Latest news with #AGV
Forbes
13-05-2025
- Business
- Forbes
How Schneider Electric Is Deploying Automation In-House To Showcase It
Schneider Electric's 'smart factory' in Le Vaudreuil, Normandy, France. If you were to walk past global energy management and digital automation giant Schneider Electric's factory in the commune of Le Vaudreuil, Normandy, France, its demure exterior may not quite capture your imagination. But those allowed to peek inside are greeted by an imaginative transformation of a legacy estate into a 'smart factory' of the future operated by the Forbes Global 2000 company. Its where the fourth industrial revolution or '4IR' meets manufacturing to churn out the company's hardware products. Industrial Internet of Things or 'IIoT' sensors connected to digital platforms aid with anything from plant control to raw material procurement, output monitoring to efficiencies improvement. All the while Paul, Émile, Victor and Angélique - the plant's automated guided vehicles or 'AGV' turtles and tractors - roam the shop floors fetching products, moving parts and inventory for their human counterparts, as digital scanners perform quality control tests on manufactured products. Those human counterparts utilize advanced data analytics, digital health and safety tools, artificial intelligence platforms and robotics for their routine tasks at a site that's morphed in less than a decade from a solutions testing ground to a scaled development hub. 'The plant is five decades old. The seeds of change were planted in 2018 when a gradual transformation was set in motion using Schneider Electric's homegrown automation solutions that enabled us to introduce digitalization to a manufacturing site that has very much been part of our corporate history,' said Virginie Rigaudeau, sustainable transformation project leader, communication and change management, at Schneider Electric, who has overseen the transformation. 'From supply chain to shop floor, what you see at Le Vaudreuil is electrification, digitization and automation in service of our colleagues, collaborators and suppliers and one that has had a positive impact on our external ecosystem too. "It's a full spectrum 4IR offering if you wish, that we constantly monitor and improve via live data-streams from every corner of the 14,000 square meter shopfloor - a journey kick-started by our then CEO Jean-Pascal Tricoire some seven years ago,' Rigaudeau added. Back in the day, Tricoire who is now the company's chairman, was always one to call for smart homes, smart cities, and of course, smart factories on the international energy circuit. Schneider Electric's very own smart factory does live up to its name in terms of throughput, process efficiencies and a lower carbon footprint. Data since deployment are noteworthy. Compared to 2018, the transformation has helped reduce power consumption by 35%, cut material waste by 17%, and lower CO2 emissions by 25%. 'The factory is also equipped with a zero-reject water recycling station connected to cloud analytics monitored by artificial intelligence that predicts and processes flows leading to a 64% reduction in water use,' Rigaudeau added. A worker uses digital tools at Schneider Electric's 'smart factory' in Le Vaudreuil, Normandy, ... More France. Manufacturing efficiency has improved by 10%, field failure by nearly 50% and delivery lead time by a whopping 70% from the way it was prior to a full scale solutions deployment. A 'cyber-score' is kept of it all eyeing yet further improvements. 'It's all about showcasing operational excellence, state-of-the-art engineering and what the future will look like - all underpinned by energy efficiencies,' said Anthony Loy, vice president of industrial digital transformation at Schneider Electric. The Le Vaudreuil plant, though of much obvious historical significance to a French multinational company, is one among several such global facilities on Schneider Electric's portfolio stretching from India to the U.S. 'Sitting alongside Le Vaudreuil, are our other smart factories in the U.S. (Lexington, Kentucky), India (Hyderabad), China (Wuxi) and Indonesia (Batam). In total, 11 of our sites are part of the initiative designed to further our understanding, development and upscaling of industrial information technology, operational technology and process efficiencies solutions,' Loy added. 'Essentially we are demonstrating - to both existing and prospective customers - the use cases and benefits that can be targeted in the service of the manufacturing and industrial complex by deploying the very automation and digitization solutions we market to them internally and showing them the results.' 