The Business Research Company’s report on the Automotive Regenerative Braking Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the automotive regenerative braking market?
The increase in sales of electric vehicles across the globe is contributing to the growth of the automotive regenerative braking market. A regenerative braking system is found in both electric vehicles and plug-in hybrid electric vehicles and recharges the battery during braking. This technology is used in electric vehicles to mitigate energy loss during braking. The increase in the acquisition of electric vehicles by customers across the globe is expected to increase the demand for new and innovative regenerative braking systems. For example, in July 2023, according to International Energy Agency (IEA), a France-based provider of policy recommendations, analysis and data on the entire global energy sector, over 2.3 million electric cars were sold in the first quarter of 2023, about 25% more than in the same period last year. Under the IEA Stated Policies Scenario (STEPS), the global outlook for the share of electric car sales based on existing policies and firm objectives has increased to 35% in 2030, up from less than 25% in the previous outlook. Therefore, an increase in sales of electric vehicles across the globe is expected to boost the automotive regenerative braking market during the forecast period.
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How has the automotive regenerative braking market size evolved, and what are the latest forecasts for its expansion?
The automotive regenerative braking market size has grown rapidly in recent years. It will grow from $6.56 billion in 2024 to $7.68 billion in 2025 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to environmental awareness, hybrid and electric vehicle adoption, government regulations on fuel efficiency, automotive industry competitiveness, increased popularity of regenerative braking in motorsports.
The automotive regenerative braking market size is expected to see rapid growth in the next few years. It will grow to $13.83 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to increased electric vehicle market, stricter emission standards, advancements in energy recovery systems, autonomous vehicle integration, consumer demand for sustainable technologies. Major trends in the forecast period include technological advancements in brake systems, integration of regenerative braking in conventional vehicles, development of lightweight materials for brake systems, continuous improvement in energy conversion efficiency, collaboration between automakers and technology suppliers.
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Which major companies dominate the automotive regenerative braking market?
Major 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 trends will shape the future of the automotive radar market?
Technological advancement is a key trend gaining popularity in the automotive regenerative braking market. The company operating in the automotive regenerative braking systems market are developing innovative systems with greater energy recovery and increasing the driving range of electric vehicles. For instance, in November 2023, ZF Friedrichshafen AG, a Germany-based technology company, launched the electric brake system. This innovative dry brake-by-wire system eliminates the need for hydraulic fluids entirely, using electric motors to generate braking force at each wheel. This design not only enhances braking efficiency but also reduces maintenance costs .
Which region dominates the automotive regenerative braking market, and what factors contribute to its leadership?
North America was the largest region in the automotive regenerative braking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive regenerative braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the automotive regenerative braking market segmented, and which segment holds the largest share?
The automotive regenerative braking market covered in this report is segmented –
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
Subsegments:
1) By Electric Regenerative Braking System: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs)
2) By Hydraulic Regenerative Braking System: Hydraulic Brake Boosters, Accumulator-Based Systems
3) By Kinetic Regenerative Braking System: Flywheel Energy Storage Systems, Mechanical Kinetic Systems
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How is the automotive regenerative braking market defined, and what are its core characteristics?
Automotive regenerative braking refers to a type of kinetic energy recovery system, designed to transfer the kinetic energy of an object in motion into stored energy to slow the vehicle down and increase fuel efficiency. This electric energy is stored in the energy storage unit of the vehicle and utilized in various applications of the vehicle such as headlights, start-stop function and to power the vehicle’s interior electronics. The automotive regenerative braking devices are used to increase fuel efficiency and the range of the vehicle.
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