Technology

Fiberglass Recycling Market to Grow by USD 543.2 Million (2024-2028) as Eco-Friendly Practices Drive Revenue; AI-Redefined Market Landscape Report – Technavio

Published

1 year ago

October 29, 2024

NEW YORK, Oct. 29, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global fiberglass recycling market size is estimated to grow by USD 543.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.4% during the forecast period. Emphasis on eco-friendly practices for resource efficiency is driving market growth, with a trend towards methods for recycling fiberglass from wind turbines. However, challenges in recycling wind turbine blades poses a challenge.Key market players include Adesso Advanced Materials, Borealis AG, Carbon Rivers Inc., Eco Wolf Inc., European Metal Recycling Ltd., Gen 2 Carbon Ltd., General Kinematics Corp., Global Fiberglass Solutions Inc., Johns Manville Corp, Neowa GmbH, Owens Corning, ReFiber ApS, Sinoma Science and Technology Co. Ltd., Strategic Materials Inc., Toray Industries Inc., Veolia Environnement SA, Vestas Wind Systems AS, and WindEurope VZW ASBL.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Construction, Automotive, Aerospace, Wind energy, and Others), Type (Mechanical recycling, Thermal recycling, and Chemical recycling), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Adesso Advanced Materials, Borealis AG, Carbon Rivers Inc., Eco Wolf Inc., European Metal Recycling Ltd., Gen 2 Carbon Ltd., General Kinematics Corp., Global Fiberglass Solutions Inc., Johns Manville Corp, Neowa GmbH, Owens Corning, ReFiber ApS, Sinoma Science and Technology Co. Ltd., Strategic Materials Inc., Toray Industries Inc., Veolia Environnement SA, Vestas Wind Systems AS, and WindEurope VZW ASBL

Key Market Trends Fueling Growth

The fiberglass recycling market is experiencing notable progress, particularly in the development of advanced methods for recycling fiberglass from wind turbines. A recent innovation is a new facility in Fairfax, US, which unveiled a groundbreaking turbine blade recycling process in June 2024. This facility utilizes a patent-pending technology to process around 12 tons of turbine blades per hour. The process consists of shredding the blades and separating non-recyclable components, resulting in shredded fiberglass composite available in various forms such as fine powder and different sizes. This recycled fiberglass is poised to make a significant impact in the construction industry. Once fully operational, the facility will supply these materials for use in concrete and asphalt production, offering a sustainable alternative to traditional construction materials. This not only reduces the environmental impact of wind turbine disposal but also supports the circular economy by reintroducing recycled materials into the supply chain. The trend towards more efficient and eco-friendly recycling methods is anticipated to fuel growth in the fiberglass recycling market. As more facilities adopt similar technologies, an increase in the availability of recycled fiberglass for various applications is expected, attracting investments and fostering collaborations to improve recycling processes and expand the market for recycled fiberglass products.

The Fiberglass Recycling Market is experiencing significant growth due to the increasing demand for Fiber-reinforced plastic (FRP) in various industries, particularly Building and Construction and Transportation. The generation of FRP waste is a growing concern, leading to a need for effective recycling solutions. Recycling technologies, such as Mechanical Recycling, Pyrolysis, and Chemical Recycling, are being explored to reduce landfill waste and increase sales revenue. The Engineering Sector is embracing the Circular Economy, using recycled materials to produce new Fiberglass Composites for applications like Lightweight Vehicles, Electric Vehicles, and Green Building Initiatives. Woven Roving and Thermoplastic Fiberglass waste are valuable resources for Renewable Energy projects like Wind Energy and industries such as Aerospace and Defense with high fiberglass content. However, high recycling costs and waste disposal regulations pose challenges. Closed-loop recycling systems are being developed to address these issues, ensuring a sustainable future for Fiberglass Recycling.

