The global automotive horn market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2022-2028). The rising demand for new vehicles such as passenger vehicles and commercial vehicles coupled with demand for soft tone horns by consumers and government authorities is the key factor boosting the market growth.
Browse the full report description of “Global Automotive Horn Market Size, Share & Trends Analysis Report By Horn Type (Air Horn and Electric), by Design Type (Flat, Spiral, and Trumpet), by Vehicle Type (Passenger Cars and Commercial Vehicles) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/automotive-horn-market
Furthermore, the companies are doing strategic acquisitions, mergers, and launching new products to beat the competition and stay in the market and provide better products to their potential customers. For instance:
• In November 2021, HornBlasters, Inc. acquired CIRCOR International, Inc., along with it air whistle division. HornBlasters, Inc. now sells Circor Leslie Controls' horns for trains, including the Supertyfon RS line of locomotive horns.
• In March 2021, 1847 Holdings LLC acquired Wolo Manufacturing Corp. and Wolo Industrial Horn & Signal, Inc., one of the leading manufacturers and distributor of vehicle horn and warning lights.. Due to this acquisition, the former company will get the wolf’s strong business with a diversified, repeat customer base that includes national retailers and major wholesalers.
In May 2019, Minda Industries Limited’s flagship company UNO Minda Group has approved the mergers of four of its wholly-owned subsidiaries named Minda Rinder, Minda Distribution, Minda Auto Components and MJ Castings. Through this mergers, company create a stronger standalone entity to pursue the next leg of growth.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Horn Type
o By Design Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Hella KGaA Hueck & Co., Robert Bosch GmbH, Wolo Manufacturing Corp, and Imasen Electric Mfg. Co., Ltd., MITSUBA Corp, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Horn Market Report by Segment
By Horn Type
By Design Type
By Vehicle Type
Global Automotive Horn Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/automotive-horn-market