USD 7.55 billion
Automotive Regenerative Braking System Market Size, Share, Growth Analysis, By Components(Battery, Motor, ECU, and Flywheel), By Propulsion (PHEV, BEV, and FCEV), By System(Electric, Hydraulics, and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2170 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
91
|Figures:
76
Automotive Regenerative Braking System Market Insights
Automotive Regenerative Braking System Market size was valued at USD 8.72 Billion in 2023 and is poised to grow from USD 10.07 Billion in 2024 to USD 31.9 Billion by 2032, growing at a CAGR of 15.5% during the forecast period (2025-2032).
The market serves as an essential technology in modifying emissions and conserving fuel within traditional vehicles. This advanced braking system functions as an energy recovery mechanism, adapting the kinetic energy generated during the vehicle's checking into electrical energy.
The bound energy is then deposited in the vehicle's storage unit, powering internal electronics and simplifying various applications. Various energy storage units, including ultra-capacitors and batteries, are working in regenerative braking systems.
The competence of energy recovery, ranging from 5% to 20%, is contingent upon factors like the vehicle's stopping pattern and speed. Moreover, the regenerative braking system is instrumental in generating electricity by taking momentum loss during brake application.
The automotive sector is witnessing sharp demand globally, leading to enlarged vehicle sales and production. Though, this surge in activity has also contributed to escalating greenhouse gas emissions. Governments worldwide are therefore pressuring automakers to adopt advanced technologies that can limit fuel consumption and consume gas emissions.
This has the potential to propel the growth of the Market. The market's expansion is further driven by the rising demand for regenerative braking systems and the growing adoption of these systems, aimed at reducing vehicular emissions and ornamental fuel efficiency.
Anticipated to surpass 75 million by the conclusion of the projected period in 2032, the demand for battery electric vehicle propulsion is poised to meaningfully influence the growth of the regenerative braking systems market. On the supplier front-facing side, there is a distinguished potential for industrial growth in regenerative braking systems, chiefly driven by advancements in technology aimed at enhancing vehicle economy and performance.
The transformation of a vehicle's mechanical energy into electricity, facilitated by regenerative braking motor generators, plays an essential role in spreading battery life and promoting energy recovery in cars. This technological development is expected to be a key driver in fostering the expansion of the market throughout the specified period.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Battery
Fastest Growth
Battery
Growth Rate
15.5% CAGR
Global Automotive Regenerative Braking System Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Regenerative Braking System Market Segmental Analysis
Global automotive regenerative braking system market is segmented based on component, propulsion, system and region. By component, the market is segmented into battery, motor, ECU, and flywheel. By propulsion, the market is segmented into PHEV, BEV, and FCEV. By system, the market is segmented into electric, hydraulics, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Component
The battery segment occurs as the swiftest-expanding sector, driven by the automotive industry's swift technological advancements in batteries and the increasing importance of Fuel Cell Vehicles (FCVs), Battery Electric Vehicles (BEVs), and Plug-in Hybrid Electric Vehicles (PHEVs). The surge in global transportation claims further intensifies the need for batteries.
The Motor segment is the second fastest-growing sector of the market. This enhanced growth is attributed to the development of lightweight material casings intended to enhance motor efficiency and braking systems. Remarkably, innovations like the use of aluminum casings contribute to a lightweight structure, confirming high thermal conductivity and operational efficiency in motors.
Analysis By Propulsion
The Battery Electric Vehicle (BEV) segment has the largest market share. This dominance is attributed to government subsidies, purchase incentives, and the imposition of stringent emission standards that service fully-electric vehicles. In Particular, substantial purchase incentives for BEVs, prodigious those for Plug-in Hybrid Electric Vehicles (PHEVs), are observed in countries like Germany, the U.K., and France. In the United States, BEVs constituted around 75% of new Electric Vehicle (EV) sales, marking a 55% increase from 2016. Likewise, in China, BEVs accounted for an impressive 82% of recent EV sales, surpassing 2.9 million in 2021.
