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The electric utility vehicles market is valued at US$ 9,203.8 million as on 2023. The market is expected to reach a valuation of US$ 38,550.2 million by 2033, and is expected to grow at a CAGR of 15.4% during the period 2023 to 2033.

There has been an increasing awareness regarding the impact of harmful emissions on the environment. Owing to this, the governments have been taking proactive steps to tackle pollution. This has led to governments incentivizing people who make use of electric utility vehicles.

Initially, the cost of the battery used in electric utility vehicles was more than US$ 1000. But with the advancements in technology, the cost has come down to US$ 100. This might increase the demand for electric utility vehicles during the forecast period.

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Furthermore, the electric utility vehicles market has witnessed a number of buyers in the agricultural sector. This is because of the fact that there were a number of cases of crops getting spoiled due to vehicular emissions. This might well increase the sales of electric utility vehicles during the forecast period.

Moreover, the users are of the view that the application of electric utility vehicles offers high convenience as these are easy to charge. This might as well surge the market growth during the forecast period.

Moreover, the cost associated with charging electric vehicles is much less as compared to the usage of fuels.

However, the growth of E-commerce market represents massive opportunity for the market of electric utility vehicles. This is owing to the fact that the electric utility vehicles seamlessly carry out the task of logistics.

Thus, based on the insights provided by FMI researchers, it can be inferred that “initiatives by the governments across the world to reduce greenhouse gas emissions, coupled with reduction of battery cost is expected to surge the electric utility vehicles market growth.”

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Key Takeaways:

• The electric utility vehicles market is valued at US$ 9,203.8 million as on 2023.
• The market is expected to reach a valuation of US$ 38,550.2 million by 2033.
• The market is anticipated to grow at a CAGR of 15.4% during the forecast period.
• Based on the regional analysis, North America is the largest market.
• Based on the country analysis, USA is the largest market, having a share of 26.8%.
• The Germany market has a share of 13.7%.
• The Japan market has a share of 1.4%.
• The Australia market has a share of 0.6%
• The China electric utility vehicles market is expected to grow at a CAGR of 18.5% during the forecast period.
• The India market is expected to grow at a CAGR of 14.5% during the forecast period.
• The UK market is expected to grow at a CAGR of 10.5% during the forecast period.
• On the basis of battery type, the lithium-ion battery has the highest market share of 73.4%.
• On the basis of application, the commercial segment has the largest market share.
• On the basis of propulsion, the pure electric segment has the highest share in the electric utility vehicles market.

Competitive Landscape

The key players operating in the market are mainly investing large amounts on technological upgradation. Apart from that, the companies are also focusing on mergers in order to expand their market.

Some of the recent developments in the electric utility vehicles market are:

• In September 2022, Bollinger Motors and Wabash announced joint development to produce last-mile refrigerated delivery electric truck.
• In September 2022, Tesla announced Joe Gebbia as new independent director.

Key Companies Profiled

Tesla, Hyundai Motor Group, General Motor Company, Mahindra Electric Mobility, Columbia Vehicle Group, Star EV Corporation, Neuron EV, Bollinger Motors, Ford Motor Company, Toyota Motor Corporation.

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Electric Utility Vehicles Market Segmentation

By Type:

• Electric ATVs
• Electric UTVs
• Electric Utility Carts
• Electric Shuttle Carts

By Battery Type:

• Lead Acid
• Lithium-ion

By Drive Type:

• 2WD
• 4WD
• AWD

By Application:

• Commercial Transport
• Recreation
• Agriculture
• Industrial
• Others

By Seating Capacity:

• 1-seater
• 2-seater
• >2-seater

By Propulsion:

• Pure Electric
• Hybrid Electric

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The overall sales of locomotive doors around the world are estimated to be a total of US$ 318.6 Million in the current year 2023. As per the global locomotive doors market analysis report, these overall sales are anticipated to grow at a rate of 5% through 2033. The report concludes the market forecast at a valuation of US$ 519 Million by the year 2033.

Rail door system demand is increasing in tandem with the growth of railway networks in developing as well as developed economies. In fact, the marketplace for any type of locomotive door systems is entirely proportionate to the market demand for rolling stock and the global locomotive market demand. So, the trend and opportunities for both markets are expected to change along with the growing need for the transport sector and infrastructure development.

