Automotive Regenerative Braking System Market Report 2024 (Global Edition)

Global Automotive Regenerative Braking System Market Report 2024 Market Size Split by Vehicle type (Two-Wheeler, Passenger Car, Commercial Vehicle), by System (Electric, Hydraulics, Others), by Propul...

Automotive Regenerative Braking System Market Report Description

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Automotive Regenerative Braking System Market Insights Video

Competitive Landscape of the Automotive Regenerative Braking System Market

The competitive scenario in the automotive regenerative braking system market is dominated by key players such as Bosch, Continental AG, DVICS CO. LTD, AISIN Corporation, DENSO CORPORATION, and robert bosch gmbh, driving innovation paths. Increasing electronic vehicle adoption in the world is proportionately raising demand for regenerative braking systems because such systems increase energy efficiency and lower the level of emissions. It is also getting an impetus from the technological changes that are taking place in improved integration of battery systems and vehicle control. However, high upfront costs and general consumer unawareness about the advantages of the system prevail as critical challenges.

In February 2023, Continental has launched a new integrated brake system for hybrid and electric vehicles that combines hydraulic and electronic brakes. (Source: https://www.continental.com/en/press/press-releases/mk-c1-brake-system/) In January 2023, ZF Friedrichshafen unveiled a new regenerative braking system for commercial vehicles that can recover up to 40% of braking energy. (Source: https://press.zf.com/press/en/releases/release_23616.html) In March 2023, Bosch introduced a new regenerative braking system for electric vehicles that can recover up to 90% of braking energy. (Source: https://www.bosch-mobility.com/en/solutions/driving-safety/regenerative-braking-systems/)

Top Companies Market Share in Automotive Regenerative Braking System Industry: (In no particular order of Rank)

• Faurecia
• ZF Friedrichshafen AG
• Hyundai Mobis Co Ltd
• ADVICS CO. LTD
• AISIN Corporation
• DENSO CORPORATION
• robert bosch gmbh
• Mazda Motor Corporation
• Maxwell Technologies
• Continental AG
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Regional Analysis of the Automotive Regenerative Braking System Market

Which Region Dominates the Automotive Regenerative Braking System Market in 2024?

According to Cognitive Market Research, North America currently dominates the Automotive Regenerative Braking System market, and the region is expected to have significant growth during the projected period. The growing desire for safe and stress-free vehicle driving, along with an emphasis on efficient travel, is driving the adoption of regenerative braking systems in electric vehicles throughout the region. The government is responsible for implementing self-driving vehicles by providing financing and programs.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's commitment to increasingly severe emission standards is likely to boost demand for BEVs, PHEVs, and FCVs. China, in particular, played a critical role in the spike in battery demand in Asia Pacific throughout 2024, outselling global electric vehicle sales in 2023 by more than 3.3 million units.

The current report Scope analyzes Automotive Regenerative Braking System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Regenerative Braking System Market

According to Cognitive Market Research, the global Automotive Regenerative Braking System market size was estimated at USD 6251.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2500.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Automotive Regenerative Braking System market with a market size of USD 1972.88 million in 2024 and is projected to grow at a CAGR of 21.2% during the forecast period. The U.S. increasing the adoption of electric and hybrid vehicles.
• The Canada Automotive Regenerative Braking System market had a market share of USD 300.06 million in 2024 and is projected to grow at a CAGR of 22.2% during the forecast period. Canadian government is implementing various incentives and policies.
• The Mexico Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 21.9% during the forecast period, with a market size of USD 227.54 million in 2024.

Europe Automotive Regenerative Braking System Market

According to Cognitive Market Research, the global Automotive Regenerative Braking System market size was estimated at USD 6251.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1875.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.

• The United Kingdom Automotive Regenerative Braking System market had a market share of USD 315.06 million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. In the UK, Automotive Regenerative Braking System sales witness an upswing due to the increasing emphasis on sustainability and reducing carbon emissions.
• The France Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 172.53 million in 2024.
• According to Cognitive Market Research, the German Automotive Regenerative Braking System market size was valued at USD 371.32 million in 2024 and is projected to grow at a CAGR of 21.9% during the forecast period. In Germany, Automotive Regenerative Braking System surged due to the strong commitment to environmental sustainability and the automotive industry's focus on innovation.
• The Italy Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 21.1% during the forecast period, with a market size of USD 161.28 million in 2024.
• The Russia Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 290.68 million in 2024.
• The Spain Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 20.8% during the forecast period with a market size of USD 153.78 million in 2024
• The Luxembourg Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 21.8% during the forecast period, with a market size of USD 58.14 million in 2024.
• The Portugal Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 21.5% during the forecast period, with a market size of USD 39.38 million in 2024.
• The Greece Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 22.0% during the forecast period, with a market size of USD 22.50 million in 2024.
• The Rest of Europe's Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 20.4% during the forecast period, with a market size of USD 290.68 million in 2024.

Asia Pacific Automotive Regenerative Braking System Market

According to Cognitive Market Research, the global Automotive Regenerative Braking System market size was estimated at USD 6251.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1437.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive Regenerative Braking System market size was valued at USD 647.00 million in 2024 and is projected to grow at a CAGR of 24.7% during the forecast period. Automotive Regenerative Braking System surged in China due to the rapid growth of the electric vehicle (EV) market.
• The Japan Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 198.41 million in 2024.
• The India Automotive Regenerative Braking System market had a market share of USD 172.53 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. India's increased demand for consumer brake technology.
• The South Korean Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 24.3% during the forecast period, with a market size of USD 143.78 million in 2024.
• The Australian Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 24.9% during the forecast period, with a market size of USD 74.76 million in 2024.
• The South East Asia Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 26.2% during the forecast period, with a market size of USD 99.21 million in 2024.
• The Rest of Asia Pacific Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 25.0% during the forecast period, with a market size of USD 102.08 million in 2024.

South America Automotive Regenerative Braking System Market

According to Cognitive Market Research, the global Automotive Regenerative Braking System market size was estimated at USD 6251.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 312.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive Regenerative Braking System market size was valued at USD 133.78 million in 2024 and is projected to grow at a CAGR of 23.2% during the forecast period. Automotive Regenerative Braking System flourished in Brazil due to rising awareness among consumers regarding environmental issues.
• Argentina's Automotive Regenerative Braking System market had a market share of USD 52.51 million in 2024 and is projected to grow at a CAGR of 23.5% during the forecast period. Argentina's rising personal disposable income .
• Colombia Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 22.4% during the forecast period, with a market size of USD 27.82 million in 2024.
• Peru Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 22.8% during the forecast period, with a market size of USD 25.63 million in 2024.
• Chile Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 22.9% during the forecast period, with a market size of USD 22.50 million in 2024.
• The Rest of Latin America's Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 21.7% during the forecast period, with a market size of USD 50.32 million in 2024.

Middle East and Africa Automotive Regenerative Braking System Market

According to Cognitive Market Research, the global Automotive Regenerative Braking System market size was estimated at USD 6251.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 125.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2031..

• The GCC Countries Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 23.7% during the forecast period, with a market size of USD 53.51 million in 2024. Automotive Regenerative Braking System sales flourish due to the presence of major market players.
• The Egypt Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 23.2% during the forecast period, with a market size of USD 13.13 million in 2024.
• The South Africa Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 23.9% during the forecast period, with a market size of USD 19.75 million in 2024. Automotive Regenerative Braking System sales flourished in South Africa due to technological advancements.
• The Turkey Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 22.4% during the forecast period, with a market size of USD 10.75 million in 2024.
• The Nigeria Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 22.0% during the forecast period, with a market size of USD 13.13 million in 2024.
• The Rest of the MEA Automotive Regenerative Braking System market is projected to witness growth at a CAGR of 21.9% during the forecast period, with a market size of USD 14.75 million in 2024.

Automotive Regenerative Braking System Market Analysis

How are Segments Performing in the Global Automotive Regenerative Braking System Market?

Automotive Regenerative Braking System Market Vehicle type Segment Analysis

According to Cognitive Market Research, In the global market for vehicle regenerative braking, passenger cars have traditionally dominated. Passenger vehicles are one of the largest automotive sectors, and many of them use regenerative braking systems to improve energy efficiency and reduce pollution. These technologies are now widely available in both traditional and hybrid passenger vehicles

Two-wheelers remain the fastest-growing market for vehicle regenerative braking. Although two-wheelers, such as electric scooters and motorcycles, have traditionally lagged behind passenger vehicles in the adoption of regenerative braking technology, market factors are rapidly changing. Regenerative braking systems are becoming increasingly widespread as the demand for electric two-wheelers rises, as does the industry's need for greater energy efficiency. Regenerative braking is mostly utilized on electric motorcycles and scooters to improve overall performance and range. Electric two-wheelers equipped with regenerative braking systems are becoming increasingly popular among environmentally conscious individuals.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Regenerative Braking System Industry. Request a Free Sample PDF!

Automotive Regenerative Braking System Market System Segment Analysis

According to Cognitive Market Research, the electric category now dominates the market for automotive regenerative braking systems. This is mostly due to the growing popularity of electric and hybrid vehicles, which use electric regenerative braking systems to recover energy while braking and enhance overall efficiency.

The hydraulic segment is predicted to increase at the fastest rate. This development can be due to advances in hydraulic technologies that improve braking performance and energy recovery.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Regenerative Braking System Propulsion type Segment Analysis

Automotive Regenerative Braking System Market Propulsion type Segment Analysis

According to Cognitive Market Research, Hybrid Electric Vehicles (HEVs) have traditionally dominated the global automotive regenerative braking sector. HEVs, which combine an internal combustion engine and an electric motor, have regenerative braking systems that help to recharge the battery while the vehicle is slowing and stopping. For many years, these technologies have been a standard feature of HEVs, contributing to their market dominance

Plug-in Hybrid Electric Vehicles (PHEVs) are now the fastest-growing segment. HEVs and PHEVs are similar in several ways, but PHEVs have larger battery packs, allowing them to travel further on electric power alone. More complex regenerative braking systems are necessary to properly collect and store energy over this longer electric-only driving range. The need for regenerative braking systems in PHEVs is expected to develop rapidly as PHEV adoption increases due to rising consumer interest in electric mobility and stricter pollution regulations.

• BEV
• HEV
• PHEV

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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