Automotive Regenerative Braking Market Size, Share, Growth Analysis, By Type(Electric Regenerative Braking System (ERBS), Hydraulic Regenerative Braking System (HRBS), Kinetic Regenerative Braking System (KRBS)), By Propulsion(BEV, PHEV, HEV), By Vehicle(Two-wheelers, Passenger Cars, Commercial vehicles), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25C2092 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 90 |Figures: 74

Automotive Regenerative Braking Market Insights

Global Automotive Regenerative Braking Market size was valued at USD 7.62 Billion in 2022 and is poised to grow from USD 8.84 Billion in 2023 to USD 28.98 Billion by 2031, at a CAGR of 16% during the forecast period (2024-2031).

Regenerative braking systems are becoming more and more common in the automobile sector, which is mostly due to an increasing worldwide awareness of environmental sustainability issues. Automakers are under growing pressure to reduce the carbon footprints of their vehicles as concern about greenhouse gas emissions and the subsequent impact of fossil fuel consumption on climate change grows.

To battle air pollution and reduce their reliance on fossil fuels, governments throughout the world are responding to these environmental concerns by enacting strict emissions limits and fuel efficiency rules.

In order to comply with regulations, manufacturers are strongly encouraged by these regulatory frameworks to include regenerative braking systems into their car designs. For instance, the strict pollution regulations in the European Union are pressuring automakers to adopt greener technology, such as regenerative braking systems.

The market for automobile regenerative braking has been greatly boosted by the quick spread of hybrid and electric vehicles (EVs). These cars depend on regenerative braking because it helps their batteries recharge and increases their driving range.

Regenerative braking systems are in high demand as the market share of electric vehicles (EVs) increases on a worldwide scale. Increased competition in the vehicle regenerative braking industry is being caused by an increase in the number of businesses entering the market. Both established and up-and-coming suppliers to the automobile industry are fiercely vying for market dominance. This increased competition encourages innovation and cost-cutting, which eventually leads to better affordability.

US Automotive Regenerative Braking Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 7.62 Billion

Largest Segment

HEV

Fastest Growth

HEV

Growth Rate

16% CAGR

Global Automotive Regenerative Braking Market ($ Bn)
Country Share for North America Region (%)

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Automotive Regenerative Braking Market Segmental Analysis

The global automotive regenerative braking market is segmented on the basis of type, propulsion, vehicle, region. By type, the market is segmented into electric regenerative braking system (ERBS), hydraulic regenerative braking system (HRBS), kinetic regenerative braking system (KRBS). By propulsion, the market is segmented into BEV, PHEV, HEV. By vehicle, the market is segmented into two-wheelers, passenger cars, commercial vehicles. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Automotive Regenerative Braking Market Analysis By Propulsion

Hybrid Electric Vehicles (HEVs) have historically dominated the worldwide automobile regenerative braking industry. HEVs, which combine an internal combustion engine with an electric motor, include regenerative braking systems that assist in recharging the battery when the vehicle is slowing down and braking. For many years, these systems have been an expected component of HEVs, which has aided in their market domination.

While HEVs have traditionally held the lion's share, Plug-in Hybrid Electric Vehicles (PHEVs) are presently the vehicle regenerative braking market's fastest-growing sector. HEVs and PHEVs are comparable in some ways, but PHEVs have bigger battery packs that enable them to go farther on electric power alone. More sophisticated regenerative braking systems are required to gather and store energy effectively over this increased electric-only driving range. The need for regenerative braking systems in PHEVs is anticipated to expand quickly as PHEV adoption rises as a result of growing consumer interest in electric mobility and harsher pollution laws.

Automotive Regenerative Braking Market Analysis By Vehicle

In the global market for vehicle regenerative braking, passenger cars have historically dominated. One of the biggest markets for automobiles is passenger vehicles, and many of them use regenerative braking systems to increase energy efficiency and lower pollution. Both conventional and hybrid passenger automobiles now frequently have these technologies.

Two-wheelers, however, are the market category for vehicle regenerative braking that is expanding at the quickest rate. Although two-wheelers, such as electric scooters and motorcycles, have historically lagged behind passenger vehicles in the adoption of regenerative braking technology, the market dynamics are fast shifting. Regenerative braking systems are becoming more common due to the increased demand for electric two-wheelers and the requirement for increased energy efficiency in this industry. Regenerative braking is being used, in particular, on electric bikes and scooters, to increase their overall performance and range. Electric two-wheelers with regenerative braking systems are becoming a desirable choice for people who are concerned about the environment.

