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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Regenerative Braking System Market Outlook
The global automotive regenerative braking system market is estimated to grow at a CAGR of 15.10% in the forecast period of 2024-2032.
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Rising Demand for Hybrid Electric Vehicle to Propel the Market Growth of Automotive Regenerative Braking System
The rising inclination of customers toward hybrid vehicles as an alternative to electric vehicles until the availability of better batteries and achieving flexibility is driving the growth of automotive regenerative braking systems. In addition, the importance of a regenerative braking system in extending the battery charge over conventional brakes is fuelling the market. Also, the increasing purchasing power of the population and rapid urbanisation is boosting market development. Moreover, the government subsidies to promote the adoption of hybrid electric vehicles and the need to meet government regulations are playing a critical role in expanding the market for automotive regenerative braking systems. Further, the extensive research activities to develop fuel-efficient vehicles with advanced regenerative braking systems and soundless operations are anticipated to augment the market for automotive regenerative braking systems in the coming years.
The Asia Pacific to Account for a Substantial Share in the Global Market of Automotive Regenerative Braking System
The burgeoning production and sales of electric vehicles owing to the economic development in the Asia Pacific region are accelerating the market growth of automotive regenerative braking systems. In addition, the strong presence of the industry players and their efforts in developing advanced electric vehicles are fuelling the market development of automotive regenerative braking systems.
Market Segmentation
The automotive regenerative braking system is employed in energy-saving automotive that reuses the wasted energy during the slowing down of the vehicle. The wasted energy is used to recharge the batteries of the vehicle. A regenerative braking system works by recovering the kinetic energy when the brake is applied and converting it into electrical energy.
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The market for automotive regenerative braking system, by vehicle, is divided into:
- Two Wheelers
- Passenger Vehicles
- Commercial Vehicles
Based on system, the market is classified into:
- Battery
- Flywheel
- Hydraulics
- Ultra-Capacitors
On the basis of electric vehicle, the market is segmented into:
- Battery Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
The regional markets for automotive regenerative braking system can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Emerging Need to Save Fuel and Stringent Emission Regulations to Drive the Market Growth of Automotive Regenerative Braking System
The growing need to save fuel owing to the energy crisis and high cost are contributing to the steady growth of the market for the automotive regenerative braking system. In addition, the fewer emissions of greenhouse gases with the reduced fuel consumption are leading to its wider adoption by eco-conscious customers. Also, the advantages of regenerative braking systems, such as reduction in engine wear and brake wear, coupled with cost-effectiveness, are resulting in the expansion of the market. The regenerative braking system further contributes to the decreasing vehicle weight with smaller accessories and decreases brake dust emissions, thereby invigorating the market. Moreover, the government initiatives supporting fuel-efficient and environmentally friendly transport systems are significantly catalysing the development of the market for the automotive regenerative braking system. Further, the introduction of efficient regenerative braking systems tailored to meet customer expectations and various drive concepts are likely to aid the market in the forecast period.
Key Players in the Global Automotive Regenerative Braking System Market
The report gives a detailed analysis of the following key players in the global automotive regenerative braking system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Robert Bosch GmbH
- Continental AG
- ADVICS CO., LTD.
- ZF Friedrichshafen AG
- Mazda Motor Corporation
- Maxwell Technologies®
- AISIN CORPORATION
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle |
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| Breakup by System |
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| Breakup by Electric Vehicle |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automotive regenerative braking system market is assessed to grow at a CAGR of 15.10% between 2024 and 2032.
The major industry drivers are rising production and sales of electric vehicles, importance of regenerative braking system in reducing engine wear and brake wear, decreasing vehicle weight, decreasing brake dust emissions, and the growing eco-consciousness among customers.
The key industry trends guiding the growth of the market include the growing demand for fuel-efficient economy, stringent government regulations, and the introduction of efficient regenerative braking systems by the industry players.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various market divisions, based on vehicle, include two wheelers, passenger vehicles, and commercial vehicles.
The significant market divisions, based on system, include battery, flywheel, hydraulics, and ultra-capacitors.
The major market divisions, based on electric vehicle, include battery vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.
The major players in the industry are the Robert Bosch GmbH, Continental AG, ADVICS CO., LTD., ZF Friedrichshafen AG, Mazda Motor Corporation, Maxwell Technologies®, and AISIN CORPORATION, among others.
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