Market Overview:
The global automotive retarders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and passenger cars across the globe. In terms of type, the eddy current retarder segment is expected to lead the global automotive retarders market during the forecast period, owing to its high efficiency and low maintenance cost as compared to other types of retarders.
Product Definition:
An automotive retarder is a device that helps reduce the speed of a vehicle, especially when it is going down a hill. It does this by using the vehicles brakes to create resistance, which in turn slows the car down. This can be helpful for drivers who are not used to driving in mountainous or hilly areas, as it can help them maintain control of their car while going down steep slopes.
Eddy Current Retarder:
Eddy current retarder is a type of fluid used in the automotive industry to reduce the speed of vehicles. The product works by creating resistance to forward motion, which causes engine acceleration problems. It is usually added into motor oils at a concentration of 0.1% to 2%.
Hydraulic Retarder:
A hydraulic retarder is a device that controls or delays the movement of an automobile. It is used to reduce the forward motion of vehicles by increasing the pressure in front of brake caliper. The main function performed by retarders is to allow time for brakes to act on vehicle, which reduces its speed. Hydraulic retarders are available in two forms: fluid-based and solid-based.
Application Insights:
Truck application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The growing demand for heavy-duty vehicles, such as trucks, in developing countries of Asia Pacific and Latin America is expected to drive the segment growth over the forecast period.
The increasing penetration of electric vehicles (EVs) across developed regions due to stringent regulations regarding reduction in vehicular emissions coupled with high fuel efficiency is anticipated to augment retarder demand over the next eight years. In addition, increasing sales of EVs are expected to complement industry growth during this period.
Sedan segment was estimated at USD 1,000 million in 2017 owing to increased production volumes across various vehicle types including Mercedes Benz S-Class Coupe/Convertible (Wagon), BMW 7 Series Sedan/Luxury Sports Wagon, Audi A8/A6 Quattro Sedan etcetera.
Regional Analysis:
Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing production and sales of passenger cars in China, India, Japan, and South Korea. In 2017, Asia Pacific accounted for a share of more than 30% in terms of production volume for passenger cars and light commercial vehicles. Increasing demand from developing countries such as India is also anticipated to boost industry growth over the coming years.
The North American market was valued at USD X billion in 2017 owing to high demand from retarder manufacturers located in U.S., which include Magneto-Rheological Technologies Inc.; Hall Effect Materials LLC; Exide Industries; Johnson Controls International plc.; MagneTek Inc.; Autoliv Ltd.; and Eaton Vance Corp.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The automotive retarders market is expected to grow owing to the increasing demand for fuel-efficient vehicles. This is because automotive retarders help in improving the fuel efficiency of a vehicle by up to 5%.
- Stringent emission norms: Stringent emission norms across different countries are also expected to drive the growth of the automotive retarders market. This is because automotive retarders help in reducing emissions from a vehicle, thereby helping automakers comply with these norms.
- Rising popularity of electric and hybrid vehicles: The rising popularity of electric and hybrid vehicles is also anticipated to boost the growth of the global automotive retarders market during the forecast period. This is because electric and hybrid vehicles require less braking power as compared to traditional internal combustion engine (ICE) vehicles, which makes use of an automatic transmission system with a torque converter that helps in slowing down or stopping a car or truck without using friction brakes alone; this makes an electronic brake controller unnecessary on such types of cars or trucks, thereby making installation of an automated transmission system with integrated brake control unit (retarder) redundant on such types thereof, resulting in significant cost savings over time for consumers opting for electrification or hybridization technologies – Source : Frost & Sullivan Analysis
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Retarders Market Research Report
By Type
Eddy Current Retarder, Hydraulic Retarder, Permanent Magnet Retarder, Others
By Application
Truck, Bus, Sedan
By Companies
Voith, Shenzhen Terac Technology Co.,ltd., Vaueo, Hino Motors,, Telma, Sawafuji Electric Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Retarders Market Report Segments:
The global Automotive Retarders market is segmented on the basis of:
Types
Eddy Current Retarder, Hydraulic Retarder, Permanent Magnet Retarder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Truck, Bus, Sedan
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Voith
- Shenzhen Terac Technology Co.,ltd.
- Vaueo
- Hino Motors,
- Telma
- Sawafuji Electric Co., Ltd
Highlights of The Automotive Retarders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Eddy Current Retarder
- Hydraulic Retarder
- Permanent Magnet Retarder
- Others
- By Application:
- Truck
- Bus
- Sedan
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Retarders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive retarders are devices that are installed in a car to slow the vehicle down. They work by using the friction between the tires and the road to create drag, which slows down the car.
Some of the major players in the automotive retarders market are Voith, Shenzhen Terac Technology Co.,ltd., Vaueo, Hino Motors,, Telma, Sawafuji Electric Co., Ltd.
The automotive retarders market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Retarders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Retarders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Retarders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Retarders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Retarders Market Size & Forecast, 2020-2028
4.5.1 Automotive Retarders Market Size and Y-o-Y Growth
4.5.2 Automotive Retarders Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Eddy Current Retarder
5.2.2 Hydraulic Retarder
5.2.3 Permanent Magnet Retarder
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Truck
6.2.2 Bus
6.2.3 Sedan
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Retarders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Retarders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Eddy Current Retarder
9.6.2 Hydraulic Retarder
9.6.3 Permanent Magnet Retarder
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Truck
9.10.2 Bus
9.10.3 Sedan
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Eddy Current Retarder
10.6.2 Hydraulic Retarder
10.6.3 Permanent Magnet Retarder
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Truck
10.10.2 Bus
10.10.3 Sedan
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Eddy Current Retarder
11.6.2 Hydraulic Retarder
11.6.3 Permanent Magnet Retarder
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Truck
11.10.2 Bus
11.10.3 Sedan
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Eddy Current Retarder
12.6.2 Hydraulic Retarder
12.6.3 Permanent Magnet Retarder
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Truck
12.10.2 Bus
12.10.3 Sedan
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Eddy Current Retarder
13.6.2 Hydraulic Retarder
13.6.3 Permanent Magnet Retarder
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Truck
13.10.2 Bus
13.10.3 Sedan
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Retarders Market: Competitive Dashboard
14.2 Global Automotive Retarders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Voith
14.3.2 Shenzhen Terac Technology Co.,ltd.
14.3.3 Vaueo
14.3.4 Hino Motors,
14.3.5 Telma
14.3.6 Sawafuji Electric Co., Ltd
