Regenerative Braking System Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Car, Commercial Vehicle and Other Vehicle Types), System (Electric, Hydraulics, Spring and Other Systems), Propulsion Type (Battery Electric Vehicle (BEV), H

Regenerative Braking System Market Forecasts to 2028 – Global Analysis By Vehicle Type (Passenger Car, Commercial Vehicle and Other Vehicle Types), System (Electric, Hydraulics, Spring and Other Systems), Propulsion Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicles (PHEV)), Component and By Geography

According tStratistics MRC, the Global Regenerative Braking System Market is accounted for $6.03 billion in 2022 and is expected treach $11.30 billion by 2028 growing at a CAGR of 11.02% during the forecast period. Regenerative braking is a form of kinetic energy recovery technology that is used tconvert an object's kinetic energy intstored energy in order tslow down and improve fuel efficiency. The vehicle's energy storage unit stores this electric energy, which is used for a variety of functions including the start-stop system, headlights, and the interior electronics. Regenerative braking systems are used in automobiles textend a vehicle's range and improve fuel efficiency.

According tthe study published in EV-Columes.com, approximately 6.75 million units of electric vehicles were sold across the globe in 2021, a 108% increase from 2020.

Market Dynamics:

Driver:

Increasing demand for fuel-efficient vehicles

The primary driver fueling the expansion of the worldwide regenerative braking system market is the increase in demand for fuel-efficient automobiles. By transferring the kinetic energy from braking and either storing it in batteries or immediately using it, regenerative braking conserves energy. This reduces the energy required tproduce power, improving the vehicle's fuel economy. Other significant factors boosting demand for fuel-efficient automobiles are fluctuating fossil fuel prices. In many nations, the rising pollution levels brought on by rising carbon emissions are a cause for concern. Regarding vehicle carbon emissions, several nations have enacted strict rules. As a result, the demand for regenerative braking systems has increased.

Restraint:

Increase in the Overall Cost of Vehicles

The disc, flywheel, motor generators, batteries, Electronic Control Unit (ECU), and connecting cables are the major parts of regenerative braking systems. The weight of the vehicle as a whole is increased by this entire system. These additional parts alsraise the cost of repairs and upkeep, which reduces the ability of the market texpand and raises the fuel consumption of the vehicle.

Opportunity:

Adoption of innovative strategies

Brakes are an indispensable part of the vehicle’s security system. Many technologies are fighting tincrease safety and overall effectiveness in the interesting field of braking systems development in the car industry. Regenerative brakes are recognised as an essential component of moving towards autonomous vehicles in the future due tthe emission methods that are motivated by electrification and autonomy. In order tincrease the efficiency of the systems, power steering has replaced hydraulic steering systems in the modern day. Electric brake systems have alstaken the place of hydraulic ones in some cases.

Threat:

Less effective at slower speed

Since the vehicle has less kinetic energy at slower speeds, less braking effort is needed. As a result, the battery pack does not get much of a charge from the regenerative braking system, which receives less energy. The brake pedals on hybrid and electric vehicles dwork, but they may feel strange tyou if you're not used tthem. For example, you might experience temporary unresponsiveness or a pedal that does not crush as smoothly as you would expect. As it slows down, it might not provide as much stopping power as conventional brakes. In order tachieve the same effectiveness, brake pressure may need tbe increased for drivers of hybrid and electric vehicles.

Covid-19 Impact

Due tthe worldwide implementation of lockdown tstop the virus's propagation, the COVID-19 pandemic had a huge impact on the global automotive industry. The entire market demand for vehicles has been impacted. Nonetheless, the market for electric vehicles had tremendous growth, which was mirrored in the market for automotive regenerative braking sales. Due tthe growing popularity of electric vehicles, the company further anticipates raising output in the years tcome.

The commercial vehicle segment is expected tbe the largest during the forecast period

The commercial vehicle segment is estimated thave a lucrative growth. Regenerative automotive braking systems for commercial vehicles would face more competition as a result of government initiatives telectrify the fleet of public transportation vehicles. The size of the commercial vehicle fleet is expanding as a result of rising factory growth and the expansion of services. Commercial vehicles using alternative fuels would produce more emissions quickly if they were produced quickly.

The battery electric vehicle (BEV) segment is expected thave the highest CAGR during the forecast period

The battery electric vehicle (BEV) segment is anticipated twitness the fastest CAGR growth during the forecast period, due tthe high adoption rate of electric vehicles, along with improvements in battery technology and the incorporation of super capacitors tensure quick energy transfer during acceleration and deceleration processes, are the main factors driving the segment's growth. This has resulted in an increase in the use of systems that increase vehicle efficiency.

Region with highest share:

North America is projected thold the largest market share during the forecast period owing tthe increased sales of electric and hybrid vehicles in the region, North America held the greatest market shares. The presence of major market participants, strict pollution regulations, and more disposable income are a few factors contributing tthe increase in the sale of electric and hybrid vehicles in the area.

Region with highest CAGR:

Asia Pacific is projected thave the highest CAGR over the forecast period. Also, compared tother regions, it exhibits the quickest growth rate. Over the projected period, it is anticipated that this region's increasingly strict emission standards would increase demand for BEVs, PHEVs, and FCVs. The surge in battery demand in Asia Pacific was mostly driven by China.

Key players in the market

Some of the key players profiled in the Regenerative Braking System Market include Autoliv Inc., Continental AG, Maxwell Technologies, Inc., Toyota Motor Corporation, Hitachi Automotive Systems, Ltd., ZF Friedrichshafen AG, Brembo, Robert Bosch GmbH, ADVICS CO.,LTD., Skeleton Technologies, Tesla, Mazda Motor Corporation, DensCorporation, Eaton Corporation PLC, Delphi Automotive, Bosch Mobility Solutions, Hyundai Mobis and AIWAYS.

Key Developments:

In January 2022, Advics Co., Ltd. declared that its Electric Parking Brake (EPB) and the regenerative coordinated braking system would be supplied for the GAC Group's GS8 hybrid vehicle. This is the first time Advics’ products will be provided tthe GAC Group model, and the adoption was based on the company's market experience and performance in electrification products.

In April 2022, Brembwas announced as the main supplier of whole brake calliper assembly by Faraday Future Intelligent Electric Inc. for its FF 91 EV model. Brembwill be providing specialized caliper assembly for the FF 91. This will include assembly, pistons, calipers, and pads along with the electronic parking brake.

In June 2021, Mazda announced a joint venture. As part of its Sustainable Zoom-Zoom 2030 plan, with Toyota and Densdeveloping EVs, Mazda will invest 5% in a joint venture. The partnership includes developing powertrains, advanced braking systems, and platforms for their EVs.

In February 2019, Hyundai Mobis alsintroduced its new braking system, Integrated Mobis Electronic Brake (iMEB). Hyundai Mobis iMEB system generates 13% rise in brake responsiveness and 5% deduction in weight. This provides 30% cost saving in comparison tseparate hydraulic systems.

Vehicle Types Covered:
• Passenger Car
• Commercial Vehicle
• TwWheeler
• Electric Vehicle
• Other Vehicle Types

Systems Covered:
• Electric
• Hydraulics
• Spring
• Other Systems

Propulsion Types Covered:
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicles (PHEV)

Components Covered:
• Motor
• Battery
• Flywheel
• Ultra-Capacitors
• Other Components

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements