Electric Construction Equipment Global Market Report 2023

Description

“Electric Construction Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electric construction equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for electric construction equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The electric construction equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Track Loaders; Excavators; Backhoe Loaders; Skid Steers; Wheel Loaders; Telehandlers

2) By Equipment Type: Electric Excavator; Electric Motor Grader; Electric Dozer; Electric Loader; Electric Dump Truck; Electric Load-Haul-Dump Loader

3) By Engine Capacity Type: Less Than 5 L; 5 to 10 L; Greater Than 10 L

4) By Power Output: 50 HP; 50-150 HP; 150-300 HP and; >300 HP

Companies Mentioned: Caterpillar Inc.; Volvo Construction Equipment; SANY Group; JCB Inc.; Hyundai CE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the electric construction equipment market are Caterpillar Inc., Volvo Construction Equipment, SANY Group, JCB Inc., Hyundai CE, Bobcat Inc., Deere & Company, King Machinery, Komatsu Ltd., Mustang CAT, Haulotte Group, Wacker Neuson SE, Toyota Motor Corporation, Hyster-Yale Group Inc., Xuzhou Construction Machinery Group Co., Yanmar Construction Equipment Co. Ltd., and Hitachi Construction Machinery.

The global electric construction equipment market is expected to grow from $7.49 billion in 2022 to $9.18 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric construction equipment market is expected to grow to $19.98 billion in 2027 at a CAGR of 21.5%.

The electric construction equipment market consists of sales of mining trucks and forklifts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Electric construction equipment is any construction equipment powered by electricity. Construction equipment is a term for heavy-duty vehicles designed expressly for carrying out construction tasks, which often involve earthmoving activities. Electric construction equipment has many advantages for the business, including lower fuel costs, fewer CO2 emissions, and a quieter, safer environment.

Europe was the largest region in the electric construction equipment market in 2022. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric construction equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types of electric construction equipment are track loaders, excavators, backhoe loaders, skid steers, wheel loaders, and telehandlers. A track loader is similar to a skid steer. They have the same shape, yet some of their attributes are distinct. Track loaders are strong and come in a variety of models. It is used for unloading trucks, digging, lifting, grading, and bulldozing. The equipment types are electric excavator, electric motor grader, electric dozer, electric loader, electric dump truck, and electric load-haul-dump loader that have an engine capacity of less than 5 L, 5 to 10 L, and greater than 10 L with power outputs of 50 HP, 50-150 HP, 150-300 HP and, >300 HP.

The increase in construction activities around the globe is expected to propel the growth of the electric construction equipment market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. The rise in the construction industry increases the demand for electric construction equipment as they are useful for various tasks and procedures carried out on a building site, including rehabilitation, assembly, and obtaining accurate measurements (rangefinder function) when installing any plumbing systems, and others. For instance, in June 2021, according to Statistics Canada, the organization charged by the Canadian government with creating data to aid in the understanding of Canada, its people, resources, economy, society, and culture, the Investment in the Canadian building construction increased by 2.7% to $20.9 billion in April 2022. Furthermore, according to The United States Census Bureau, a principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy, U.S. spending on construction increased by 9.3% from November 2020 to November 2021. Therefore, increasing construction industries across the globe are driving the growth of the electric construction equipment market.

Product innovation has emerged as the key trend gaining popularity in the electric construction equipment market. Major companies operating in the electric construction equipment sector are focused on developing innovative products to meet customer demand. For instance, in July 2022, Hitachi Construction Machinery Co., Ltd., a Japan-based construction equipment company launched ZX55U-6EB, a five-ton battery-powered excavator. The new ZX55U-6EB runs with outstanding maneuverability in small places since it has carried over the ZX55U-6 model's short tail swing. The ZX55U-6EB will enable customers to work on a wide variety of projects, such as urban construction sites, residential building projects, and waste material management projects anywhere the environment is a priority.

