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Forecast Period
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2024-2028
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Market Size (2022)
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USD 2.8 billion
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CAGR (2023-2028)
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7.89%
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Fastest Growing Segment
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PHEV
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Largest Market
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Asia-Pacific
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Market Overview
Global Two Wheeler Regenerative Braking System Market
has valued at USD 2.8 Billion in 2022 and is anticipated to project robust
growth in the forecast period with a CAGR of 7.89% through 2028. A kinetic energy recovery technology called regenerative
braking is used mostly on pure electric and hybrid vehicles to recover the
energy lost during braking and deceleration and then use it to recharge the
battery. In this system, when moving forward or cruising, the engine propels
the wheels, and when slowing down, the wheels propel the motor. The engine can
function as a generator by opposing the rotation of the wheels and generating
power to refuel the vehicle's battery thanks to this two-way energy flow.
Nearly 5%–10% of transmitted energy can be recovered by utilizing this type of
braking system; the amount of energy recovered varies on the vehicle's speed
and braking style. Currently, energy recovery systems are utilized in both
passenger and commercial cars to increase fuel efficiency and lower vehicle
emissions. As a result, the demand for such a braking system has increased in
the worldwide car industry, leading to higher fuel efficiency. The demand from industry
is currently driving up global sales of automobiles, particularly electric
vehicles, and their components, which is leading to an increase in pollutant
emissions. Additionally, the government is pressuring automakers to use
cutting-edge technologies that can lower fuel consumption and exhaust gas
emissions. This may encourage the expansion of the global market for
regenerative braking systems.
Key Market Drivers
Increasing Focus on Energy Efficiency and
Sustainability
One of the primary drivers of the Global
Two-Wheeler Regenerative Braking System market is the growing emphasis on
energy efficiency and sustainability in the industry. As concerns about
environmental impact and resource depletion escalate, consumers and governments
are pushing for cleaner and more efficient transportation solutions.
Regenerative braking systems offer an effective way to reduce fuel consumption
in two-wheelers. By recovering and storing kinetic energy during braking and
deceleration, these systems can later use that energy to assist in
acceleration. This process not only improves fuel efficiency but also reduces
greenhouse gas emissions. Governments worldwide are implementing stringent
emissions regulations to combat air pollution and reduce carbon emissions.
Two-wheelers are a significant contributor to urban air pollution, particularly
in densely populated areas. Regenerative braking systems help manufacturers
meet these regulations by curbing emissions, which is particularly important as
emission standards become more stringent. Sustainability has become a key
selling point for consumers. Two-wheelers equipped with regenerative braking
systems align with sustainability goals, appealing to environmentally conscious
riders. As a result, manufacturers are increasingly integrating these systems
to cater to a growing market segment.
Electrification of Two-Wheelers
The electrification of two-wheelers, including
electric motorcycles and scooters, is another major driver of the regenerative
braking system market. Electric two-wheelers rely on battery power for
propulsion, and regenerative braking plays a vital role in maximizing their
efficiency and range. Regenerative braking helps extend the range of electric
two-wheelers by recapturing energy during braking events. This stored energy
can then be used to recharge the battery or assist in propulsion. As a result,
regenerative braking is an essential component of battery management systems in
electric two-wheelers. Electric two-wheeler manufacturers are continually
striving to improve the range of their vehicles. Regenerative braking
contributes to this goal by ensuring that energy is efficiently utilized and
conserved during operation. Riders can travel longer distances on a single
charge, making electric two-wheelers more practical and appealing.
Safety and Improved Braking Performance
Regenerative braking systems also contribute to
improved safety and braking performance in two-wheelers. These systems work in
conjunction with traditional braking systems (such as disc or drum brakes),
providing enhanced stopping power and control.
