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Global Automotive Regenerative Braking Market Size, Share, and Forecast Analysis 2025-2029
Automotive Regenerative Braking Market Size
What Are the Automotive Regenerative Braking Market Size Forecast for 2025?
The expansion of the automotive regenerative braking market has been swift in the past few years. A leap from $6.56 billion in 2024 to $7.59 billion in 2025 is anticipated, signaling a compound annual growth rate (CAGR) of 15.8%. The surge in growth during the historical period can be credited to factors such as an enhanced awareness of the environment, increased adoption of hybrid and electric vehicles, government fuel efficiency regulations, competitiveness in the automotive industry, and the escalating popularity of regenerative braking in motorsports.
What Is the Market Size Outlook for Automotive Regenerative Braking Until 2029?
In the coming years, the market size of automotive regenerative braking is poised for rapid expansion, expected to reach $13.39 billion in 2029 with a compound annual growth rate (CAGR) of 15.2%. The anticipated growth in this forecast period can be credited to multiplying electric vehicle market, stricter emission regulations, developments in energy recovery systems, the incorporation of autonomous vehicles, and rising consumer demand for green technologies. Future trends projected during the forecast include progressive advancements in brake systems, the amalgamation of regenerative braking in traditional vehicles, designing of lightweight materials for brake systems, an ongoing enhancement in energy transformation efficiency, and collaborative efforts between car manufacturers and technology providers.
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What Are the Major Factors Driving Demand in the Automotive Regenerative Braking Market?
The global rise in electric vehicle sales is a major driver in stimulating the growth of the automotive regenerative braking market. Both electric vehicles and plug-in hybrid electric vehicles employ a regenerative braking system that recharges the battery when braking, a technology that curbs energy wastage during this process. Owing to the global surge in consumer purchase of electric vehicles, there is a subsequent expected demand for innovative regenerative braking systems. Evidence of this trend comes from July 2023 data provided by the France-based International Energy Agency (IEA) which functions as a worldwide influencer on energy sector policy recommendations, analysis, and data. Over 2.3 million electric cars were recorded to have been sold in the first quarter of 2023, marking a 25% increase from the comparative period the previous year. According to the IEA Stated Policies Scenario (STEPS), based on existing policies and definitive objectives, the worldwide projection of electric car sales share has ascended to 35% come 2030 - an augmentation from its previous standing at less than 25%. Consequently, the global uptake in electric vehicle sales is expected to amplify the automotive regenerative braking market during the forecast period.
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How Are End-Use Segments Shaping the Automotive Regenerative Braking Market Outlook?
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
What Are the Strategic Trends Transforming the Automotive Regenerative Braking Market Landscape?
The upsurge of technological innovation is a primary trend gaining momentum in the automotive regenerative braking market. Firms in this market are creating novel systems with superior energy recovery, and in turn, enhancing the driving range of electric vehicles. For example, in November 2023, ZF Friedrichshafen AG, a technology firm based in Germany, introduced an electric brake system. This cutting-edge dry brake-by-wire system negates the need for hydraulic fluids by using electric motors to create braking force at each wheel. This design not only boosts braking efficiency, but also cuts down on maintenance costs.
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Who Are the Prominent Companies in the Automotive Regenerative Braking Market by ?
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.
Which Region Is Expected to See the Highest CAGR 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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