PUBLISHER: The Business Research Company | PRODUCT CODE: 1932467
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932467
Electric construction equipment refers to heavy-duty construction vehicles powered by electricity, offering benefits such as lower fuel costs, reduced CO2 emissions, and a quieter, safer working environment for construction tasks that often involve earthmoving activities.
Electric construction equipment encompasses various product types, including track loaders, excavators, backhoe loaders, skid steers, wheel loaders, and telehandlers. Track loaders share a resemblance with skid steers in terms of shape, but each possesses distinct attributes. Track loaders, known for their strength, come in a variety of models suitable for tasks such as unloading trucks, digging, lifting, grading, and bulldozing. The equipment types within the electric construction category include electric excavators, electric motor graders, electric dozers, electric loaders, electric dump trucks, and electric load-haul-dump loaders. These are further categorized based on engine capacity, with divisions into less than 5 L, 5 to 10 L, and greater than 10 L. Additionally, power outputs are classified into ranges of 50 HP, 50-150 HP, 150-300 HP, and greater than 300 HP.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are affecting the electric construction equipment market by increasing the cost of imported batteries, electric drivetrains, power electronics, motors, and advanced control systems. Construction equipment manufacturers in North America and Europe are most impacted due to dependence on battery cells and electronic components sourced from Asia-Pacific, resulting in higher equipment prices and extended production timelines. These tariffs have slowed fleet electrification for contractors with limited capital budgets. At the same time, tariffs are driving localization of battery assembly, domestic sourcing of electric components, and long-term investments in regional electric equipment manufacturing ecosystems.
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.
The electric construction equipment market size has grown exponentially in recent years. It will grow from $13.63 billion in 2025 to $16.48 billion in 2026 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to stricter emission regulations in construction, rising fuel cost volatility, early adoption of electric machinery in urban projects, government incentives for low-emission equipment, improvements in battery energy density.
The electric construction equipment market size is expected to see exponential growth in the next few years. It will grow to $34.72 billion in 2030 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to expansion of zero-emission construction mandates, increasing investments in charging infrastructure, rising demand for sustainable construction practices, growth of autonomous construction sites, continued advancements in high-capacity batteries. Major trends in the forecast period include acceleration of battery-electric heavy equipment adoption, increasing deployment of electric excavators and loaders, rising focus on low-noise construction operations, expansion of smart energy management systems, growing use of autonomous electric machinery.
The global increase in construction activities is expected to drive the growth of the electric construction equipment market in the coming years. The construction sector encompasses the industry involved in creating, maintaining, and repairing infrastructure. The expansion of the construction industry boosts the demand for electric construction equipment, which is essential for tasks such as site rehabilitation, assembly, and precise measurements (rangefinder functions) during plumbing installations and other construction activities. For example, in June 2024, TST Europe AG, a Switzerland-based non-governmental organization, reported that total construction spending in the U.S. reached $1.98 trillion in 2023, reflecting a 7.4% increase from the previous year, with approximately 745,000 construction businesses operating in the country. Therefore, the growth of construction industries worldwide is propelling the electric construction equipment market.
Key companies in the electric construction equipment market are focusing on developing advanced battery-powered machinery to enhance energy efficiency, reduce carbon emissions, and support sustainable construction operations. These next-generation machines are designed to deliver high performance while minimizing noise and fuel consumption, making them suitable for urban construction sites and environmentally regulated zones. For instance, in May 2025, LiuGong, a China-based construction equipment manufacturer, launched five new electric construction machines, including electric excavators and wheel loaders, designed for zero-emission operation with fast-charging lithium-ion battery systems. The new models feature intelligent power management, extended runtime, and lower total cost of ownership, enabling contractors to adopt greener equipment without compromising productivity.
In July 2024, Komatsu Ltd., a Japan-based construction and mining equipment manufacturer, completed the acquisition of GHH Group for an undisclosed amount. Through this acquisition, Komatsu aims to strengthen its position in the underground mining equipment segment, expand its product offerings for loaders, dump trucks, and drilling equipment, enhance its global customer service network, and accelerate growth in hard-rock mining markets. GHH Group, based in Germany, specializes in underground mining and tunneling equipment, including loaders, dump trucks, and utility vehicles.
Major companies operating in the electric construction equipment market are Deere & Company, Caterpillar Inc., Komatsu Ltd., CNH Industrial N.V., Yanmar Construction Equipment Co. Ltd., Kubota Corporation, Liebherr-International AG, Hitachi Construction Machinery Co., Ltd., Bobcat Company, Zoomlion Heavy Industry Science and Technology Co., Ltd., SANY Heavy Industry Co., Ltd., J C Bamford Excavators Ltd, Terex Corporation, Hyundai Construction Equipment Co., Ltd., Manitou Group, Wacker Neuson SE, Volvo Construction Equipment AB, Doosan Infracore Co., Ltd., Sunward Intelligent Equipment Co., Ltd.
Europe was the largest region in the electric construction equipment market share in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the electric construction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
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.
Electric Construction Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses 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.
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, including technological disruption, regulatory shifts, and changing consumer preferences? 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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