Automotive Regenerative Braking System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors Automotive Regenerative Braking System Market
The Automotive Regenerative Braking System Market size was valued at USD 5.44 billion in 2021 and is projected to grow from USD 6.0 billion in 2022 to USD 11.98 billion by 2029, exhibiting a CAGR of 9.02% during the forecast period of 2024-2032.
The COVID-19 pandemic extensively affected the car regenerative braking machine marketplace. Disruptions in supply chains, lockdowns, and a drop in automobile production brought about lower demand for car components, inclusive of regenerative braking structures. Many automakers delayed production schedules due to supply troubles and decreased staff availability. However, as economies get better and transportation name for rebounds, the market is regaining momentum. The pandemic moreover prolonged a shift in the direction of green motors, developing an indirect raise for regenerative braking technology. Manufacturers in the interim are focusing on techniques to decorate system efficiency and reliability, expecting a post-pandemic boom surge.
One of the current dispositions inside the automobile regenerative braking device marketplace is the combination of clever and related generation. This development involves systems that communicate with different car additives, bearing in mind optimized braking performance and strength healing. Advanced regenerative braking systems now characteristic software program program updates and connectivity that permit actual-time tracking and diagnostics, enhancing tool efficiency and lifespan. Additionally, with the upward push of electrical and self sustaining cars, regenerative braking systems are being tailored to maximise power recuperation, for that reason extending battery existence and range. This trend aligns with the automobile enterprise's broader shift in the direction of digitalization and car connectivity.
The primary driving thing for the increase of the auto regenerative braking tool market is the growing adoption of electrical and hybrid automobiles. As governments global implement stricter emission suggestions, clients and manufacturers alike are turning to green vehicle alternatives. Regenerative braking structures, that could convert kinetic power into usable electric powered energy, are critical for reinforcing the electricity efficiency of those vehicles. This functionality not handiest extends using variety however additionally reduces the car's widespread carbon footprint. The push towards sustainable transportation is predicted to keep and boost up the decision for for regenerative braking era in the coming years.
Comprehensive Analysis of Automotive Regenerative Braking System Market
The Automotive Regenerative Braking System Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by component, by propulsion, by vehicle. By Component includes Battery, Motor, ECU, Flywheel. By Propulsion include BEV, PHEV, FCEV. By Vehicle Type include Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV).
The Asia Pacific location lead the Automotive Regenerative Braking System share percentage via benefitting a marketplace size of USD 2.93 billion. This region's increasingly stringent emission norms are expected to fuel the demand for BEVs, PHEVs, and FCVs over the forecast period.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
January 2022: Advics Co., Ltd. Declared that its Electric Parking Brake (EPB) and the regenerative coordinated braking machine might be provided for the GAC Group's GS8 hybrid vehicle. This is the primary time Advics’ merchandise might be provided to the GAC Group model, and the adoption changed into based at the agency's market experience and performance in electrification merchandise.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion), Volume (Units)
By Component
Battery
Motor
ECU
Flywheel
By Propulsion
BEV
PHEV
FCEV
By Vehicle Type
Passenger Car (PC)
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
By Geography
North America (By Component, By Propulsion, and By Vehicle Type)
- U.S. (By Component, By Propulsion)
- Canada (By Component, By Propulsion)
- Mexico (By Component, By Propulsion)
- Germany (By Component, By Propulsion)
- France (By Component, By Propulsion)
- U.K. (By Component, By Propulsion)
- Rest of Europe (By Component, By Propulsion)
- China (By Component, By Propulsion)
- Japan (By Component, By Propulsion)
- India (By Component, By Propulsion)
- South Korea (By Component, By Propulsion)
- Rest of Asia Pacific (By Component, By Propulsion)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Mergers, Acquisitions, and Partnerships
- 4.2. Porter’s Five Forces Analysis
- 4.3. PEST Analysis
- 4.4. COVID-19 Impact
- 5. Global Regenerative Braking System Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Battery
- 5.2.2. Motor
- 5.2.3. ECU
- 5.2.4. Flywheel
- 5.3. Market Analysis, Insights and Forecast – By Propulsion
- 5.3.1. BEV
- 5.3.2. PHEV
- 5.3.3. FCEV
- 5.4. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.4.1. Passenger cars (PC)
- 5.4.2. Light Commercial Vehicles (LCV)
- 5.4.3. Heavy Commercial Vehicles (HCV)
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia pacific
- 5.5.4. Rest of the world
- 6. North America Regenerative Braking System Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Market Analysis, Insights and Forecast – By Component
- 6.1.1. Battery
- 6.1.2. Motor
- 6.1.3. ECU
- 6.1.4. Flywheel
- 6.2. Market Analysis, Insights and Forecast – By Propulsion
- 6.2.1. BEV
- 6.2.2. PHEV
- 6.2.3. FCEV
- 6.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.3.1. Passenger cars (PC)
- 6.3.2. Light Commercial Vehicles (LCV)
- 6.3.3. Heavy Commercial Vehicles (HCV)
- 6.4. Market Analysis – By Country
- 6.4.1. The U.S.
