Vehicle retarder is a device, used to increase
or replace some of the functions of primary friction-based braking systems. It
is composed of stator and rotor parts, which produce magnetic field and
resistance torque through cutting magnetic lines using rotating of the rotor.
It is especially useful in controlling heavy and difficult to control vehicles.
By using retarder, it is possible to surge the life of brake lining 3 to 5
times, thus reducing overall costs of the braking system.
The key characteristics are reduces the
efforts of brakes, slows down wearing of braking system and helps in
controlling the vehicle effectively.
According to study, “World
Vehicle Retarder Market Research Report 2024(Covering USA, EU, China,
South East Asia, Japan and etc)” the key companies operating in the world
vehicle retarder market are Frenelsa, Scania AB, Voith GmbH & Co. KGaA,
Klam, Telma S.A., Russ Equipment Pty Ltd., Shaanxi Fast Auto Drive Co., Ltd,
Jacobs Vehicle Systems, Inc., Terca, TBK Co. Ltd., CAMA (Luoyang) Electromechanic
Co Ltd., Yaohua Corp., SORL Auto Parts, Inc., Frenos Electricos Unidos, S.A.,
Hongquan, ZF Friedrichshafen AG. The key companies are taking various
initiatives & product innovations to strengthen their presence in the
market.
Based on product type, vehicle retarder market
is segmented into hydraulic retarder, electric retarder and engine brake.
Hydraulic retarder segment uses viscous drag forces between static and dynamic
vanes in a fluid-filled chamber to achieve retardation while electric retarder
uses electromagnetic induction to offer a retardation force. Additionally,
engine brake segment is further sub-segmented into exhaust brake and
diesel-powered vehicles. Based on installation type, market is segmented into
inline installation and offline installation. Inline installation is an own oil
supply system, attached to the transmission and perfectly suitable for
retrofit. Based on vehicle type, market is segmented into heavy duty vehicles
and others. Based on sales channel, market is segmented into original equipment
manufacturers (OEMs) and aftermarket. In addition, based on gross vehicle
weight rating, market is segmented into 18-55 MT, 55-100 MT and >100 MT.
The vehicle retarder market is driven by rise
in demands from the automotive industry, followed by growth in trend of the
transportation industry, increase in emphasis on vehicle safety solutions,
growth in e-commerce sector, increase in technological advancements, rise in
governments & international organizations, increase in government
initiatives, overall cost reduction and increase in adoption of multistage
modulating transmission retarders. However, overheating during retardation and
high energy consumption may impact the market. Moreover, introduction of
self-charging type electromagnetic retarders is a key trend for market.
Based on geography, China and India countries
hold major share in vehicle retarder market owing to growth in automotive
sectors, rise in number of accidents and increase in population & rapid
urbanization in the countries. USA country is expected to witness higher growth
rate due to presence of large manufacturers and growth in innovative
technologies over the forecast period. It is estimated that future of the
market will be bright on account of rise in adoption of multistage modulating
transmission retarders during the forecast period. The worldwide market is
expected to grow at a CAGR of approximately 8.0% over the next five years, will
reach US $2290 million in 2024, from US $1450 million in 2019.
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