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Market Challenges

The wind energy sector encounters a substantial challenge in recycling wind turbine blades, which make up a significant portion of the turbine’s composition. These blades, engineered to withstand extreme weather conditions, are primarily made of fiberglass reinforced with epoxy resin, making them incredibly durable. However, this durability poses a challenge during the recycling process. Approximately 90% of wind turbine components are easily recyclable. However, the fiberglass and epoxy resin blend in the blades is resistant to conventional recycling methods. This resistance necessitates the development of specialized recycling technologies, which are often expensive and not widely available. The high costs and technical difficulties involved in recycling these blades deter many companies from investing in the necessary infrastructure. As the number of wind turbines reaching the end of their operational life continues to increase, so does the volume of waste generated by decommissioned turbine blades. This growing waste stream underscores the urgent need for innovative recycling solutions that can efficiently and cost-effectively process these materials. The fiberglass recycling market faces significant growth hurdles due to these challenges. The high costs and technical difficulties associated with recycling fiberglass and epoxy resin blades will likely limit market expansion during the forecast period.Fiberglass recycling is a growing market with significant challenges. Mechanical and thermal recycling are common methods, but high recycling costs limit their use. Incineration and landfill waste reduction are alternatives, but they don’t fully address the circular economy goal. Demand for recycling in the engineering sector is increasing, but recycling technologies must improve to meet this need. Fiberglass waste comes from various types, including woven roving, thermoplastic fiberglass, and surface mat. Recycling applications include lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and more. Waste disposal regulations drive the need for closed-loop recycling systems. Fiberglass composites, with high, medium, and low fiberglass content, present different recycling challenges. Renewable materials offer potential solutions, but the recycling methods and costs must be competitive. Recycling fiberglass composites requires specialized technologies, such as chemical recycling. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. Recycling fiberglass types, including woven roving, thermoplastic fiberglass, and surface mat, presents various challenges. Mechanical recycling can be used for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are options for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The recycling market for fiberglass composites is growing, driven by the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. The recycling of fiberglass composites, which include woven roving, thermoplastic fiberglass, and surface mat, presents various challenges. Mechanical recycling is an option for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites, but each has its challenges. The recycling market for fiberglass composites is growing, driven by the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. The recycling of fiberglass composites, which include woven roving, thermoplastic fiberglass, and surface mat, presents various challenges. Mechanical recycling is an option for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Recycling fiberglass composites, which include woven roving, thermoplastic fiberglass, and surface mat, presents various challenges. Mechanical recycling is an option for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites, but each has its challenges. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market. The circular economy vision calls for closed-loop systems, but the current high costs and regulatory landscape limit progress. The fiberglass recycling market is growing due to the demand for lightweight vehicles, electric vehicles, green building initiatives, wind energy, aerospace and defense, and other applications. However, the high recycling costs and regulatory landscape limit the market’s growth potential. Mechanical recycling, thermal recycling, and chemical recycling are the main recycling methods for fiberglass composites. Mechanical recycling is suitable for woven roving and thermoplastic fiberglass, while thermal recycling and chemical recycling are alternatives for other types. Renewable materials offer potential solutions, but their recycling methods and costs must be competitive. Waste disposal regulations and recycling technologies are evolving, creating opportunities for innovation in the fiberglass recycling market.

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Segment Overview

This fiberglass recycling market report extensively covers market segmentation by

End-user 1.1 Construction1.2 Automotive1.3 Aerospace1.4 Wind energy1.5 OthersType 2.1 Mechanical recycling2.2 Thermal recycling2.3 Chemical recyclingGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Construction- The construction industry is a major consumer of recycled fiberglass materials, particularly fiberglass mats, which are extensively used in roofing applications. These mats are a preferred choice for residential roofing due to their versatility and cost-effectiveness. Available in a wide range of colors and styles, they cater to various architectural designs and neighborhood aesthetics. Although they may not match the luxurious appearance of high-end materials like wood shakes or natural slate, fiberglass mats have become the standard visual choice for many residential buildings. Thicker architectural shingles can even mimic the look of wood or slate, providing homeowners with more design options. Recycled fiberglass offers superior fire resistance, with a Class A fire rating, making it a suitable choice for areas prone to wildfires. While other fire-resistant materials like metal and slate exist, fiberglass shingles have an edge over organic asphalt and wood shakes and shingles due to their fire resistance. This feature not only enhances safety but also contributes to the durability and longevity of the roofing materials. In commercial construction, recycled fiberglass is valued for its durability and ease of installation. The ability to recycle fiberglass materials into new roofing products supports sustainability goals and reduces the environmental impact of construction projects. Recycled fiberglass mats maintain the same high performance and safety standards as new ones, making them a dependable choice for commercial buildings. These factors contribute significantly to the growth of the global fiberglass recycling market in the construction sector.