- 6.4.1.1. By Component
- 6.4.1.2. By Propulsion
- 6.4.2. Canada
- 6.4.2.1. By Component
- 6.4.2.2. By Propulsion
- 6.4.3. Mexico
- 6.4.3.1. By Component
- 6.4.3.2. By Propulsion
- 7. Europe Regenerative Braking System Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Market Analysis, Insights and Forecast – By Component
- 7.1.1. Battery
- 7.1.2. Motor
- 7.1.3. ECU
- 7.1.4. Flywheel
- 7.2. Market Analysis, Insights and Forecast – By Propulsion
- 7.2.1. BEV
- 7.2.2. PHEV
- 7.2.3. FCEV
- 7.3. Market Analysis, Insights and Forecast – By Propulsion
- 7.3.1. Passenger cars (PC)
- 7.3.2. Light Commercial Vehicles (LCV)
- 7.3.3. Heavy Commercial Vehicles (HCV)
- 7.4. Market Analysis – By Country
- 7.4.1. The U.K
- 7.4.1.1. By Component
- 7.4.1.2. By Propulsion
- 7.4.2. Germany
- 7.4.2.1. By Component
- 7.4.2.2. By Propulsion
- 7.4.3. France
- 7.4.3.1. By Component
- 7.4.3.2. By Propulsion
- 7.4.4. Rest of Europe
- 7.4.4.1. By Component
- 7.4.4.2. By Propulsion
- 8. Asia Pacific Regenerative Braking System Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Market Analysis, Insights and Forecast – By Component
- 8.1.1. Battery
- 8.1.2. Motor
- 8.1.3. ECU
- 8.1.4. Flywheel
- 8.2. Market Analysis, Insights and Forecast – By Propulsion
- 8.2.1. BEV
- 8.2.2. PHEV
- 8.2.3. FCEV
- 8.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.3.1. Passenger cars (PC)
- 8.3.2. Light Commercial Vehicles (LCV)
- 8.3.3. Heavy Commercial Vehicles (HCV)
- 8.4. Market Analysis – By Country
- 8.4.1. Japan
- 8.4.1.1. By Component
- 8.4.1.2. By Propulsion
- 8.4.2. China
- 8.4.2.1. By Component
- 8.4.2.2. By Propulsion
- 8.4.3. India
- 8.4.3.1. By Component
- 8.4.3.2. By Propulsion
- 8.4.4. South Korea
- 8.4.4.1. By Component
- 8.4.4.2. By Propulsion
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. By Component
- 8.4.5.2. By Propulsion
- 9. Rest of the World Regenerative Braking System Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Market Analysis, Insights and Forecast – By Component
- 9.1.1. Battery
- 9.1.2. Motor
- 9.1.3. ECU
- 9.1.4. Flywheel
- 9.2. Market Analysis, Insights and Forecast – By Propulsion
- 9.2.1. BEV
- 9.2.2. PHEV
- 9.2.3. FCEV
- 9.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.3.1. Passenger cars (PC)
- 9.3.2. Light Commercial Vehicles (LCV)
- 9.3.3. Heavy Commercial Vehicles (HCV)
- 10. Competitive Analysis
- 10.1. Key Industry Development
- 10.2. Global Market Ranking Analysis (2021)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Models & services, SWOT analysis, recent developments, strategies, financials (based on availability))
- 10.5.1. Robert Bosch (Germany)
- 10.5.1.1. Overview,
- 10.5.1.2. Models & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Denso Corporation (Japan)
- 10.5.2.1. Overview,
- 10.5.2.2. Models & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Continental AG (Germany)
- 10.5.3.1. Overview,
- 10.5.3.2. Models & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. ZF Friedrichshafen AG (Germany)
- 10.5.4.1. Overview,
- 10.5.4.2. Models & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. BorgWarner Inc. (U.S.)
- 10.5.5.1. Overview,
- 10.5.5.2. Models & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Hyundai Mobis (South Korea)
- 10.5.6.1. Overview,
- 10.5.6.2. Models & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Eaton (Ireland)
- 10.5.7.1. Overview,
- 10.5.7.2. Models & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. Brembo S.P.A. (Italy)
- 10.5.8.1. Overview,
- 10.5.8.2. Models & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Skeleton technologies GmbH (Germany)
- 10.5.9.1. Overview,
- 10.5.9.2. Models & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. Advices co. Ltd. (Japan)
- 10.5.10.1. Overview,
- 10.5.10.2. Models & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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