Electric Vehicle Sound Generators Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Electric Vehicle Sound Generators market size is estimated at USD 84.7 million in 2020, expanding at a CAGR 20.4% from 2021-2027 to reach 284.7 Million USD in 2027.
Market Dynamics
According to market estimates, the global electric vehicle sound generator market will grow at a CAGR of XX between 2021 and 2027. The most obvious advantage of creating sounds for electric vehicles is safety. The government of the United States has asked automakers to comply with new regulations requiring external EV sound signatures by 2020, and similar regulations exist in Europe and Japan. As a result, the global market for electric vehicle sound generators for OEM appears to be promising, with North America and Japan leading the way. Furthermore, battery costs and EV prices are falling. If current trends continue, electric vehicles will be cost-competitive with gasoline vehicles over their lifetime, implying that the electric vehicle sound generator market has significant growth potential.
Regional Insights
North America, Europe, Asia Pacific, the Middle East, Africa, Latin America, and Japan are some of the regions that contribute to the overall revenue in the EV sound generators market. Asia Pacific has seen the greatest increase in revenue potential for OEM of any regional market in recent years. This is due to the rapid commercialization of electric vehicles, particularly in India and China. Furthermore, significant government support for the adoption of EVs in the transportation industry has fuelled the demand for sound generator mechanisms for passenger vehicles in recent years.
Segment Insights
The Electric Vehicle Sound Generators market is fragmented into vehicle type and sales channel segments. Based on the vehicle type, the passenger cars segment is anticipated to dominate the market. Based on the sales channel, the OEMs segment is expected to witness the highest CAGR.
Competitive Insights
The Electric Vehicle Sound Generators market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in October 2020, BorgWarner Inc. completed the acquisition of Delphi Technologies and is expected to strengthen BorgWarner’s electronics and power electronics products, capabilities, and scale, creating a leader in electrified propulsion systems.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Electric Vehicle Sound Generators by vehicle type, sales channel, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- Delphi Technologies
- Denso Corporation
- Continental AG
- HARMAN International
- Nissan Motor Company Ltd.
- Denso Corporation
- Daimler AG
- Volkswagen AG
- KUFATEC GmbH & Co. KG
- Tesla Inc.
- Sound Racer
- BMW AG
- Honda Motor Co., Ltd.
- Mando-Hella Electronics Corp.
- Kendrion N.V.
Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Passenger Vehicles
- LCVs (Light Commercial Vehicles)
- HCVs (Heavy Commercial Vehicles)
- Others
Sales Channel Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- OEMs
- Clinics & Beauty Centers
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Electric Vehicle Sound Generators Market Overview
1.1. Product Overview and Scope of Electric Vehicle Sound Generators
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Electric Vehicle Sound Generators Market Size Growth Rate Analysis by Vehicle Type, 2020 VS 2027
1.3.1. Passenger Vehicles
1.3.2. LCVs (Light Commercial Vehicles)
1.3.3. HCVs (Heavy Commercial Vehicles)
1.3.4. Others
1.4. Global Electric Vehicle Sound Generators Comparison by Sales Channel: 2020 VS 2027
1.4.1. OEMs
1.4.2. Aftermarket
1.5. Global Electric Vehicle Sound Generators Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Electric Vehicle Sound Generators Estimates
1.5.2. Europe Electric Vehicle Sound Generators Estimates
1.5.3. Asia Pacific Electric Vehicle Sound Generators Estimates
1.5.4. South America Electric Vehicle Sound Generators Estimates
1.5.5. Middle East & Africa Electric Vehicle Sound Generators Estimates
2. Market Competition by Manufacturers
2.1. Global Electric Vehicle Sound Generators Revenue Market Share by Manufacturers (2020)
2.2. Electric Vehicle Sound Generators Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Electric Vehicle Sound Generators Average Price by Manufacturers (2020-2027)
2.4. Manufacturers Electric Vehicle Sound Generators Production Sites, Area Served, Product Types
2.5. Electric Vehicle Sound Generators Market Competitive Situation and Trends
