Automotive Regenerative Braking System Market (System Type - Battery, Hydraulics, Flywheel and Ultra-capacitor; Vehicle Type - Passenger Vehicle, Commercial Vehicle, and Motorcycles; Electric Vehicle - Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-In Hybrid Electric Vehicle (PHEV)): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : AT00175

  • Category : Automotive, Aerospace & Defence

  • Status : Published

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.

 

Market Insight

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 market.

 

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.

 

Segment Covered

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).

 

Companies Profiled:

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.

 

Report Highlights:

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.


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