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PUBLISHER: Grand View Research | PRODUCT CODE: 1122271
PUBLISHER: Grand View Research | PRODUCT CODE: 1122271
Compact Electric Construction Equipment Market Size, Share & Trends Analysis Report By Product (Forklift, Loader, Excavator, Aerial Work Platform (AWP)), By Ton (Below 5 Ton, 6 To 8 Ton, Above 8 Ton), By Region, And Segment Forecasts, 2022 - 2030
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Compact Electric Construction Equipment Market Growth & Trends:
The global compact electric construction equipment market size is projected to reach USD 138.7 billion by 2030, expanding at a CAGR of 13.5% from 2022 to 2030, according to a new study by Grand View Research, Inc. Construction activities are augmenting across the globe majorly due to rapid urbanization and industrialization in developed and developing countries. Likewise, the governments are increasing their spending on infrastructure development which is responsible to boost construction activities. This, high construction activity is increasing demand for excavators and loaders that are compact and environment friendly thus driving the market growth.
An exponential increase in demand for compact and battery-operated forklifts from the warehouse industry which helps them lower the operational cost and eliminate the need for manpower is another factor expected to augment the target market's growth. Additionally, governments across the globe are banning the use of ICE engines to tackle the rising environmental problems. This ban on fossil fuel vehicles is subsequently changing auto manufacturers' approach toward the development and introduction of electric vehicles.
For instance, in March 2022, AB Volvo, a global manufacturer of construction equipment announced the introduction of a new ECR25 Electric excavator. The newly launched 2.5ton compact excavator product is expected to attract new customers and help the company enhance its business. Thus, stringent government regulations about the environment and the introduction of advanced compact electric machines from manufacturers are factors expected to support the market growth.
The high cost associated with electric construction equipment is a major factor expected to hamper the global compact electric construction equipment market growth. However, rapid technological advancements in Li-ion technology are expected to lower the battery prices which is anticipated to lower the product prices in coming years, along with an increasing government approach towards achieving net-zero emission are factors expected to create new opportunities for the industry players.
Compact Electric Construction Equipment Market Report Highlights:
- The forklift segment dominated the market in 2021. The segment is expected to witness progressive demand, due to the high demand for compact and eco-friendly forklifts from the warehouse industry for material handling applications
- The below 5-ton segment is expected to register a CAGR exceeding 13% over the forecast period. This growth can be attributed to the ban on sales of ICE vehicles and increasing investment by major players in the development of mini excavators as they tend to be less costly compared to large excavators
- The Asia Pacific region is expected to witness faster growth over the forecast period. It is ascribed to favorable government policies to boost infrastructure projects across emerging economies such as India, China, and Southeast Asian countries
Product Code: GVR-4-68039-967-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology Segmentation & Scope
- 1.2. Information procurement
- 1.2.1. Purchased database
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third-party perspectives
- 1.2.4. Primary research
- 1.3. Information analysis
- 1.3.1. Data analysis models
- 1.4. Market formulation & data visualization
- 1.5. Data validation & publishing
Chapter 2. Executive Summary
- 2.1. Compact Electric Construction Equipment Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
Chapter 3. Compact Electric Construction Equipment Market Variables, Trends & Scope
- 3.1. Market Size and Growth Prospects, 2018 - 2030
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
- 3.5. Business Environment Analysis Tools
- 3.5.1. Industry Analysis - Porter's Five Forces Analysis
- 3.5.2. PEST Analysis
Chapter 4. Compact Electric Construction Equipment Market Product Outlook
- 4.1. Compact Electric Construction Equipment Market Share by Product, 2020 & 2030 (USD Million)
- 4.2. Forklift
- 4.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.3. Loader
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.4. Excavator
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.4.3. Mini
- 4.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.4.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.4.4. Midi
- 4.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.4.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.5. AWP
- 4.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.5.3. Telehandler
- 4.5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.5.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.5.4. Boom
- 4.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.5.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 4.5.5. Scissor
- 4.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.5.5.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
Chapter 5. Compact Electric Construction Equipment Market Ton Outlook
- 5.1. Compact Electric Construction Equipment Market Share by Ton, 2020 & 2030 (USD Million)
- 5.2. Below 5 Ton
- 5.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 5.3. 6 to 8 Ton
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
- 5.4. 8 to 10 Ton
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4.2. Market estimates and forecast by region, 2018 - 2030 (USD Million)
Chapter 6. Compact Electric Construction Equipment Market: Regional Outlook
- 6.1. Compact Electric Construction Equipment Market Share by Region, 2020 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.3.4. U.K.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.3.6. Rest of Europe
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.4.7. Rest of Asia Pacific
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
- 6.5. Rest of the World
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecast by product, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecast by ton, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Caterpillar
- 7.1.1. Company overview
- 7.1.2. Financial performance
- 7.1.3. Product benchmarking
- 7.1.4. Recent developments
- 7.2. JCB
- 7.2.1. Company overview
- 7.2.2. Financial performance
- 7.2.3. Product benchmarking
- 7.2.4. Recent developments
- 7.3. HAULOTTE GROUP
- 7.3.1. Company overview
- 7.3.2. Financial performance
- 7.3.3. Product benchmarking
- 7.3.4. Recent developments
- 7.4. Wacker Neuson SE
- 7.4.1. Company overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.4. Recent developments
- 7.5. Toyota Motor Corporation
- 7.5.1. Company overview
- 7.5.2. Financial performance
- 7.5.3. Product benchmarking
- 7.5.4. Recent developments
- 7.6. Hyster-Yale Group, Inc.
- 7.6.1. Company overview
- 7.6.2. Financial performance
- 7.6.3. Product benchmarking
- 7.6.4. Recent developments
- 7.7. SANY Group
- 7.7.1. Company overview
- 7.7.2. Financial performance
- 7.7.3. Product benchmarking
- 7.7.4. Recent developmentsDaiichi J
- 7.8. Volvo CE
- 7.8.1. Company overview
- 7.8.2. Financial performance
- 7.8.3. Product benchmarking
- 7.8.4. Recent developments
- 7.9. Hyundai CE
- 7.9.1. Company overview
- 7.9.2. Financial performance
- 7.9.3. Product benchmarking
- 7.9.4. Recent developments
- 7.10. Bobcat
- 7.10.1. Company overview
- 7.10.2. Financial performance
- 7.10.3. Product benchmarking
- 7.10.4. Recent developments
Product Code: GVR-4-68039-967-5
List of Tables
- Table 1 List of Abbreviations
- Table 2 Compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 3 Compact electric construction equipment market, by region, 2018 - 2030 (USD Million)
- Table 4 Compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 5 Compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 6 Forklift market, 2018 - 2030 (USD Million)
- Table 7 Forklift market, by region, 2018 - 2030 (USD Million)
- Table 8 Loader market, 2018 - 2030 (USD Million)
- Table 9 Loader market, by region, 2018 - 2030 (USD Million)
- Table 10 Excavator market, 2018 - 2030 (USD Million)
- Table 11 Excavator market, by region, 2018 - 2030 (USD Million)
- Table 12 Mini market, 2018 - 2030 (USD Million)
- Table 13 Mini market, by region, 2018 - 2030 (USD Million)
- Table 14 Midi market, 2018 - 2030 (USD Million)
- Table 15 Midi market, by region, 2018 - 2030 (USD Million)
- Table 16 AWP market, 2018 - 2030 (USD Million)
- Table 17 AWP market, by region, 2018 - 2030 (USD Million)
- Table 18 Telehandler market, 2018 - 2030 (USD Million)
- Table 19 Telehandler market, by region, 2018 - 2030 (USD Million)
- Table 20 Boom market, 2018 - 2030 (USD Million)
- Table 21 Boom market, by region, 2018 - 2030 (USD Million)
- Table 22 Scissor market, 2018 - 2030 (USD Million)
- Table 23 Scissor market, by region, 2018 - 2030 (USD Million)
- Table 24 Electric compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 25 Electric compact electric construction equipment market, by region, 2018 - 2030 (USD Million)
- Table 26 North America compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 27 North America compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 28 North America compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 29 U.S. compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 30 U.S. compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 31 U.S. compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 32 Canada compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 33 Canada compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 34 Canada compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 35 Europe compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 36 Europe compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 37 Europe compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 38 U.K. compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 39 U.K. compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 40 U.K. compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 41 Germany compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 42 Germany compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 43 Germany compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 44 Rest of Europe compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 45 Rest of Europe compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 46 Rest of Europe compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 47 Asia Pacific compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 48 Asia Pacific compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 49 Asia Pacific compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 50 China compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 51 China compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 52 China compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 53 India compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 54 India compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 55 India compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 56 Japan compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 57 Japan compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 58 Japan compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 59 Rest of Asia Pacific compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 60 Rest of Asia Pacific compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 61 Rest of Asia Pacific compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
- Table 62 Rest of the World compact electric construction equipment market, 2018 - 2030 (USD Million)
- Table 63 Rest of the World compact electric construction equipment market, by product, 2018 - 2030 (USD Million)
- Table 64 Rest of the World compact electric construction equipment market, by ton, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Compact electric construction equipment market, 2020 (USD Million)
- Fig. 2 Compact electric construction equipment market segment
- Fig. 3 Compact electric construction equipment market, 2018 - 2030 (USD Million)
- Fig. 4 Value chain analysis
- Fig. 5 Compact electric construction equipment market driver impact
- Fig. 6 Compact electric construction equipment market challenge impact
- Fig. 7 Compact electric construction equipment penetration & growth prospects mapping
- Fig. 8 Compact electric construction equipment market - Porter's Five Forces analysis
- Fig. 9 Compact electric construction equipment market - PEST analysis
- Fig. 10 Compact electric construction equipment market, by product, 2020 & 2030 (USD Million)
- Fig. 11 Compact electric construction equipment market, by ton, 2020 & 2030 (USD Million)
- Fig. 12 Compact electric construction equipment market, by region, 2020 & 2030
- Fig. 13 North America Compact electric construction equipment market - Key takeaways
- Fig. 14 Europe Compact electric construction equipment market - Key takeaways
- Fig. 15 Asia Pacific Compact electric construction equipment market - Key takeaways
- Fig. 16 Rest of the World Compact electric construction equipment market - Key takeaways
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