'In today's competitive manufacturing landscape there is a solid capital expenditure, operating expenditure, business and productivity growth case for automation solutions. Operational gains, process efficiencies and fine margins matter to both us and our customers,' Loy noted. Much of it is predicated on EcoStruxure - Schneider Electric's IIoT solutions suite - for improving industrial and manufacturing outcomes. All its smart factories deploying predictive and prescriptive analytics, AI and 4IR integrated technologies like the Le Vaudreuil plant showcase it. That demonstration is mission critical for bagging new customers in a fiercely competitive automation business. Various estimates suggest the industrial automation market may witness a compound annual growth rate of 9% to 10% from being north of $180 billion last year to around $400 billion by the end of the decade. Market size and growth rates will also vary in different segments of industrial automation, according to McKinsey from automotive to food and beverage. So the growth might actually even be higher contingent upon take-up by various segments of the global economy. In each of these at any given point, Schneider Electric toughs it out with a plethora of global competitors like ABB, Honeywell, Emerson, Rockwell Automation, Siemens and Yokogawa, but to name a few. It's what makes showing to existing and potential customers 'that you are eating your own food" really important, said Barbara Frei, Executive Vice President, Industrial Automation at Schneider Electric. Barbara Frei, Executive Vice President, Industrial Automation at Schneider Electric. 'The idea that automation solutions can be sold on the strength of marketing pitches alone is not workable. You have to prove your credentials and your solutions. Our smart factories demonstrate this,' Frei added. 'Le Vaudreuil was a decades-old brownfield side prior to its transformation, and look what we have achieved with that. Throughout the journey that began in 2018, even before the smart automation that you see at play in 2025 - we regularly invited customers and partners there to see how we are using our homegrown solutions to improve our own manufacturing process and demonstrate quality standards. That counts." Frei also described it as a collaborative journey. 'Not only do we conduct our internal benchmarking, but also invite input from customers about their process efficiencies and experiences to further fine tune our solutions, ultimately for them.' The automation solutions showcasing has brought accolades too. Seven of the company's 11 smart factories have been designated as the World Economic Forum's 'sustainability lighthouses' or sites deemed as models for sustainable industrial processes and 4IR. The initiative has also spurred on a growing consulting arm for Schneider Electric that offers customers guidance on process optimization where its kit sits alongside solutions from other vendors. 'And what starts as an automation consulting partnership then often progress to a wider commercial sale, at which point the cost of the initial consultation is compensated back to the customer.' Naturally, such automation solutions do not come cheap. Schneider Electric declined to offer a steer on how much end-to-end solutions deployed at Le Vaudreuil would cost owing to commercial sensitivities. As for its market growth from automation solutions sales to end of the decade, Frei said it would be 'in several multiples.' Make what you will of that, even several billions, as the company and its competitors line up to fight it out lucrative automation arena.
Yahoo
12-05-2025
- Business
- Yahoo
MicroVision Announces First Quarter 2025 Results
REDMOND, WA / / May 12, 2025 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced its first quarter 2025 results. Key Business Highlights Established defense industry advisory board to accelerate strategic expansion and pursuit of revenue opportunities in the defense tech and military sectors. Elevated momentum toward near-term revenue opportunities from multiple leading industrial companies in the autonomous mobile robot (AMR) and automated guided vehicle (AGV) sector. Deepened executive leadership expertise, onboarding Glen DeVos, former CTO of Aptiv, as MicroVision's Chief Technology Officer, leading the Company's innovative product roadmapping and enhanced go-to-market strategy. Continued engagement with top-tier global automotive OEMs, with seven high-volume RFQs for passenger vehicles and custom development opportunities. Ramped production to meet anticipated volume demand, ensuring continuous and uninterrupted supply of sensors and integrated software. Maintained fiscal discipline following 2024 streamlining of cost structure, resulting in another quarter of sequential improvement in cash burn. Raised $8 million in the first quarter of 2025 through an equity sale, building upon the $75 million convertible note facility with an institutional investor in Q4 2024. "MicroVision is well positioned to secure revenue opportunities for 2025 from the industrial vertical," said Sumit Sharma, MicroVision's Chief Executive Officer. "Our unique value proposition continues to be our integrated perception software. We offer compelling solutions to industrial customers and automotive OEMs at attractive price points." "The recent capital raises have positioned MicroVision well in the marketplace with an improved cost structure to support customer demand. In addition, our production commitment with ZF enables us to commit to high-volume deliveries to fulfil demand in the range of $30-$50 million over the next 12-18 months," said Anubhav Verma, MicroVision's Chief Financial Officer. Key Financial Highlights for Q1 2025 Revenue for the first quarter of 2025 was $0.6 million, compared to $1.0 million for the first quarter of 2024 driven by demand primarily from industrial customers. Total operating expenses for the first quarter of 2025 were $14.1 million, representing a 47% decline YoY as compared to $26.4 million for the first quarter of 2024. Net loss for the first quarter of 2025 was $28.8 million, or $0.12 per share, which includes $16.9 million of non-cash charges including $4.7 million of non-cash charges on