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Automotive Kinetic Regenerative Braking Market: Introduction

  • Increasing demand for fuel efficient vehicles, led by environmental norms and government incentives provided to the electric vehicle industry is projected to drive the automotive kinetic regenerative braking market. In a kinetic regenerative braking system, the kinetic energy of the vehicle is converted into electric energy. This kinetic energy is produced due to deceleration of the vehicle, which reduces fuel consumption. The transformed electric energy is stored into different energy storage units such as batteries, ultra capacitors or flywheels, which is further utilized for several vehicle applications. The automotive kinetic regenerative braking system is also called as energy recovery system, which is extensively employed in electric and hybrid vehicles.

Key Drivers of Automotive Kinetic Regenerative Braking Market

  • Rise in usage of advanced technology in the automotive sector drives the automotive kinetic regenerative braking market. Kinetic regenerative brakes are commonly used in the several modern or luxury cars to charge the battery, which can be further utilized for different car applications. Use of the kinetic braking system leads to less fuel consumption and work for the vehicle engine; therefore, the demand for automotive kinetic regenerative brake is rising in fuel-based modern cars. Moreover, this braking system is considered as an energy-efficient solution for vehicles, which offers higher fuel economy and low carbon emission.
  • Increase in government rule and regulations for low vehicle carbon emission also propels the automotive kinetic regenerative braking market. These regulations are prompting automotive manufacturers across the world to shift their preferences toward regenerative braking systems that reduce fuel consumption and subsequently, propel the market.

Challenges in Automotive Kinetic Regenerative Braking Market

  • Integration of the automotive kinetic regenerative braking system is expensive, which further increases the weight of the vehicle and consequently, restrains the market. Moreover, high maintenance cost associated with regenerative braking systems also hampers the market.
  • A majority of the global businesses where hampered due to the onset of COVID-19 and the resulting lockdown forced people to stay at home, which stopped automotive manufacturing of luxury vehicles and declined automotive sales that further restrained the market. Moreover, the COVID-19 pandemic also disrupted global supply chains, which results in shortage of raw material required for production of regenerative braking system. This supply shortage stopped manufacturing processes and consequently, hampered the automotive kinetic regenerative braking market.

Opportunities in Automotive Kinetic Regenerative Braking Market

  • Increase in sales and production of electric and hybrid vehicles across the world is projected to drive the automotive kinetic regenerative braking market during forecast period. The prime use of regenerative braking system started from electric vehicles, as they entirely depend on the battery for their operations. The regenerated braking system generates the energy to charge the battery when the vehicle is decelerated. The electric motor of the vehicle can rotate in both directions for accelerating the vehicle and to charge the battery. Therefore, a rise in the demand for electric vehicles is projected to fuel the automotive kinetic regenerating braking market.
  • Rise in demand for plug-in hybrid electric vehicles requires external charging, as they function on both fuel and battery. Therefore, adoption of kinetic regenerative braking is rising to charge the PHEV vehicle batteries, which further fuel the market. Moreover, the demand kinetic regenerative braking system is also increasing in light and heavy commercial vehicles.

Automotive Kinetic Regenerative Braking Market in Europe to Expand Significantly

  • Demand for electric vehicles is increasing in Europe, due to high penetration of EVs in the region, decreasing production costs, expanding charging infrastructure, and the urgency to reduce increasing emissions from the transport sector. The European Union’s CO2 emission standards and investments in infrastructure and manufacturing have fueled the adoption of electric vehicles across the region. Europe witnessed strong sales during the first half of 2020, supported by generous incentives and better supply of new and improved EVs. This is likely to boost the market during the entire 2021. Prominent contributors of EV production in Europe, in terms of volume, were the U.K., Germany, and France. The region is anticipated to witness robust sales in the next few years, and hence, Europe is likely to remain a key region for the global automotive kinetic regenerative braking market.

Key Players Operating in Automotive Kinetic Regenerative Braking Market

The automotive kinetic regenerative braking market is highly consolidated. A few of the key players operating in the global automotive kinetic regenerative braking market are:

  • Continental AG
  • Robert Bosch GmbH
  • ZF Friedrichshafen
  • Skeleton Technologies
  • Aisin Seiki, Adgero S.A.S
  • Magneti Marelli S.p.A
  • Torotrak plc
  • Hyundai Mobis
  • Denso Corporation
  • Delphi Automotive Plc
  • Faurecia SA

Global Automotive Kinetic Regenerative Braking Market: Research Scope

Global Automotive Kinetic Regenerative Braking Market, by Energy Storage Type

  • Battery
  • Flywheel
  • Ultra-capacitor

Global Automotive Kinetic Regenerative Braking Market, by Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Electric Vehicle

Global Automotive Kinetic Regenerative Braking Market, by Sales Channel

  • OEM’s
  • Aftermarket

Global Automotive Kinetic Regenerative Braking Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Kinetic Regenerative Braking Market