The primary function of an automotive retarder is to maintain and control the speed of the vehicle. Automotive retarders are basically of two types; electric and hydraulic. Retarders help in preventing the vehicle from accelerating down the slope and sliding uncontrollably. Automotive retarders assist in braking performed by the traditional friction braking systems. These are high-performance brakes which effectively and safely decelerates even heavy vehicles.
"Global Automotive Retarder Market Analysis to 2028"
is a specialized and in-depth study of the Automotive Retarder market with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Retarder market with detailed market segmentation by type, type, application, and geography. The global Automotive Retarder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Retarder market players and offers key trends and opportunities in the Automotive Retarder market.
- Based on type, the market is segmented as electric retarders and hydraulic retarders.
- On the basis of the application, the market is segmented as 18-55 MT, 55-100 MT, above 100 MT.
- High demands from the automotive industry
- Rising adoption of multistage modulating transmission retarders and overall cost reduction
- Technological saturation
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Retarder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Automotive Retarder market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE RETARDER MARKET
COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the automobile and transportation industry, including Automotive Retarder manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Retarder suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted and vaccine drives are held successfully, the demand for passenger cars is expected to rise. Since Automotive Retarder are one of the vital components of any automobile, the demand for such products is expected to revive with the rise in demand for vehicles during the second half of 2021.
The reports cover key developments in the Automotive Retarder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive Retarder market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Retarder market. Below mentioned is the list of few companies engaged in the Automotive Retarder market.
The report also includes the profiles of key Automotive Retarder market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- CAMA(Luoyang) Electromechanic CO., LTD
- Frenos Electricos Unidos, S.A.
- Jacobs Vehicle Systems, Inc.
- Scania AB
- Shaanxi Fast Auto Drive Co., Ltd
- SORL Auto Parts, Inc.
- TBK Co., Ltd.
- Telma S.A.
- Voith GmbH & Co. KGaA
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.