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Research Analysis

Fiber-reinforced plastic (FRP), also known as Glass-fiber reinforced plastic (GFRP), is a composite material with excellent strength and durability, widely used in the building and construction and transportation industries. However, the end-of-life management of FRP waste remains a challenge due to the complex composition and low recycling demand. The recycling market for FRP is growing as the circular economy gains momentum and waste management becomes increasingly important. Recycling technologies, such as pyrolysis, mechanical, and chemical methods, are being explored to reduce landfill waste and generate revenue from recycled materials. High recycling costs and the variety of fiberglass types and applications pose challenges, but advancements in technology and increasing regulations on plastic pollution offer opportunities. Renewable materials are also being explored as alternatives to fiberglass in some applications to reduce the overall environmental impact.

Market Research Overview

Fiberglass recycling refers to the process of converting waste from fiber-reinforced plastic (FRP), also known as glass-fiber reinforced plastic, into valuable resources. With the increasing use of FRP in various industries, including building and construction and transportation, the generation of FRP waste is becoming a significant challenge. Recycling technologies, such as mechanical, thermal, and chemical methods, are being explored to reduce landfill waste and increase recycling demand in the engineering sector. Pyrolysis, chemical recycling, and mechanical recycling are common recycling methods for FRP waste. Mechanical recycling involves shredding and melting the waste, while thermal recycling uses high temperatures to break down the materials into their constituent parts. Chemical recycling, on the other hand, involves breaking down the polymers in the FRP waste into their monomers, which can then be reused to produce new FRP products. The circular economy is a key driver for fiberglass recycling, as it promotes the reuse of resources and reduces plastic pollution. Renewable materials and waste disposal regulations are also playing a role in increasing the demand for recycled materials. However, high recycling costs and the need for closed-loop recycling systems are challenges that need to be addressed. Fiberglass recycling has various applications, including the production of new fiberglass composites for use in lightweight vehicles, electric vehicles, wind energy, and aerospace and defense. Different fiberglass types, such as woven roving, thermoplastic fiberglass, and surface mat, have different recycling methods and applications. In conclusion, fiberglass recycling is an essential aspect of the circular economy, and various recycling technologies are being explored to reduce waste and increase the demand for recycled materials. The engineering sector, building and construction, transportation, and renewable energy industries are key areas where fiberglass recycling can make a significant impact. However, challenges such as high recycling costs and the need for closed-loop recycling systems need to be addressed to make fiberglass recycling more economically viable and sustainable.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userConstructionAutomotiveAerospaceWind EnergyOthersTypeMechanical RecyclingThermal RecyclingChemical RecyclingGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Hexagon releases new targets at its Capital Markets Day 2026

Published

2 hours ago

April 30, 2026

Hexagon is the global leader in precision measurement, positioning and autonomous solutions with a serviceable addressable market of ~€38bn by 2030.Hexagon’s €3.7bn in revenue and ~17,000 employees are across three Business Areas – Manufacturing Intelligence, Infrastructure & Especial and Autonomous Solutions plus a Robotics Division currently in an investment phase.Recent portfolio actions, including the upcoming separation of Octave, the sale of the Design & Engineering business and the announced acquisition of Agate Technologies, have focused Hexagon on its strong core business in precision measurement & positioning technologies.Hexagon’s organic growth will be driven by strong end market potential and structural tailwinds, new product introductions and an operating model focused on accountability and closeness to customers.Hexagon launches new financial targets for the 2026 – 2030 period of average organic revenue growth of 4-6%, an EBITDA margin of 24-26%[1] and an EBITDA cash conversion of 90-100%. It also targets reducing Scope 1 & 2 emissions by 70% by 2030, from a 2022 baseline.

