Market Snapshot:
The Automotive Regenerative Braking System is a system that is applied to the automotive brake system. It is a mechanical device that is used to inhibit motion or help stop the motion of vehicles. The introduction of cutting-edge systems like the Traction Control System (TCS), Electronic Stability Control (ESC), Electronic Brake-Force Distribution (EBD), and Antilock Braking System (ABS) is anticipated to cause a significant increase in the market for braking systems during the next eight years. It involves the storage of energy, which is emitted in the form of heat and electrical energy that is used for powering different components and vehicle operations, even the brakes themselves. Thus, the cumulating production of vehicles is driving the force of the market.
Highlights from Automotive Regenerative Braking System Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are Aisin Seiki Co.Ltd (Japan), Robert Bosch GmbH (Germany), Adgero S.A.S (France), Autoliv Nissin Brakes Systems (Japan), Continental AG (Germany), Denso Corporation (Japan), Eaton Corporation Plc (Ireland), Magnetti Marelli S.p.A (Italy), Maxwell Technologies (the U.S) and Mazda Motor Corporation (Japan). Additionally, other players that are part of this comprehensive study are Skeleton Technologies (Estonia), Torotrak Plc (the U.K) and ZF Friedrichshafen AG (Germany).
Geographic Breakdown and Segment Analysis
The Global Automotive Regenerative Braking System market presents a comprehensive analysis of the Automotive Regenerative Braking System market by product type (Electric, Hydraulic and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Automotive Regenerative Braking System industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Automotive Regenerative Braking System market
Analyst at AMA have segmented the market study of Global Automotive Regenerative Braking System market by Type, Application and Region.
Influencing Trend:
Technological Advancements in Two Wheeler RBS and Adoption of Automotive Regenerative Braking System in every automobile is one of the greatest trends in these breaking system
Market Growth Drivers:
Increasing Demand for Fuel-Efficient Vehicles Coupled with Rising Pollution Caused by Automobiles and Growth in Sales of Electrical Cars
Challenges:
Stiff Competition among the Players
Restraints:
Increase in Overall Cost & Weight of the Vehicles and High Maintenance Cost linked with Brake System Overhauling
Opportunities:
Rising governments and international organizations stringent safety norms. Thereby, leading to braking companies to developing advanced braking technologies coupled with the growth of electric and hybrid vehicles is expected to lead to an increase in demand for the automotive regenerative braking system.
Market Developments Activities:
In December 2020- Aisin Seiki Co., Ltd. (AI) has announces that AI and EQUOS RESEARCH Co., Ltd. (EQ-R), a consolidated subsidiary of AI, have concluded a merger agreement regarding a merger (the “Merger”) with an effective date of April 1, 2021
In December 2017, the ZF AND Brakes India Company has announced to launch a new electric park brake system for small cars in India. Hence, this launched enabled the company to strengthen its emergency braking system portfolio in India.
Regulatory Insights:
Federal Motor Vehicle Safety Standards Nos. 105 and 135 specifying requirements for brake systems on electric vehicles (EV). The procedure in S7.7 is a test of the fully functional brake system rather than a partially failed brake system, as is the case with S7.10 and S7.11.
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the global lithium foil market were innovation, product development, acquisition, and expansion.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organizations