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Automotive Regenerative Braking System Market worth $29.35 billion by 2030, growing at a CAGR of 8.61% - Exclusive Report by 360iResearch
Automotive Regenerative Braking System Market | 360iResearch
The Global Automotive Regenerative Braking System Market to grow from USD 16.46 billion in 2023 to USD 29.35 billion by 2030, at a CAGR of 8.61%.
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The automotive regenerative braking system recovers energy that would typically be wasted during braking and converts it into electrical energy, which can then be used to recharge the vehicle's battery, especially in hybrid and electric vehicles. The market has gained substantial attention due to increasing environmental concerns and stringent emissions regulations. Regenerative braking systems find their primary application in hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs). The growth of the automotive regenerative braking system market is driven by factors such as the rising demand for fuel-efficient and electric vehicles with the growing availability of supportive government policies and incentives for green vehicles. The increasing cost of fossil fuels and consumer awareness of environmental issues are significant drivers for market growth. The complexity in the integration of regenerative braking systems into vehicles hampers the market growth. There are also challenges related to the limited recovery efficiency under certain driving conditions and the need for consumer education regarding the benefits of regenerative braking systems. Rising advancements in materials and technology that offer greater efficiency and automotive regenerative braking system reliability is expected to create opportunities.
In the Americas, especially regenerative braking systems (RBS) are significantly driven by stringent emission regulations, growing environmental awareness, and high consumer purchasing power. The increasing sales of electric and hybrid vehicles (EVs/HEVs) in these countries reflect a shifting trend toward eco-friendly transportation. Innovations and investments in the automotive sector, coupled with incentives for EV/HEV buyers, underpin healthy market growth. Companies and researchers in North America are actively filing patents to enhance RBS efficiency, showcasing a robust innovation landscape. European Union countries have been at the forefront of regulating vehicle emissions and promoting green technologies. EU's stringent CO2 emission standards have paved the way for advanced technologies, including RBS. The high adoption rate of electric vehicles, supported by government subsidies and infrastructure development, is boosting the demand for regenerative braking systems. The presence of leading automotive manufacturers who consistently invest in R&D activities also contributes to dynamic market progress, reflected in numerous patents and the launch of vehicles equipped with cutting-edge RBS. The Middle East and Africa region has a promising market for regenerative braking systems, primarily driven by growing urbanization and the introduction of modern transportation solutions. Investments in public transportation and increasing awareness of environmental issues can potentially accelerate the adoption of RBS-equipped vehicles. The Asia-Pacific region, particularly China, Japan, and India, is witnessing exponential growth in the automotive RBS market due to expanding vehicle production and sales, coupled with increasing environmental consciousness among consumers. China holds a dominant position, supported by its substantial investments in the EV sector and government policies favoring green transportation. Japan, with its technologically advanced automotive industry, continues to innovate in RBS and holds significant patents in this field. India's market potential is underpinned by its growing economy and government initiatives to promote electric mobility.
Market Segmentation & Coverage:
This research report categorizes the Automotive Regenerative Braking System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Electric Vehicle, market is studied across Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV). The Hybrid Electric Vehicle (HEV) commanded largest market share of 34.52% in 2023, followed by Plug-In Hybrid Electric Vehicle (PHEV).
Based on System, market is studied across Battery, Flywheel, Hydraulics, and Ultra-capacitor. The Battery commanded largest market share of 28.03% in 2023, followed by Hydraulics.
Based on Vehicle Type, market is studied across Commercial Vehicle, Motorcycles, and Passanger Vehicle. The Commercial Vehicle commanded largest market share of 48.63% in 2023, followed by Passanger Vehicle.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.45% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Regenerative Braking System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Regenerative Braking System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Regenerative Braking System Market, highlighting leading vendors and their innovative profiles. These include Advics Co. Ltd., Aisin Corporation, Aptiv Global Operations Limited, BorgWarner Inc., Continental AG, Denso Corporation, Eaton Corporation PLC, Honda Motor Co., Ltd., Hyundai Mobis, Jaguar Land Rover Automotive PLC, JATCO Ltd., JTEKT Corporation, Magna International Inc., Mahindra & Mahindra Ltd., Marelli Holdings Co., Ltd., Maxwell Technologies Inc., Mazda Motor Corporation, Nidec Corporation, Punch Powertrain NV, Robert Bosch GmbH, Skeleton Technologies GmbH, Tesla, Inc., Toyota Motor Corporation, and ZF Friedrichshafen AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Regenerative Braking System Market, by Electric Vehicle
7. Automotive Regenerative Braking System Market, by System
8. Automotive Regenerative Braking System Market, by Vehicle Type
9. Americas Automotive Regenerative Braking System Market
10. Asia-Pacific Automotive Regenerative Braking System Market
11. Europe, Middle East & Africa Automotive Regenerative Braking System Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Regenerative Braking System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Regenerative Braking System Market?
3. What is the competitive strategic window for opportunities in the Automotive Regenerative Braking System Market?
4. What are the technology trends and regulatory frameworks in the Automotive Regenerative Braking System Market?
5. What is the market share of the leading vendors in the Automotive Regenerative Braking System Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Regenerative Braking System Market?
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