The global automotive regenerative braking market is anticipated to grow at a significant CAGR of 16.1% during the forecast period. One of the major factors driving the growth of the market includes growing demand for electric vehicles across the globe. Several nations in collaboration with key market players are taking various initiatives to promote adoption of electric vehicles., As a result of which, over the past few years sales of electric vehicles have been grown exponentially which in turn has increased the demand for automotive regenerative braking market. These are used to recharge the battery and enhances the running range of the electric vehicles. As per the data of the International Energy Agency 2020, electric car sales reached 2,986,659 which is more than 40% of the electric car sales in 2019.
Get Free Sample link @ https://www.omrglobal.com/request-sample/automotive-regenerative-braking-market
The COVID-19 pandemic had impacted the global automotive industry significantly owning to the imposition of lockdown across the globe to control the spread of the virus. It has affected the overall demand for vehicles in the market. However, the electric vehicle market showed significant growth which was also reflected in the sales of the automotive regenerative braking market. As per the Aisin annual report 2020, the production of the regenerative braking system significantly increased in 2020 with a cumulative total volume of around 14 million. The company is further expecting to increase production in upcoming years as electric vehicles become more widely used.
full report of Automotive Regenerative Braking Market available @ https://www.omrglobal.com/industry-reports/automotive-regenerative-braking-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Regenerative Braking Market Report Segment
By System
- Electric
- Hydraulics
- Kinetic
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Propulsion Type
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
- Plug-In Hybrid Electric Vehicles (PHEV)
Global Automotive Regenerative Braking Market Report Segment by Region
North America
- US
- 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
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive regenerative braking market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-regenerative-braking-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