debt extinguishment, $2.6 million of non-cash unrealized gains on warrants and derivatives, $12.9 million of non-cash interest expense related to the financings, $1.9 million of non-cash share-based compensation expense, compared to a net loss of $26.3 million, or $0.13 per share, which includes $3.7 million of non-cash share-based compensation expense, for the first quarter of 2024. Adjusted EBITDA for the first quarter of 2025 was a $10.7 million loss, compared to a $18.7 million loss for the first quarter of 2024. Cash used in operations in the first quarter of 2025 was $14.1 million, compared to cash used in operations in the first quarter of 2024 of $20.8 million. The Company ended the first quarter of 2025 with $69.0 million in cash and cash equivalents, including investment securities, compared to $74.7 million as of December 31, 2024. As of March 31, 2025, the Company has access to $143.4 million of capital, subject to certain conditions, including $113.4 million under its existing ATM, or at-the-market, facility and $30 million from the remaining commitment pursuant to the convertible note facility. Conference Call and Webcast: Q1 2025 Results MicroVision will host a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Monday, May 12, 2025 to discuss the financial results and provide a business update. Analysts and investors may pose questions to management during the live webcast on May 12, 2025 and may submit questions HERE in advance of the conference call. The live webcast can be accessed on the Company's Investor Relations website under the Events tab HERE. The webcast will be archived on the website for future viewing. Upcoming MicroVision Retail Investor Day on May 20, 2025 MicroVision's Retail Investor Day in Redmond, Washington on Tuesday, May 20, 2025. At MicroVision Retail Investor Day, shareholders will have the opportunity to meet and ask questions of the Company's executive team, including new Chief Technology Officer Glen DeVos. Executives will discuss advancements in MicroVision's product portfolio, expansion of the Company's business strategy, and emerging market opportunities. Space is limited. Click HERE to request an invitation to attend in person in Redmond, Washington. Video highlights from the MicroVision Retail Investor Day will be available HERE within a week after the event. Information communicated in the Town Hall and interactive lunch will be information that MicroVision has publicly reported. Agenda in Redmond, Washington on Tuesday, May 20, 2025: 9:00 AM to 10:30 AM PT: Ride-along demo vehicle will tour local streets and highways, plus live interactive product demonstrations. 10:30 to 12:00 PM PT: Town Hall including management remarks and presentation. 12:00 PM to 1:00 PM PT: Interactive lunch. About MicroVision MicroVision drives global adoption of innovative perception solutions to make mobility and autonomy safer. Fueled by engineering excellence in Redmond, Washington and Hamburg, Germany, MicroVision develops and supplies an integrated solution built on its perception software stack, incorporating application software and processing data from differentiated sensor systems. MicroVision's proprietary technology solutions deliver enhanced safety for a variety of industrial applications, including robotics, automated warehouse, and agriculture, and the automotive industry accelerating advanced driver-assistance systems (ADAS) and autonomous driving, as well as for military applications. With deep roots in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software, MicroVision has the expertise to deliver safe mobility at the speed of life. For more information, visit the Company's website at on Facebook at and LinkedIn at MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners. Non-GAAP information To supplement MicroVision's condensed financial statements presented in accordance with GAAP, the Company presents investors with the non-GAAP financial measures "adjusted EBITDA" and "adjusted Gross Profit." Adjusted EBITDA consists of GAAP net income (loss) excluding the impact of the following: interest income and interest expense; income tax expense; depreciation and amortization; non-cash gains and losses; share-based compensation; and restructuring costs. Adjusted Gross Profit is calculated as GAAP gross profit before share-based compensation expense and the amortization of acquired intangibles included in cost of revenue. MicroVision believes that the presentation of adjusted EBITDA and adjusted Gross Profit provides important supplemental information to management and investors regarding financial and business trends, provides consistency and comparability with MicroVision's past financial reports, and facilitates comparisons with other companies in the Company's industry, many of which use similar non-GAAP financial measures to supplement their GAAP results. Internally, management uses these non-GAAP measures when evaluating operating performance because the exclusion of the items described above provides an additional useful measure of the Company's operating results and facilitates comparisons of the Company's core operating performance against prior periods and its business objectives. Externally, the Company believes that adjusted EBITDA and adjusted Gross Profit are useful to investors in their assessment of MicroVision's operating performance and the valuation of the Company. Adjusted EBITDA and adjusted Gross Profit are not