PUBLISHER: Polaris Market Research | PRODUCT CODE: 1786977
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1786977
The electric construction equipment market size is expected to reach USD 115.35 billion by 2034, according to a new study by Polaris Market Research. The report "Electric Construction Equipment Market Share, Size, Trends, Industry Analysis Report By Equipment (Excavators, Loaders, Bulldozers), By Battery Capacity, By Battery Technology, By Power Source, By End-Use Industry, By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Electric construction equipment are electric-powered machinery and tools used in building construction, infrastructure development, and other construction-related tasks. Unlike traditional diesel or gasoline-powered equipment, electric variants rely on batteries or direct electrical connections, offering a cleaner, quieter, and often more efficient alternative. This category includes electric excavators, loaders, cranes, forklifts, concrete mixers, and compactors, among others. These machines are designed to perform heavy-duty tasks such as digging, lifting, material handling, and site preparation while minimizing environmental impact.
The usage of electric construction equipment is growing rapidly due to its numerous advantages. One key benefit is reduced emissions, as electric machines produce zero on-site exhaust, making them ideal for urban projects and indoor construction where air quality is a concern. Additionally, they operate more quietly than diesel-powered equipment, reducing noise pollution, a significant advantage in residential areas or noise-sensitive zones. Electric machinery also tends to have lower operating costs since electricity is generally cheaper than diesel, and maintenance requirements are reduced due to fewer moving parts and no need for oil changes or fuel filters. These benefits of electric construction equipment are encouraging construction companies to adopt them.
In terms of equipment, the excavators segment accounted for a major market share in 2024 due to their widespread adoption across a variety of construction activities such as site preparation, trenching, demolition, and material handling.
Based on battery capacity, the 50 kWh to 200 kWh segment accounted for 42.87% of revenue share in 2024 due to its optimal balance between power output and operational efficiency.
In terms of battery technology, the lithium-ion segment dominated the market share in 2024, accounting for a 73.21% share. This is due to its superior energy density, longer lifecycle, and faster charging capabilities compared to traditional alternatives.
Based on power source, the battery electric vehicles (BEV) segment held a larger market share in 2024 owing to their zero-emission operation, lower maintenance costs, and improved energy efficiency.
Asia Pacific accounted for a 34.16% share of the global electric construction equipment market in 2024. This dominance is attributed to rapid urbanization, stringent emissions regulations, and government incentives for green construction.
The market in North America is projected to hold a substantial share in the coming years, owing to corporate sustainability goals, rising diesel prices, and stricter environmental regulations.
A few global key players in the electric construction equipment market include Caterpillar Inc.; Doosan Infracore Co., Ltd.; Hitachi Construction Machinery Co., Ltd.; JCB; John Deere; Komatsu Ltd.; Kubota Corporation; Liebherr Group; Sany Group; Terex Corporation; and Volvo CE.
Polaris Market Research has segmented the electric construction equipment market report on the basis of equipment, battery capacity, battery technology, power source, end-use industry, and region:
By Equipment Outlook (Revenue, USD Billion, 2020-2034)
Excavators
Loaders
Bulldozers
Cranes
Dump trucks
Roller
Others
By Battery Capacity Outlook (Revenue, USD Billion, 2020-2034)
Less Than 50 kWh
50 kWh to 200 kWh
More Than 200 kWh
By Battery Technology Outlook (Revenue, USD Billion, 2020-2034)
Lead-Acid
Lithium-Ion
Nickel-Metal Hydride
By Power Source Outlook (Revenue, USD Billion, 2020-2034)
Battery Electric Vehicles (BEV)
Plug-in Hybrid Electric Vehicles (PHEV)
By End-Use Industry Outlook (Revenue, USD Billion, 2020-2034)
Construction
Mining
Material handling
Agriculture
Others
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America