Qyresearch: global automobile electric horn market will reach 266 million usd in 2022

QYResearch: Global Automobile Electric Horn Market Will Reach 266 Million USD in 2022 QYResearch focus on Market Survey and Research

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Author: Zhang Chunjiao

Company: QYResearch Center

QYResearch Recently, QYResearch published a report on automobile electric horn. Automobile horn is a device used to alert other vehicles and passersby. When a horn button is pressed, an electromagnet energized intermittently will cause the steel diaphragm to oscillate back and forth producing the sound of the car horn. Automobile horns have become a part of everyday life and one can hardly find an automobile without a horn.

In the last several years, global market of electric automobile horn developed smoothly, with an average growth rate of 2.2%. In 2016, global revenue of electric automobile horn is nearly 659 M USD; the actual consumption is about 215 million units.

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QYResearch The classification of electric automobile horn includes flat shape and snail shape, and the proportion of snail shape in 2016 is about 75%, and the proportion is in increasing trend from 2012 to 2016.

Electric automobile horn is widely used in passenger vehicle, light commercial vehicle and other kind of vehicle. The most proportion of electric automobile horn is used in passenger vehicle, and consumption proportion is about 75% in 2016.

China is the largest consumption place, with a consumption market share nearly 29% in 2016. Following China, Europe is the second largest consumption place with the consumption market share of 22%.

Market competition is intense. Fiamm, Minda, Denso, Bosch, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. qyresearchglobal.com

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