In May 2022, Volvo Construction Equipment, a Sweden-based company that develops, manufactures and markets equipment for construction and related industries acquired Limach for an undisclosed amount. This acquisition will allow Volvo to quickly increase the five electric small machines that are now offered in its line of electrified gear. Limach is a Netherlands-based manufacturer of electric excavators.

The countries covered in the electric construction equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The electric construction equipment market research report is one of a series of new reports from The Business Research Company that provides electric construction equipment market statistics, including the electric construction equipment industry global market size, regional shares, competitors with electric construction equipment market share, detailed electric construction equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the electric construction equipment industry. This electric construction equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: r6132

1. Executive Summary

2. Electric Construction Equipment Market Characteristics

3. Electric Construction Equipment Market Trends And Strategies

4. Electric Construction Equipment Market - Macro Economic Scenario

4.1. COVID-19 Impact On Electric Construction Equipment Market
4.2. Ukraine-Russia War Impact On Electric Construction Equipment Market
4.3. Impact Of High Inflation On Electric Construction Equipment Market

5. Electric Construction Equipment Market Size And Growth

5.1. Global Electric Construction Equipment Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Electric Construction Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Electric Construction Equipment Market Segmentation

6.1. Global Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Track Loaders
- Excavators
- Backhoe Loaders
- Skid Steers
- Wheel Loaders
- Telehandlers
6.2. Global Electric Construction Equipment Market, Segmentation By Equipment Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Electric Excavator
- Electric Motor Grader
- Electric Dozer
- Electric Loader
- Electric Dump Truck
- Electric Load-Haul-Dump Loader
6.3. Global Electric Construction Equipment Market, Segmentation By Engine Capacity Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Less Than 5 Liter
- 5 to 10 Liter
- Greater Than 10 Liter
6.4. Global Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 50 HP (Horsepower)
- 50-150 HP (Horsepower)
- 150-300 HP (Horsepower)
- >300 HP (Horsepower)

7. Electric Construction Equipment Market Regional And Country Analysis

7.1. Global Electric Construction Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Electric Construction Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Electric Construction Equipment Market

8.1. Asia-Pacific Electric Construction Equipment Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Electric Construction Equipment Market

9.1. China Electric Construction Equipment Market Overview
9.2. China Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Electric Construction Equipment Market

10.1. India Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Electric Construction Equipment Market

11.1. Japan Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Electric Construction Equipment Market

12.1. Australia Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Electric Construction Equipment Market

13.1. Indonesia Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Electric Construction Equipment Market

14.1. South Korea Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Electric Construction Equipment Market

15.1. Western Europe Electric Construction Equipment Market Overview
15.2. Western Europe Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Electric Construction Equipment Market

16.1. UK Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Electric Construction Equipment Market

17.1. Germany Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Electric Construction Equipment Market

18.1. France Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Electric Construction Equipment Market

19.1. Eastern Europe Electric Construction Equipment Market Overview
19.2. Eastern Europe Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Electric Construction Equipment Market

20.1. Russia Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Electric Construction Equipment Market

21.1. North America Electric Construction Equipment Market Overview
21.2. North America Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Electric Construction Equipment Market

22.1. USA Electric Construction Equipment Market Overview
22.2. USA Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Electric Construction Equipment Market

23.1. South America Electric Construction Equipment Market Overview
23.2. South America Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Electric Construction Equipment Market

24.1. Brazil Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Electric Construction Equipment Market

25.1. Middle East Electric Construction Equipment Market Overview
25.2. Middle East Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Electric Construction Equipment Market

26.1. Africa Electric Construction Equipment Market Overview
26.2. Africa Electric Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Electric Construction Equipment Market, Segmentation By Power Output, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Electric Construction Equipment Market Competitive Landscape And Company Profiles

27.1. Electric Construction Equipment Market Competitive Landscape
27.2. Electric Construction Equipment Market Company Profiles
- 27.2.1. Caterpillar Inc.
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Volvo Construction Equipment
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. SANY Group
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. JCB Inc.
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Hyundai CE
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Electric Construction Equipment Market

29. Electric Construction Equipment Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer