What is Global Vehicle Retarder Market?
The Global Vehicle Retarder Market is a comprehensive study of the various aspects of the vehicle retarder industry on a global scale. A vehicle retarder is a device usually used in heavy vehicles to augment or replace some of the functions of primary friction-based braking systems. The main purpose of a vehicle retarder is to slow down or maintain a steady speed while traveling downhill, reducing the need for continuous use of the brakes and preventing brake failure due to overheating. The global market for these devices is vast and varied, with numerous manufacturers and suppliers contributing to its growth and development.
Electric Retarders, Hydraulic Retarder in the Global Vehicle Retarder Market:
Electric Retarders and Hydraulic Retarders are two of the most common types of vehicle retarders used in the Global Vehicle Retarder Market. Electric Retarders work by creating a magnetic field that generates a braking force, while Hydraulic Retarders use the resistance created by the flow of a fluid to produce a braking effect. Both types have their own advantages and disadvantages, and the choice between them often depends on the specific requirements of the vehicle and its intended use. For instance, Electric Retarders are generally more efficient and easier to control, but they can be more expensive and require more maintenance than Hydraulic Retarders. On the other hand, Hydraulic Retarders are typically more robust and reliable, but they can be less efficient and harder to control than Electric Retarders.
18-55 MT, 55-100 MT, Above 100 MT in the Global Vehicle Retarder Market:
The Global Vehicle Retarder Market is used in various areas based on the weight of the vehicle. For vehicles weighing between 18-55 MT, vehicle retarders are primarily used to enhance safety by providing additional braking power and reducing the risk of brake failure. For vehicles weighing between 55-100 MT, vehicle retarders are not only used for safety purposes but also to improve fuel efficiency by reducing the need for continuous use of the brakes. For vehicles weighing above 100 MT, vehicle retarders are essential for maintaining control and stability, especially when traveling downhill or carrying heavy loads. In all these areas, the use of vehicle retarders can significantly improve the performance and safety of the vehicle, making them an indispensable part of the global vehicle industry.
Global Vehicle Retarder Market Outlook:
The global Vehicle Retarder market, as per the recent market outlook, was valued at US$ 1968.7 million in 2022. It is projected to reach a value of US$ 3034.6 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period from 2023 to 2029. This growth is driven by a variety of factors, including the increasing demand for heavy vehicles, advancements in vehicle retarder technology, and the growing awareness about vehicle safety. The market is dominated by 13 leading suppliers, including Frenelsa, Voith, ZF, Scania, Telma, Jacobs, Klam, TBK, Shaanxi Fast, SORL, Terca, Hongquan, and CAMA, which collectively occupy about 73% of the market. These companies have a significant influence on the market dynamics, contributing to its growth and development through their innovative products and strategies.
| Report Metric | Details |
| Report Name | Vehicle Retarder Market |
| Accounted market size in 2022 | US$ 1968.7 million |
| Forecasted market size in 2029 | US$ 3034.6 million |
| CAGR | 6.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Frenelsa, Voith, ZF, Scania, Telma, Jacobs, Klam, TBK, Shaanxi Fast, SORL, Terca, Hongquan, CAMA |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