Global Automotive Regenerative Braking Market By Propulsion

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Automotive Regenerative Braking Market Regional Insights

Automotive regenerative braking systems have become very popular in North America, especially the United States. The region's dominance can be attributed to a number of factors, including an abundance of major automakers, an emphasis on sustainability, and strict fuel economy regulations. Regenerative braking technology has been added to many cars, especially those made in the United States, as part of automakers' commitment to reducing emissions and improving fuel economy. Additionally, while regenerative braking systems are necessary to improve the energy efficiency of electric and HEVs, the demand for electric vehicles (EV) and hybrid electric vehicles (HEV) in North America has increased their use.

The automotive brake market is growing fastest in Asia Pacific, especially in China, Japan and India. With a booming auto industry and a growing emphasis on green technology, China stands out as a major contributor to this expansion. The region has adopted regenerative braking systems due to increased urbanization, rising pollution levels and government efforts to support electric and hybrid cars. Additionally, the need for consumer brake technology is fueled by the rapid growth of the electric two-wheeler sector in countries such as China and India. The automotive brake market is expected to thrive on this continent as Asia Pacific continues to prioritize sustainability and emissions reduction, making it the fastest growing region in the world.

Global Automotive Regenerative Braking Market By Geography
  • Largest
  • Fastest

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Automotive Regenerative Braking Market Dynamics

Automotive Regenerative Braking Market Drivers

Emissions Regulations

  • To comply with strict emissions restrictions set by governments throughout the world, automakers are being forced to add regenerative braking systems to their automobiles.

Development of Electric and Hybrid Vehicles

  • Regenerative braking technology has been significantly influenced by the explosive rise of hybrid and electric cars (HEVs and BEVs). Regenerative braking is used by these cars to refuel batteries and increase range.

Automotive Regenerative Braking Market Restraints

High Upfront Cost

  • The initial expense of integrating regenerative braking technology might be a hurdle for certain automakers, despite the fact that the long-term advantages are significant.

Insufficient Knowledge

  • Market expansion may be hampered by customers' and non-data centers' ignorance of the advantages of regenerative braking systems.

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Automotive Regenerative Braking Market Competitive Landscape

The competitive landscape of the worldwide automobile regenerative braking market is defined by the active engagement of multiple existing companies and escalating rivalry among new entrants. Leading businesses in the industry include significant automakers and technology firms that work to obtain a competitive edge through innovation and tactical plans. Important businesses with a global presence, like Bosch, Continental AG, and ZF Friedrichshafen AG, hold sizable market shares.

Key players are spending a lot of money on research and development to improve their regenerative braking systems and keep up with changing market needs in order to preserve their competitive edge. Regenerative braking control algorithms are being improved, cutting-edge materials are being used in brake components, and energy recovery effectiveness is being increased. These advancements are intended to provide regenerative braking systems that are more dependable and efficient.

Automotive Regenerative Braking Market Top Player’s Company Profiles

  • Continental AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Aisin Seiki Co., Ltd. (Japan)
  • Denso Corporation (Japan)
  • Eaton Corporation (Ireland)
  • Torotrak (United Kingdom)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • SKF Group (Sweden)
  • Schaeffler AG (Germany)
  • Johnson Controls (Ireland)
  • Maxwell Technologies, Inc. (United States)
  • Skeleton Technologies (Estonia)
  • ADVICS Co., Ltd. (Japan)
  • Mazda Motor Corporation (Japan)
  • Wabtec Corporation (United States)

Automotive Regenerative Braking Market Recent Developments

  • In March 2023, Bosch launched a new regenerative braking system for electric vehicles that can recover up to 90% of braking energy.
  • In February 2023, Continental introduced a new integrated brake system for hybrid and electric vehicles that combines hydraulic and electric braking.
  • In January 2023, ZF Friedrichshafen launched a new regenerative braking system for commercial vehicles that can recover up to 40% of the braking energy.

