Automotive Horn Systems Market to Witness Comprehensive Growth by 2026
The increasing new automotive sales are propelling the demand for the automotive horn system market. Although the life cycle of automotive horn is dependent on the kind of utilization, the estimated minimum life cycle of a horn system 2 to 4 years. Increasing replacement of automotive horn system therefore provides sustainable opportunity for the aftermarket of automotive horn systems. Manufacturers are upgrading designs for efficient functioning and are focusing of softer and relatively lower tones to comply with regional noise laws. With increasing preference for compact engine and better performance, there is an increasing demand for trumpet horns for light and heavy commercial vehicles. Owing to increasing heath concerns and targeted regulation aimed to reduce certain frequencies, there has been a restriction in production options and offerings for certain manufacturers in the automotive horn system market.
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On the basis of Product Type the automotive horn system market can be segmented as:
The automotive horn system on the basis of horn shape can be segmented as:
The automotive horn system market can also be segmented on the basis of vehicle type as:
Light Commercial Vehicle
Heavy Commercial Vehicle
The automotive horn system market can also be segmented on the basis of sales channel such as:
The automotive horn system market can also be segmented on the basis of region as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific ex. Japan, Middle East and Africa and Japan. The automotive horn systems market in the United States automotive horn systems market is expected to increase with escalating sales of hybrid and electric vehicles. The recuperating sales of light commercial vehicle segment is further expected enhance the revenue contribution of the automotive horn system market. The Western Europe market has a strong export market with Germany and Italy therefore are leading contributors to the automotive horn system market in the region. The APEJ automotive horn system market is spearheaded by key region of India and China. The regions represents maximum opportunities for automotive horn system market owing proliferating production of vehicle and sustainable aftermarket opportunities. The Latin America automotive horn system market is expected to witness relatively moderate growth till 2018 after which the market it expected to regain sustainable growth throughout the forecast period. The sales of passenger and light commercial vehicle in Mexico, Colombia and Argentina are expected to boost sales of the automotive horn system in the region. The automotive horn system market is expected to be propelled by swiftly changing automotive industry dynamics of South Africa, Egypt and Iran.
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The automotive horn system market regionally fragmented with numerous domestic player participating in the domestic supply dynamics of the automotive horn system market. However some of key participants identified in the report, among other key players of the automotive horn system market are FiammSpA, Uno Minda, HELLA KGaA Hueck & Co., Mitsuba Corporation, Maruko Keihoki Co. Ltd., Imasen Electric Industrial Co., Ltd., Kleinn Automotive, Sun Automobile Co.,Ltd, Robert Bosch GmBH, SORL Auto Parts, Inc. Wolo Manufacturing Corp.
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