Due to strict emissions regulations from government bodies and increase in awareness about electric vehicles, the demand for hybrid and fully electric vehicles is rising. The automotive OEMs are concentrating towards the usage of regenerative braking systems in electric vehicles to increase their range. The automotive regenerative braking system is a type of component, which is installed in vehicles to save energy and emissions whenever brakes are applied. Regenerative braking systems support for lowering consumption in hybrid vehicles and reducing their carbon footprint. These braking systems can also increase the range of electric vehicles.
"Global Automotive Regenerative Braking System Market Analysis to 2028"
is a specialized and in-depth study of the Automotive Regenerative Braking System market with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Regenerative Braking System market with detailed market segmentation system type, electric vehicle type, vehicle type and geography. The global Automotive Regenerative Braking System market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Regenerative Braking System market players and offers key trends and opportunities in the Automotive Regenerative Braking System market.
- Based on system type, the market is segmented as flywheel, battery, ultra-capacitors, hydraulics and elastomeric.
- Based on electric vehicle type, the market is divided into hybrid vehicles, plug-in hybrid vehicles and battery vehicle.
- Based on vehicle type, the automotive regenerative braking system market is segmented as passenger vehicle, commercial vehicle and two wheelers.
- Rising concern about pollution made by vehicles
- Demand of fuel-efficient vehicles
- Production regulations
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Regenerative Braking System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Automotive Regenerative Braking System market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE REGENERATIVE BRAKING SYSTEM MARKET
COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the automobile and transportation industry, including Automotive Regenerative Braking System manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Regenerative Braking System suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted, the demand for passenger cars with improved safety features is expected to rise. Since Automotive Regenerative Braking System are one of the vital components of safety features in luxury passenger cars and heavy duty commercial vehicles, the market of Automotive Regenerative Braking System is expected to regain momentum.
The reports cover key developments in the Automotive Regenerative Braking System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive Regenerative Braking System market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Regenerative Braking System market. Below mentioned is the list of few companies engaged in the Automotive Regenerative Braking System market.
The report also includes the profiles of key Automotive Regenerative Braking System market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Autoliv Inc.
- Continental AG
- Denso Corporation
- Hitachi Automotive Systems Americas, Inc.
- HYUNDAI MOBIS
- Mazda Motor Corporation
- Robert Bosch GMBH
- Skeleton Technologies
- Tesla, Inc.
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.