The Global Automotive Regenerative Braking System Market is forecasted to reach USD 8.19 Billion by 2027. Increasing the use of hybrid and battery electric cars worldwide would boost the scale of the regenerative braking industry in the automobile field. Nowadays, all passenger and freight cars are equipped with energy-efficient modules leading to higher fuel economy and even lower automotive carbon emissions. This aspect drives the regenerative braking device market's global growth over the forecast period. The growing demand for electric cars, even in public transport, is likely to give market players several opportunities over the forecast period.
The ever-increasing demand for fuel-efficient vehicles is also anticipated to boost the need for the regenerative braking technology due to strict automotive regulations. The loss of the braking force needed at high speed on the track or highways for regenerative braking system vehicles is expected to inhibit market growth over the forecast period.
During the prediction era, North America is predicted to lead the sector. The growing usage of electric cars in this area due to stringent regulations from the government regulations is likely to boost the growth of the market in this area. Europe is also expected to show strong growth over the forecast period on demand for vehicle regenerative braking systems. Asia-Pacific is also projected to exhibit positive growth over the forecast period on demand for vehicle regenerative braking systems. Increasing electric vehicle sales and output in developing countries, especially in China, is expected to propel market growth in this area.
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The report further sheds light on the competitive landscape of the Automotive Regenerative Braking Systems market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Further key findings from the report suggest
- Based on the type, the kinetic regenerative braking system generated a revenue of USD 0.71 billion in 2019 and projected to rise with a CAGR of 12.6% in the forecast period, due to better energy conservation and its efficiency in commercial vehicles, dynamic energy storage, or flywheel devices are also expected to gain fast momentum.
- The plug-in hybrid electric vehicles expected to grow with a CAGR of 13.4% in the forecasted period, owing to the raising vehicle acceptance that provides the versatility for external charging and enhances the vehicle's driving range.
- The commercial vehicles application is the major contributor to the Automotive Regenerative Braking System Market. The commercial vehicles application of the North America region is the major shareholder of the market and held around 35.2% of the market in the year 2019, owing to the government policies to electrify the public transit fleet coupled with the rising factory growth and the development of services are increasing the scale of the commercial vehicle fleet.
- North America dominated the market for Automotive Regenerative Braking System in 2019, due to the rising policy efforts to improve infrastructure funding for EVs, also, policies such as tax rebates on hybrid cars. The North America region held approximately 41.0% of the market, followed by Europe, which contains around 27.2% market in the year 2019.
Key companies profiled in the report include:
Eaton Corporation PLC, ZF Friedrichshafen AG, Bosch Mobility Solutions, Delphi Automotive, Continental AG, Magna International, Punch Powertrain, Denso, Aisin Seiki, and Hyundai Mobis, among others.
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The report on the Global Automotive Regenerative Braking Systems Market is an investigative study on the key features of the business landscape along with an analysis of the growth opportunities, challenges, threats, drivers and restraints, and limitations of the market. The report also offers insights into the segments, sub-segments, and regions exhibiting promising growth.
For the purpose of this report, Emergen Research has segmented into the global Automotive Regenerative Braking System Market based on the type, propulsion, application:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Electric Regenerative Braking System
- Hydraulic Regenerative Braking System
- Kinetic Regenerative Braking System
Propulsion Outlook (Revenue, USD Billion; 2017-2027)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
- Others
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Browse the complete Global Automotive Regenerative Braking Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/automotive-regenerative-braking-systems-market
Market Dynamics:
The report offers insightful information about the market dynamics of the Automotive Regenerative Braking Systems market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Automotive Regenerative Braking Systems market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Automotive Regenerative Braking Systems market.
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Automotive Regenerative Braking Systems market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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