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Global Electric Construction Equipment Market Size study & Forecast, by Vehicles (Excavators, Loaders, Cranes, Others), by Battery (Lithium-Ion, Lead Acid, Others), by End Use (Residential, Construction, Industrial) and Regional Analysis, 2023-2030

January 2024 | 200 pages | ID: G80F0EB6890DEN
Bizwit Research & Consulting LLP

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Global Electric Construction Equipment Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% during the forecast period 2023-2030. Electric construction equipment refers to machinery and vehicles used in the construction industry that are powered by electricity rather than traditional internal combustion engines. The Electric Construction Equipment Market is expanding because of factors such as rapid urbanization and the growing number of smart city projects. This equipment typically relies on electric motors for propulsion and other essential functions. These electric motors can be powered by batteries, which store and supply electrical energy. As a result, the demand for Electric Construction Equipment has progressively increased in the international market during the forecast period 2023-2030.

Urban areas often face challenges related to air quality and sensitive towards noise pollution, so electric construction equipment, with its lower or zero emissions compared to traditional diesel machinery, becomes an attractive option for urban construction projects aiming to reduce environmental impact. According to Statista, the global rate of urbanization accounts for 57% in 2022. North America had the highest amount of urbanization, with more than four-fifths of the population living in urban areas. Furthermore, in 2020, cities and urban areas inhabited around 82.66% of the overall population in the United States. Another important factor that drives the Electric Construction Equipment Market is the increasing number of smart city projects. Smart city projects often involve extensive infrastructure development, including the construction of smart buildings, efficient transportation systems, and advanced utilities. This increased construction activity creates a higher demand for construction equipment, including electric variants. In addition, as per Statista, Smart infrastructure is the largest segment of the global Smart City Market, with global revenues reached up to USD 70 billion in 2021. This represents a near 55% market share for smart infrastructure in the worldwide Smart City Market. Moreover, the emergence of hydrogen-powered construction equipment and rising demand for low-noise construction activities in residential areas are anticipated to create lucrative growth opportunities for the market over the forecast period. However, higher initial costs than conventional ICE equipment and complex charging infrastructure for electric construction machinery are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electric Construction Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising number of dam-building projects, the real estate industry, commercial and residential complexes, and the growth of rail and road infrastructure in the region. The region’s dominant performance is anticipated to propel the overall demand for Electric Construction Equipment. Furthermore, North America is expected to grow fastest over the forecast period, owing to factors such as increasing awareness about electrification and environmental protection measures that are expected to drive the electric construction equipment in the region.

Major market player included in this report are:

Caterpillar Inc

Volvo Construction Equipment

Hitachi Construction Machinery Co., Ltd

Komatsu Ltd

Deere & Company

J.C. Bamford Excavators Limited

Doosan Infracore Co., Ltd

Kobelco Construction Machinery Co., Ltd

Liebherr Group

Sany Heavy Industry Co., Ltd

Recent Developments in the Market:
  • In December 2023, Volvo Construction Equipment introduced its latest electric machinery, the EC55 electric compact excavator, targeting the Indian market. This electric excavator boasts an impressive operational capacity, capable of sustaining a full six to eight-hour shift on a single charge. To facilitate efficient charging, users have the flexibility to choose between AC and DC charging options. The DC fast charging option allows the machine to achieve a full charge within a speedy one to two hours, while the AC charging option conveniently enables overnight charging.
Global Electric Construction Equipment Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Vehicles, Battery, End Use, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicles

Excavators

Loaders

Cranes

Others

By Battery

Lithium-Ion

Lead Acid

Others

By End Use

Residential

Construction

Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Electric Construction Equipment Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Electric Construction Equipment Market, by Vehicles, 2020-2030 (USD Billion)
  1.2.3. Electric Construction Equipment Market, by Battery, 2020-2030 (USD Billion)
  1.2.4. Electric Construction Equipment Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET DYNAMICS

3.1. Electric Construction Equipment Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rapid urbanization
    3.1.1.2. Growing number of smart city projects
  3.1.2. Market Challenges
    3.1.2.1. Higher initial cost than conventional ICE equipment
    3.1.2.2. Complex charging infrastructure for electric construction machinery
  3.1.3. Market Opportunities
    3.1.3.1. Emergence of hydrogen-powered construction equipment
    3.1.3.2. Rising demand for low-noise construction activities in residential areas

CHAPTER 4. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY VEHICLES

5.1. Market Snapshot
5.2. Global Electric Construction Equipment Market by Vehicles, Performance - Potential Analysis
5.3. Global Electric Construction Equipment Market Estimates & Forecasts by Vehicles 2020-2030 (USD Billion)
5.4. Electric Construction Equipment Market, Sub Segment Analysis
  5.4.1. Excavators
  5.4.2. Loaders
  5.4.3. Cranes
  5.4.4. Others

CHAPTER 6. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY

6.1. Market Snapshot
6.2. Global Electric Construction Equipment Market by Battery, Performance - Potential Analysis
6.3. Global Electric Construction Equipment Market Estimates & Forecasts by Battery 2020-2030 (USD Billion)
6.4. Electric Construction Equipment Market, Sub Segment Analysis
  6.4.1. Lithium-Ion
  6.4.2. Lead Acid
  6.4.3. Others

CHAPTER 7. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY END USE

7.1. Market Snapshot
7.2. Global Electric Construction Equipment Market by End Use, Performance - Potential Analysis
7.3. Global Electric Construction Equipment Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Electric Construction Equipment Market, Sub Segment Analysis
  7.4.1. Residential
  7.4.2. Construction
  7.4.3. Industrial

CHAPTER 8. GLOBAL ELECTRIC CONSTRUCTION EQUIPMENT MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Electric Construction Equipment Market, Regional Market Snapshot
8.4. North America Electric Construction Equipment Market
  8.4.1. U.S. Electric Construction Equipment Market
    8.4.1.1. Vehicles breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Battery breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Electric Construction Equipment Market
8.5. Europe Electric Construction Equipment Market Snapshot
  8.5.1. U.K. Electric Construction Equipment Market
  8.5.2. Germany Electric Construction Equipment Market
  8.5.3. France Electric Construction Equipment Market
  8.5.4. Spain Electric Construction Equipment Market
  8.5.5. Italy Electric Construction Equipment Market
  8.5.6. Rest of Europe Electric Construction Equipment Market
8.6. Asia-Pacific Electric Construction Equipment Market Snapshot
  8.6.1. China Electric Construction Equipment Market
  8.6.2. India Electric Construction Equipment Market
  8.6.3. Japan Electric Construction Equipment Market
  8.6.4. Australia Electric Construction Equipment Market
  8.6.5. South Korea Electric Construction Equipment Market
  8.6.6. Rest of Asia Pacific Electric Construction Equipment Market
8.7. Latin America Electric Construction Equipment Market Snapshot
  8.7.1. Brazil Electric Construction Equipment Market
  8.7.2. Mexico Electric Construction Equipment Market
8.8. Middle East & Africa Electric Construction Equipment Market
  8.8.1. Saudi Arabia Electric Construction Equipment Market
  8.8.2. South Africa Electric Construction Equipment Market
  8.8.3. Rest of Middle East & Africa Electric Construction Equipment Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Caterpillar Inc
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Volvo Construction Equipment
  9.3.3. Hitachi Construction Machinery Co., Ltd
  9.3.4. Komatsu Ltd
  9.3.5. Deere & Company
  9.3.6. J.C. Bamford Excavators Limited
  9.3.7. Doosan Infracore Co., Ltd
  9.3.8. Kobelco Construction Machinery Co., Ltd
  9.3.9. Liebherr Group
  9.3.10. Sany Heavy Industry Co., Ltd

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Electric Construction Equipment Market, report scope
TABLE 2. Global Electric Construction Equipment Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Electric Construction Equipment Market estimates & forecasts by Vehicles 2020-2030 (USD Billion)
TABLE 4. Global Electric Construction Equipment Market estimates & forecasts by Battery 2020-2030 (USD Billion)
TABLE 5. Global Electric Construction Equipment Market estimates & forecasts by End Use 2020-2030 (USD Billion)
TABLE 6. Global Electric Construction Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Electric Construction Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Electric Construction Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Electric Construction Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Electric Construction Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Electric Construction Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Electric Construction Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Electric Construction Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Electric Construction Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Electric Construction Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Electric Construction Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Electric Construction Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Electric Construction Equipment Market
TABLE 71. List of primary sources, used in the study of global Electric Construction Equipment Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Electric Construction Equipment Market, research methodology
FIG 2. Global Electric Construction Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Electric Construction Equipment Market, key trends 2022
FIG 5. Global Electric Construction Equipment Market, growth prospects 2023-2030
FIG 6. Global Electric Construction Equipment Market, porters 5 force model
FIG 7. Global Electric Construction Equipment Market, pest analysis
FIG 8. Global Electric Construction Equipment Market, value chain analysis
FIG 9. Global Electric Construction Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Electric Construction Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Electric Construction Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Electric Construction Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Electric Construction Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Electric Construction Equipment Market, regional snapshot 2020 & 2030
FIG 15. North America Electric Construction Equipment Market 2020 & 2030 (USD Billion)
FIG 16. Europe Electric Construction Equipment Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Electric Construction Equipment Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Electric Construction Equipment Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Electric Construction Equipment Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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