Global Commercial Vehicle Retarder Market 2024-2028
The commercial vehicle retarder market is forecasted to grow by USD 356.82 mn during 2023-2028, accelerating at a CAGR of 4.4% during the forecast period. The report on the commercial vehicle retarder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the reduction in the overall cost of installing commercial vehicle retarders, increasing use of advanced safety solutions in vehicles, and growing demand for fuel-efficient commercial vehicles.
Technavio's commercial vehicle retarder market is segmented as below:
By Product
Electromagnetic retarders
Hydraulic retarders
By Type
Buses
Trucks
By Geography
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the growing introduction of self-charging electromagnetic retarders as one of the prime reasons driving the commercial vehicle retarder market growth during the next few years. Also, the increasing adoption of multistage modulating transmission retarders and the rising introduction of permanent magnet-type retarders will lead to sizable demand in the market.
The report on the commercial vehicle retarder market covers the following areas:
Commercial vehicle retarder market sizing
Commercial vehicle retarder market forecast
Commercial vehicle retarder market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial vehicle retarder market vendors including Brakes India Pvt. Ltd., CAMA Luoyang Electromechanic CO. LTD, Cummins Inc., Eaton Corp. Plc, Frenos Electricos Unidos SA, INDUSTRIAS ZELU SL, KRISHNA CHEMICALS, Nippon Steel Corp., Regal Rexnord Corp., Scania AB, Shandong Heavy Industry Group Co. Ltd., SORL Auto Parts Inc., TBK Co. Ltd., Telma SAS, Voith GmbH and Co. KGaA, and ZF Friedrichshafen AG. Also, the commercial vehicle retarder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.