Automotive Regenerative Braking System Market Insights Video
According to Cognitive Market Research, the global Automotive Regenerative Braking System market size was USD 6251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 23.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2500.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1875.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1437.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 312.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 125.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2031.
Plug-in Hybrid Electric Vehicles (PHEVs) are now the fastest expanding segment
