Automotive Regenerative Braking Global Market Report 2024

Automotive regenerative braking is a kinetic energy recovery system designed to enhance fuel efficiency by converting the kinetic energy of a moving vehicle into stored electric energy. This stored energy is then utilized for various applications within the vehicle, such as powering headlights, enabling start-stop functionality, and supporting the vehicle's interior electronics. The implementation of automotive regenerative braking devices aims to improve both fuel efficiency and the overall range of the vehicle.

The primary categories of automotive regenerative braking systems include electric regenerative braking, hydraulic regenerative braking, and kinetic regenerative braking. Electric regenerative braking systems utilize an electric motor that functions as both a generator and a motor. These systems find applications in a wide range of vehicles, including battery vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, as well as two-wheelers, passenger cars, commercial vehicles, and other automotive platforms.

The automotive regenerative braking market research report is one of a series of new reports that provides automotive regenerative braking market statistics, including automotive regenerative braking industry global market size, regional shares, competitors with a automotive regenerative braking market share, detailed automotive regenerative braking market segments, market trends and opportunities, and any further data you may need to thrive in the automotive regenerative braking industry. This automotive regenerative braking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive regenerative braking market size has grown rapidly in recent years. It will grow from $5.64 billion in 2023 to $6.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth observed during the historical period can be attributed to several factors, including a heightened awareness of environmental concerns, increased adoption of hybrid and electric vehicles, government regulations promoting fuel efficiency, competitiveness within the automotive industry, and a rising popularity of regenerative braking systems, especially in motorsports.

The automotive regenerative braking market size is expected to see rapid growth in the next few years. It will grow to $12.1 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The anticipated growth in the forecast period can be attributed to various factors, including the expanding electric vehicle market, more stringent emission standards, advancements in energy recovery systems such as regenerative braking, integration of regenerative braking in conventional vehicles, the integration of autonomous vehicle technologies, and growing consumer demand for sustainable technologies. Major trends expected during this period include technological advancements in brake systems, the integration of regenerative braking across a broader spectrum of conventional vehicles, the development of lightweight materials for brake systems, continuous improvements in energy conversion efficiency, and increased collaboration between automakers and technology suppliers in the pursuit of innovative braking solutions.

The surge in electric vehicle (EV) sales globally is making a significant impact on the automotive regenerative braking market. This system, present in electric and plug-in hybrid vehicles, capitalizes on braking energy to recharge the battery, reducing energy loss during braking. With a rising number of customers embracing electric vehicles worldwide, there's a heightened demand for innovative regenerative braking systems. For instance, recent data from the International Energy Agency (IEA) highlighted over 2.3 million electric car sales in the first quarter of 2023, marking a 25% increase from the prior year. The IEA's Stated Policies Scenario (STEPS) predicts a surge in the global share of electric car sales to 35% in 2030, up from less than 25% in previous forecasts. As electric vehicle adoption grows, so does the demand for automotive regenerative braking systems, driving market growth in the forecast period.

The burgeoning automobile production further fuels the automotive regenerative braking market. As vehicles become more sophisticated, incorporating diverse braking systems like anti-lock braking systems (ABS) and electronic stability control (ESC), advanced features such as regenerative braking become crucial components. This demand stems from the necessity for reliable and efficient braking solutions in the expanding fleet of vehicles. Statistics from the European Automobile Manufacturers' Association revealed a 5.7% growth in global motor vehicle production to 85.4 million units in 2022 compared to the previous year. Similarly, the National Automobile Dealers Association projected North American light vehicle production to reach 14.2 million units in 2022, rising to 15.4 million units in 2023 due to supply chain enhancements. This escalation in vehicle production is poised to drive the market significantly in the forecast period.

Technological advancements serve as a pivotal trend in the automotive regenerative braking market. Companies within this sector are focused on developing innovative systems that optimize energy recovery during braking, effectively increasing the driving range of electric vehicles. An example is ZF Friedrichshafen AG's launch of a new brake control system in January 2021, designed to maximize energy recovery during braking and subsequently extend the vehicle's driving range. These technological advancements play a crucial role in the market's growth trajectory by enhancing efficiency and performance.

The advancement of innovative products, like the SAF TRAKr regenerative braking axle, is a key focus among major companies in the automotive regenerative braking market. These products are designed to expand the product portfolios and enhance market positions. An example is SAF-HOLLAND's launch of the SAF TRAKr regenerative braking axle in September 2022. This axle utilizes regenerative braking technology, aiming to reduce emissions and fuel consumption in various applications such as refrigerated semi-trailers, tank trucks, and silo trailers. The system incorporates a high-voltage generator module for electric regenerative braking, offering a maximum power of 20 kW.

In May 2021, Texelis, a French company known for developing high-performance axles, initiated a strategic partnership with QinetiQ, a UK-based defense technology firm. The collaboration aims to jointly develop in-wheel electric hub drive technology for armored military vehicles. Under this partnership, Texelis will focus on manufacturing the hub drive technology, while QinetiQ will contribute its core expertise in electrification technology. The technology integrates electric propulsion with mechanical and regenerative braking technologies.

Major companies operating in the in the automotive regenerative braking market report are Aisin Seiki Co. Ltd., Continental AG, Hyundai Mobis Co. Ltd., Mazda Motor Corporation, Toyota Motor Corporation, Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Porsche Automobil Holding SE, Advics Co. Ltd., Faurecia SA, Maxwell Technologies Inc., Eaton Corporation plc, Delphi Automotive plc, Magna International Inc., Punch Powertrain NV, Adgero SAS, Skeleton Technologies Group OU, Autoliv Nissin Brake Systems Co. Ltd., Magneti Marelli SpA, Bell Intercoolers Inc., Rad Co. Ltd., Valeo SA, Spectra Premium Industries Inc., Conflux Technology Pty Ltd., Zhejiang VIE Science & Technology Co Ltd., Federal-Mogul LLC, Akebono Brake Industry Co Ltd., Nisshinbo Brake Inc., Hitachi Automotive Systems Ltd.

North America was the largest region in the automotive regenerative braking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive regenerative braking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive regenerative braking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automotive regenerative braking market includes revenues earned by entities by electromagnetic, flywheel, spring, and hydraulic brakes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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