Regenerative braking systems can reduce stopping distances in emergency
braking situations. By blending regenerative braking with mechanical braking,
riders can achieve more rapid deceleration, potentially avoiding accidents and
collisions. During prolonged or aggressive braking, mechanical brakes can
experience brake fade, reducing their effectiveness. Regenerative braking can
help mitigate brake fade by sharing the braking load, leading to more
consistent and reliable braking performance. Regenerative braking systems can
be integrated with advanced traction control systems. These systems can
modulate the braking force on individual wheels, helping prevent wheel lockup and
skidding during sudden braking or adverse road conditions.
Technological Advancements
Continuous technological advancements are a
significant driver of the Global Two-Wheeler Regenerative Braking System
market. These advancements are primarily focused on improving the efficiency,
reliability, and affordability of regenerative braking systems. Manufacturers
are developing compact and lightweight regenerative braking components,
ensuring that they can be seamlessly integrated into two-wheeler designs without
compromising aesthetics or handling. These advancements are particularly
crucial for electric two-wheelers, where space and weight considerations are
paramount. Ongoing research and development efforts are aimed at improving the
efficiency of regenerative braking systems. This includes optimizing energy
capture, storage, and release mechanisms to maximize the energy recovery
process. Higher efficiency translates to greater fuel savings and longer
electric vehicle ranges. As regenerative braking technology matures and
production volumes increase, manufacturing costs are expected to decrease. This
cost reduction will make regenerative braking systems more accessible to a
broader range of two-wheelers, including budget-friendly models.
Growing Market for Electric Two-Wheelers
The expanding market for electric two-wheelers is a
key driver of the Global Two-Wheeler Regenerative Braking System market. The
adoption of electric motorcycles and scooters is rising due to several factors,
including environmental concerns, urban congestion, and the availability of
government incentives. Electric two-wheelers are becoming popular choices for
urban commuting due to their compact size and low operating costs. In congested
urban areas, these vehicles offer a practical and environmentally friendly mode
of transportation. Many governments offer incentives, subsidies, and tax breaks
to promote the adoption of electric two-wheelers. These incentives can
significantly reduce the upfront cost of electric vehicles, making them more attractive
to consumers. Growing environmental awareness and concerns about air quality
are driving individuals to choose electric two-wheelers over traditional
gasoline-powered counterparts. Regenerative braking systems further enhance the
eco-friendly appeal of these vehicles.
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Key Market Challenges
Technological Complexity and Integration Challenges
One of the primary challenges in the Global
Two-Wheeler Regenerative Braking System Market is the inherent technological
complexity associated with developing and integrating regenerative braking
systems into two-wheelers. Integrating regenerative braking technology into
existing two-wheeler designs can be a daunting task. Two-wheelers, especially
traditional internal combustion engine motorcycles, have limited available
space for additional components. Manufacturers must find innovative ways to fit
regenerative braking components like electric motors, energy storage units, and
control systems without compromising the vehicle's aesthetics, weight
distribution, or handling characteristics. Ensuring compatibility with various
two-wheeler models adds another layer of complexity. The market includes a wide
range of motorcycles and scooters with varying designs, powertrains, and
braking systems. Developing regenerative braking systems that can be seamlessly
integrated into this diverse landscape is a formidable challenge. The cost of
developing and manufacturing regenerative braking systems can be substantial.
Achieving affordability without compromising quality is a delicate balance,
particularly for two-wheelers, which often cater to price-sensitive markets. This
challenge becomes more pronounced in regions with a high demand for low-cost
vehicles.
Limited Market Penetration of Electric Two-Wheelers
While the electric two-wheeler market is growing,
it still faces obstacles related to market penetration. This directly impacts
the adoption of regenerative braking systems, which are more commonly
integrated into electric vehicles. The limited availability of charging
infrastructure in many regions hinders the widespread adoption of electric
two-wheelers. Potential buyers may be deterred by concerns about charging
convenience, range anxiety, and the perceived inconvenience of charging
compared to refueling with gasoline. Electric two-wheelers, equipped with
regenerative braking systems and other advanced technologies, tend to have
higher initial purchase prices than their gasoline counterparts. This cost
difference can deter potential buyers, particularly in markets where
affordability is a primary consideration. There is still a lack of widespread
awareness and understanding of the benefits of electric two-wheelers and
regenerative braking systems. Educating consumers about these technologies and
their long-term cost savings potential is crucial for market growth.
