Automotive Regenerative Braking Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The automotive regenerative braking market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. 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 $12.1 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. 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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Segmentation & Regional Insights
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

North America was the largest region in the automotive regenerative braking market in 2023. 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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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the automotive regenerative braking market report are 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, Spectra Premium Industries Inc., 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.

The automotive regenerative braking market report table of contents includes:

1. Executive Summary

2. Automotive Regenerative Braking Market Characteristics

3. Automotive Regenerative Braking Market Trends And Strategies

4. Automotive Regenerative Braking Market – Macro Economic Scenario

5. Global Automotive Regenerative Braking Market Size and Growth

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31. Global Automotive Regenerative Braking Market Competitive Benchmarking

32. Global Automotive Regenerative Braking Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Regenerative Braking Market

34. Automotive Regenerative Braking Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Aisin Seiki Co. Ltd

Continental AG

Hyundai Mobis Co. Ltd

Mazda Motor Corporation

Toyota Motor Corporation

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