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Nowadays, energy-efficient components are deployed in the passenger as well as commercial vehicles owing to increase the fuel efficiency and also lower the carbon emission of the vehicles. This factor is driving the major growth of the regenerative braking system market over the forecast period. The conventional braking system creates brake dust by the use of the friction brake leading to an impact on the environment. The vacuum-independent regenerative braking system reduces almost all of the brake dust of the electric vehicles. Therefore, this regenerative braking system is an emission-free generator braking with also allowing recovery of the kinetic energy. The increasing demand for electric vehicles, even in public transport, is likely to generate numerous opportunities for market players over the forecast period.
Key Market Driver -
The rising demand for the fuel-efficient vehicles is expected to drive the growth of the market.
Key Market Restraint -
The failure of braking force at higher speed of the vehicle of this system is expected to be hamper the growth of the market.
The rising demand for fuel-efficient vehicles owing to stringent vehicle regulations is also expected to drive the market for the regenerative braking system. The failure of the required braking force at high speed on the track or highways for the vehicles of the regenerative braking system is expected to restrain the growth of the market over the forecast period. The maintenance cost of the regenerative braking system is likely to hamper the growth of the market.
The global automotive regenerative braking system market has been segmented into system type, electric vehicle, vehicle type, and region. By system type, the global automotive regenerative braking system market is segmented into the flywheel, battery, ultra-capacitors, and hydraulics. By electric vehicles, further, the market has been segmented into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. The hybrid electric vehicle segment is expected to dominate the market over the forecast period owing to its growing adoption in Europe and North America. The plug-in hybrid electric vehicle segment is also expected to show good growth in the market over the forecast period. Regenerative braking system is majorly adopted in electric vehicles. The regenerative braking system extends the range of the electric vehicle by 10-25% by a recovery of energy through the heat loss by the hydraulic braking. By vehicle type, further, the market has been segmented into passenger cars and commercial vehicles. The passenger car segment is expected to dominate the market over the forecast period. The increasing adoption of electric passenger cars is likely to propel the growth of this segment in the market. The commercial vehicle segment is also expected to show good growth in the market over the forecast period.
Some of the major companies that are present in the automotive regenerative braking system market include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, among others.
Geographically, the automotive regenerative braking system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate this market over the forecast period. The increasing adoption of the electric vehicles in this region owing to stringent government emission regulations is likely to propel the growth of this market in this region. Europe is also expected to show good growth in the automotive regenerative braking system market over the forecast period. The presence of the market players in this region, such as ZF Friedrichshafen, Continental AG, and Robert Bosch GmbH and also rising adoption of fuel-efficient vehicles in this region, is likely to drive the market’s growth in this region.
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Asia-Pacific is also expected to show good growth in the automotive regenerative braking system market over the forecast period. The increasing sales and production of electric vehicles in the developing countries, especially in China, is expected to propel the growth of the market in this region.
By System type
By Electric Vehicle
By Vehicle Type
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