PUBLISHER: KBV Research | PRODUCT CODE: 1655231
PUBLISHER: KBV Research | PRODUCT CODE: 1655231
The Europe Automotive Regenerative Braking System Market would witness market growth of 11.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Automotive Regenerative Braking System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $731.1 million by 2031. The UK market is exhibiting a CAGR of 10.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 12.4% during (2024 - 2031).
One of the primary drivers of the automotive regenerative braking system market is the growing adoption of electric and hybrid vehicles. Governments encourage the shift toward EVs by offering manufacturers and consumers incentives, tax benefits, and subsidies. Countries such as Norway, China, Germany, and the United States have enacted rigorous policies aimed at diminishing carbon emissions from conventional internal combustion engine (ICE) vehicles, resulting in a significant increase in the demand for electric mobility solutions.
Moreover, the growing demand for performance and luxury vehicles drives further adoption of regenerative braking systems. High-performance car brands such as Porsche, Ferrari, and McLaren incorporate advanced brake-by-wire systems that integrate regenerative braking with traditional hydraulic braking for optimal energy recovery. Luxury EV manufacturers like Lucid Motors and Rivian are leveraging regenerative braking to enhance performance and driving range, appealing to consumers seeking both efficiency and high-end driving experiences.
Europe is at the forefront of electric vehicle (EV) adoption, with a well-developed charging infrastructure and a strong focus on integrating renewable energy with electric mobility solutions. The demand for automotive RBS is increasing as more EVs and hybrid electric vehicles (HEVs) enter the market. According to data from the International Energy Agency (IEA), European electric vehicle sales surged by over 65% annually, reaching 2.3 million units in 2021. Countries such as Norway (86%), Iceland (72%), Sweden (43%), and the Netherlands (30%) had the highest EV industry shares in 2021, followed by France (19%), Italy (9%), and Spain (8%). The region's ambitious carbon reduction targets and strict regulatory frameworks push automakers to integrate advanced regenerative braking technologies to improve energy efficiency and reduce vehicle emissions. As the European automotive industry expands, regenerative braking is becoming essential in EVs, helping manufacturers comply with environmental regulations and enhance battery performance. As a result, Europe remains a dominant market, with ongoing advancements ensuring wider adoption in both passenger and commercial vehicle segments.
Based on Propulsion Type, the market is segmented into Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV), and Fuel Cell Electric Vehicles (FCEV). Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV). Based on Component, the market is segmented into Battery, Flywheel, Motor, and Electronic Control Unit (ECU). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Automotive Regenerative Braking System Market Report Segmentation
By Propulsion Type
By Vehicle Type
By Component
By Country