Vehicle Retarder Market

A vehicle retarder is a friction-based braking system that is mostly utilized in heavy vehicles to improve or replace some of the primary functions of the equipment. These retarders assist in decreasing the speed of the vehicle by lowering the braking force, thereby helping the driver to improve the driving performance. These retarders are widely used in buses, trucks, and other vehicles because they are usually heavy and require a lot of braking force to control these vehicles. These retarders contribute to lower overall braking system costs by extending the life of the brake pads by up to 3-5 times. This is the primary factor that drive the market of vehicle retarders globally.

COVID-19 Impact Analysis

• The COVID-19 outbreak has widely disrupted the automotive industry. It has resulted in shutdown of manufacturing facilities and a drop in the sales volume. Furthermore, the demand for heavy commercial vehicles is expected to drop in 2020. This decline, as expected, will adversely affect the vehicle retarder market, as vehicle production is directly proportional to the demand for vehicle retarder market. The budget allocation for R&D is likely to be reduced, which will hamper the innovation of automotive headrest. Companies, however are taking preventive measures to tackle the adverse effects of the outbreak.

Top Impacting Factors
Increase in transportation of goods by road, rise in concern towards safety, surge in number of commercial vehicles across the globe and reduction in overall cost along with increase in the life of brake lining drive the growth of the global vehicle retarder market. 
High production cost associated with vehicle retarders and high energy consumption and overheating during retardation hinder in the growth of the global vehicle retarder market. 
Growth in advancements in automobile industry provide lucrative opportunities for the global vehicle retarder market.
Market Trends 
Introduction of Self-Charging Type Electromagnetic Retarders

• Market vendors are focusing on the development of self-charging electromagnetic retarders. Electromagnetic brakes are used as supplemental assistance alongside conventional friction brakes on heavy-duty vehicles. A stator yoke (iron core), is inserted between magnetic coils producing multi-phase connections in this self-charging electromagnetic retarder to generate electricity. The electricity generated can be used to recharge auxiliary systems such as batteries and various other systems in the vehicle. The steel rotor has an iron core, that serves as a control device to regulate the speed of the retarder. These steel rotors are connected to the vehicle and rotate according to the rotation of the tires or axles. When the steel rotor rotates between the magnetic coils, it creates a resonant circuit, which helps control the amount of energy generated in the retarder. These retarders consume less energy and aid in the charging of various other systems. Electromagnetic brakes offer higher thermodynamic performance than ordinary friction brakes. due to   its unique installation position and heat dissipation mechanism. The increase in usage of electromagnetic retarders in heavy vehicles will improve the efficiency of commercial vehicles and would certainly have a favorable influence on the global commercial vehicle retarder market during the forecast period.  

Key Benefits of the Report:

• This study presents the analytical depiction of the vehicle retarder industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of vehicle retarder market.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the vehicle retarder market.
• The report provides a detailed vehicle retarder market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Vehicle Retarder Market Research Report:

• Who are the leading market players active in the vehicle retarder market?
• What would be the detailed impact of COVID-19 on the market?
• What are the current trends that would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the vehicle retarder market?
• What are the future projections that would help in taking further strategic steps? 

 Vehicle Retarder Market Report Highlights