Report Id: SNS/AUTO/1063 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Automotive Regenerative Braking System Market Size was valued at USD 7.04 billion in 2022 and is expected to reach USD 26.12 billion by 2030 and grow at a CAGR of 17.8% over the forecast period 2023-2030.
The developing braking system is an energy recovery device that converts the kinetic energy generated during vehicle speed decrease into electrical energy. This converted energy is stored in the vehicle's storage unit, where it is used to power the vehicle's interior electronics as well as other uses such as headlights and start-stop operations. In a regenerative braking system, energy storage components such as ultra-capacitors, flywheels, batteries, and others are used. Regenerative braking systems can save between 5% and 20% of the transmitted energy, depending on the stopping pattern and vehicle speed.
The automotive regenerative braking system market is expected to increase significantly due to its benefits, which include improved vehicle performance and reduced braking system wear and tear when compared to traditional braking systems. Regenerative braking is an emerging braking technology in the automobile industry that can be used in both traditional and electric vehicles. Furthermore, electric vehicles are heavy users of the regenerative braking system.
The government is pressuring automakers to adopt innovative technologies that can help vehicles consume less fuel.
The growing popularity of regenerative braking.
Increasing the participation of commercial and passenger cars.
Infrastructure for electric vehicle supply equipment (EVSE).
The global market could be impeded by rising vehicle manufacturing costs and weight.
The components' high functional complexity may impose market constraints.
The high maintenance and repair costs may limit the Market's expansion.
Mass production of the regenerative braking system is expected to lower the system's cost.
Due to technological advancements.
Due to the increasing overall cost of the vehicle, the global market may face hurdles.
The COVID-19 pandemic, which has caused supply chain disruption, is a current difficulty.
IMPACT OF COVID-19:
The ongoing COVID-19 epidemic has hampered the growth of the Automotive Regenerative Braking System Market in 2020. Many areas have implemented shutdowns and lockdowns, resulting in a shortage of automobiles, supplies, and transportation, among other things.
However, several safety precautions and strategies have been implemented by worldwide key competitors in order to improve the global market growth. In the current scenario, the worldwide market is aiming for a larger market size during the forecast period.
Major key players included in this report are ZF Friedrichshafen AG (Germany), Robert Bosch GMBH (Germany), Denso Corporation (Japan), Continental AG (Germany), Delphi Automotive PLC (US), Mazda Motor (Japan), Hyundai Mobis (South Korea), Maxwell Technologies, Faurecia SA (France), TRW Automotive (US), ADVICS North America, Autoliv Nissin Brake Systems Co., Ltd. (Japan).
Market, By Electric Vehicle:
The global market is divided into hybrid electric vehicles, battery vehicles, and plug-in hybrid electric cars based on the electric vehicle segment. Due to its versatility in terms of vehicle driving range and external charging, the lug-in hybrid electrical vehicle market has shown substantial growth in the previous year and is expected to yield the highest Market Share for the projection period.
Market, By Vehicle Type:
According to the vehicle type segment, the global market is divided into passenger vehicles, two-wheelers, and commercial vehicles. Because of rising electric car demand in countries such as Japan, the United States, and China, the passenger vehicle category is expected to create the Highest Market Share during the research period.
Market, by System type:
Based on the system type segment, the global market has been divided into flywheel, battery, ultra-capacitors, and hydraulics. Due to advancements in battery development, the battery system type category is expected to have the highest Automotive Regenerative Braking System Market Size over the research period.
By Electric Vehicle Type:
Hybrid electrical vehicle,
Plug-in hybrid electric vehicle
By Vehicle Type:
By System Type:
Asia-Pacific, North America, Europe, and the Rest of the World are the four major regions that make up the global Automotive Regenerative Braking System Market. Because of the high penetration of electric vehicles in the region and the presence of significant important market players, the North American regional market is expected to lead the global market with the highest Market Share for the projection period.
Aside from that, the Asia-Pacific region is predicted to have the greatest Market Growth over the projection period. Because of plug-in hybrid electric vehicles in developing countries like South Korea, China, and Japan, as well as growing urbanization, hybrid penetration, and population purchasing power, this regional market has seen stronger growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 7.04 Billion|
|Market Size by 2030||US$ 26.12 Billion|
|CAGR||CAGR of 17.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Electric Vehicle Type (Hybrid electrical vehicle, Battery vehicle, Plug-in hybrid electric vehicle)
• by Vehicle Type (Passenger Vehicles, Commercial vehicles, Two-wheelers)
• by System Type (Flywheel, Battery, Hydraulics, Ultra-capacitors)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ZF Friedrichshafen AG (Germany), Robert Bosch GMBH (Germany), Denso Corporation (Japan), Continental AG (Germany), Delphi Automotive PLC (US), Mazda Motor (Japan), Hyundai Mobis (South Korea), Maxwell Technologies, Faurecia SA (France), TRW Automotive (US), ADVICS North America, Autoliv Nissin Brake Systems Co., Ltd. (Japan).|
|Key Drivers||•The government is pressuring automakers to adopt innovative technologies that can help vehicles consume less fuel.
•The growing popularity of regenerative braking.
|RESTRAINTS||•The government is pressuring automakers to adopt innovative technologies that can help vehicles consume less fuel.
•The growing popularity of regenerative braking.
Frequently Asked Questions (FAQ) :
Ans:- The market size is expected to reach USD 18.83 billion by 2028.
Ans:- During braking, the Regenerative Braking System is utilized to generate energy and store it in the battery of an electric car.
Ans:- The Automotive Regenerative Braking System Market is expected to be dominated by the battery system type.
Ans:- APAC region is anticipated to be the primary driver of the market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Regenerative Braking System Market Segmentation, by Electric Vehicle
8.1 Hybrid electrical vehicle,
8.2 Battery vehicle
8.3 Plug-in hybrid electric vehicle
9. Global Automotive Regenerative Braking System Market Segmentation, by Vehicle Type
9.1 Passenger vehicles,
9.2 Commercial vehicles
10. Global Automotive Regenerative Braking System Market Segmentation, by System Type
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GMBH (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 ZF Friedrichshafen AG (Germany)
12.3 Denso Corporation (Japan)
12.4 Continental AG (Germany)
12.5 Delphi Automotive PLC (US)
12.6 Mazda Motor (Japan)
12.7 Hyundai Mobis (South Korea)
12.8 Maxwell Technologies
12.9 Faurecia SA (France)
12.10 TRW Automotive (US)
12.11 ADVICS North America
12.12 Autoliv Nissin Brake Systems Co., Ltd. (Japan).
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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