Automotive RBS Market to Grow at 33% CAGR Through 2020: Technavio

LONDON--()--According to the latest market study released by Technavio, the global automotive regenerative braking system (RBS) market is expected to grow at a CAGR of more than 33% during the forecast period.

This research report titled ‘Global Automotive Regenerative Braking System Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Currently, the market for RBS is largely concentrated with few players operating in the market, but the rising demand for emission control and fuel economy coupled with rising stop and go traffic in many regions will motivate RBS suppliers to focus on developing RBS for different vehicle segments. For instance, Mazda developed RBS for their internal combustion engine (ICE) variants, which use generated energy to power the internal devices of vehicles.

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Based on vehicle type, the report categorizes the global automotive RBS market into the following segments:

  • Pure electric
  • Hybrid
  • Plug-in hybrid
  • High-performance electric motorcycles

Global automotive RBS market by vehicle type 2015 (%)

           
Hybrid         61.94%
Pure electric         19.98%
Plug-in hybrid         17.72%
High-performance electric motorcycles         0.36%
       

Source: Technavio

 

Global automotive RBS market by hybrid vehicles

Technavio researchers expect hybrid vehicles in emerging markets like APAC to grow steadily during the forecast period. This is owing to the lack of charging stations in countries like India. The growth of hybrid vehicles in such countries will drive the demand for RBS in this segment during the forecast period.

In terms of units, the global automotive RBS market by the hybrid vehicles segment was 0.93 million units in 2015 and is expected to reach 2.72 million units by 2020, growing at a CAGR of 23.89%. Additionally, APAC is the dominant region for the adoption of the RBS through hybrid vehicles and this is expected to remain the same during the forecast period.

Global automotive RBS market by pure electric vehicles

The demand for pure electric vehicles is expected to increase significantly, which, in turn, will drive the segment to clock the highest growth among all segments during the forecast period. In terms of units, the global automotive RBS market by pure electric vehicles was 0.3 million units in 2015 and is expected to reach 2.3 million units by 2020, growing at a CAGR of 50.25%. In 2015, multiple channel ABS had more adoption than one channel ABS.

Pure electric vehicles are powered by the electric drivetrain and the presence of electric motors is the prime component for driving these vehicles. These are ideal for the RBS fitment,” says Siddharth Jaiswal, a lead analyst at Technavio for research automotive electronics.

Global automotive RBS market by plug-in hybrid vehicles

In terms of units, the global automotive RBS market by plug-in hybrid vehicles was 0.27 million units in 2015 and is expected to reach 1.26 million units by 2020, growing at a CAGR of 36.4%.

A plug-in hybrid has an advantage over hybrid vehicles, with the presence of the electric plug to recharge the battery through an external source. Hence, main power train in this vehicle is electric, while ICE is used as a backup to increase mile range. “This segment has the advantage over pure electric vehicles and hybrid vehicles owing to the higher mile range, which is due to the presence of ICE as a backup and its environment-friendly nature,” adds Siddharth.

Global automotive RBS market by high-performance electric motorcycles

The demand for high-performance electric motorcycles is expected to grow steadily and the adoption of RBS in these motorcycles will drive this market during the forecast period.

High-performance electric motorcycle, offering long range and high speed, are advanced electric motorcycles. These motorcycles are widely adopted in the Europe and the US, especially in cities such as California, San Francisco, Germany, and Italy. This is due to their improved drive quality and power. These high-performance electric motorcycles are expected to be adopted in many other countries in the coming years, especially APAC, which has 80% of the world’s motorcycle market and contributes to maximum emission from motorcycle as compared with Europe and the US.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Continental
  • Bosch
  • Hyundai Mobis
  • ZF Group
  • Mazda Motor Corporation

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global automotive regenerative braking system (RBS) market is expected to grow at a CAGR of more than 33% during the forecast period.

$Cashtags

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com