Global Automotive Regenerative Braking Market

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

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

Global 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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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).

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. '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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