Automotive Regenerative Braking Key Market Trends

  • Competitive Environment: As more businesses enter the car regenerative braking sector, competition is rising, spurring innovation and better accessibility.
  • Consumer Awareness: As customers look for solutions that support their sustainability goals, the demand for regenerative braking systems is rising as a result of increased consumer awareness of energy-efficient and environmentally friendly automobiles.

Automotive Regenerative Braking Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global automotive regenerative braking market analysis, an increasing emphasis on environmental sustainability and the requirement to lower carbon emissions in the automobile industry are the main factors driving the considerable expansion of the worldwide market for automotive regenerative braking. Regenerative braking systems are being used more often by manufacturers to comply with laws as governments across the world implement tighter pollution limits and fuel economy requirements. Regenerative braking has become an essential technique to improve energy economy and increase driving ranges as a result of the market for hybrid and electric vehicles' fast growth. Regenerative braking systems are becoming more appealing and affordable for a wider variety of vehicle segments because of improvements in energy recovery efficiency and cost reductions. The automobile industry is experiencing fierce rivalry, with both long-standing suppliers and recent entrants competing to innovate and raise prices.

Report Metric Details
Market size value in 2023 USD 7.62 Billion
Market size value in 2031 USD 28.98 Billion
Growth Rate 16%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Electric Regenerative Braking System (ERBS), Hydraulic Regenerative Braking System (HRBS), Kinetic Regenerative Braking System (KRBS)
  • Propulsion
    • BEV, PHEV, HEV
  • Vehicle
    • Two-wheelers, Passenger Cars, Commercial vehicles
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Continental AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Aisin Seiki Co., Ltd. (Japan)
  • Denso Corporation (Japan)
  • Eaton Corporation (Ireland)
  • Torotrak (United Kingdom)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • SKF Group (Sweden)
  • Schaeffler AG (Germany)
  • Johnson Controls (Ireland)
  • Maxwell Technologies, Inc. (United States)
  • Skeleton Technologies (Estonia)
  • ADVICS Co., Ltd. (Japan)
  • Mazda Motor Corporation (Japan)
  • Wabtec Corporation (United States)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Regenerative Braking Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Regenerative Braking Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Regenerative Braking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Regenerative Braking Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Regenerative Braking Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Regenerative Braking Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Automotive Regenerative Braking Market size was valued at USD 7.62 Billion in 2022 and is poised to grow from USD 8.84 Billion in 2023 to USD 28.98 Billion by 2031, at a CAGR of 16% during the forecast period (2024-2031).

The competitive landscape of the worldwide automobile regenerative braking market is defined by the active engagement of multiple existing companies and escalating rivalry among new entrants. Leading businesses in the industry include significant automakers and technology firms that work to obtain a competitive edge through innovation and tactical plans. Important businesses with a presence, like Bosch, Continental AG, and ZF Friedrichshafen AG, hold sizable market shares. 'Bosch (Germany)', 'Continental AG (Germany)', 'ZF Friedrichshafen AG (Germany)', 'Aisin Seiki Co., Ltd. (Japan)', 'Denso Corporation (Japan)', 'Eaton Corporation (Ireland)', 'Torotrak (United Kingdom)', 'Hitachi Automotive Systems, Ltd. (Japan)', 'SKF Group (Sweden)', 'Delphi Technologies (United Kingdom)', 'Schaeffler AG (Germany)', 'Johnson Controls (Ireland)', 'Maxwell Technologies, Inc. (United States)', 'Nissin Kogyo Co., Ltd. (Japan)', 'Skeleton Technologies (Estonia)', 'ADVICS Co., Ltd. (Japan)', 'Mazda Motor Corporation (Japan)', 'Wabtec Corporation (United States)'

To comply with strict emissions restrictions set by governments throughout the world, automakers are being forced to add regenerative braking systems to their automobiles.

Competitive Environment: As more businesses enter the car regenerative braking sector, competition is rising, spurring innovation and better accessibility.

Automotive regenerative braking systems have become very popular in North America, especially the United States. The region's dominance can be attributed to a number of factors, including an abundance of major automakers, an emphasis on sustainability, and strict fuel economy regulations. Regenerative braking technology has been added to many cars, especially those made in the United States, as part of automakers' commitment to reducing emissions and improving fuel economy. Additionally, while regenerative braking systems are necessary to improve the energy efficiency of electric and HEVs, the demand for electric vehicles (EV) and hybrid electric vehicles (HEV) in North America has increased their use.

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