[1] EBITAC is defined as adjusted EBIT1 excluding capitalised and amortised R&D. See pages the appendix for further information

STOCKHOLM, April 30, 2026 /PRNewswire/ — Hexagon AB is hosting its Capital Markets Day today in London. At the event, President and CEO Anders Svensson, CFO Enrique Patrickson and the Presidents of Hexagon’s Business Areas will set out Hexagon’s ambitious growth strategy and its new 2026–2030 financial targets.

“Hexagon enters this new phase as a focused global leader in precision measurement and positioning, with a solutions portfolio essential to enabling industrial autonomy,” said Anders Svensson, President and CEO of Hexagon. “Our new targets reflect both the quality of our portfolio and the discipline of The Hexagon Way. With a strong leadership team and the financial flexibility to invest behind our growth priorities both organically and through synergistic acquisitions, we are well placed to deliver value creation for shareholders.”

“Today we are taking transparency to the next level — enhancing our disclosures, introducing EBITAC as our key profitability metric and providing clarity around our capital allocation priorities,” said Enrique Patrickson, CFO of Hexagon. “EBITAC is the right metric for Hexagon, a technology company with a significant R&D spend, funding market-leading product launches that drive our growth. With additional transparency comes additional accountability. We commit to drive capital allocation around R&D, M&A and Dividends with discipline and rigor.”

New sustainability targets

70% reduction in Scope 1 & 2 emissions by 2030 (from 2022 baseline)Net-zero by 2050

New 2026–2030 financial targets

Average annual organic revenue growth of 4-6%EBITAC margin in the range of 24-26%Annual cash conversion (of EBITAC) of 90-100%

A focused group focused on enabling industrial autonomy

Hexagon has undertaken significant portfolio changes, namely the upcoming spin-off of Octave and the sale of the Design & Engineering business. The resulting business is a focused global leader in precision measurement and positioning with proforma 2025 revenue of €3.7bn, EBITAC of €826m (22% EBITAC margin) and ~17,000 employees.

Hexagon is organised into three business areas – Manufacturing Intelligence, Infrastructure & Geospatial (formerly Geosystems) and Autonomous Solutions – alongside the Robotics Division, currently in an investment phase.

The overarching growth opportunity that underpins Hexagon’s long-term strategy is enabling customers to move towards true autonomy in their industrial operations.

President and CEO Anders Svensson will outline how Hexagon’s precision measurement and positioning technologies, digital twins and spatial intelligence capabilities are essential to enabling this true industrial autonomy. Hexagon holds market leadership positions across its serviceable addressable market, which is estimated to grow to ~€38bn by 2030.

Anders will also outline the key changes to Hexagon’s operating model. The Hexagon Way is an accountability-driven, decentralised model built around three strategic enablers: innovation and AI; portfolio management and M&A; and people & culture.

Central to this model is a clear accountability structure: the group’s three Business Areas are divided into 17 Divisions, each with full ownership of its financial performance and a defined strategic mandate covering three value creation priorities – Stability, Profitability and Growth.

The group-wide enablers allow Divisions to identify and execute on strategies targeted specifically to their markets and customers while drawing on the scale and resources of the broader Hexagon organisation. This balance of focused execution at the Division level and shared capability at the group level is designed to unlock each Division’s full potential and drive overall performance and shareholder value.

Hexagon’s new mid-term financial targets for 2026 to 2030 will be outlined by CFO Enrique Patrickson alongside a new financial framework including revised metric definitions designed to improve transparency, capital allocation and shareholder value creation.

The new 2026-30 through the cycle targets are:

Average annual organic revenue growth of 4–6% (CAGR 2026–2030)EBITAC margin in the range of 24–26%Annual cash conversion (of EBITAC) of 90–100%

In 2025, Hexagon achieved organic growth of 2.6%, an EBITAC margin of 22% and cash conversion (of EBITAC) of 109%.

