As per the report published by Allied Market Research, the global automotive regenerative braking system market was accounted for $5.65 billion in 2020, and is estimated to hit $23.18 billion by 2030, growing at a CAGR of 15.5% from 2021 to 2030.
Strict vehicular emission norms & regulations and surge in number of electric vehicles along with development of electric vehicle infrastructure drive the global automotive regenerative braking system market. However, surge in overall cost & weight of vehicles and high repair & maintenance cost hamper the market growth. On the contrary, technological developments in two-wheeler based regenerative braking system and advent of regenerative braking system in heavy vehicles would open new opportunities in the future.
Download Report (205 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/1679
Based on vehicle type, the passenger car segment held the lion’s share in 2020, accounting for nearly three-fourths of the market. However, the commercial vehicle segment is expected to register the highest CAGR of 19.8% during the forecast period.
In addition, the automotive regenerative braking system market has witnessed significant growth in recent years, owing to adoption of regenerative braking system in every automobile, increase in sales of electric cars, and proliferation of component manufacturers in Asia-Pacific. Asia-Pacific held over 75% of the market revenue share in 2020, which was driven by multiple electric vehicle manufacturers, including Toyota, SAIC, BAIC, and Mitsubishi Motors Corporation & Honda Motor Co., Ltd. Furthermore, industry participants expand their production facilities in India, Japan, and China to serve a more extensive consumer base. For instance, in 2021, the AISIN Corporation announced its business expansion plan by 2025 with the investment of 110 billion yen to ensure the target of reducing carbon emissions by developing the economy of EVs with the improvements in electric units, thermal management, cooperative regenerative braking system, and body products. Thus, increase in adoption and implementation of strategies to enhance vehicle efficiency significantly boost the growth of regenerative braking system during the forecast period.
The report segments the global automotive regenerative braking system market on the basis of vehicle type, system, propulsion type, and region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/1679
On the basis of system, the electric segment would showcase the highest CAGR of 16.9% during the forecast period. In addition, the segment held the largest share in 2020, contributing to nearly three-fourths of the market. The report includes analysis of the hydraulics and other segments.
The global automotive regenerative braking system market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020 in terms of revenue, holding nearly half of the market. However, Europe is expected to manifest the highest CAGR of 17.8% from 2021 to 2030.
Factors such as stringent vehicular emission norms & regulations and rise in the number of electric vehicles & EV infrastructure are expected to drive the growth of the automotive regenerative braking system market. However, factors such as increase in overall cost & weight of vehicles and high repair & maintenance costs hinder the market growth. Moreover, technological advancement in the two-wheeler-based regenerative braking system and the adoption of the regenerative braking system in heavy vehicles is expected to provide ample opportunities for the growth of the market across the globe.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/1679
The global automotive regenerative braking system market report includes an in-depth analysis of the prime market players such as Advics Co., Ltd., AISIN Corporation, Continental AG, DENSO Corporation, Faurecia, Hyundai Mobis, Maxwell Technologies, Robert Bosch GmbH, ZF Friedrichshafen AG, and Mazda Motor Corporation.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube