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Key Takeaways from the Locomotive Doors Market Study Report

• As per this global locomotive doors market analysis report, the United States is the leading market and holds up to 18.7% of the revenue generated globally.
• Japan is one of the leading markets for locomotive doors and contributes to nearly 4.4% of its global market.
• In European Union, Germany is the dominating market in comparison to all other economies operating in the union. As per the statistics, this country acquires a market share of 5.5% of global revenue per year on average.
• Australia is also a significant player in the global locomotive doors market and contributes nearly 2.1% to it.
• China’s locomotive doors market is predicted to witness a year-on-year growth rate of 3.8% from 2023 to 2033.
• As per the Asia-specific market study, India is the fastest-growing region in the manufacturing and consumption of locomotive doors in the region. It is estimated to register a higher CAGR of 4.1% through the forecast years
• Likewise, the United Kingdom is the fastest-growing region for locomotive door business in Europe. As per the records, the UK is going to register a promising CAGR of 3.5% through 2033.
• Based on type, the external doors category makes up the most profitable segment for locomotive door manufacturers around the world. Furthermore, this segment is projected to develop remarkably and acquire 35.7% of the overall market by 2033.

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Competitive Landscape for the Locomotive Doors Market

Train door Solutions Limited, Kalsi Automatic Door System, WEGH Group, BARAT Group, Knorr-Bremse AG, IMI Norgren Herion Private Limited, STANLEY Access Technologies LLC, Ultimate Europe Transportation Equipment, Astra Vagoane Calatori, NRT Corporation, Toshi Automatic Systems Private Limited, Elmesy SRO, Fuji Electric Co. Limited, Wabtec Corporation, Schaltbau Holding, Wabtec Corporation, Nabtesco Corporation, Manusa Door Systems, Panasonic Corporation are some of the major players in the global locomotive doors market.

Prominent businesses have been producing locomotive doors that have been put in many railcars all around the world since the very first. Recently these key players have been researching curved doors that need the design of flexible or telescopic door movement. Moreover, they have created a variety of padded, extendable, or telescopic cylinders that would be put beneath the conventional locomotive door system. Manufacturers may always find fascinating alternatives to replace the outdated, inadequate rail door configurations in such locations and make a profitable business out of it.

Key Segments

By Style:

• Platform Screen Doors
• Slam Doors

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By Type of Operation:

• Mechanically Operated Doors
• Electrically Operated Doors

By Application:

• Entrance Doors
• Interior Doors
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and the Pacific
• Middle East and Africa (MEA)

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The global autonomous crane market net worth is estimated to be around US$ 3,028.7 Million in 2022 and is anticipated to register at a CAGR of 21.7% from 2022 to 2032. As per the report, the overall valuation of the autonomous crane market is expected to reach up to US$ 21,585.7 Million by the year 2032.

Deployment of the autonomous crane at the line of work is found to significantly decrease human errors along with workplace-related injuries. The need for autonomous crane machines is expanding as they assist reduce costs, speed up production, and ultimately increase efficiency. However, it is projected that the surging need for smart and intelligent cranes in the real estate, geology & excavation, maritime transport, and manufacturing industries would support the market’s growth globally.

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Since cranes are widely employed in the construction business, sales of automated cranes on the global market are anticipated to rise as well. Additionally, the need for autonomous mobile cranes is anticipated to increase as a result of evolving infrastructure sector requirements, such as increased safety and pleasant experience for the workers.

Moreover, to operate autonomous cranes effectively, skilled personnel are needed which poses a major challenge to the autonomous crane market opportunities. Contrarily, committing to long-term business agreements through contracts and pacts is anticipated to present the autonomous crane market participants with fruitful expansion opportunities.

Key Takeaways from the Autonomous Crane Market Study

• As per the autonomous crane market report of 2022, the total revenue share occupied by the static crane sector was nearly 30.5%.
• Due to the rising demand for autonomous crane services in the building and construction sector as well as the mining and excavation industry, the mobile crane segment is anticipated to develop at the quickest rate during the forecast years.
• Over the forecast years, the autonomous crane market segment dedicated to mining and excavation end-user verticals is anticipated to post a strong CAGR of 25%.
• Asia Pacific autonomous crane market is expected to register a CAGR of 24.7% due to its constantly expanding industrial sector in all emerging economies.

Competitive Landscape for the Autonomous Crane Market

AIDrivers Ltd., Cargotec Corporation, Columbus McKinnon, INTSITE Ltd., Komatsu Ltd., Konecranes Plc, Schneider Electric, SMIE, Syracuse, and VOCA are a few of the major companies profiled in this research report.