Capital allocation

Hexagon’s capital allocation priorities are, in order: reinvestment in organic growth, value-accretive bolt-on M&A, a progressive dividend, and selective larger strategic moves where they enhance long-term shareholder value. The Group’s strong cash conversion and balance sheet provide the flexibility to pursue these priorities through the cycle.

Business Area presentations

Senior leadership from Hexagon’s Business Areas will provide additional context on strategy, markets and Business Area targets. The presenters will be:

Andreas Renulf, President, Manufacturing Intelligence Business AreaHenning Sandfort, President, Infrastructure & Geospatial Business AreaGordon Dale, President, Autonomous Solutions Business AreaArnaud Robert, President, Robotics Division

EBITAC – EBIT1 excluding capitalisation & amortisation of R&D

Hexagon is introducing EBITAC as its primary profitability measure. By immediately reflecting the full cost of R&D investments on the P&L, it will provide a tool to focus management firmly on the return on investment of R&D, go-to-market and capital investments and support performance management and capital allocation. The top end of the target EBITAC margin range (26%) was last achieved in 2021 and corresponds to the highest EBIT1 margin achieved by Hexagon in the last 5-years.

It is defined as adjusted EBIT1 excluding capitalised and amortised R&D.

Hexagon will continue to report EBIT1 (adjusted operating profit) for full transparency. A bridge between reported EBIT, EBIT1 and EBITAC and the EBITAC performance between 2024 and 2025 can be found in the appendix to this announcement.

Profitability metric bridge, 2025

Item

€M

Reported EBIT

575

Add: in year adjustments (impairments, restructuring, LTIP, PPA)

+372

EBIT1

947

Subtract: R&D capitalisation

-340

Add: R&D amortisation

+195

EBITAC

802

Subtract: in year robotics costs

+24

EBITAC (target definition)

826

Robotics – AEON, a potential global market leader in humanoid Robotics

Investment in Robotics to double from €24m in 2025 to €50m in 2026.Pilots with BMW, Schaeffler, Pilatus & Fill underway.Robotics is an exciting opportunity for significant value creation.

Due to its rapidly evolving structure Hexagon has decided to exclude Robotics from the 2026-30 financial targets and the calculation of EBITAC. This gives better visibility on the core group performance.

The financial performance of Robotics will be disclosed on a quarterly basis.

New sustainability targets

Hexagon is committed to operating responsibly for the good of the environment. It has set challenging new targets for emission reductions. Hexagon targets a 70% reduction in Scope 1 & 2 emissions by 2030 (from a 2022 baseline) and net-zero in Scope 1, 2 & 3 by 2050.

In 2025 Hexagon saw a 33% reduction in Scope 1 & 2 emissions from its 2022 baseline.

Joining instructions

The webcast will be streamed here: https://edge.media-server.com/mmc/p/d2han2qw/

FOR MORE INFORMATION, CONTACT:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 30 April 2026.

Appendix – Reconciling EBIT1 & EBITAC performance, 2025 quarterly

Metric

Q1 2025

Q2 2025

Q3 2025

Q4 2025

FY 2025

Revenue €m

961.5

1,010.5

976.0

1,053.1

4,001.2

EBIT1 €m

248.7

260.0

264.7

299.1

1,072.4

Subtract: capitalisation of R&D €m

-94.6

-94.7

-91.1

-84.1

-364.5

Add: amortisation of R&D €m

54.6

54.3

59.2

50.4

218.5

EBITAC €m

208.7

219.6

232.8

265.3

926.4

In year robotics cost €mEBIT

-4.7

-5.9

-5.6

-7.6

-23.7

EBITAC (excluding robotics costs)

213.4

225.5

238.3

272.9

950.1

EBIT1 margin %

25.9 %

25.7 %

27.1 %

28.4 %

26.8 %

EBITAC margin %

21.7 %

23.8 %

25.2 %

23.2 %

EBITAC margin % (excluding robotics costs)

22.2 %

22.3 %

24.4 %

25.9 %

23.7 %

Appendix – Reconciling EBIT1 & EBITAC performance, 2025 quarterly, excluding Design & Engineering

