DUBLIN--(BUSINESS WIRE)--The "Global Automotive Horns and Fanfares Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global automotive horns and fanfares market is expected to grow at a CAGR of 4.1% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the introduction of Silent Horn Systems. Sound levels greater than 120 decibels (dB) can cause hypertension and insomnia diseases. This problem can be solved by using simple infrared light emitting diodes (IR LEDs) and receivers.

According to the report, one of the major drivers for this market is the rise in global automotive sales. The sales of automotive horns and fanfares are closely related to the growth of the passenger and the commercial vehicles market, as these vehicles are equipped with either horns or fanfares. The passenger vehicle segment is the largest contributor to the global automotive horns and fanfares market. The global passenger car sales increased by 3.97% in 2016, with SUVs and crossovers accounting for maximum sales, especially in the Chinese and US markets. In 2016, The European passenger car market recorded an increase of around 6%. Similarly, in the US, the sales of passenger vehicles increased by 4%, in 2016.

Further, the report states that one of the major factors hindering the growth of this market is the gradual increase in annual wages, leading to a decline in profit margins. In the automotive industry, OEMs have been taking up the liability for most of the price pressure and the warranty costs from the demand side in the past. However, the situation has changed in the last five years, with OEMs now transferring liabilities to tier-1 suppliers and, in turn, to component manufacturers. This has resulted in cost optimization in the industry.

Key Vendors

  • Fiamm Componenti Accessori
  • Hella
  • Mitsuba
  • Robert Bosch
  • UNO Minda

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Introduction

5. Market Landscape

6. Market Sizing

7. Five Forces Analysis

8. Market Segmentation by Vehicle Type

9. Customer Landscape

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/hqdtrn/global_automotive?w=4

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Related Topics: Telematics and Vehicle Electronics