How Much Growth Is The Automotive Regenerative Braking Market Expected to See?
The automotive regenerative braking market has seen swift growth in recent years, expanding from $6.56 billion in 2024 to an estimated $7.68 billion in 2025 following a compound annual growth rate (CAGR) of 17.1%. This rapid growth can be attributed to increasing environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, and the increased popularity of regenerative braking in motorsports.
The market is expected to continue its rapid growth, with forecasts predicting a market size of $13.83 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. This projected growth can be linked to the increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, and consumer demand for sustainable technologies.
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What’s Driving The Automotive Regenerative Braking Market Growth?
One of the key drivers fueling the growth of the automotive regenerative braking market is the global increase in sales of electric vehicles. Electric and plug-in hybrid electric vehicles come equipped with regenerative braking systems, which recharge the battery during braking, reducing energy loss. In July 2023, the International Energy Agency reported that 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period last year.
What Are The Key Segments In The Automotive Regenerative Braking Market?
1) By Type: Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System
2) By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
3) By Application: Two Wheelers, Passenger Cars, Commercial Vehicles, Other Applications
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Who Are The Major Players In The Automotive Regenerative Braking Market?
Key companies operating in the automotive regenerative braking market include Aisin Seiki Co. Ltd., Continental AG, Hyundai Mobis Co. Ltd., Mazda Motor Corporation, Toyota Motor Corporation, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Porsche Automobil Holding SE, Advics Co. Ltd., Faurecia SA, Maxwell Technologies Inc., Eaton Corporation plc, Delphi Automotive plc, Magna International Inc., Punch Powertrain NV, Adgero SAS, Skeleton Technologies Group OU, Autoliv Nissin Brake Systems Co. Ltd., Magneti Marelli SpA, Bell Intercoolers Inc., Rad Co. Ltd., Valeo SA, Conflux Technology Pty Ltd., Zhejiang VIE Science & Technology Co Ltd., Federal-Mogul LLC, Akebono Brake Industry Co Ltd., Nisshinbo Brake Inc., Hitachi Automotive Systems Ltd.
What Are The Emerging Trends In The Automotive Regenerative Braking Market?
As technological advancements are gaining momentum in the automotive regenerative braking market, companies in the sector are developing innovative systems with enhanced energy recovery and driving range for electric vehicles. November 2023 saw the launch of an electric brake system by ZF Friedrichshafen AG, which negates the need for hydraulic fluids, utilizing electric motors to generate braking force at each wheel. This design enhances brake efficiency and decreases maintenance costs.
How Is The Regional Analysis Of The Automotive Regenerative Braking Market?
In 2024, North America held the majority share in the automotive regenerative braking market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The report further analyses the market across various other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Automotive Regenerative Braking Market Report 2025 Offer?
The report presents a comprehensive analysis of the Automotive Regenerative Braking Market, offering crucial insights into the market’s global size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Regenerative braking harnesses the vehicle’s kinetic energy, converting it into stored energy that can slow the vehicle down while also increasing fuel efficiency. These devices are utilized to enhance fuel efficiency and the range of the vehicle. The Automotive Regenerative Braking Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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