Automotive Regenerative Braking Market Report

Market Insights

Automotive regenerative braking market is likely to grow from USD 5.71 billion in 2021 to USD 21.25 billion by 2028 at an impressive CAGR of 20.33% during the forecast period of 2022-2028.

What is automotive regenerative braking system?

The automotive regenerative braking system is an energy recovery system which converts the vehicle’s kinetic energy produced during deceleration into electrical energy. The converted energy is stored in the vehicle energy storage unit and is utilized for other applications such as start-stop function, headlights, and vehicle's interior electronics. The regenerative braking system employs different types of energy storage units such as flywheel, batteries, and ultra-capacitors. The regenerative braking system is widely used in the hybrid and battery electric vehicles to increase the fuel efficiency and range of vehicles. Increasing demand for fuel efficient vehicles, increasing efforts to reduce carbon emissions and rising cost of fuels, are forcing auto manufacturers to develop energy-efficient systems.

Market Drivers

The prime factors contributing to the demand for automotive regenerative braking is mainly the increasing demand for fuel efficient vehicles, increasing efforts to reduce carbon emissions, and rising cost of fuels, which led the automakers to develop energy efficient systems. Wide adoption of hybrids and electric vehicles, along with the sales of electric vehicles has boosted the growth of the market.

Wish to get a free sample? 

Segment Analysis

By Propulsion Type

Based on the propulsion type, the market is segmented as battery electric vehicle (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicle (HEV). The BEV segment held the largest share of the market in 2021 and is expected to register the fastest growth during the forecast period. The segment is mainly driven by the high adoption rate of electric vehicles, along with advancement in battery technology and integration of supercapacitors to ensure rapid energy transfer in acceleration and deceleration processes that led to the increasing implementation of systems to enhance vehicle efficiency.

By Vehicle Type

Based on the vehicle type, the automotive regenerative braking market is segmented as two wheelers, passenger cars, and commercial vehicles. The commercial vehicle segment dominates the market, owing to the rapidly increasing demand for long-haul commercial vehicles. For extended driving range, the installation of regenerative brakes in commercial vehicles is increasing due to limited availability of charging stations.

By Region

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the presence of multiple electric vehicle manufacturers such as SAIC, Honda, Toyota, Mitsubishi, and BAIC. Strict laws and regulations in the region focused to reduce environmental pollution is likely to further boost the demand for automotive regenerative braking market during the forecast period.

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The automotive regenerative braking market is segmented into the following categories. 

By Product Type:

• Electric Regenerative Braking System (ERBS)
• Hydraulic Regenerative Braking System (HRBS)
• Kinetic Regenerative Braking System (KRBS)

By Propulsion Type:

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicles (PHEV)
• Hybrid Electric Vehicle (HEV)

By Vehicle Type:

• Two Wheelers
• Passenger Cars
• Commercial Vehicles

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major automotive regenerative braking manufacturers are-

• ZF Friedrichshafen AG
• Continental AG
• Delphi Automotive
• Denso
• Punch Powertrain
• Bosch Mobility Solutions
• Eaton Corporation Plc
• Aisin Seiki
• Hyundai Mobis
• Magna International.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by vehicle type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.