Automotive Regenerative Braking Market Size By Type (Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System), By Propulsion (BEV, PHEV, HEV), By Vehicle (Two Wheelers, Passenger Cars, Commercial Vehicles), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Apr 2020  |  Report ID: GMI4643  |  Authors: Kiran Pulidindi, Sayan Mukherjee

Report Format: PDF   |   Pages: 240   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Regenerative Braking Market size exceeded USD 3.2 billion in 2019 and is projected to grow at 13.6% CAGR from 2020 to 2026. Improvement in regenerative efficiency coupled with wide adoption in hybrids and electric vehicles will provide opportunistic growth scenario.

Automotive Regenerative Braking Market

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Implementation of ultracapacitors and composite material enhances the regenerative efficiency. Usage of ultracapacitors increases the transfer and recovery of recuperated energy. Further, replacement of steel flywheel with carbon composite flywheel has positively influenced the weight to power recovered ratio. Such advancements in the system will drive the industry growth.

The COVID-19 pandemic has significantly influenced automotive regenerative braking industry. The pandemic had resulted in temporary closure of manufacturing facilities and halted the automotive assembly lines across the globe. It has further influenced the consumer spending thereby affection the vehicle adoption. Reduction in electric and hybrid production output has resulted in decline in revenue generation.

However, post reopening of the manufacturing facilities, the automotive industry participants are prioritizing electric vehicle production to fulfill regulatory requirements and meet previous backlogs. Industry players are adopting innovative strategies such as online sales to control the spread. For instance, in 2020, Tesla announced to adopt online-only sales model to boost vehicle sales. Such strategies by automotive OEMs will limit the COVID-19 impact on the market revenue.

Electric regenerative braking systems to drive the demand

North America electric automotive regenerative braking market will witness around 15.5% CAGR through 2026. The electric vehicle manufacturers are introducing electric vehicles in the region with ERBS. For instance, in March 2019, Tesla launched Model Y with electric regenerative braking system. The system offers higher efficiency ratio and with advancement in ultracapacitor technology. The ultracapacitors have high absorbing and dispensing capabilities supporting rapid energy recovery and dispersion in the braking and coasting event. The motor itself acts as a generator seamlessly and the waste energy dissipated in shape of heat in standard friction based braking process is converted into electricity through capturing kinetic energy from deacceleration.

Automotive Glass Market, By Application

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Kinetic energy storage or flywheel systems are also set to gain ground owing to higher energy retention and its effectiveness in commercial vehicles. Flywheels to observe surge in adoption with significant weight reduction from previous iterations. Hydraulic automotive regenerative braking systems will experience noticeable growth with installation in heavy field equipment and vehicles such as mining and long haul trucks.

Battery electric vehicles to dominate the automotive regenerative braking market share

In 2019, the battery electric vehicles (BEV) accounted over 35% share in North America due to high rate of adoption. Increasing implementation of systems to enhance the vehicle efficiency will induce substantial growth potential in the industry landscape. Energy recovery plays significant role in extending battery range of vehicle by converting vehicle kinetic energy into electricity through motor generator.

Advancement in battery technology and integration of supercapacitors ensures rapid energy transfer in acceleration and deceleration process. Increasing government initiatives to curb environmental pollution is encouraging manufacturers to incorporate regenerative braking systems to make vehicles for fuel efficient and reduce fuel consumption. The hybrid vehicles utilize the systems as standard for energy recovery.

Rising demand for long haul electric commercial vehicles to escalate revenue generation

Growing demand for long haul commercial vehicles is likely to boost automotive regenerative braking market growth through 2026. Limited availability of charging facilities is increasing the installation of regenerative brakes for extended driving range. Passenger vehicles segment to see lucrative growth on account of implementation of regenerative system in vehicles to reduce carbon footprint. According to EPA, an average passenger car emits over 4.5 metric tons of carbon dioxide per year. The vehicle manufacturers install these systems in electric and hybrid vehicles to reduce the fuel consumption and enhance the driving range.

North America to bank upon supporting government initiatives

Automotive Glass Market, By Region

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North America to register exponential growth from 2020 to 2026 propelled by increasing government initiatives to develop supporting infrastructure for electric vehicles. In March 2020, the Canada Government announced the installation of 837 EV fast chargers in the country to encourage the consumers for alternative energy vehicles. Moreover, initiatives such as tax rebates on electric vehicles will drive the market revenue.

Asia Pacific electric automotive regenerative braking market is set to cross USD 4.617 billion revenue by 2026 owing to the presence of multiple electric vehicle manufacturers SAIC, Honda, Toyota, Mitsubishi, and BAIC. Companies are inaugurating production facility in countries such as China and Japan to serve larger number of consumers.

Industry players focusing on technological advancement to gain market share

The automotive regenerative braking industry participants are developing innovative products to strengthen their foothold. The prominent players operating in industry landscape include ZF Friedrichshafen AG, Continental AG, Delphi Automotive, Denso, Punch Powertrain, Bosch mobility Solutions, and Eaton Corporation Plc.

This market research report on automotive regenerative braking includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2016 to 2026, for the following segments:

Market, By Type

  • Electric Regenerative Braking System (ERBS)
  • Hydraulic Regenerative Braking System (HRBS)
  • Kinetic Regenerative Braking System (KRBS)

Market, By Propulsion

  • BEV
  • PHEV
  • HEV

Market, By Vehicle

  • Two-wheeler
  • PCV
  • Commercial vehicles

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Sweden
    • Norway
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Brazil
    • Mexico
    • Chile
  • MEA
    • South Africa

Frequently Asked Questions (FAQ) :

The market size of automotive regenerative braking was surpassed USD 3.2 billion in 2019.
The industry share of automotive regenerative braking is poised to grow at a CAGR of over 13.6% between 2020 and 2026.
According to this research report by GMI, the North America electric automotive regenerative braking systems will witness around 15.5% growth through 2026.
In 2019, Asia Pacific dominated over 75% market share and is expected to continue its dominance during the forecast period, due to presence of multiple electric vehicle manufacturers like SAIC, Honda, Toyota, Mitsubishi, and BAIC.
The prominent industry players include ZF Friedrichshafen AG, Continental AG, Delphi Automotive, Denso, Punch Powertrain, Bosch mobility Solutions, and Eaton Corporation Plc.

Premium Report Details

  • Published Date: Apr 2020
  • Pages: 240
  • Tables: 183
  • Charts / Figures: 11
  • Companies covered: 10
  • Countries covered: 17

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