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Commercial Vehicle Retarder Market Share

Report ID: GMI11839
Published Date: Oct 2024
Report Format: PDF

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Commercial Vehicle Retarder Market Share

ZF Friedrichshafen, Cummins, and Nippon Steel collectively held a substantial market share of over 30% in the commercial vehicle retarder industry in 2023. ZF Friedrichshafen specializes in integrated retarder systems, offering advanced braking solutions in conjunction with driveline technologies. The company leverages its expertise in electric and hybrid systems to provide customizable, high-performance retarders for heavy-duty vehicle OEMs. ZF's strong European presence and strategic partnerships with global truck manufacturers contribute to its competitive advantage in both developed and emerging markets.

Cummins, renowned for its powertrain expertise, integrates exhaust and engine braking technologies into its product portfolio. By combining these technologies with advanced engine control systems, Cummins caters to heavy-duty truck and bus manufacturers, particularly in North America. The company's solutions prioritize fuel efficiency, emissions reduction, and cost-effective performance, positioning Cummins competitively in the sustainability-focused market.

Commercial Vehicle Retarder Market Companies

Major players operating in the commercial vehicle retarder industry are:

Brakes India
CAMA
Cummins
Frenelsa
Klam
Nippon Steel
Shaanxi Fast
SORL
TBK
Telma
Voith
ZF Friedrichshafen

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of commercial vehicle retarder reached USD 1.7 billion in 2023 and is set to grow at a 5.3% CAGR from 2024 to 2032, driven by the increasing focus on enhancing road safety.

The trucks segment held over 49% of the market share in 2023, propelled by the increasing demand for heavy-duty trucks and the need for advanced retarder systems to improve braking efficiency and safety.

The Asia Pacific region accounted for over 39% of the market share in 2023 and is poised to cross USD 1.1 billion by 2032, led by government regulations promoting road safety and emission reduction in China.

The major players in the industry include Brakes India, CAMA, Cummins, Frenelsa, Klam, Nippon Steel, Shaanxi Fast, SORL, TBK, Telma, Voith, and ZF Friedrichshafen.