Industry Background:
Retarders are utilized to additionally improve the braking execution on business vehicles. Like motor brakes, they are without wear ceaseless brakes. Retarders calm the administration brake and raised the dynamic security and cost-viability of business vehicles. Retarders are introduced in a business vehicle's drive train. They convert a portion of the vehicle's active vitality into heat. Subject to establishment area, a differentiation is made between essential retarders (rely upon motor speed and introduced among motor and transmission) and optional retarders (speed-subordinate and introduced among transmission and drive hub). After activity and structure, further differentiation is made between hydrodynamic retarders (hydrodynamic brakes) and electrodynamic retarders. Hydrodynamic auxiliary retarders are regularly utilized in present-day forward control trucks. The braking impact relies on vehicle speed.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Frenelsa (Spain), Voith (Germany), ZF Friedrichshafen (Germany), Scania (Sweden), Telma (France), Jacobs Engineering Group (United States), TBK (Japan), SORL (China), CAMA (Luoyang) Electromechanic Co Ltd. (China) and SORL Auto Parts, Inc. (China) |
This growth is primarily driven by Increasing Number of Commercial Vehicles across the Globe, Reduction in Overall Cost Along With Increasing the Life of Brake Lining and Rising Concern towards Safety.
Globally, a noticeable market trend is evident Technology Advancement in Manufacturing Process Major Vendors, such as Frenelsa (Spain), Voith (Germany), ZF Friedrichshafen (Germany), Scania (Sweden), Telma (France), Jacobs Engineering Group (United States), TBK (Japan), SORL (China), CAMA (Luoyang) Electromechanic Co Ltd. (China) and SORL Auto Parts, Inc. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global vehicle retarder market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Key Developments in the Market:
Voith successfully acquires all of Voith Hydro's interests from its former joint venture partner Siemens Energy
On 13 January 2022, ZF announced the successful start of its new “Commercial Vehicle Solutions” (CVS) division with effect from January 1, 2022. The new division combines ZF’s expertise in the commercial vehicle industry and will significantly advance solutions for safe, sustainable and digitized transport. The new division unites ZF’s former Commercial Vehicle Technology and Commercial Vehicle Control Systems divisions, the latter of which was formed from ZF’s May 2020 acquisition of WABCO.
Influencing Trend:
Technology Advancement in Manufacturing Process
Market Growth Drivers:
Increasing Number of Commercial Vehicles across the Globe, Reduction in Overall Cost Along With Increasing the Life of Brake Lining and Rising Concern towards Safety
Challenges:
High Energy Consumption and Overheating During Retardation
Restraints:
High Production Cost Associated With Vehicle Retarders
Opportunities:
Increase Opportunity in Asia Pacific Region, Because Of the Increasing Number of Vehicle Manufacturers – The major reason behind the growth in Asia pacific is with the growing working population and enhancement of middle-class consumers. India is showed as geographically closer to key automotive markets. And another big reason is the Asia Pacific is the largest provider of raw materials.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Vehicle Retarder Market
- Analysis about New Entrants in Vehicle Retarder Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Vehicle Retarder Study Sheds Light on
The Vehicle Retarder Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vehicle Retarder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Retarder industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.