Metric

Q1 2025

Q2 2025

Q3 2025

Q4 2025

FY 2025

Revenue €m

888.2

939.4

907.1

980.3

3,715.0

EBIT1 €m

225.0

231.1

235.5

255.4

947.0

Subtract: capitalisation of R&D €m

-88.6

-88.0

-84.8

-78.3

-339.6

Add: amortisation of R&D €m

48.2

48.0

53.3

45.8

195.3

EBITAC €m

184.6

191.1

204.0

223.0

802.7

In year robotics cost €m

-4.7

-5.9

-5.6

-7.6

-23.7

EBITAC (excluding robotics costs)

189.3

196.9

209.6

230.5

826.4

EBIT1 margin %

25.3 %

24.6 %

26.0 %

26.1 %

25.5 %

EBITAC margin %

20.8 %

20.3 %

22.5 %

22.7 %

21.6 %

EBITAC margin % (excluding robotics costs)

21.3 %

21.0 %

23.1 %

23.5 %

22.2 %

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Technology

Accountants Streamline Cash Flow with ezACH Direct Deposit Software

Published

2 hours ago

April 30, 2026

Eliminate payment delays, reduce manual errors, and gain full control with a low-cost and high-quality ACH solution built for modern accounting workflows.

REDMOND, Wash., April 30, 2026 /PRNewswire/ — Halfpricesoft.com developers understand that businesses demand faster payments and greater financial control, and now accountants are rethinking how they manage transactions. ezACH direct deposit software will simplify payment processing, accelerate cash flow, and reduce costly errors.

Clients are encouraged to download and test ezACH today to purchase to confirm compatibility.

ezACH empowers accountants to securely process electronic payments for clients, vendors, payroll, and tax obligations, all from one streamlined platform. By generating ACH files that can be uploaded directly to a bank, the software removes the need for manual payment handling and outdated processes.

“Speed and accuracy are critical in today’s financial environment,” said Dr. Ge, Founder of Halfpricesoft.com. “ezACH gives accountants the ability to process multiple payments quickly and securely, without added complexity or cost.”

Designed with flexibility in mind, ezACH allows users to manage unlimited transactions for unlimited companies at a one-time flat rate of $199.00, making it a cost-effective alternative to subscription-based payment platforms. Try it today!

Why Accountants Are Making the Switch:

Process ACH payments for vendors, clients, payroll, and tax agenciesEliminate manual entry and reduce costly errorsImport data easily from CSV files or other Halfpricesoft applicationsHandle unlimited companies and transactions with no recurring feesMaintain full control over payment timing and processingClients can upload transactions for up to $4.99 to test compatibility

Halfpricesoft.com offers a variety of applications that will seamlessly integrate with ezACH software:

ezPaycheck: A new version of ezACH has just been released to support import CSV with ezPaycheck importing. ezCheckprinting: Business check writer for vendors, miscellaneous and draft checks. https://www.halfpricesoft.com/product_ezCheck.aspezAccounting: DIY in-house bookkeeping and payroll solution for one flat rate. https://www.halfpricesoft.com/accounting/accounting-software.asp

With a one-time cost of $199 per installation, ezACH offers long-term savings compared to subscription-based services. There are no hidden fees, and users can process unlimited ACH transactions. (Note: Banks may apply their own ACH processing fees. We recommend contacting your bank for compatibility prior to purchase).

Simplify the business operations and boost efficiency with the powerful, all-in-one solutions fromHalfpricesoft.com. To save both time and money, get started today at HalfPriceSoft.com for no cost or obligation

About Halfpricesoft.com

Halfpricesoft.com has been delivering affordable, reliable business software solutions for over 20 years. Its suite of products, including payroll, accounting, check printing, tax filing, and ACH deposit software, helps small businesses, accountants, and nonprofits streamline operations and reduce costs. Trusted by thousands nationwide, Halfpricesoft.com remains committed to simplifying financial management with powerful, budget-friendly tools.

