The global automotive horn market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. 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.
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.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Horn Type
- By Design Type
- By Vehicle Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- 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.
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- FIAMM Energy Technology S.p.A.
- INFAC CORP
- Kleinn Air Horns
- MIYAMOTO ELECTRIC HORN CO., LTD.
- SORL Auto Parts, Inc.
- Sun AutomobileCo. Ltd.
- UNO Minda
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