Automotive regenerative braking market is anticipated to grow at a significant CAGR of 10.8% during the forecast period (2024-2031). The industry growth is driven by increasing advancement in lightweight and reliable braking systems, a global increase in the adoption of electric vehicles with increasing investment in automotive solutions, growing combination of advanced driver assistance systems (ADAS) with regenerative braking driving the market growth. In hybrid vehicles, regenerative braking can increase range and lower fuel use by capturing energy during ADAS-managed deceleration events.
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Regenerative braking is a revolutionary braking technology in the automobile industry that may be applied to both conventional and electric vehicles. A car's regenerative braking system may turn half of the heat energy generated during braking into electrical power. This electricity can be stored in batteries for later use or quickly transferred to the vehicle's power-hungry components. Additionally, the regenerative braking system is heavily utilized by electric automobiles. According to the International Energy Agency, (IEA), in 2024, there were about 14 million new electric vehicles registered globally in 2023. Sales of electric vehicles increased by 3.5 million over 2022, a 35.0% year-over-year rise. In 2023, about 18.0% of all automobiles sold were electric, up from 14.0% in 2022.
Recent Development
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By System
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes AISIN Corp., Continental AG, DENSO Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG among others.
Key questions addressed by the report.
Global Automotive Regenerative Braking Market Report Segment
By System
By Vehicle Type
Global Automotive Regenerative Braking Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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