By 2027, the Global Automotive Regenerative Braking System Market is expected to be worth USD 8.19 billion. The global adoption of hybrid and battery electric vehicles would expand the scope of the automotive regenerative braking industry. All passenger and freight vehicles are now outfitted with energy-efficient modules, resulting in increased fuel economy and even lower automotive carbon emissions. This factor drives the global growth of the regenerative braking device market over the forecast period. The growing demand for electric vehicles, even in public transportation, is expected to provide market participants with several opportunities over the forecast period. Due to strict automotive regulations, the ever-increasing demand for fuel-efficient vehicles is expected to increase the demand for regenerative braking technology.
Strict vehicular emission norms and regulations, as well as an increase in the number of electric vehicles, drive the global automotive regenerative braking system market. However, rising vehicle costs and weight, as well as high repair and maintenance costs, are impeding the market growth. On the contrary, technological advances in two-wheeler-based regenerative braking systems, as well as the introduction of regenerative braking systems in heavy vehicles, will create new opportunities in the future.
The report’s authors thoroughly examined the vendor landscape, with a particular emphasis on the leading players in the global market. The report responds to key player questions and provides an in-depth assessment of production, consumption, manufacturing, sales, and other critical factors. The main goal is to examine key market dynamics such as drivers, restraints, trends, and opportunities. Players can easily identify untapped opportunities in the global Automotive Regenerative Braking System market with the help of this report. Furthermore, they will be able to gain important insights not only into the global Automotive Regenerative Braking System market’s growth, but also into its products, applications, and regional segments.
The report’s other key findings include:
Due to improved energy conservation and efficiency in commercial vehicles, the kinetic regenerative braking system generated a revenue of USD 0.71 billion in 2019 and is expected to grow at a CAGR of 12.6 percent over the forecast period. Dynamic energy storage, or flywheel devices, is also expected to gain traction.
The plug-in hybrid electric vehicle market is expected to grow at a CAGR of 13.4 percent during the forecasted period, owing to rising vehicle acceptance that allows for external charging and increases the vehicle’s driving range.
Commercial vehicles are the largest contributors to the Automotive Regenerative Braking System Market. The commercial vehicle application in the North American region is the largest shareholder of the market, accounting for approximately 35.2 percent of the market in 2019. This is due to government policies to electrify the public transit fleet, as well as rising factory growth and the development of services, which are increasing the scale of the commercial vehicle fleet.
Eaton Corporation PLC, ZF Friedrichshafen AG, Bosch Mobility Solutions, Delphi Automotive, Continental AG, Magna International, Punch Powertrain, Denso, Aisin Seiki, and Hyundai Mobis are among the key participants.
For this report, Emergen Research has segmented the global Automotive Regenerative Braking System Market based on the type, propulsion, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Electric Regenerative Braking System
- Hydraulic Regenerative Braking System
- Kinetic Regenerative Braking System
Propulsion Outlook (Revenue, USD Billion; 2017-2027)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Two Wheelers
- Passenger Cars
- Commercial Vehicles