2.5.1. Electric Vehicle Sound Generators Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Electric Vehicle Sound Generators Consumption by Region (2020-2027)
3.1. Global Electric Vehicle Sound Generators Consumption by Region
3.2. Global Electric Vehicle Sound Generators Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Electric Vehicle Sound Generators Consumption Growth Rate (2020-2027)
3.2.3. North America Electric Vehicle Sound Generators Consumption, Price and Gross Margin (2020-2027)
3.2.4. North America Electric Vehicle Sound Generators Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Electric Vehicle Sound Generators Consumption Growth Rate (2020-2027)
3.2.7. Europe Electric Vehicle Sound Generators Consumption, Price and Gross Margin (2020-2027)
3.2.8. Europe Electric Vehicle Sound Generators Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Electric Vehicle Sound Generators Consumption Growth Rate (2020-2027)
3.2.11. Asia Pacific Electric Vehicle Sound Generators Consumption, Price and Gross Margin (2020-2027)
3.2.12. Asia Pacific Electric Vehicle Sound Generators Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Electric Vehicle Sound Generators Consumption Growth Rate (2020-2027)
3.2.15. South America Electric Vehicle Sound Generators Consumption, Price and Gross Margin (2020-2027)
3.2.16. South America Electric Vehicle Sound Generators Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Electric Vehicle Sound Generators Consumption Growth Rate (2020-2027)
3.2.19. Middle East and Africa Electric Vehicle Sound Generators Consumption, Price and Gross Margin (2020-2027)
3.2.20. Middle East and Africa Electric Vehicle Sound Generators Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Electric Vehicle Sound Generators Consumption by Vehicle Type (2020-2027)
4.1. Global Electric Vehicle Sound Generators Price by Vehicle Type (2020-2027)
4.2. Global Electric Vehicle Sound Generators Revenue Market Share by Vehicle Type (2020-2027)
4.2.1. Passenger Vehicles
4.2.2. LCVs (Light Commercial Vehicles)
4.2.3. HCVs (Heavy Commercial Vehicles)
4.2.4. Others
5. Global Electric Vehicle Sound Generators by Sales Channel (2020-2027)
5.1. Global Electric Vehicle Sound Generators Price by Sales Channel (2020-2027)
5.2. Global Electric Vehicle Sound Generators Revenue Market Share by Sales Channel (2020-2027)
5.2.1. OEMs
5.2.2. Aftermarket
6. Key Companies Profiled
6.1. Delphi Technologies
6.1.1. Delphi Technologies Electric Vehicle Sound Generators Corporation Information
6.1.2. Delphi Technologies Electric Vehicle Sound Generators Product Portfolio
6.1.3. Delphi Technologies Electric Vehicle Sound Generators Consumption, Price and Gross Margin (2020-2027)
6.1.4. Delphi Technologies Main Business and Markets Served
6.1.5. Delphi Technologies Recent Developments/Updates
6.2. Denso Corporation
6.3. Continental AG
6.4. HARMAN International
6.5. Nissan Motor Company Ltd.
6.6. Denso Corporation
6.7. Daimler AG
6.8. Volkswagen AG
6.9. KUFATEC GmbH & Co. KG
6.10. Tesla Inc.
6.11. Sound Racer
6.12. BMW AG
6.13. Honda Motor Co., Ltd.
6.14. Mando-Hella Electronics Corp.
6.15. Kendrion N.V.
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Electric Vehicle Sound Generators Distributors List
7.3. Electric Vehicle Sound Generators Customers
8. Market Dynamics
8.1. Electric Vehicle Sound Generators Industry Trends
8.2. Electric Vehicle Sound Generators Growth Drivers
8.3. Electric Vehicle Sound Generators Market Challenges
8.4. Electric Vehicle Sound Generators Market Restraints
9. Global Electric Vehicle Sound Generators Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Microdermabrasion Device, by Regions and Country
9.1.1. North America Forecasted Consumption of Electric Vehicle Sound Generators by Country
9.1.2. Europe Market Forecasted Consumption of Electric Vehicle Sound Generators by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Electric Vehicle Sound Generators by Region
9.1.4. Latin America Forecasted Consumption of Electric Vehicle Sound Generators by Country
9.1.5. Middle East and Africa Forecasted Consumption of Electric Vehicle Sound Generators by Country
10. Global Electric Vehicle Sound Generators Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Electric Vehicle Sound Generators by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Electric Vehicle Sound Generators by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Type
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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