MRC Announces the Publication of its Research Report – Global Automotive Regenerative Braking System Market 2017-2021
MRC recognizes the following companies as the key players in the global automotive regenerative braking system market: Bosch, Continental, Hyundai Mobis, and ZF.
Other Prominent Vendors in the market are: Autoliv-Nissin Brake System, DENSO, and Advics North America.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Development of EDIB to optimize regenerative and conventional braking. The advent of technological innovations is paving the way for advanced braking systems that enhance the braking performance and optimize the energy efficiency of vehicles. Conventional braking system (friction brakes) and RBS; both have their set of advantages in terms of contributing to the overall performance of vehicles.”
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According to the report, one of the major drivers for this market is Increasing sales of electric vehicles. Electric vehicles are the most promising alternatives to internal combustion engine (ICE) vehicles. These vehicles have already marked their presence in the global automotive industry both in terms of popularity and volume sales. The increasing volume sales of such vehicles is inherently driving numerous markets, including the automotive RBS market. RBS is mostly used in hybrid and electric vehicles, and their growing sales is driving the market growth.
Further, the report states that one of the major factors hindering the growth of this market is Operational issues and relatively higher cost of RBS. RBS for automotive applications has numerous advantages in terms of better braking efficiency in stop-and-go traffic, which increases fuel efficiency and also aids in reducing carbon emissions. In addition, they also help in energy optimization of the engine leading to minimum energy wastage. However, there are some limitations that may hinder the market growth during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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