Infrastructure and Battery Technology Limitations
The effectiveness of regenerative braking systems
is closely tied to the state of infrastructure and battery technology. Several
challenges in these areas can impact the market for such systems. The limited
range of electric two-wheeler batteries is a challenge that affects the
effectiveness of regenerative braking. Smaller batteries can store less energy,
which limits the capacity for regenerative braking to capture and utilize
energy effectively. As mentioned earlier, the availability and accessibility of
charging infrastructure play a significant role in the adoption of electric
two-wheelers. In regions with insufficient charging stations, electric vehicle
users may be unable to take full advantage of regenerative braking systems.
Over time, lithium-ion batteries, commonly used in electric two-wheelers,
degrade, leading to reduced energy storage capacity. This degradation can
affect the performance of regenerative braking systems, as they rely on the
battery's ability to store and discharge energy efficiently.
Market Fragmentation and Regulatory Challenges
The Global Two-Wheeler Regenerative Braking System
Market is highly fragmented, with a multitude of manufacturers, regulations,
and standards. These factors pose unique challenges for market growth. There is
a lack of standardized regulations and industry standards governing
regenerative braking systems in two-wheelers. This fragmentation can lead to
varying levels of quality and performance among different products, making it
difficult for consumers to assess the effectiveness of regenerative braking
systems. Manufacturers must navigate a complex web of regional regulations and
emissions standards. Compliance with these regulations adds complexity and cost
to the development and production of regenerative braking systems, particularly
for global manufacturers. The fragmented nature of the market results in
intense competition among manufacturers. Smaller companies may struggle to gain
market share and compete with larger, more established players, hindering innovation
and market growth.
Consumer Perception and Acceptance
Consumer perception and acceptance of regenerative
braking systems in two-wheelers can be a significant hurdle to overcome. As
with electric vehicles, educating consumers about the benefits of regenerative
braking systems is essential. Many potential buyers may not fully understand
how these systems work or how they contribute to improved fuel efficiency and
reduced emissions. Some consumers may be skeptical about the effectiveness and
durability of regenerative braking systems. Overcoming this skepticism and
demonstrating the reliability of these systems is crucial for widespread
acceptance. Two-wheeler riders often have strong preferences for traditional
braking systems, which they are more familiar with. Convincing riders to
embrace regenerative braking as a viable and safe alternative can be
challenging.
Key Market Trends
Electrification of Two-Wheelers and the Rise of
E-Bikes
One of the most prominent trends in the Global Two-Wheeler
Regenerative Braking System Market is the increasing electrification of
two-wheelers, driven by the growing popularity of electric bicycles or e-bikes.
E-bikes have gained significant traction as environmentally friendly and
efficient urban mobility solutions. This trend has a direct impact on the
adoption of regenerative braking systems. E-bikes are equipped with electric
motors that assist riders in pedaling and provide propulsion. These electric
motors can benefit from regenerative braking systems to recover energy during
braking events. As riders apply the brakes, the system captures kinetic energy,
converts it into electrical energy, and stores it for later use. This energy
can then be used to extend the e-bike's range or assist in acceleration,
ultimately enhancing the riding experience-bikes have emerged as practical and
sustainable urban mobility solutions, particularly in congested urban areas
where traffic congestion and pollution are growing concerns. The integration of
regenerative braking systems aligns with the sustainability goals of e-bike
manufacturers and appeals to environmentally conscious riders. For e-bikes,
regenerative braking not only contributes to energy efficiency but also plays a
vital role in battery management. By recovering energy during braking events,
regenerative braking helps maintain the charge level of e-bike batteries,
ensuring riders can enjoy extended range and longer rides without needing
frequent recharges.
