Retarder(Mechani cal Engineering) Market
Retarder(Mechanical Engineering) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Retarder(Mechanical Engineering) Market Size and Growth
The Retarder market in mechanical engineering is experiencing steady growth, driven by increasing demand for efficient braking systems in commercial vehicles. Current market size is estimated at approximately $2 billion, with projections indicating a compound annual growth rate (CAGR) of around 5% over the next five years, spurred by technological advancements.
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Companies Covered
(Covid 19 Impact Covered)
◍ Telma S.A.
◍ Frenelsa
◍ Voith
◍ ZF
◍ Scania
◍ Jacobs
◍ Klam
◍ TBK
◍ Shaanxi Fast
◍ SORL
◍ Terca
◍ Hongquan
◍ CAMA
◍ Air Fren
◍ Sumitomo Electric
The retarder market features key players like Telma S.A., Voith, and ZF, who enhance vehicle safety and performance through advanced braking solutions. Companies such as Scania and Jacobs innovate products that optimize efficiency, driving market growth. Sales figures include:
- Voith: €3.8 billion
- ZF: €40 billion
- Scania: €15 billion
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Market Segmentation
By Application
By Product
◍ Electric Retarders
Hydraulic Retarders ◍ Diesel Powered Vehicles ◍ Electric Vehicles ◍ Heavy Vehicles
Railway Systems
Other
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Market Growth
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$ X Billion USD