calculated in accordance with GAAP, and should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of MicroVision's business as determined in accordance with GAAP. The Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from its non-GAAP financial measures should not be construed as an inference that these costs are unusual or infrequent. The Company compensates for limitations of the adjusted EBITDA measure by prominently disclosing GAAP net income (loss), which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation from GAAP net income (loss) to adjusted EBITDA. Similarly for adjusted Gross Profit, the Company compensates for limitations of the measure by prominently disclosing GAAP gross profit which is the difference between Revenue and Cost of revenue, which the Company believes is the most directly comparable GAAP measure, and providing investors with a reconciliation by backing out share-based compensation expense and the amortization of acquired intangibles included in cost of revenue. Forward-Looking Statements Certain statements contained in this release, including customer engagement and the likelihood of success; opportunities for revenue and cash; expense reduction; market position; product portfolio; product and manufacturing capabilities; access to capital and capital-raising opportunities; and expected revenue, expenses and cash usage are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include the risk its ability to operate with limited cash or to raise additional capital when needed; market acceptance of its technologies and products or for products incorporating its technologies; the failure of its commercial partners to perform as expected under its agreements; its financial and technical resources relative to those of its competitors; its ability to keep up with rapid technological change; government regulation of its technologies; its ability to enforce its intellectual property rights and protect its proprietary technologies; the ability to obtain customers and develop partnership opportunities; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market its products; potential product liability claims; its ability to maintain its listing on The Nasdaq Stock Market, and other risk factors identified from time to time in the Company's SEC reports, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC. These factors are not intended to represent a complete list of the general or specific factors that may affect the Company. It should be recognized that other factors, including general economic factors and business strategies, may be significant, now or in the future, and the factors set forth in this release may affect the Company to a greater extent than indicated. Except as expressly required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason. Investor Relations Contact Jeff ChristensenDarrow Associates Investor RelationsMVIS@ Media Contact Marketing@ SOURCE: MicroVision, Inc View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-03-2025
- Automotive
- Yahoo
Automated Guided Vehicles (AGV) Market Poised for Growth USD 2,837.2 Million by 2035, Amid Technological Advancements and Industry 4.0 Integration
The Automated Guided Vehicles market is set for significant expansion, driven by the growing adoption of automation in manufacturing, logistics, and warehousing. Businesses are increasingly utilizing AGVs to enhance efficiency, reduce costs, and improve safety. Advancements in artificial intelligence, IoT, and machine learning are enhancing AGV capabilities, enabling precise navigation and real-time decision-making. The rise of Industry 4.0 and smart factories is further accelerating adoption, while the booming e-commerce sector is fueling demand for warehouse automation. Additionally, supportive government policies are encouraging the integration of AGVs across industries, making automation a key component of modern supply chains. NEWARK, Del, March 10, 2025 (GLOBE NEWSWIRE) -- The Automated Guided Vehicles (AGV) market is poised for substantial growth in the coming years, driven by the increasing integration of automation across industries such as manufacturing, logistics, and warehousing. As businesses focus on enhancing operational efficiency, reducing costs, and improving workplace safety, the demand for AGVs is expected to surge. The market, valued at USD 1,314.1 million in 2025, is projected to reach USD 2,837.2 million by 2035, reflecting a steady compound annual growth rate (CAGR) of 8.0% over the forecast period. The adoption of cutting-edge technologies such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning has significantly enhanced the capabilities of AGVs, including advanced navigation, real-time data processing, and intelligent decision-making. Industry 4.0 and the growing prevalence of smart factories have played a crucial role in accelerating AGV adoption. Additionally, the rapid expansion of the e-commerce sector has led to a surge in warehouse automation, further fueling market growth. Government policies aimed at promoting automated operations within production and distribution networks are also expected to act as key enablers of AGV deployment. Furthermore, the booming e-commerce industry has created a pressing need for streamlined and efficient material handling solutions in distribution centers and warehouses. With rising consumer expectations for faster deliveries, businesses are increasingly turning to automation