Advancements in Regenerative Braking Technology
The Two-Wheeler Regenerative Braking System Market
is witnessing continuous advancements in technology, particularly in the design
and efficiency of regenerative braking systems. Manufacturers are developing
smart regenerative braking systems that use sensors and advanced algorithms to
optimize energy capture and release. These systems can assess various factors,
including vehicle speed, terrain, and rider input, to determine the most
efficient way to recover and utilize energy. Smart regenerative braking enhances
system performance and energy efficiency. Innovations in materials and
engineering are leading to the development of lightweight and compact
regenerative braking components. These advancements ensure that regenerative
braking systems can be seamlessly integrated into a wide range of two-wheeler
designs without compromising handling or aesthetics. Some manufacturers are
exploring advanced energy storage solutions, such as high-capacity
ultracapacitors, to further improve the energy storage capabilities of
regenerative braking systems. Ultracapacitors offer rapid energy storage and
release, enhancing the efficiency of regenerative braking.
Government Incentives and Regulations
Government policies, incentives, and regulations
are playing a pivotal role in shaping the adoption of regenerative braking
systems in two-wheelers. Emission Reduction Initiatives: Many governments are
actively promoting the adoption of electric vehicles and sustainable
transportation solutions to reduce air pollution and combat climate change.
Regenerative braking systems contribute to reduced emissions by improving the
energy efficiency of electric and hybrid two-wheelers. Governments in various
regions provide financial incentives, tax breaks, and subsidies to consumers
and manufacturers to encourage the adoption of environmentally friendly
technologies, including regenerative braking systems. These incentives can
significantly reduce the upfront cost of adopting such systems. Emission
regulations for two-wheelers are becoming more stringent. Manufacturers must
comply with these standards, which often require the implementation of
technologies like regenerative braking to reduce emissions and improve overall
energy efficiency. Some government agencies and organizations have implemented
green procurement policies that prioritize the purchase of vehicles and
technologies that meet specific environmental criteria. Manufacturers that
offer two-wheelers equipped with regenerative braking systems are better
positioned to secure government contracts and partnerships.
Growth of Commuter and Urban Mobility Solutions
The increasing urbanization of populations and the
need for efficient urban mobility solutions are driving the growth of commuter
two-wheelers and small electric vehicles. This trend is particularly relevant
to regenerative braking systems. In congested urban areas, two-wheelers are
often preferred for their maneuverability and ability to navigate through
traffic. Commuters are increasingly turning to electric scooters and motorcycles
as convenient and eco-friendly alternatives to traditional gasoline-powered
vehicles. Regenerative braking systems are well-suited for urban commuting,
where stop-and-go traffic is common. These systems capture and store energy
during braking events, making them highly efficient for city travel. The energy
recovered can then be used to assist in acceleration, reducing energy
consumption and extending the vehicle's range. The rise of electric scooters
and motorcycles in ride-sharing services has created a new market for
two-wheelers equipped with regenerative braking systems. These vehicles offer
efficient and sustainable options for short-distance travel in urban areas.
Consumer Awareness and Demand for Sustainability
Consumer awareness and demand for sustainable
transportation options are significant drivers of the Two-Wheeler Regenerative
Braking System Market. An increasing number of consumers are prioritizing
environmental considerations when choosing their mode of transportation.
Electric two-wheelers equipped with regenerative braking systems are perceived
as more eco-friendly alternatives, appealing to riders who want to reduce their
carbon footprint. For electric two-wheelers, regenerative braking technology
helps mitigate range anxiety—a common concern among potential buyers. Knowing
that regenerative braking can extend the vehicle's range by efficiently
managing energy consumption provides riders with confidence in electric
mobility. Many riders are motivated by the desire to support sustainability
goals and reduce air pollution. The adoption of regenerative braking systems
aligns with these aspirations, contributing to more sustainable transportation
choices.
