Electric Construction Equipment Market: Paving the Way for Sustainability in Infrastructure (2023-2029)

Electric Construction Equipment Market

Electric Construction Equipment Market Overview:

According to market research, the Global Electric Construction Equipment Market is expected to grow rapidly during the forecast period. The report provides an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Electric Construction Equipment market. It also includes a region-wise and segment-wise analysis of the dynamics and Electric Construction Equipment market size.

Electric Construction Equipment Market Report Scope and Research Methodology

The analyst has focused on the key market trends that are likely to impact new business investments and development in the Electric Construction Equipment industry. These trends include new technology, new regulations, government investment, new uses, foreign entry, and other industry dynamics. The study includes a detailed trend analysis to help clients make informed decisions about their Electric Construction Equipment market presence.

The Electric Construction Equipment Market Research provides exclusive key statistics, facts, information, trends, and competitive landscape insights in this field. The current state of the Electric Construction Equipment market is analyzed, and the market is forecast to 2029. The study is likely to include company profiles, capacity, production, price, cost, revenue, and contact information for leading Electric Construction Equipment manufacturers in the global market. The bottom-up approach was used to estimate the global and regional Electric Construction Equipment market size.

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Electric Construction Equipment Market Regional Insights

The report includes a detailed analysis of market dynamics, market size and market share in all the regions and their countries mentioned below:

  1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  2. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  3. North America (the United States, Mexico, and Canada.)
  4. South America (Brazil etc.)
  5. The Middle East and Africa (GCC Countries and Egypt.)

Electric Construction Equipment Market Segmentation:

by Product


Product Type: In 2022, the forklift segment had the biggest market share based on product type. Forklift power sources that are less harmful to the environment are electricity and diesel. Additionally, electric vehicles require less maintenance than cars with internal combustion engines. Several countries, including the UK, India, and France, are currently phasing out the sale of cars with internal combustion engines. The benefits of electric vehicles and government policies that are supportive of them are anticipated to drive demand for electric cars over the anticipated period.

by propulsion

hybrid-electric and

Hybrid-electric vehicles demonstrated a significant compound annual growth rate (CAGR) in 2022. NGVs, plug-in hybrid electric cars (PHEVs), and hybrid electric vehicles (HEVs) are the three propulsion types. The use of plug-in hybrid vehicles is growing. The engine mechanism helps produce electricity in addition to the generators, which is used to charge the batteries in these cars. Another way to charge the battery is to connect it to an external source. These vehicles use a battery supply that can only be supplied with electricity by an engine. Natural gas vehicles run their engines on compressed natural gas (CNG), which powers the generators. This helps the hybrid car’s electric motor run, which starts it. A new battery is installed in place of the old one and discarded.

by Battery Capacity

<50 KwH
50-200 KwH
200-500 KwH and
>500 KwH

by Battery Type

Lead-acid and

by Power Output

<50 HP
50-150 HP
150-300 HP and
>300 HP

Electric Construction Equipment Market Key Players include: 

1. Caterpillar
2. CNH Industrial N.V.
3. Doosan Corporation
4. Escorts Limited
5. Hitachi Construction Machinery Co., Ltd.
6. Hyundai Construction Equipment Co., Ltd.
7. J C Bamford Excavators Ltd.
8. Deere & Company.
9. Kobelco Construction Machinery Co., Ltd.
10.Komatsu Ltd.
11.Liebherr-International AG
12.Manitou BF
14.Sany Heavy Industry Co., Ltd.
15.Sumitomo Heavy Industries, Ltd.
16.Terex Corporation
17.Volvo AB
18.Zoomlion Heavy Industry Science and Technology Co., Ltd

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Key Questions answered in the Electric Construction Equipment Market Report are:

  • What is Electric Construction Equipment?
  • What are the global Electric Construction Equipment market trends?
  • What are the emerging trends in the Electric Construction Equipment market?
  • What was the global Electric Construction Equipment market size in 2022?
  • What is the expected CAGR of the Electric Construction Equipment market during the forecast period?
  • What is the expected Electric Construction Equipment market size by 2029?
  • What factors are affecting the Electric Construction Equipment market growth?
  • Which region held the largest share of the global Electric Construction Equipment market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments with their sub-segments and region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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