Press release
Emerging Trends to Drive Automotive Regenerative Braking Market Growth at 15.8% CAGR Through 2029
Automotive Regenerative Braking Market
Automotive Regenerative Braking Market Size Growth Forecast: What to Expect by 2025?
The market size for automotive regenerative braking has experienced rapid expansion in the past years. Projected growth from $6.56 billion in 2024 to $7.68 billion in 2025, with a compound annual growth rate (CAGR) of 17.1%, is anticipated. The remarkable expansion in the past is credited to the rise in environmental consciousness, the uptake of hybrid and electric vehicles, government policies on fuel efficiency, competition within the automotive industry, and the growing popularity of regenerative braking in motorsports.
How Will the Automotive Regenerative Braking Market Size Evolve and Grow by 2029?
In the coming years, the automotive regenerative braking market is predicted to experience significant growth, expanding to a value of $13.83 billion in 2029, with a compound annual growth rate (CAGR) of 15.8%. Factors contributing to this anticipated growth during the forecast period include the expansion of the electric vehicle market, tougher emission regulations, advancements in energy recovery systems, the application of autonomous vehicles, and increasing consumer demand for eco-friendly technologies. The forecast period will also see key trends such as technological evolution in braking systems, the incorporation of regenerative braking into traditional vehicles, the creation of lighter materials for brake systems, ongoing enhancements in energy conversion efficiency, and partnerships between vehicle manufacturers and tech providers.
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What Drivers Are Propelling the Growth of Automotive Regenerative Braking Market Forward?
The worldwide surge in electric vehicle sales is significantly driving the expansion of the automotive regenerative braking market. The regenerative braking system, which can be found in both electric vehicles and hybrid electric cars, rejuvenates the battery when braking. This system proves to be beneficial in electric vehicles to minimize energy wastage during braking. The surging global customer preference for electric vehicles is anticipated to upsurge the demand for new and avant-garde regenerative braking systems. For instance, the International Energy Agency (IEA), a French agency responsible for providing the global energy sector strategies, reports and data, revealed that over 2.3 million electric cars were sold in the first quarter of 2023, witnessing a significant 25% increase compared to the corresponding period of the previous year. As per the IEA Stated Policies Scenario (STEPS), the global forecast for electric car sales, considering the present policies and firm objectives, is elevated to 35% by 2030, an increase from the prior estimate of under 25%. Therefore, the continuous rise in electric vehicle sales worldwide is projected to reinforce the automotive regenerative braking market during the predicted period.
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Which Emerging Trends Are Transforming the Automotive Regenerative Braking Market in 2025?
The fostering of technological innovations is a salient trend rising to prominence in the auto regenerative braking sector. Firms present in the automotive regenerative braking systems arena are creating ingenious systems with improved energy recapture and boosting the travel distance of electric vehicles. To illustrate, in November 2023, ZF Friedrichshafen AG, a firm from Germany adept in technology, introduced the electric brake system. This ground-breaking dry brake-by-wire system gets rid of the requirement for hydraulic fluids completely, employing electric motors to create braking pressure for every wheel. This configuration not only boosts the effectiveness of braking but also lowers the expenses related to maintenance.
What Are the Key Segments in the Automotive Regenerative Braking Market?
The automotive regenerative braking market covered in this report is segmented -
1) By Type: Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System
2) By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
3) By Application: Two Wheelers, Passenger Cars, Commercial Vehicles, Other Applications
Subsegments:
1) By Electric Regenerative Braking System: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs)
2) By Hydraulic Regenerative Braking System: Hydraulic Brake Boosters, Accumulator-Based Systems
3) By Kinetic Regenerative Braking System: Flywheel Energy Storage Systems, Mechanical Kinetic Systems
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Who Are the Key Players Shaping the Automotive Regenerative Braking Market's Competitive Landscape?
Major companies operating in the automotive regenerative braking market include Aisin Seiki Co. Ltd., Continental AG, Hyundai Mobis Co. Ltd., Mazda Motor Corporation, Toyota Motor Corporation, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Porsche Automobil Holding SE, Advics Co. Ltd., Faurecia SA, Maxwell Technologies Inc., Eaton Corporation plc, Delphi Automotive plc, Magna International Inc., Punch Powertrain NV, Adgero SAS, Skeleton Technologies Group OU, Autoliv Nissin Brake Systems Co. Ltd., Magneti Marelli SpA, Bell Intercoolers Inc., Rad Co. Ltd., Valeo SA, Conflux Technology Pty Ltd., Zhejiang VIE Science & Technology Co Ltd., Federal-Mogul LLC, Akebono Brake Industry Co Ltd., Nisshinbo Brake Inc., Hitachi Automotive Systems Ltd.
What Geographic Markets Are Powering Growth in the Automotive Regenerative Braking Market?
North America was the largest region in the automotive regenerative braking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive regenerative braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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