to optimize logistics operations and improve overall supply chain efficiency. Get Ahead with Our Report: Request Your Sample Now! Automated Guided VehiclesMarket Segmentation by Guidance Type AGVs are categorized based on their navigation and guidance systems, which determine their functionality and adaptability in industrial settings. Laser-guided AGVs are widely used in manufacturing and warehousing due to their high precision and flexibility, allowing them to navigate complex environments with ease. Vision-guided AGVs leverage cameras and artificial intelligence to interpret surroundings and adjust movements dynamically, making them ideal for industries requiring adaptive automation. Magnetic-guided AGVs, which follow magnetic tapes embedded in floors, are commonly used in structured environments with predefined paths. Wired-guided AGVs, reliant on physical wires installed in the ground, offer reliable performance in controlled industrial setups but lack flexibility. Hybrid AGVs, which combine multiple navigation technologies, are becoming increasingly popular as they provide the ability to operate in both structured and dynamic environments, ensuring greater efficiency and versatility. Impact of Industry 4.0 on AGV Adoption Industry 4.0 has played a crucial role in accelerating AGV adoption by integrating smart technologies into industrial automation. One of the key aspects of this transformation is predictive maintenance, where AGVs are equipped with IoT sensors that continuously monitor performance and identify potential failures before they occur, reducing operational downtime. Real-time data analytics is another essential component, allowing AGVs to optimize workflows and provide actionable insights for logistics and manufacturing managers. The interconnectivity of AGVs with IoT platforms enables seamless communication between different automation systems, such as robotic arms and conveyor belts, resulting in enhanced productivity and reduced manual intervention. As factories evolve into highly automated ecosystems, AGVs are expected to become a central element in optimizing production lines and warehouse operations. says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI). Role of AGVs in E-Commerce Warehouse Automation The e-commerce industry has been a major driver for AGV adoption, as companies aim to increase efficiency and reduce fulfillment times. AGVs play a critical role in order picking by retrieving items from shelves and transporting them to packaging stations, significantly reducing processing times. These vehicles are also instrumental in sorting and inventory management, using barcode and RFID scanning technology to track stock levels in real-time and minimize errors. Furthermore, AGVs contribute to last-mile distribution center operations by organizing shipments before they are dispatched, ensuring quicker and more efficient deliveries. Leading e-commerce companies such as Amazon and Alibaba have invested heavily in AGV technology to optimize supply chain operations, demonstrating its growing importance in meeting the increasing demands of online retail. Integration of AI and IoT in Automated Guided Vehicles The integration of artificial intelligence and IoT is revolutionizing AGV capabilities, making them more intelligent and self-sufficient. AI-driven navigation systems allow AGVs to analyze their surroundings, predict obstacles, and autonomously select the most efficient routes, eliminating the need for predefined paths. IoT connectivity enables real-time monitoring of AGV performance, ensuring that potential mechanical issues are detected early and allowing remote diagnostics and maintenance. The emergence of collaborative robotics, where AGVs work alongside human employees, has further expanded their applications in industries such as automotive manufacturing and logistics. These advancements are making AGVs more adaptable and efficient, paving the way for fully autonomous material handling operations. Exhaustive Market Report: A Complete Study! Safety Regulations Influencing AGV Implementation The increasing use of AGVs in industrial environments has led to stricter safety regulations to prevent accidents and ensure workplace safety. Collision avoidance systems, incorporating LiDAR sensors and 3D cameras, enable AGVs to detect obstacles in their path and make real-time navigation adjustments. Compliance with workplace integration standards is crucial, as organizations must ensure that AGVs operate safely alongside human workers while adhering to industry-specific regulations. In the United States, the Occupational Safety and Health Administration (OSHA) has set guidelines for AGV deployment, ensuring proper safety protocols are followed. Similarly, the European Union Machinery Directive mandates strict safety measures for AGVs operating in factories and warehouses. Emergency stop and manual override functions have become essential features in AGVs, providing operators with immediate control in case of system malfunctions. Advancements in AGV Navigation Technologies AGV navigation technologies have evolved significantly, allowing these vehicles to operate autonomously with higher precision and efficiency. LiDAR-based navigation enables AGVs to create detailed maps of their surroundings, facilitating obstacle detection and dynamic route planning. Simultaneous Localization and Mapping (SLAM) technology allows AGVs to build and update real-time maps