Global Automotive Regenerative Braking Market Overview And Prospects – Includes Automotive Regenerative Braking Market Size
Learn about the global automotive regenerative braking market through The Business Research Company, which provides information on automotive regenerative braking market size, automotive regenerative braking market drivers and restraints, automotive regenerative braking market players, the COVID-19 impact on the automotive regenerative braking market, and more.
The global automotive regenerative braking market is expected to grow from $4.17 billion in 2021 to $4.72 billion in 2022 at a compound annual growth rate (CAGR) of 13.20%. The global automotive regenerative braking market size is expected to reach $8.90 billion in 2026 at a CAGR of 17.15%.
The increase in sales of electric vehicles across the globe is contributing to the growth of the automotive regenerative braking market.
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The automotive regenerative braking market consists of sales of automotive regenerative braking by entities (organizations, sole traders, and partnerships) that refer to a type of kinetic energy recovery system designed to transfer the kinetic energy of an object in motion into stored energy to slow the vehicle down and increase fuel efficiency. This electric energy is stored in the energy storage unit of the vehicle, and it is utilized in various applications of the vehicle, such as headlights, start-stop function, and powering the interior electronics. Automotive regenerative braking devices are used to increase fuel efficiency and the range of the vehicle.
Global automotive regenerative braking market segments include:
By Type: Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System
By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
By Application: Two Wheelers, Passenger Cars, Commercial Vehicles, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global automotive regenerative braking market in 2021
Technological advancement is a key trend gaining popularity in the automotive regenerative braking market. The companies operating in the automotive regenerative braking systems market are developing innovative systems with greater energy recovery and increasing the driving range of electric vehicles.
Major Market Players: Aisin Seiki Co. Ltd., Continental AG, Hyundai Mobis Co. Ltd., Mazda Motor Corp., Toyota Motor Corporation, ADVICS CO., LTD., Faurecia, Autoliv Inc., Punch Powertrain, Aisin Seiki, TRW, Eaton Corporation PLC, ZF Friedrichshafen AG, Bosch Mobility Solutions, and Punch Powertrain.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Automotive Regenerative Braking Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides automotive regenerative braking market overviews, analyzes and forecasts market size, share, automotive regenerative braking market players, automotive regenerative braking market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive regenerative braking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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