Vehicle Retarder Market By Product Type (Electrical Retarders, Hydraulic Retarder), By Application (18 to 55 MT, 55 to 100 MT, More than 100 MT): Global Opportunity Analysis and Industry Forecast, 2024-2033
The global vehicle retarder market was valued at $2.7 billion in 2023, and is projected to reach $5.5 billion by 2033, growing at a CAGR of 7.4% from 2024 to 2033.
A vehicle retarder is an auxiliary braking system designed to slow down heavy-duty vehicles without using traditional friction brakes. It works by converting the vehicle's kinetic energy into heat, which is then dissipated, resulting in a smoother, wear-free deceleration process. Retarders are commonly used in trucks, buses, and other commercial vehicles to reduce wear on the primary braking system, improve safety on long descents, and enhance fuel efficiency. They can be hydraulic, electromagnetic, or mechanical, and are especially valuable in applications requiring frequent braking, such as in urban transportation or heavy cargo logistics.
The surge in investments in smart transportation systems presents a lucrative opportunity for the vehicle retarder market. As cities and governments increasingly invest in modernizing transportation infrastructure, integrating advanced technologies becomes a priority. Smart transportation systems aim to enhance safety, efficiency, and sustainability, creating a demand for sophisticated vehicle components like retarders. These systems often include advanced braking solutions that can integrate with other smart technologies, such as vehicle-to-infrastructure (V2I) communication and automated driving systems.
For instance, in February 2023, the National Health Service's (NHS) initiated USD 621.27 million transport infrastructure framework emphasizes sustainable transport, which could benefit from the inclusion of vehicle retarders to enhance safety in public transport systems. Retarders can reduce brake wear and improve control on buses or ambulances, contributing to more efficient and safer nationwide transport services.
Various companies are expanding their current services to meet the continuous rise in demand with increase in demand for vehicle retarder market. For instance, in September 2021, At the Caravan Salon in Düsseldorf, the world’s largest trade fair for mobile homes, Telma collaborated with Fahrzeugbau Meier and rebranded its retarder AF5 model. Telma's induction brakes were prominently featured at other stands, such as Morelo and Notin, with many manufacturers offering Telma systems as ex-factory options. Retrofitting these induction brakes with manufacturer approval was also possible, providing enhanced comfort and safety for both drivers and passengers. Telma expressed gratitude to all partners, visitors, and new contacts for their interest in the company’s products.
Furthermore, the market is also benefiting from an increase in partnerships between vehicle retarder providers. For instance, In August 2022, Jacobs Vehicle Systems, a U.S.-based company, acquired the Scania ADR New Truck Generation (NTG) P410 A6x2NA, setting a new standard for safety requirements in transporting hazardous goods in the North America region. The Scania P410A6X2NA NTG is equipped with advanced ADR safety features, including Scania’s Electronic Braking System (EBS) and Anti-Lock Braking System (ABS). It comes with a Scania retarder, enhancing safety during the transport of flammable liquid (FL) cargo.
The vehicle retarder market is segmented into product type, application, and region. On the basis of product type, the market is divided into electrical retarders, and hydraulic retarders. As per application, the market is segmented into 18 to 55 MT, 55 to 100 MT, and greater than 100 MT. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The vehicle retarder market analysis includes top companies operating in the market such as Cummins Inc., Frenelsa, INDUSTRIAS ZELU (Klam Retarder), Scania AB, Shaanxi Fast Auto Drive Group Company, SORL Auto Parts, Inc., TBK Co., Ltd., Telma S.A., Voith Group, and ZF Friedrichshafen AG. These players have adopted various strategies to increase their market penetration and strengthen their position in the vehicle retarder industry.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vehicle retarder market analysis from 2023 to 2033 to identify the prevailing vehicle retarder market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vehicle retarder market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vehicle retarder market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Product TypeElectrical Retarders
Hydraulic Retarder
By Application18 to 55 MT
55 to 100 MT
More than 100 MT
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East And Africa
Key Market PlayersCummins Inc.
Frenelsa
INDUSTRIAS ZELU
Scania
Shaanxi Fast Auto Drive Group Co., Ltd
SORL Auto Parts, Inc.
TBK Co., Ltd.
Telma S.A.S.
Voith GmbH & Co. KGaA
ZF Friedrichshafen AG