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The Automotive Regenerative Braking System Market Size was valued at USD 8.29 billion in 2023 and is expected to reach USD 36 billion by 2032 and grow at a CAGR of 17.8% over the forecast period 2024-2032.
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
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.
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.
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.
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.
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KEY PLAYERS:
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).
Report Attributes | Details |
Market Size in 2023 | US$ 8.29 Billion |
Market Size by 2032 | US$ 36 Billion |
CAGR | CAGR of 17.8% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
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) |
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. |
Ans:- The market size is expected to reach USD 36 billion by 2032.
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:- Yes.
Ans:- APAC region is anticipated to be the primary driver of the market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
9.3 Two-wheelers,
10. Global Automotive Regenerative Braking System Market Segmentation, by System Type
10.1 Flywheel
10.2 Battery
10.3 Hydraulics
10.4 Ultra-capacitors
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GMBH (Germany),
12.1.1 Financial
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
14. Conclusio
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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
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Product Analysis
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Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
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