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Automotive Regenerative Braking Market Is Expected To Experience Incremental Growth In The Forecast Period 2023-2032
Automotive Regenerative Braking Market
Automotive Regenerative Braking Market Size, Growth Rate, And Forecast
The global automotive regenerative braking market size grew from $4.8 billion in 2022 to $5.76 billion in 2023 at a compound annual growth rate (CAGR) of 20.1%. The automotive regenerative braking market size is expected to grow to $11.11 billion in 2027 at a CAGR of 17.8%..
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Automotive Regenerative Braking Market Drivers
The increase in sales of electric vehicles across the globe is contributing to the growth of the automotive regenerative braking market. A regenerative braking system is found in both electric vehicles and plug-in hybrid electric vehicles and recharges the battery during braking. This technology is used in electric vehicles to mitigate energy loss during braking. The increase in the acquisition of electric vehicles by customers across the globe is expected to increase the demand for new and innovative regenerative braking systems.
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Automotive Regenerative Braking Market Segments
• 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, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automotive regenerative braking market.
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Automotive Regenerative Braking Market Key Players
Major competitors in the automotive regenerative braking market include 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.
The Business Research Company's "Global Automotive Regenerative Braking Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Regenerative Braking Market Include:
1. Executive Summary
2. Automotive Regenerative Braking Market Characteristics
3. Automotive Regenerative Braking Market Trends And Strategies
4. Automotive Regenerative Braking Market - Macro Economic Scenario
5. Automotive Regenerative Braking Market Size And Growth
……
26. Africa Automotive Regenerative Braking Market
27. Automotive Regenerative Braking Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Regenerative Braking Market
29. Automotive Regenerative Braking Market Future Outlook And Potential Analysis
30. Appendix
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