The Electric Construction Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Electric Construction Equipment Market?
The size of the electric construction equipment market has experienced significant expansion recently. The market size which was $11.26 billion in 2024 is predicted to increase to $13.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 23.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Electric Construction Equipment Industry?
The Electric Construction Equipment Global Market is projected to be worth $30.06 billion in 2029, with a compound annual growth rate (CAGR) of 21.4%.
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What are the Key Growth Drivers Fueling the Electric Construction Equipment Market?
The key drivers in the electric construction equipment market are:
• Infrastructure development and rapid urbanization globally
• Advancements in battery technology for electric construction equipment
• Rise in the digitization of the construction industry
• Increased awareness and push for greener and renewable practices in construction.
Global Market Segmentation: Identifying Major Electric Construction Equipment Industry Segments
The electric construction equipment market covered in this report is segmented –
1) By Product Type: Track Loaders, Excavators, Backhoe Loaders, Skid Steers, Wheel Loaders, Telehandlers
2) By Equipment Type: Electric Excavator, Electric Motor Grader, Electric Dozer, Electric Loader, Electric Dump Truck, Electric Load-Haul-Dump Loader
3) By Engine Capacity Type: Less Than 5 L, 5 To 10 L, Greater Than 10 L
4) By Power Output: 50 HP, 50-150 HP, 150-300 HP and, >300 HP
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What are the Emerging Trends Shaping the Future of the Electric Construction Equipment Market?
The key trends in the electric construction equipment market are:
• Advancements in battery technology are shaping the market's future.
• There's a rising trend of digitization in the construction industry.
• The market is influenced by the global emphasis on green and renewable practices.
• Integration with advanced manufacturing processes is emerging as a significant trend.
Who Are the Top Competitors & Leading Players in the Electric Construction Equipment Market?
Major companies in the electric construction equipment market are:
• Deere & Company
• Caterpillar Inc.
• Komatsu Ltd.
• CNH Industrial N.V.
• Yanmar Construction Equipment Co. Ltd.
• Kubota Corporation
• Liebherr-International AG
• Hitachi Construction Machinery Co., Ltd.
• Bobcat Company
• Zoomlion Heavy Industry Science and Technology Co., Ltd.
• SANY Heavy Industry Co., Ltd.
• J C Bamford Excavators Ltd
• Terex Corporation
• Hyundai Construction Equipment Co., Ltd.
• Manitou Group
• Wacker Neuson SE
• Volvo Construction Equipment AB
• Doosan Infracore Co., Ltd.
• Sunward Intelligent Equipment Co., Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Europe was the largest region in the electric construction equipment market share in 2024