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SOURCE Halfpricesoft.com

Technology

Neusoft Smart Go and Tencent Cloud Forge Strategic Partnership to Build a New AI-Powered Intelligent Cockpit Ecosystem

Published

2 hours ago

April 30, 2026

BEIJING, April 30, 2026 /PRNewswire/ — At Auto China 2026, Neusoft Smart Go, a subsidiary of Neusoft Corporation (SSE:600718), officially announced its strategic upgrade. The company now aims to become a global leading provider in full-domain upper-body electronics solutions for intelligent vehicles. At the same time, Neusoft Smart Go and Tencent Cloud announced a strategic partnership. Aligning with “AI-defined vehicles” trend, the two parties will focus on key areas such as intelligent cockpits, on-device AI large model applications, ecosystem content integration, in-vehicle cybersecurity, and cloud services. By integrating their technologies and resources, they will engage in in-depth collaboration to develop AI-powered intelligent cockpit products and solutions that offer enhanced interactivity and emotional experiences, accelerating the intelligent transformation of entire vehicles.

The integration of AI large models and ecosystems into vehicles is essentially a full-chain systematic project covering hardware-software architecture adaptation, data processing, compliance assurance, and real-time response. Currently, automakers face challenges such as high in-house R&D expenses, ecosystem integration hurdles, and a lack of differentiated user experiences. They urgently require full-domain solutions that seamlessly integrate hardware and software, offer comprehensive ecosystem coverage, and enable rapid mass production to meet users’ core demands for multi-modal interaction, full-scenario services, and continuous OTA updates.

As a leading cloud service provider in China, Tencent Cloud has core strengths in on-device large models, in-vehicle ecosystems and applications, cloud services, and data compliance assurance. It also offers a full-chain app ecosystem spanning social media, music, maps, and more. In this partnership, the two parties will take Neusoft Smart Go’s next-gen intelligent cockpit system as the core platform, deeply integrating Tencent Cloud’s on-device large models to jointly develop a benchmark AI-powered intelligent cockpit featuring natural conversations, proactive interactions, and highly emotional, smooth experiences. Furthermore, they will fully integrate a wide range of ecosystem apps, enabling seamless transitions between mobile phones and in-vehicle systems across all scenarios.

At present, Neusoft Smart Go has established a product matrix covering a full range of in-vehicle electronics solutions, including central computing platforms, cockpit-driving-parking integration, intelligent cockpits, intelligent communications, intelligent audio systems, and zonal control units. Through a dual-track strategy of high-end cutting-edge solutions and mature standardized products, it can flexibly meet the mass production needs of vehicle models across different regions and price segments worldwide. Leveraging Tencent’s intelligent driving cloud, data compliance, OTA technical support, and AI platform services, the two parties will provide stable, secure, and intelligent hardware-software integrated solutions tailored to the diverse needs of global automakers, comprehensively assisting them in achieving intelligent and AI-driven upgrades for entire vehicles.

Jian Guodong, Senior Vice President of Neusoft and CEO of Neusoft Smart Go, said, “The integration of AI large models and full-scenario ecosystems represents an inevitable trend and a shared vision for both Neusoft Smart Go and Tencent Intelligent Mobility. Leveraging Neusoft Smart Go’s technical expertise in the full domain of upper-body electronics and Tencent’s leading solutions in AI large models and full-chain ecosystems, the two parties will collaborate to provide global automakers with truly mass-producible and evolvable AI-powered intelligent cockpit solutions.”

Zhong Xuedan, Vice President and Head of Tencent Intelligent Mobility, said, “We share complementary strengths and similar philosophies with Neusoft Smart Go, laying a solid foundation for cooperation. Both parties will further deepen cooperation in AI-powered intelligent cockpits, jointly exploring proactive interactions and emotional services powered by large models, transforming the cockpit into a smarter companion that better understands users.”

The deep integration of on-device AI large models and full-scenario ecosystems is reshaping the value boundaries and user experiences of intelligent cockpits. The automotive industry needs to accelerate innovation and mass production, achieving a balance between advanced technologies and cost-effectiveness. Neusoft Smart Go will focus on enhancing its systematic integration, software-hardware synergy, and global delivery capabilities. Through collaboration with more ecosystem partners, it will provide sustained momentum for the intelligent transformation of the automotive industry.

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SOURCE Neusoft Corporation