The Plug-in Electric Vehicles (PEVs) arise as a growing segment in the market. Anticipated to possess an average battery capacity of around 15 kWh in 2021, PHEVs offer knowingly reduced charging times, especially when utilizing Level 1 or Level 2 chargers. The rising popularity of Sport Utility Vehicles (SUVs) further contributes to the heightened demand for these systems.
Global Automotive Regenerative Braking System Market By Components
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Automotive Regenerative Braking System Market Regional Insights
Asia Pacific is poised for continuous growth throughout the forecast period, exhibiting the maximum growth rate. The region's assurance to increasingly stringent emission norms is expected to drive the demand for BEVs, PHEVs, and FCVs. China, in particular, played an essential role in the surge in battery demand in Asia Pacific during 2021, outstanding global electric vehicle sales in 2020 by selling over 3.3 million electric vehicles.
North America stands as the growing region in the market. The increasing demand for secure and stress-free vehicle driving, coupled with an emphasis on efficient travel, drives the adoption of regenerative braking systems in electric vehicles across the region. The government is responsible for applying autonomous vehicles by providing funding and programs.
Global Automotive Regenerative Braking System Market By Region
- Largest
- Fastest
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Automotive Regenerative Braking System Market Dynamics
Drivers
Energy Efficiency and Environmental Sustainability
- The market is vigorously pouring progress in energy efficiency and development environmental sustainability within the industry. Comprehensive the conversion of kinetic energy into functioning electrical energy during braking, these systems play a pivotal role in attractive overall energy efficiency in vehicles. The recovered energy not only extends the lifespan of batteries but also reduces reliance on conventional fuel sources, positioning seamlessly with the imperative for sustainable and environmentally friendly transportation solutions. The integration of regenerative braking systems reflects a broader commitment within the automotive sector to mitigate carbon emissions and mitigate the environmental footprint.
Government Regulations and Emission Standards
- Governments globally have been imposing rigorous environmental regulations aimed at extenuating vehicular emissions and fostering sustainability within the automotive sector. Regulatory authorities are imposing stringent emission standards, convincing automakers to explore and adopt innovative technologies such as regenerative braking systems to enhance fuel efficiency and diminish carbon footprints. These regulatory measures are vital in addressing climate change and combating air pollution, convincing the automotive industry to channel investments into environmentally friendly solutions.
Restraints
Infrastructure Limitations
- The successful integration of regenerative braking systems hinges meaningfully on the presence of a robust charging infrastructure, surrounding charging stations and grids capable of accommodating the heightened demand from electric vehicles. Inadequate charging infrastructure in numerous regions raises concerns about the practicality and suitability of relying on regenerative braking systems. Additionally, the existing disparity in charging standards and technologies presents a challenge, accentuating the importance of standardized and generally compatible charging solutions for the seamless incorporation of regenerative braking technology across a variety of vehicle models.
Weight and Space Constraints
- The incorporation of regenerative braking technology demands the addition of supplementary components like energy storage units and advanced control systems, resulting in an overall increase in vehicle weight. This presents a difficulty for automakers pointing to optimize vehicle performance and improve fuel efficiency. Moreover, the spatial constraints within vehicles pose challenges in cooperating with these essential components without compromising passenger or cargo space. Striking a balance between the advantages of regenerative braking, surrounding energy recovery and enhanced fuel economy, and the limitations imposed by considerations of weight and space, emerges as a crucial aspect in the design and engineering of modern vehicles seeking to integrate this innovative braking technology.
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Automotive Regenerative Braking System Market Competitive Landscape
The competitive landscape of the automotive regenerative braking system market is characterized by intense rivalry among key players striving for market prominence. Additionally, collaborations, partnerships, and strategic acquisitions are common strategies employed by these major players to expand their product portfolios and enhance their global market presence. The market also witnesses the emergence of innovative startups and niche players, contributing to the diversity and dynamism of the competitive environment. As the automotive industry undergoes rapid electrification, the competitive landscape is expected to witness further evolution with a focus on technological innovation, cost efficiency, and sustainability, as companies vie for leadership positions in the growing market for regenerative braking systems.
