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Electric Construction Equipment Market Size - By Equipment, By Battery Capacity, By Battery Technology, By Power Source, By End Use, Growth Forecast, 2025 - 2034
Report ID: GMI11240
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Published Date: September 2025
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Report Format: PDF
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Authors: Preeti Wadhwani, Aishvarya Ambekar
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Base Year: 2024
Companies covered: 20
Tables & Figures: 190
Countries covered: 21
Pages: 230
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Electric Construction Equipment Market
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Electric Construction Equipment Market Size
The global electric construction equipment market was valued at USD 13.6 billion in 2024. The market is expected to grow from USD 16.3 billion in 2025 to USD 106.9 billion in 2034 at a CAGR of 23.3%, according to latest report published by Global Market Insights Inc. This growth is attributed to the rising global demand for sustainable and low-emission construction machinery, increasing investments in infrastructure and smart city projects, and the expansion of electrified fleets in commercial and municipal construction
Holds 18.2% market share
Collective market share in 2024 is 50.8%
Electric Construction Equipment Market Trends
Electric Construction Equipment Market Analysis
Based on battery technology, the market is divided into lead-acid, lithium-ion and nickel-metal hydride. The lithium-ion segment dominated around 74.3% share in 2024 and is expected to grow at a CAGR of over 23.4% through 2034.
Based on power sources, the electric construction equipment market is segmented into battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). The battery electric vehicles (BEV) segment dominates the market with 74% share in 2024 and is expected to grow at a CAGR of over 23.5% from 2025 to 2034.
Based on equipment, the market is segmented into excavators, loaders, bulldozers, cranes, dump trucks, rollers and others. The excavator’s segment is expected to dominate the market throughout the forecast period.
Based on battery capacity, the market is segmented into less than 50 kWh, 50 kWh to 200 kWh and more than 200 kWh. The 50 kWh to 200 kWh segment dominates the market.
Based on end use, the market is segmented into construction, mining, material handling, agriculture and others. The construction segment dominates the market.
Asia Pacific Electric Construction Equipment Market
Asia Pacific region dominated the global market with a share of 32.8% in 2024, driven by rapid infrastructure development, urbanization, and increasing adoption of sustainable and low-emission construction machinery. Countries such as China, India, Japan, and South Korea are leading the deployment of electric excavators, loaders, and compact machinery.
The China electric construction equipment was valued at USD 954.5 million and USD 1.10 billion in 2021 and 2022, respectively. The market size reached USD 1.53 billion in 2024, growing from USD 1.3 billion in 2023.
North America Electric Construction Equipment Market
North America accounted for USD 3.72 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
US dominates the North America electric construction equipment market, showcasing strong growth potential.
Europe Electric Construction Equipment Market
The European market for electric construction equipment is anticipated to grow at a strong CAGR of 23.1% during the forecast period.
UK is estimated to grow with a significant CAGR, in the European market.
Latin American Electric Construction Equipment Market
Brazil leads the Latin American electric construction equipment market, exhibiting remarkable growth during the forecast period.
Middle East and Africa Electric Construction Equipment Market
UAE to experience substantial growth in the Middle East and Africa market in 2024.
Electric Construction Equipment Market Share
The electric construction equipment (ECE) market is shaped by a mix of established global leaders and emerging innovators, creating a dynamic and moderately consolidated competitive landscape. Key players such as Caterpillar, John Deere, Kubota, Komatsu, Doosan Infracore, Hitachi Construction, and Liebherr collectively account for a significant portion of the market share, estimated at around 45%. These companies maintain their dominance through strategic investments in electric machinery development, AI/IoT-enabled fleet management, and global expansion, while tailoring solutions to meet the evolving needs of sustainable and smart construction equipment.
To strengthen their market positions, leading firms are adopting multi-pronged strategies including product innovation, strategic partnerships, and regional expansion. These efforts aim to make electric construction machinery more efficient, cost-effective, and adaptable to varying construction and infrastructure projects.
In addition to these dominant players, other manufacturers and regional OEMs are contributing to market growth through advanced battery technologies, modular electric drivetrains, and localized deployment strategies. Their presence is particularly notable in Asia-Pacific and Europe, where rising demand for sustainable construction solutions and government incentives are driving increased adoption of electric equipment.
Overall, the market is witnessing intensified competition and greater diversity, as both established and emerging players continue to evolve their offerings and strategies to meet the global demand for efficient, low-emission, and technologically advanced construction machinery.
Electric Construction Equipment Market Companies
Major players operating in the electric construction equipment industry are:
John Deere leads the electric construction equipment industry with a share of 18.2% in 2024, offering a comprehensive portfolio of battery-electric and hybrid loaders, excavators, and compact machinery. Its strength lies in AI-enabled predictive maintenance, IoT-based fleet monitoring, and telematics-driven operational efficiency, enabling contractors and fleet operators to maximize uptime and productivity. John Deere emphasizes sustainability, energy-efficient designs, and modular battery systems, driving adoption across commercial, municipal, and industrial construction projects.
Caterpillar stands out for its expertise in heavy-duty electric and hybrid construction machinery. Its portfolio includes electric loaders, excavators, and compact equipment integrated with AI-enabled predictive maintenance, telematics, and cloud-connected fleet management. Caterpillar’s global manufacturing footprint and reliability in durable, energy-efficient machinery make it a trusted name in sustainable construction operations.
Kubota specializes in compact electric construction equipment, including mini-excavators, loaders, and utility vehicles designed for urban and residential projects. Its focus on eco-friendly designs, modular battery systems, and IoT-enabled monitoring ensures efficient, quiet, and sustainable operations. Kubota’s expertise in compact machinery and emphasis on zero-emission solutions make it a preferred choice for small-scale and urban construction applications.
Electric Construction Equipment Industry News
The electric construction equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and Volume (Units) from 2021 to 2034, for the following segments:
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Market, By Equipment
Market, Battery Capacity
Market, Battery Technology
Market, Power Source
Market, By End Use
The above information is provided for the following regions and countries: