This report provides exclusive insights into the COVID-19 impact on the Automotive Regenerative Braking System Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Automotive Regenerative Braking System Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Automotive Regenerative Braking System Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on the automotive regenerative braking system market
provides an in-depth analysis of segments and sub-segments in the global as
well as regional automotive regenerative braking system market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional automotive regenerative braking system market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global automotive regenerative
braking system market. According to the report, the global automotive
regenerative braking system market is projected to grow at a CAGR of 11.5% over
the forecast period of 2019-2025.
The automotive sector has gone
through a series of changes over the past century. As technology develops the
vehicles and vehicle components have also evolved drastically. One of the major
changes observed in the automotive sector for the past few decades is the
evolution of hybrid vehicles. Fluctuating prices of fossil fuel and a rise in
pollution levels due to carbon emissions have enforced the automakers to switch
to eco-friendlier options. Thus, hybrid and electric vehicles are gaining
popularity among the automakers and consumers alike. Subsequently, the
auto-components required for these vehicles are also gaining traction in the
The rise in demand for fuel-efficient vehicles is the major driving factor for the growth of the global
regenerative braking system market. The regenerative braking saves energy by
converting the kinetic energy from braking and stores it in the batteries or
uses it instantaneously. This saves energy lost for generating electricity,
which consequently enhances the fuel efficiency of the vehicle. Fluctuating
prices of fossil fuel and stringent government regulations regarding fuel
efficiency are other major factors augmenting the demand for fuel-efficient
vehicles. The rising pollution levels due to growing carbon emission is a
matter of concern in many countries. Several countries have imposed stringent
regulations regarding carbon emission from vehicles. This, in turn, has
propelled the sale of regenerative braking systems. However, the high
installation and maintenance cost of the braking system is expected to be the
major restraining factor for the growth of the market. Nevertheless, electric
vehicles are gaining popularity among consumers. This growing demand for
electric vehicles is predicted to offer favorable business opportunities to the
regenerative braking system vendors.
In terms of geography, the North
American region generated the highest revenue in the global regenerative
braking system market. The largest market shares of the North American region
attributed to the higher sale of electric and hybrid vehicles in the region.
Higher disposable income, stringent emission norms, and the presence of leading
market players are some of the reasons boosting the sale of electric and hybrid
vehicles in the region. This, in turn, augments the demand for regenerative
braking systems in North America. The Asia Pacific is the second-largest market
for the regenerative braking systems following North America. While the Asia
Pacific is anticipated to grow with the fastest rate over the forecast period.
The rapid urbanization, rise in the disposable income and growing investment in
the automotive sector are some of the factors contributing to the growth of the
regenerative braking system in the Asia Pacific.
The report on the global
automotive regenerative braking system market covers segments such as system
type, vehicle type, and electric vehicle. On the basis of system type, the
sub-markets include battery, hydraulics, flywheel, and ultra-capacitor. On the
basis of vehicle type, the sub-markets include passenger vehicle, commercial
vehicle, and motorcycles. On the basis of electric vehicle, the sub-markets
include battery electric vehicle (BEV), hybrid electric vehicle (HEV) and
plug-in hybrid electric vehicle (PHEV).
The report provides profiles of
the companies in the market such as Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Aisin Seiki Co., Ltd., Hyundai Mobis, Hitachi
Automotive Systems, Ltd., Denso Corporation, Autoliv Nissin Brake Systems Co.,
Ltd., Aptiv PLC, and Roboteq Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the automotive regenerative braking system market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. We
also have highlighted future trends in the market that will affect the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.