Top Player’s Company Profiles
- Bosch
- Continental AG
- ZF Friedrichshafen AG
- Aisin Seiki Co., Ltd.
- Delphi Technologies
- Eaton Corporation
- DENSO Corporation
- Magna International Inc.
- SKF Group
- Murata Manufacturing Co., Ltd.
- Akebono Brake Industry Co., Ltd.
- Faurecia
- Hitachi Automotive Systems
- Hyundai Mobis
- Schaeffler AG
- Wabco Holdings Inc.
- Advics Co., Ltd.
- BorgWarner Inc.
- Knorr-Bremse AG
- Toshiba Corporation
Recent Developments
- In March 2024, Mitsubishi Motors Corporation announced the global debut of new hybrid electric vehicle (HEV) models of the Xpander and Xpander Cross crossover MPVs. At its core, the newly developed system features EV driving, hybrid driving and regenerative braking, working together to deliver high fuel efficiency and an exhilarating drive by automatically switching to the most optimal driving mode based on driving conditions and battery charge level.
- In July 2023, mobility product specialist Pride Mobility announced the launch of the Pursuit 2.0, a “cutting-edge” mobility solution offering a blend of power, comfort, and safety. One of the standout features of the Pursuit 2.0 Mobility Scooter is its regenerative braking system, advanced technology which not only ensures optimal energy efficiency but also provides smooth and reliable stopping power for enhanced safety, enabling the end user to navigate through various conditions with confidence.
- In June 2023, Tevva, one of the world’s leading British technology companies and truck manufacturers, merged with the ZF Group in Germany bringing regenerative technology to the automotive world. Tevva, which is on the cutting edge of engineering innovation, recently completed the successful development of a regenerative braking system on its 7.5t battery-electric truck.
Automotive Regenerative Braking System Key Market Trends
Efficiency Improvements in Braking Control Algorithms
- Efficiency improvements in braking control algorithms play a pivotal role in enhancing the performance of automotive regenerative braking systems. These algorithms are designed to optimize the coordination between traditional friction brakes and regenerative braking mechanisms, ensuring seamless transitions and maximizing energy recovery during deceleration. Advanced control algorithms contribute to increased efficiency by precisely modulating the distribution of braking forces between the regenerative system and traditional brakes based on real-time factors such as vehicle speed, battery state of charge, and driving conditions. By leveraging sophisticated algorithms, automakers can fine-tune regenerative braking responses, minimizing energy loss and maximizing the capture of kinetic energy during braking events.
Automotive Regenerative Braking System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams 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 analysis, the automotive regenerative braking system market is experiencing robust growth driven by a confluence of factors shaping the industry. With an increasing focus on sustainability and stringent environmental regulations, the demand for regenerative braking systems has surged. These systems, which capture and convert kinetic energy during braking into usable electrical energy, not only enhance vehicle efficiency but also contribute to reduced emissions. The market is witnessing a shift towards electrification, with Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Fuel Cell Vehicles (FCVs) gaining prominence. Asia Pacific, led by countries such as China, has emerged as a key hub for market growth, driven by rising electric vehicle sales and stringent emission norms. Major players in the market, such as Bosch, Continental AG, and ZF Friedrichshafen AG, are actively engaged in technological advancements, further fueling the adoption of regenerative braking systems across various automotive segments. The trend towards sustainable transportation and the continual pursuit of energy-efficient solutions are expected to propel the automotive regenerative braking system market in the foreseeable future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.55 billion |
| Market size value in 2031 | USD 27.62 billion |
| Growth Rate | 15.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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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 System 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
- Exhibit: Impact analysis of DROC, 2021
- 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 System 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Automotive Regenerative Braking System 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 System 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 System 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 System 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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