitsuba Corp
      3. UNO Minda Group
      4. Wolo Manufacturing Corp
      5. HELLA GmbH & Co. KGaA
  7. Analyst Views
  8. Future Outlook of the Market

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