while tracking their own position, improving navigation accuracy in unpredictable environments. The development of 3D vision-based guidance systems, which use AI-powered cameras to recognize and respond to objects, has further enhanced AGV adaptability. These advancements are making AGVs more reliable in complex industrial settings, expanding their applications across different industries. AGV Applications in Manufacturing and Logistics Sectors The adoption of AGVs in manufacturing and logistics is transforming how industries manage material handling and transportation. In manufacturing, AGVs facilitate the movement of raw materials, semi-finished goods, and final products, ensuring a seamless production process. The automotive sector heavily relies on AGVs for assembling vehicle components, improving efficiency and precision in assembly lines. In the logistics and warehousing sector, AGVs are used for automated storage and retrieval, minimizing human labor and reducing operational costs. As companies strive for greater efficiency and cost reduction, AGVs are becoming an integral part of modern industrial operations. Regional Analysis of AGV Market in North America and Europe North America and Europe are leading the AGV market, driven by industrial automation trends, government regulations, and rising labor costs. In North America, the United States is a key market where automotive manufacturers, logistics providers, and retail giants are deploying AGVs to streamline production and supply chain operations. Companies such as Tesla and Ford have integrated AGVs into their manufacturing processes to enhance production efficiency and reduce human intervention. Europe, particularly Germany, France, and the United Kingdom, has been at the forefront of AGV adoption due to its advanced industrial sector and stringent labor regulations. Germany, known for its dominance in automotive manufacturing, has witnessed significant AGV deployment in assembly lines and logistics centers. As automation continues to shape the industrial landscape in these regions, AGVs will play an increasingly vital role in optimizing operations. Automotive Vehicles Industry Analysis Reports! Key Players Seegrid Corporation E&K Automation Swisslog (KUKA Subsidiary) Omron Adept AGILOX Balyo Murata Machinery MiR (Mobile Industrial Robots) Schaefer Systems International Transbotics Automated Guided Vehicles (AGV) Market Segmentation By Technology Type: In terms of Technology Type: the industry is divided into Laser Guidance, Magnetic Guidance, Infrared Guidance, Wire Guidance, Inertial Guided, Optical Guided. By Application Type: In terms of Application, the industry is divided into Transportation, Distribution, Storage. By Vehicle Type: In terms of Application, the industry is divided into Unit Load Carrier, Pallet Truck, Assembly Line Vehicle, Tow Vehicle, Forklift Truck, Light Load Transporters By End Use: In terms of Application, the industry is divided into Logistics, Healthcare, Automotive, Manufacturing, Food & Beverages, Aerospace By Region: The report covers key regions, including North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa (MEA). Have a Look at Related Research Reports of Automotive The premium bicycle market is anticipated to be valued at USD 12,315.9 million in 2025. It is expected to grow at a CAGR of 7.3% during the forecast period and reach a value of USD 24,913.6 million in 2035. Global Excavators Market will hit the mark of USD 85 billion by the year 2025. Furthermore, the market will touch the figure of almost USD 129.7 billion in 2035, which represents a compound annual growth rate (CAGR) of 5.2% during the forecasting period. Automated people mover market likely to witness significant growth in the coming year. The APM market is estimated to rise from USD 581.3 million in 2025 to USD 1,050.9 million by 2035, with a CAGR of 6.1% over the forecast period. The growth rate of the world refrigerated van market during the period 2025 to 2035 will surge due to the increasing demand for temperature-controlled transportation by all sorts of industries, including food and beverage, pharmaceuticals, chemicals, and dairy products. The China autonomous crane market is projected to grow at a CAGR of 5.5% from 2025 to 2035, reaching an estimated valuation of USD 1,669.9 million by 2035. The Japan locomotive pantographs market is projected to grow steadily, reaching an estimated valuation of USD 52.4 million by 2035, with a CAGR of 5.0% from 2025 to 2035. The USA locomotive pantographs market is projected to grow steadily, reaching an estimated valuation of USD 153.7 million by 2035, with a CAGR of 4.7% from 2025 to 2035. The India autonomous crane market is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035, with the market expected to reach a valuation of USD 638.1 million by 2035. The India locomotive pantographs market is expected to grow significantly, reaching an estimated valuation of USD 94.4 million by 2035, with a CAGR of 5.7% from 2025 to 2035. The Germany locomotive pantographs market is projected to grow steadily, reaching an estimated valuation of USD 54.8 million by 2035, with a CAGR of 5.4% from 2025 to 2035. About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise. Contact Us: Future Market Insights Corporate, 200 Continental Drive,Suite 401, Newark, Delaware - 19713, USAT: +1-347-918-3531For Sales Enquiries: sales@ Twitter| Blogs | YouTubeSign in to access your portfolio
