The Automotive Regenerative Braking Systems Market report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market
The Global Automotive Regenerative Braking System Market is forecasted to reach USD 8.19 Billion by 2027. Increasing the use of hybrid and battery electric cars worldwide would boost the scale of the regenerative braking industry in the automobile field. Nowadays, all passenger and freight cars are equipped with energy-efficient modules leading to higher fuel economy and even lower automotive carbon emissions. This aspect drives the regenerative braking device market’s global growth over the forecast period. The growing demand for electric cars, even in public transport, is likely to give market players several opportunities over the forecast period.
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Further key findings from the report suggest
- Based on the type, the kinetic regenerative braking system generated a revenue of USD 0.71 billion in 2019 and projected to rise with a CAGR of 12.6% in the forecast period, due to better energy conservation and its efficiency in commercial vehicles, dynamic energy storage, or flywheel devices are also expected to gain fast momentum.
- The plug-in hybrid electric vehicles expected to grow with a CAGR of 13.4% in the forecasted period, owing to the raising vehicle acceptance that provides the versatility for external charging and enhances the vehicle’s driving range.
- The commercial vehicles application is the major contributor to the Automotive Regenerative Braking System Market. The commercial vehicles application of the North America region is the major shareholder of the market and held around 35.2% of the market in the year 2019, owing to the government policies to electrify the public transit fleet coupled with the rising factory growth and the development of services are increasing the scale of the commercial vehicle fleet.
The report aims to provide a determining analysis of the market competition to help the user make a pivotal business analysis. The complete portfolios of the key companies, including their production capacity, revenue share and size, gross margin, sales revenue and margin, growth rate, along with their business strategies and technological developments, have been discussed in the report.
The companies operating in the market and profiled in the report include :
Eaton Corporation PLC, ZF Friedrichshafen AG, Bosch Mobility Solutions, Delphi Automotive, Continental AG, Magna International, Punch Powertrain, Denso, Aisin Seiki, and Hyundai Mobis, among others.
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For the purpose of this report, Emergen Research has segmented into the global Automotive Regenerative Braking System Market based on the type, propulsion, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Electric Regenerative Braking System
- Hydraulic Regenerative Braking System
- Kinetic Regenerative Braking System
Propulsion Outlook (Revenue, USD Billion; 2017-2027)
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
The research study on the global Automotive Regenerative Braking Systems market provides a complete detail-oriented assessment of this market and provides an accurate evaluation of market tendencies such as revenue estimations and shares, current market value, future market valuation, and market size over the forecast years. The report focuses on the evaluation of the given market in major regions and the countries included in those regions.
The report provides details of the market considering the geographical landscape that includes:
North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.
Major benefits of the Automotive Regenerative Braking Systems report:
- The report discusses in detail the changing dynamics of the competitive landscape
- The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
- The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
- The report encompasses a detailed forecast for the years 2019-2027
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline
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The report also provides a detailed analysis of consumption and market value depending on each geographical region. The report aims to provide beneficial information that might help in formulating new business strategies and expansion plans. SWOT analysis is also offered in this report. Research findings and conclusions are offered through detailed graphs, tables, charts, and figures.
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