Global Electric And Hybrid Construction Equipment Market Size study & Forecast, by Product, Power Source, End User and Regional Forecasts 2025-2035

Description

The Global Electric And Hybrid Construction Equipment Market is valued approximately at USD 14.74 billion in 2024 and is anticipated to expand at a remarkable CAGR of over 22.80% during the forecast period 2025-2035. Electric and hybrid construction equipment has begun to reshape the construction industry landscape by ushering in a new era of sustainability, performance efficiency, and operational cost reduction. These machines, powered either fully or partially by electricity, are designed to replace or complement traditional diesel-powered equipment. Their growing prominence is primarily driven by tightening emission regulations, a surging focus on green construction practices, and increased awareness regarding carbon footprint mitigation. Furthermore, technological innovations in lithium-ion batteries and charging infrastructure have reinforced the market's growth trajectory by making electric and hybrid alternatives more practical, reliable, and economically viable.

The increasing demand for environmentally responsible construction practices has compelled industry players to accelerate the adoption of electric and hybrid technologies across various equipment types including excavators, loaders, and cranes. Electric machines are not only quieter but also significantly reduce fuel costs, maintenance frequency, and vibration-related wear, ultimately resulting in better operator experience and longer equipment life. According to the International Energy Agency, construction-related emissions represent about 40% of total global CO2 emissions; thus, transitioning to cleaner machines presents an urgent need and a lucrative opportunity. Additionally, government incentives and strategic partnerships with green tech startups are further catalyzing product innovation and deployment. However, the high initial cost of electric equipment and limited charging infrastructure-especially in emerging economies-may challenge the pace of widespread adoption in the short term.

Regionally, North America is projected to retain a substantial share of the market in 2025 owing to aggressive emissions regulation enforcement, robust investments in sustainable urban infrastructure, and a mature ecosystem of OEMs pioneering hybrid and electric construction solutions. Europe is also making significant strides, propelled by the European Green Deal and rising consumer pressure for eco-conscious construction practices. Meanwhile, the Asia Pacific region is expected to exhibit the fastest growth during the forecast period, fueled by increasing industrialization, smart city projects, and rising demand for advanced construction machinery in nations such as China, Japan, and India. Government-led decarbonization programs, urban redevelopment efforts, and support for renewable energy integration in construction sites are collectively amplifying market momentum in the region.

Major market player included in this report are:

Volvo Construction Equipment
Komatsu Ltd.
Caterpillar Inc.
Hyundai Construction Equipment Co. Ltd.
Hitachi Construction Machinery Co. Ltd.
Liebherr Group
JCB Ltd.
CNH Industrial N.V.
SANY Group
Doosan Infracore
Wacker Neuson SE
Takeuchi Mfg. Co. Ltd.
Kobelco Construction Machinery
Yanmar Holdings Co. Ltd.
Case Construction Equipment

Global Electric And Hybrid Construction Equipment Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' 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 for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Product:

Electric Excavators
Electric Loaders
Others

By Power Source:

Fully Electric
Hybrid

By End User:

Residential
Commercial
Industrial
Infrastructure

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
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Electric And Hybrid Construction Equipment Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumptions
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Electric And Hybrid Construction Equipment Market Forces Analysis

3.1. Market Forces Shaping the Global Electric And Hybrid Construction Equipment Market (2024-2035)
3.2. Drivers
- 3.2.1. Stringent Emission Regulations and Decarbonization Mandates
- 3.2.2. Technological Innovations in Battery and Charging Infrastructure
3.3. Restraints
- 3.3.1. High Upfront Capital Expenditure for Electric/Hybrid Machinery
- 3.3.2. Limited Charging and Service Infrastructure in Emerging Markets
3.4. Opportunities
- 3.4.1. Government Incentives and Green Construction Subsidies
- 3.4.2. Rising Demand for Low-Noise, Low-Vibration Equipment in Urban Projects

Chapter 4. Global Electric And Hybrid Construction Equipment Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's Five Forces Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendations & Conclusion

Chapter 5. Global Electric And Hybrid Construction Equipment Market Size & Forecasts by Product 2025-2035

5.1. Market Overview
5.2. Electric Excavators
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
5.3. Electric Loaders
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Others
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Electric And Hybrid Construction Equipment Market Size & Forecasts by Power Source 2025-2035

6.1. Market Overview
6.2. Fully Electric
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
6.3. Hybrid
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Electric And Hybrid Construction Equipment Market Size & Forecasts by End User 2025-2035

7.1. Market Overview
7.2. Residential
- 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.2.2. Market Size Analysis, by Region, 2025-2035
7.3. Commercial
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market Size Analysis, by Region, 2025-2035
7.4. Industrial
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market Size Analysis, by Region, 2025-2035
7.5. Infrastructure
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 8. Global Electric And Hybrid Construction Equipment Market Size & Forecasts by Region 2025-2035

8.1. Global Market, Regional Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Market
- 8.3.1. U.S. Market
  - 8.3.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.3.2. Canada Market
  - 8.3.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.3. End User Breakdown Size & Forecasts, 2025-2035
8.4. Europe Market
- 8.4.1. UK Market
  - 8.4.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.4.1.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.4.1.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.4.2. Germany Market
  - 8.4.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.4.2.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.4.2.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.4.3. France Market
  - 8.4.3.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.4.3.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.4.3.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.4.4. Spain Market
  - 8.4.4.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.4.4.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.4.4.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.4.5. Italy Market
  - 8.4.5.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.4.5.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.4.5.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.4.6. Rest of Europe Market
  - 8.4.6.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.4.6.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.4.6.3. End User Breakdown Size & Forecasts, 2025-2035
8.5. Asia Pacific Market
- 8.5.1. China Market
  - 8.5.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.5.1.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.5.1.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.5.2. India Market
  - 8.5.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.5.2.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.5.2.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.5.3. Japan Market
  - 8.5.3.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.5.3.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.5.3.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.5.4. Australia Market
  - 8.5.4.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.5.4.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.5.4.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.5.5. South Korea Market
  - 8.5.5.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.5.5.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.5.5.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.5.6. Rest of APAC Market
  - 8.5.6.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.5.6.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.5.6.3. End User Breakdown Size & Forecasts, 2025-2035
8.6. Latin America Market
- 8.6.1. Brazil Market
  - 8.6.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.6.1.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.6.1.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.6.2. Mexico Market
  - 8.6.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.6.2.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.6.2.3. End User Breakdown Size & Forecasts, 2025-2035
8.7. Middle East & Africa Market
- 8.7.1. UAE Market
  - 8.7.1.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.7.1.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.7.1.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.7.2. Saudi Arabia Market
  - 8.7.2.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.7.2.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.7.2.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.7.3. South Africa Market
  - 8.7.3.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.7.3.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.7.3.3. End User Breakdown Size & Forecasts, 2025-2035
- 8.7.4. Rest of Middle East & Africa Market
  - 8.7.4.1. Product Breakdown Size & Forecasts, 2025-2035
  - 8.7.4.2. Power Source Breakdown Size & Forecasts, 2025-2035
  - 8.7.4.3. End User Breakdown Size & Forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Volvo Construction Equipment
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Portfolio
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Komatsu Ltd.
9.4. Caterpillar Inc.
9.5. Hyundai Construction Equipment Co. Ltd.
9.6. Hitachi Construction Machinery Co. Ltd.
9.7. Liebherr Group
9.8. JCB Ltd.
9.9. CNH Industrial N.V.
9.10. SANY Group
9.11. Doosan Infracore
9.12. Wacker Neuson SE
9.13. Takeuchi Mfg. Co. Ltd.
9.14. Kobelco Construction Machinery
9.15. Yanmar Holdings Co. Ltd.
9.16. Case Construction Equipment