Rise in Demand from Automotive Sectors Expected to Drive World Vehicle Retarder Market over the Forecast Period: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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. For more information, click on the link below: Global Vehicle Retarder Market Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91 9015378249 Post Views: 4 Tags: China Vehicle Retarder Market, Electric Retarders Market, Europe Vehicle Retarder Market, Frenelsa Vehicle Retarder Market Share, Global Vehicle Retarder Industry, Global Vehicle Retarder Industry Research Report, Global Vehicle Retarder Market, Global Vehicle Retarder Market Analysis, Global Vehicle Retarder Market Forecast, Global Vehicle Retarder Market Growth, Global Vehicle Retarder Market Insights, Global Vehicle Retarder Market Research Report, Global Vehicle Retarder Market Revenue, Global Vehicle Retarder Market Share, Global Vehicle Retarder Market Trends, Hydraulic Retarder Market, India Vehicle Retarder Market, Japan Vehicle Retarder Market, Scania Vehicle Retarder Market Share, Telma Vehicle Retarder Market Revenue, USA Vehicle Retarder Market, Voith Vehicle Retarder Market Revenue, World Vehicle Retarder Market, World Vehicle Retarder Market Competition Landscape, World Vehicle Retarder Market Research Report