Electric Construction Equipment Market by Equipment Type, Battery Capacity (200-500 KwH, 50-200 KwH, <50 KwH), Battery Type, Power Output, Propulsion, Application

Description

List of Tables

[197 Pages Report] The Electric Construction Equipment Market size was estimated at USD 9.72 billion in 2022 and expected to reach USD 11.01 billion in 2023, at a CAGR 13.14% to reach USD 26.10 billion by 2030.

Global Electric Construction Equipment Market

Electric Construction Equipment Market - IMG1

Electric construction equipment refers to construction machinery that is powered by electricity by replacing traditional internal combustion engines. Electric construction equipment, including excavators, loaders, cranes, bulldozers, utilize batteries or electric power connections to operate. The major factors driving the transition toward electric construction machinery include stricter emission regulations, increasing awareness of environmental sustainability, the need for noise reduction in urban construction sites, and the long-term cost savings associated with reduced fuel consumption. However, electric construction equipment faces disadvantages such as limited battery capacity, longer recharging times compared to refueling, and a current lack of infrastructure for electric charging on many job sites. The industry is actively developing more efficient and longer-lasting battery technologies to address these limitations, rapid charging solutions, and expanding charging infrastructure. In the future, advancements such as improved energy density in batteries, integration with renewable energy sources, and autonomous electric construction vehicles are expected to further enhance the capabilities and attractiveness of electric construction equipment in the market.

Regional Insights

In the Americas, especially North America, the emphasis on reducing carbon emissions and technological advancements has propelled the use of electric construction equipment. Market players are engaged in research and development (R&D), with the U.S. and Canada being home to pioneering companies pushing for electrification. In the APAC region, while nations, including China and Japan, are rapidly adopting electric technologies, driven by both policy incentives and growing environmental awareness, the overall adoption rate is inconsistent across the region's diverse economic stages. Production capabilities in APAC are strong, owing to substantial manufacturing infrastructure and technological fluency, though product penetration varies widely. The EMEA region shows a robust adoption curve for electric construction equipment, primarily due to stringent EU emissions regulations and a strong commitment to sustainability embodied in various directives and standards. European manufacturers lead in producing and exporting electric construction equipment, and the corporate scenario shows high collaboration among companies for technology sharing and joint ventures to advance the domain of electric construction equipment.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electric Construction Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Construction Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electric Construction Equipment Market, highlighting leading vendors and their innovative profiles. These include Action Construction Equipment Limited, Atlas Copco AB, Caterpillar Inc., CNH Industrial N.V., Dana Incorporated, Deere & Company, DEUTZ AG, Doosan Bobcat Inc., Dynapac Compaction Equipment AB by FAYAT SAS, Epiroc AB, Gammon Construction Limited, HD Hyundai Construction Equipment Co., Ltd., HIDROMEK, Hitachi, Ltd., J.C.Bamford Excavators Limited, Kobelco Construction Machinery Co., Ltd. by Kobe Steel, Ltd., Komatsu Ltd., Kubota Corporation, Laing O'Rourke, Liebherr-International Deutschland GmbH, Liugong Machinery Co., Ltd., Manitou BF, Multiquip Inc., Proterra Inc., Sany Heavy Industry Co., Ltd., Shantui Construction Machinery Co., Ltd., Sumitomo Heavy Industries, Ltd., Takeuchi Mfg. Co. Ltd., Volvo Group, Wacker Neuson SE, and Xuzhou Construction Machinery Group Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Electric Construction Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Equipment Type
- Electric Dozer
- Electric Dump Truck
- Electric Excavator
- Electric Load-Haul-Dump Loader
- Electric Loader
- Electric Motor Grader
Battery Capacity
- 200-500 KwH
- 50-200 KwH
- <50 KwH
- >500 KwH
Battery Type
- Lead-Acid
- Lithium-Ion
Power Output
- 150-300 HP
- 50-150 HP
- <50 HP
- >300 HP
Propulsion
- Battery-Electric
- Hybrid-Electric
Application
- Building Construction
  - Commercial Buildings
  - Industrial Buildings
  - Institutional Buildings
  - Residential Buildings
- Engineered Construction
  - Airports
  - Bridges
  - Highways
  - Tunnels

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

Market Penetration: It presents comprehensive information on the market provided by key players.
Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

What is the market size and forecast of the Electric Construction Equipment Market?
Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Construction Equipment Market?
What are the technology trends and regulatory frameworks in the Electric Construction Equipment Market?
What is the market share of the leading vendors in the Electric Construction Equipment Market?
Which modes and strategic moves are suitable for entering the Electric Construction Equipment Market?

Product Code: MRR-AD517FAAAAA4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Electric Construction Equipment Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of construction and infrastructure development activities
  - 5.1.1.2. Growing emphasis on adopting eco-friendly construction equipment
- 5.1.2. Restraints
  - 5.1.2.1. Lack of widespread charging infrastructure
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in battery life and design of electric construction equipment
  - 5.1.3.2. Rising electrification of the construction sector backed by government support
- 5.1.4. Challenges
  - 5.1.4.1. Performance limitations in extreme conditions
5.2. Market Segmentation Analysis
- 5.2.1. Equipment Type: Preference for electric loaders for their clean operation and cost-effectiveness
- 5.2.2. Battery Capacity: Significant demand for 200-500 kWh batteries for large construction projects with minimal downtime
- 5.2.3. Battery Type: Adoption of lithium-ion battery equipment due to their longevity, reduced weight, lower maintenance, and better energy density
- 5.2.4. Power Output: Growing preference for 50-150 horsepower (HP) segment of electric construction equipment for urban construction sites
- 5.2.5. Propulsion: Provision of longer run times in hybrid-based battery construction equipment
- 5.2.6. Application: Rising utilization of heavy-duty equipment capable of high torque and power outputs in the engineered construction projects
5.3. Market Trend Analysis
- 5.3.1. Rising sustainable infrastructure development and stricter government regulations for emissions and noise pollution in the Americas
- 5.3.2. Growing construction activities and significant production of electric construction equipment with strong footprint of key players in the Asia-Pacific region
- 5.3.3. Rising zero-emission construction projects coupled with robust R&D activities by emerging profiles across EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Electric Construction Equipment Market, by Equipment Type

6.1. Introduction
6.2. Electric Dozer
6.3. Electric Dump Truck
6.4. Electric Excavator
6.5. Electric Load-Haul-Dump Loader
6.6. Electric Loader
6.7. Electric Motor Grader

7. Electric Construction Equipment Market, by Battery Capacity

7.1. Introduction
7.2. 200-500 KwH
7.3. 50-200 KwH
7.4. <50 KwH
7.5. >500 KwH

8. Electric Construction Equipment Market, by Battery Type

8.1. Introduction
8.2. Lead-Acid
8.3. Lithium-Ion

9. Electric Construction Equipment Market, by Power Output

9.1. Introduction
9.2. 150-300 HP
9.3. 50-150 HP
9.4. <50 HP
9.5. >300 HP

10. Electric Construction Equipment Market, by Propulsion

10.1. Introduction
10.2. Battery-Electric
10.3. Hybrid-Electric

11. Electric Construction Equipment Market, by Application

11.1. Introduction
11.2. Building Construction
- 11.3.1. Commercial Buildings
- 11.3.2. Industrial Buildings
- 11.3.3. Institutional Buildings
- 11.3.4. Residential Buildings
11.3. Engineered Construction
- 11.4.1. Airports
- 11.4.2. Bridges
- 11.4.3. Highways
- 11.4.4. Tunnels

12. Americas Electric Construction Equipment Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Electric Construction Equipment Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Electric Construction Equipment Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
- 15.3.1. Merger & Acquisition
  - 15.3.1.1. Volvo CE Dealer Rudd Equipment Acquired by Ferronordic
  - 15.3.1.2. Volvo and Komatsu Acquiring Battery Suppliers to Aid Electrification Efforts
- 15.3.2. Agreement, Collaboration, & Partnership
  - 15.3.2.1. Volvo Construction Equipment Partners with CRH to Decarbonize Construction
  - 15.3.2.2. Portable Electric partners with Volvo Construction Equipment (Volvo CE)
  - 15.3.2.3. Hitachi CM partners with Kiesel to drive innovation
- 15.3.3. New Product Launch & Enhancement
  - 15.3.3.1. Volvo CE launches electric equipment in new market
  - 15.3.3.2. Komatsu Ready to Launch New 20-Ton Class Electric Excavators with Lithium-ion Batteries
  - 15.3.3.3. Gammon introduces the first battery-powered crawler crane to Hong Kong to reduce carbon emissions
- 15.3.4. Investment & Funding
  - 15.3.4.1. Laing O'Rourke announces AUD 12 million investment in electric construction equipment, launching Australia's first renewable fleet of 250t crawler cranes and telehandlers
- 15.3.5. Award, Recognition, & Expansion
  - 15.3.5.1. Hitachi Construction Machinery to Open Electric Vehicle Research Facility in Japan

16. Competitive Portfolio

16.1. Key Company Profiles
- 16.1.1. Action Construction Equipment Limited
- 16.1.2. Atlas Copco AB
- 16.1.3. Caterpillar Inc.
- 16.1.4. CNH Industrial N.V.
- 16.1.5. Dana Incorporated
- 16.1.6. Deere & Company
- 16.1.7. DEUTZ AG
- 16.1.8. Doosan Bobcat Inc.
- 16.1.9. Dynapac Compaction Equipment AB by FAYAT SAS
- 16.1.10. Epiroc AB
- 16.1.11. Gammon Construction Limited
- 16.1.12. HD Hyundai Construction Equipment Co., Ltd.
- 16.1.13. HIDROMEK
- 16.1.14. Hitachi, Ltd.
- 16.1.15. J.C.Bamford Excavators Limited
- 16.1.16. Kobelco Construction Machinery Co., Ltd. by Kobe Steel, Ltd.
- 16.1.17. Komatsu Ltd.
- 16.1.18. Kubota Corporation
- 16.1.19. Laing O'Rourke
- 16.1.20. Liebherr-International Deutschland GmbH
- 16.1.21. Liugong Machinery Co., Ltd.
- 16.1.22. Manitou BF
- 16.1.23. Multiquip Inc.
- 16.1.24. Proterra Inc.
- 16.1.25. Sany Heavy Industry Co., Ltd.
- 16.1.26. Shantui Construction Machinery Co., Ltd.
- 16.1.27. Sumitomo Heavy Industries, Ltd.
- 16.1.28. Takeuchi Mfg. Co. Ltd.
- 16.1.29. Volvo Group
- 16.1.30. Wacker Neuson SE
- 16.1.31. Xuzhou Construction Machinery Group Co., Ltd.
16.2. Key Product Portfolio

17. Appendix

17.1. Discussion Guide
17.2. License & Pricing