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Recent developments in the Autonomous Crane Industry

A rising number of AEC firms have begun to adopt high-end technologies such as automation and ML for optimizing their processes and creating autonomous engine cranes, like INTSITE Ltd., a Tel Aviv-based firm. To illustrate, INTSITE Ltd. revealed in 2018 that it received a US$ 1.35 Mn pre-seed investment from Terra Venture Partners as well as the Israel Innovation Authority to finance their autonomous small crane technology. To increase the security and efficiency at the construction sites, INTSITE has also planned to utilize the funding to further improve its platform, which employs image processing techniques to analyze real-time feeds from camera sensors.

Additionally, at the Aker Solutions Unmanned Demo Day in the year 2019, an autonomous engine crane guidance system created by Aker BP and Optilift AS was exhibited to businesses and the public. The technology is made so that a truck crane may handle freight logistics entirely on its own. This autonomous crane controlling system aims to let a crane dump and reload cargo from delivery cruise lines to stations without any assistance from the crew on deck.

Key Segments

By Vehicle Type:

• Static
• Mobile

By Business Type:

• OEM
• Aftermarket
• Others

By End User Verticals:

• Building & Construction
• Marine & Offshore
• Mining & Excavation
• Others

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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As per FMI, the net worth of the total sales of locomotive pantographs market in 2023 is estimated to be around US$ 445.8 Billion. This locomotive pantograph market research report covers the most recent market trends, innovations, and technologies for locomotives. It estimates that there would be a total demand for locomotive pantographs of US$ 712.5 Billion in 2033.  This value is projected to to record a CAGR of 4.8% from 2023 to 2033.

In emerging nations, the volume of cargo that needs to be handled is rapidly growing as a result of the expanding transportation industry. So, throughout the projected period, Asia-Pacific and African countries may see a considerable increase in the adoption of locomotive pantographs.

In the meantime, push-pull operations, where the trains have engines on both ends, have become common in the logistics industry globally. In these sectors, electric locomotives are chosen because they offer superior performance, economical operating expenses, lesser energy expense, and lower emissions.

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Key Takeaways from the Global Locomotive Pantographs Market Analysis Report

• As per the survey report, the United States is the leading locomotive pantograph market that makes up 19.2% of the global market share.
• In the European region, Germany is the leading market with sufficient growth opportunities for the future. As per the global locomotive pantograph statistics report, this contributes up to nearly 4.6% of the revenue generated globally.
• As per this market report, the United Kingdom is the second-largest regional market for locomotive pantographs in Europe. Further, the UK market is projected to witness the highest growth rate of 3.8% against other European countries.
• In the Asia Pacific region, Japan is the leading economy and holds 5.2% of the global locomotive pantograph industry share.
• In terms of growth rate, India is the fastest-growing economy in the production and adoption of locomotive pantographs in the world. Domestic railway infrastructure development activities along with improving export facilities are poised to grow the market at a rate of 4.5% through 2033.
• China’s locomotive pantograph industry is projected to grow at a rate of 4.1% from 2023 to 2033 and is estimated to play a significant role in global market trends. The major factor driving the market in China is its huge export potential to South East Asian and other countries.
• In the Asia Pacific region, Australia is a major contributor to the global locomotive pantographs market too. The overall share of this country with a vast railway network is estimated to be around 1.3% of the revenue generated globally.

Global Locomotive Pantographs Market to Get Further Consolidated

Some of the top manufacturers of the locomotive pantographs are TransTech, Schunk Bahn- und Industrietechnik GmbH, Hunan Zhongtong Electric Co Ltd, Morgan Korea Co Ltd, Stemmann-Technik GmbH, Toyo Denki Seizo KK, Yujin Machinery Ltd, GandZ Enterprises Ltd., Austbreck Pty Ltd., Flexicon Ltd., Solution Technology Limited, Alstom, Siemens Mobility, KONI, Hitachi, Ltd., CRRC, and Bombardier Transportation among others.

Due to the high capital and technological requirements, the global locomotive pantograph market is fragmented and has few leading participants. By purchasing other regional participants or by developing strategic relationships with other players these locomotive pantograph market key players have further consolidated the market. However, some industries have adopted the method of introducing new and cutting-edge equipment and components as their primary growth strategy.

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Key Segments

By Arm Type:

• Single Arm Pantograph
• Double Arm Pantograph

By Shape:

• Diamond Shape (For DC rakes)
• Bow Type (For both AC & DC)

By Train Type:

• High Speed Train
• Mainline Train
• Freight Train
• Metro Train
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa (MEA)

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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https://www.futuremarketinsights.com/reports/automotive-wheel-bearing-aftermarket

Automotive Garage Equipment Market:

https://www.futuremarketinsights.com/reports/automotive-garage-equipment-market

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 over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube