PUBLISHER: QYResearch | PRODUCT CODE: 1872356
PUBLISHER: QYResearch | PRODUCT CODE: 1872356
The global market for Construction Machinery Battery was estimated to be worth US$ 6622 million in 2024 and is forecast to a readjusted size of US$ 29508 million by 2031 with a CAGR of 21.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Construction Machinery Battery cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Construction Machinery Battery refers to the rechargeable power source specifically designed to supply energy to electric or hybrid construction equipment, such as excavators, loaders, bulldozers, and cranes. These batteries are engineered to meet the high power demands, durability, and rugged operating conditions typical of construction sites. They often utilize lithium-ion or other advanced chemistries to ensure long cycle life, fast charging, and reliable performance in harsh environments. As the construction industry shifts toward electrification for reduced emissions and improved energy efficiency, construction machinery batteries play a critical role in enabling sustainable operations.
The Construction Machinery Battery market is witnessing a significant transformation driven by the global shift toward electrification and carbon neutrality. Key players such as CATL, EnerSys, and EVE Energy dominate the industry, collectively accounting for over half of the global market share. These companies are investing heavily in R&D and expanding production capacity to meet the growing demand for reliable, high-capacity battery solutions. The adoption of battery-powered construction equipment is becoming more widespread as regulatory pressures increase and end-users seek to reduce operating costs and emissions.
Asia-Pacific leads the market, contributing approximately 60% of global revenue, primarily due to the rapid urbanization, infrastructure development, and strong government policies supporting electrification in countries like China and India. The region is also home to some of the most advanced battery manufacturers and construction machinery OEMs, fostering a strong supply chain and favorable ecosystem for growth. Europe and North America are also emerging as significant markets, driven by sustainability targets and construction sector innovation.
In terms of product type, lithium-ion batteries dominate the market with a 72% share, thanks to their superior energy density, longer lifespan, and fast-charging capabilities. As battery technology continues to evolve, new chemistries and battery management systems are enhancing the efficiency and safety of these batteries, making them more suitable for demanding construction applications. Traditional lead-acid batteries still hold some presence, especially in low-cost or legacy machinery, but their share is declining steadily.
Among applications, forklifts represent a notable segment with about 13% market share, reflecting the early adoption of electrification in material handling equipment. However, other segments such as excavators, loaders, and cranes are catching up rapidly as manufacturers release battery-electric models and construction firms explore green alternatives. Over the next few years, the market is expected to see accelerated adoption across all equipment types, supported by advances in battery technology, falling costs, and the global push toward decarbonizing the construction industry.
This report aims to provide a comprehensive presentation of the global market for Construction Machinery Battery, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Construction Machinery Battery by region & country, by Type, and by Application.
The Construction Machinery Battery market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Construction Machinery Battery.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Construction Machinery Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Construction Machinery Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Construction Machinery Battery in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.