Segmental Insights
Propulsion Analysis
rising trend for emissions-free pure electric
vehicles Driven BEV Demand The market is segmented into PHEV, BEV, and HEV
based on propulsion.The largest market share of the global market was held by
the BEV segment. Fully electric vehicles are being favored by the government
through subsidies, buying incentives, and the enforcement of strict pollution
rules. For instance, in Germany, the United Kingdom, and France, BEVs receive
much more purchase incentives than PHEVs.
For instance, BEV sales accounted for over 75% of
new EV sales in the U.S., up 55% from 2016. Similar to that, BEVs sold more
than 2.9 million units in 2021 in China, where they made up about 82% of
current EV sales. After BEVs, PEVs are the second fastest-growing market
sector. In 2021, PHEV batteries will typically have a 15 kWh capacity. Using
Level 1 or Level 2 chargers comfortably results in noticeably shorter charging
periods. The demand for solutions will therefore increase as SUVs become more
prevalent.
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Regional Insights
Asia Pacific held the largest market share for
regenerative braking systems in 2021 and is predicted to increase during the
forecast period. Additionally, compared to other regions, it exhibits the
quickest growth rate. Over the projected period, it is anticipated that this
region's increasingly strict emission standards would increase demand for BEVs,
PHEVs, and FCVs. In 2021, China was mostly responsible for the rise in battery
demand in Asia Pacific. China sold more electric vehicles in 2021 than the rest
of the world combined, at more than 3.3 million. The market's second most
important region is North America. Regenerative braking in electric vehicles is
becoming more and more popular in the area as a result of rising public demand
for safe vehicle operation, reduced stress, and effective transportation. The
market has grown remarkably in both Europe and the rest of the world. Europe is
concentrating on strengthening its position in the market using tactics like
early legalization of the usage of driverless vehicles. The government is in
charge of putting autonomous vehicles into use by offering financing and
programs.
Recent Developments
- For instance, ZF unveiled a new regenerative
braking system in January 2021, designed specifically for electric vehicles.
Under the MEB platform, Volkswagen's |D.3 and 1D.4 worldwide models will come
standard with these most recent braking control technologies.
- The MK C2, an improved version of the MK C1
brake-by-wire technology, was unveiled by Continental AG in November 2021. The
MK C2 has been improved, is smaller and lighter, and can therefore be utilized
in small vehicles. Additionally, there are fewer components now, which lowers
the overall cost.
- In January 2022, Advics Co., Ltd. announced
that it would provide the regenerative coordinated braking system and electric
parking brake (EPB) for the GAC Group's GS8 hybrid car. Advics' products will
now be offered to the GAC Group model for the first time, and this decision was
made in light of the company's performance and market knowledge in the area of
electrification products.
- In April 2022, Faraday Future Intelligent Electric
Inc. announced that Brembo would be the primary supplier of the enSystem brake
caliper assembly for its FF 91 EV vehicle. For the FF 91, Brembo will supply a
unique caliper assembly. This will include the electronic parking brake as well
as the assembly, pistons, calipers, and pads.
- Mazda announced a joint venture in June 2021. Mazda
will invest 5% in a joint venture as part of its Sustainable Zoom-Zoom 2030
plan, which also calls on Toyota and Denso to develop electric vehicles. The
collaboration include creating platforms, cutting-edge braking systems, and
powertrains for their EVs.
- The US all-electric SUV is being developed by
Robert Bosch, a European supplier of technology, according to AIWAYS, a
personal mobility company based in Shanghai. For US versions, the business will
provide regenerative braking systems,
- The Integrated Mobis Electronic Brake (iMEB), a new
braking system from Hyundai Mobis, was also unveiled in February 2019. The
Hyundai Mobis iMEB system results in a 5% weight reduction and a 13% increase
in brake response. Compared to separate hydraulic systems, this offers a 30%
cost savings.
Key Market Players
- Robert Bosch GmbH
- Denso Corporation
- Continental AG
- ZF Friedrichshafen AG
- BorgWarner Inc.
- Hyundai Mobis
- Eaton
- Brembo S.P.A
- Skeleton Technologies GmbH
- Advices Co. Ltd.
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