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Automotive Regenerative Braking System Market Size

ID: MRFR//5454-HCR | 100 Pages | Author: Sejal Akre| April 2024

The Automotive Regenerative Braking System (RBS) market is experiencing dynamic shifts driven by technological advancements, environmental concerns, and changing consumer preferences. As the automotive industry evolves towards sustainability, the demand for energy-efficient solutions has become more pronounced. Regenerative braking systems, which harness and store energy during braking to be reused for acceleration, have emerged as a key player in this paradigm shift.

One of the primary market dynamics shaping the Automotive RBS sector is the growing emphasis on environmental sustainability. With increasing awareness of climate change and the need for reduced carbon emissions, automakers are under pressure to adopt cleaner technologies. Regenerative braking systems contribute to this goal by not only improving fuel efficiency but also by reducing the overall environmental impact of vehicles. Governments and regulatory bodies across the globe are incentivizing the integration of such systems through policies and standards, further propelling market growth.

Technological advancements play a pivotal role in the evolution of the Automotive RBS market. As research and development efforts continue, newer and more efficient regenerative braking technologies are being developed. This includes advancements in energy storage systems, control algorithms, and materials used in the construction of braking components. These technological innovations not only enhance the performance of regenerative braking systems but also address concerns such as system durability and cost-effectiveness, making them more appealing to both manufacturers and consumers.

Consumer preferences are also driving the market dynamics of Automotive RBS. As buyers become more conscious of fuel efficiency and environmental impact, they are inclined towards vehicles equipped with regenerative braking systems. The positive feedback loop created by consumer demand pushes automakers to integrate these systems into a wider range of vehicle models, from compact cars to SUVs. Additionally, the rise of electric and hybrid vehicles, which inherently incorporate regenerative braking systems, has further intensified the competition in the market.

Global economic factors also contribute to the market dynamics of Automotive RBS. Fluctuations in fuel prices, geopolitical events, and economic downturns can impact consumer purchasing behavior and, consequently, the demand for energy-efficient technologies like regenerative braking systems. As consumers seek ways to reduce operational costs and governments push for sustainable transportation solutions, the market for Automotive RBS remains responsive to economic trends.

Collaboration and partnerships within the automotive industry also shape the market dynamics of regenerative braking systems. As the development and implementation of these technologies require a multidisciplinary approach, collaborations between automakers, suppliers, and technology providers become crucial. Joint ventures and strategic alliances aim to pool resources, share expertise, and accelerate the adoption of regenerative braking systems across the industry.

In conclusion, the Automotive Regenerative Braking System market is characterized by dynamic forces stemming from environmental concerns, technological advancements, shifting consumer preferences, economic factors, and collaborative efforts within the automotive sector. As the industry continues to evolve, the integration of regenerative braking systems into mainstream vehicles is expected to increase, contributing to a more sustainable and energy-efficient future for the automotive market.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate (2022 to 2030

Automotive Regenerative Braking System Market Overview

The global Automotive Regenerative Braking System Market has been predicted to witness significant growth for the forecast period. Further, the global market has estimated to grow at a CAGR of 6% for the forecast period. The regenerative braking system works as a key technology that reserves curbs emissions and fuel in a conventional vehicle.

Moreover, the emerging braking system is an energy recovery system that transforms the vehicle's kinetic energy and is produced during the vehicle speed reduction into electrical energy. This transformed energy is deposited in the vehicle's storage unit to power the vehicle's interior electronics and to utilize it in various applications like headlights and start-stop functions.  Different energy storage units are used in a regenerative braking system, like ultra-capacitors, flywheels, batteries, and many others. Through the use of regenerative braking systems, the transmitted energy can be saved up to 5% - 20% as its recoverable energy depends upon the stopping pattern and vehicle speed. Furthermore, the regenerative braking system is extensively used to produce electricity during the application of the brakes by transforming the momentum loss.

In the present scenario, the demand for the automotive sector is increasing in order to the sales of vehicles and production of the vehicle across the globe, which has resulted in growing greenhouse gas emissions. Along with that, the government is forcing the automakers to adopt such advanced technologies that can help to reduce the fuel consumption by vehicles and exhaust gas emissions. This can boost up the growth of the global Automotive Regenerative Braking System Market. Moreover, the Market is driving its growth due to the increasing demand for the regenerative braking system and increasing engagement of commercial vehicles and passenger vehicles to reduce vehicular emissions and to improve fuel economy. Furthermore, the regenerative braking system has various components that help in recovering energy storage reservoirs and energy from the parts of braking.

COVID-19 Impact Analysis

The ongoing COVID-19 pandemic has impacted the Automotive Regenerative Braking System Market growth for the year 2020. Many regions have imposed shutdown and lockdown, resulting in a lack of vehicles, supply, transportations, and many others.

However, the global key players have adopted many safety measures and strategies to boost the growth of the global market. In the present scenario, the global market has aimed to achieve the higher market Size for the forecast period.

Competitive Landscape Analysis

According to the Automotive Regenerative Braking System Market Trends report, the global market has huge competition across various regions, which is boosting up the strength of the global market. These key players are:

  • ZF Friedrichshafen AG (Germany),

  • Denso Corporation (Japan),

  • Delphi Automotive PLC (US),

  • Continental AG (Germany),

  • Mazda Motor (Japan),

  • Hyundai Mobis (South Korea),

  • Robert Bosch GMBH (Germany),

  • ADVICS North America, Inc. (US),

  • Faurecia SA (France),

  • TRW Automotive (US),

  • Autoliv Nissin Brake Systems Co., Ltd. (Japan).

These important market players have lucrative opportunities due to the advancement of the technology and high functional complexity of the components, leading to enhancing the Market Growth for the research period.

Recent Developments

  • In March 2019, the regenerative electric braking system of Model Y had introduced by Tesla. This machine has been developed with an aim to offer Ultracapacitor processing progresses and a higher output ratio.

Automotive Regenerative Braking System Market Dynamics

  • Major Drivers of the Market

The global Market is growing due to several factors like increasing electric vehicle supply equipment (EVSE) infrastructure, increasing the numbers of electric vehicles, and stringent vehicular emission governmental rules and regulations.

According to the International Air Agency report, nearly 6.5 million deaths cases occur every year because of poor air quality. For this, the governments of different nations like Germany, the U.S., and others are developing various policies and launching various programs related to vehicle emission to limit the growing amount of emission across the globe. This kind of initiative by the governments is increasing the growth of the Automotive Regenerative Braking System Industry for the forecast period.

  • Opportunities of the global market

In the forecast period, it has been predicted that the mass production of the regenerative braking system can reduce the cost of the system, which can bring lots of opportunities for the global key players of the Market.

Therefore, technological advancement is bringing more opportunities for the global market, which is generating higher Market Size of the forecast period.

  • Market Restraints

The global Market might get hampered due to the vehicle's increasing manufacturing cost and weight. In addition, the high functional complexity of the components might bring market restraints to the global market.

Along with that, the high maintenance and repair cost might hamper the growth of the Market for the research period.

  • Market Growth challenges

The global Market might experience challenges due to the increased overall cost of the vehicle.

Moreover, the recent challenge that the global Market Trends has experienced is the COVID-19 pandemic, which has resulted in disruption in the supply chain.

  • Cumulative growth Analysis

The global Market has shown higher growth in the region like Asia- Pacific and North America. Further, these region has more scope for the growth of the global market.

According to the global Market Trends report, the increasing demand for electric vehicles will enhance the cumulative market growth.

Automotive Regenerative Braking System Market Segment Overview

The global market is classified based on the system type, vehicle type, and electric vehicle.

  • By Electrical Vehicle:

Based on the electric vehicle segment, the global Market is segmented into a hybrid electric vehicles, battery vehicles, and plug-in hybrid electric vehicles.

Among these, the lug-in hybrid electrical vehicle segment has witnessed significant growth in the previous year, and further, it is estimated to generate the higher Market Share for the forecast period due to its versatility for vehicle’s driving range and external charging.

  • By Vehicle Type:

The global Market is segmented into passenger vehicles, two-wheelers, and commercial vehicles based on the vehicle type segment.

Out of all, the passenger vehicle segment has predicted to generate the higher Market Share for the research period due to the growing electric car demands in the countries like Japan, the USA, and china. Usually, the passenger cars are electric cars, including the Plug-in Hybrid electric vehicle (PHEV), Hybrid electric vehicle (HEV), and Battery Electric Vehicle (BEV).

  • By System Type:

The global Market has been classified into flywheel, battery, ultra-capacitors, and hydraulics based on the system type segment.

Among these, the battery system type segment has predicted to register the largest Automotive Regenerative Braking System Market Size for the research period due to the advancement in battery development.

Regional Analysis

The global Automotive Regenerative Braking System Market has been classified into four important regions: Asia-Pacific, North America, Europe, and the Rest of the World. Among these regions, the North American regional market has predicted to dominate the global market with generating the higher Market Share for the forecast period due to the high penetration of electric vehicles in the region and the presence of major key market players in the region.

Apart from that region, the Asia-Pacific region has expected to register the highest Market Growth for the forecast period. This regional market has witnessed higher growth because of the plug-in hybrid electric vehicles in developing countries like South Korea, China, and Japan, the increasing urbanization, increased penetration of hybrid, and increasing purchasing power among the population. In addition, the most populated countries like China and India have increased the sale of automobiles and their production, which is predicted to enhance the Automotive Regenerative Braking System Market Growth in the Asia Pacific region.

Report Overview

The Automotive Regenerative Braking System Industry report has included extensive primary research of data collection. This report is a combination of both quantitative and qualitative detailed analysis aspects. This report has analyzed the views of the key leaders and various industry experts to understand the industry performance across various regions. The present market scenario report, including technological advancement, forecasted market size, historical data, governing factors, market value, and volumes, etc., has been highlighted to show a clear picture of the global market.

Moreover, the Automotive Regenerative Braking System Industry report has thrown light on the recent competitions of the key players and shown comprehensive information regarding the ideas and strategies. This report has also covered the recent developments and contributions to the Automotive Regenerative Braking System Market.

Segmental Table:

By Electrical Vehicle:

  • hybrid electrical vehicle,

  • plug-in hybrid electric vehicle,

  • battery vehicle

By Vehicle Type:

  • passenger vehicles,

  • two-wheelers,

  • commercial vehicles

By System Type:

  • flywheel,

  • battery,

  • ultra-capacitors,

  • hydraulics

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