Report Description Table of Contents Industry Report and Statistics (Facts & Figures) - Units Sold & ASP by OEM Components, By Vehicle Type, By Propulsion & Battery Technology The electric construction equipment market in 2023 was worth USD 12.97 billion, and by 2030, it will be worth USD 41.86 billion, growing at a 21.56% CAGR during the forecast period. Due to higher pollution rates and high fuel prices, the construction sector is rapidly switching towards electric alternatives. By 2025, most of the heavy equipment is expected to switch from diesel to an electric or hybrid powertrain, and this trend is expected to intensify during the following years. EVs are a desirable option for the construction industry for several reasons, including decreased noise pollution, improved air quality, increased precision, and ease of use. However, the Total Cost of Ownership (TCO) is an important factor in the adoption of electric construction equipment. Small, compact machinery like mini-excavators, small wheel loaders, and dump trucks are leading the development of electrified construction vehicles. Additionally, buildings and their construction account for nearly 40% of yearly energy-related carbon dioxide emissions and more than 35% of worldwide energy use, according to the United Nations Environment Program. In light of the global climate issue, the building sector needs to discover ways to utilize cleaner energy sources. Electric construction equipment’s like excavators, loaders, dump trucks, cranes, concrete mixers, pavers, drills, and breakers are frequently utilized in construction projects. Electric motors and batteries are used to power the movement, lifting, excavating, mixing, and other functions of this equipment. There are benefits of using electric construction equipment, including enhanced performance, regulatory compliance with pollution requirements, and lower running expenses. These tools are also considered as more eco-friendly alternatives and help lessen the carbon imprint of construction activities. Battery-powered construction equipment is becoming more affordable for OEMs as governments and organizations increasingly provide subsidies and incentives to utilize electric industrial machinery, including construction equipment. Market Drivers (Growing demand for sustainability, rising government laws and initiatives to reduce noise, increasing implementation of strict pollution laws, increasing concerns about climate change, and rising fuel prices are accelerating the demand for electric construction equipment). Many businesses, especially in the construction sector, place more emphasis on sustainability. In an attempt to hold themselves accountable for achieving sustainability and other objectives, many organizations have developed Environmental, Social, and Corporate Governance (ESG) targets. To help achieve carbon reduction goals, some businesses follow the Science Based Targets Initiative to establish clear pathways. Cities all throughout the world work to minimize emissions by implementing emission standards and impose restrictions on emissions-producing vehicles in specific areas. As a result, there will be a greater need for electric construction machinery that emits no emissions and can operate in emission-free zones. The increasing demand for environmentally friendly equipment and techniques has increased the need for electric machinery in construction projects. According to an HSE research, WHO indicated that road and vehicle noise affected 44% of the population in Europe, with 17,000 people who got impacted in the UK. This emphasizes the need for stringet noise control measures. Initiatives and laws aimed at reducing noise in residential areas are being developed as a result of the noise produced by diesel-powered construction equipment. For instance, city officials in Oslo, Norway, plan to use electric equipment on all public construction sites by 2025. Leading NRMM studies are being conducted in London and Paris to reduce construction emissions and noise in residential areas. These trials also promote the use of electric vehicles for city work, adhere to noise regulations, permit daytime operations, expedite projects, and save costs by using top-quality, compact, quiet urban equipment. Thus, these measures and initiatives are helping the market for electric construction equipment to grow. The introduction of strict pollution laws has accelerated the trend towards the adoption of battery-powered construction equipment globally. Construction companies are facing challenges in using diesel-powered equipment due to stricter emissions regulations by governments and regulatory agencies worldwide for off-road diesel engines. Examples of international trends in an effort to cut exhaust emissions from non-road mobile machinery are the European Stage V Emission Regulations & China VI Emission Standard. The US Environmental Protection Agency has implemented stringent emissions regulations for off-highway (non-road) diesel engines, particularly those found in construction equipment, utilizing a synchronized approach to minimize emissions. The most recent standard in North America, Tier 4 Final, keeps particulate and nitrogen oxide emissions from new diesel engines to almost zero. Manufacturers have made an attempt to create construction equipment with less emissions in order to fulfill these criteria, especially compact ones that are simpler to produce and power. Electric construction equipment is aiding in combating global warming in the building sector. Electrification of construction equipment is a step towards reducing emissions. Electric construction vehicles do not require gasoline or diesel, which means that they do not produce any carbon emissions. Lithium-ion batteries used in electric vehicles reduce greenhouse gas emissions, promoting sustainability. Therefore, the growing concerns about climate change are accelerating the demand for electric equipment in the construction sector, as the construction sector is responsible for 37% of carbon emissions. As technology advances and supply & demand rise in the construction equipment market, electrification has emerged as a major development. With the rising prevalence of alternative-powered technology, the popularity of electric construction equipment is growing rapidly. The growing fuel and diesel price makes electric equipment an attractive option for consumers, eventually boosting market demand. Restraints (Powering Through Challenges: Unveiling Restraints in the Electric Construction Equipment Market) Due to their limited power capacity, electric off-highway vehicles face difficulties in long-haul applications, particularly in large mining operations where dump trucks, essential for transporting materials over long distances, struggle with battery limitations. The development of the market for electric construction equipment is hampered by inconsistent charging standards and compatibility problems, such as different voltage levels (e.g., 120VAC for Level 1, 240VAC for Level 2, and 480VAC for DC rapid charging). Furthermore, the long recharge time of electric construction equipment is also hampering the growth of the market. For example, Compact electric construction equipment typically has a runtime of 4 to 8 hours on a full charge. Depending on the power supply, a full charge may take up to 10 hours. Opportunity (A Green Future: Opportunities for Growth in the Electric Construction Equipment Market) The increased adoption of electric construction equipment is largely due to advancements in battery technology. New battery technology developments have improved energy density, power output, and durability, allowing electricity use in larger and more demanding equipment. The compact electric excavator is one of the most popular types of electric construction equipment. The advancement in battery technology is enabling manufacturers to electrify heavy machinery, such as cranes and mining trucks. Electric construction equipment can operate for more hours when charging takes place more quickly. Along with chargers, charging solutions have progressed dramatically. In order to guarantee a prolonged battery life, chargers are thoroughly tested, even in harsh environments, and closely designed with battery and equipment manufacturers. Therefore, advancement in battery & charging technology will open up new vistas of opportunities for large construction equipment in the coming years. Heavy construction equipment like backhoes, excavators, dozers, graders, and others may switch from diesel to all-electric power over the next 20 years to reduce emissions, presenting a growth opportunity for electric construction equipment. Several nations have passed laws banning the sale of gas and diesel automobiles in an effort to lessen the negative environmental effects of human activity and cut carbon emissions. By 2030, the sale of new gas and diesel automobiles will be prohibited in various nations, including Ireland, Norway, India, and the Netherlands. Powering Diverse Needs: Segmenting the Electric Construction Equipment Market The segmentation of electric construction equipment is done on the basis of OEM Components, vehicle type, propulsion type, battery capacity, and region. By OEM Component Batteries EV Cables Powertrains Motors Inverters Battery Control Unit Others. Sensors Onboard Chargers Controllers Others By Vehicle Type Electric motor grader Electric excavator Electric dozer Electric dump truck Electric loader Electric load haul dump loader Others By Propulsion Type Plug-in Electric Vehicle Battery Electric Vehicle Fuel Cell Electric Vehicle Hybrid Electric Vehicle By Battery Capacity <50 KwH 200-500 KwH >500 KwH 50-200 KwH By Region (Powering Up the Globe: Top Regions Driving the Electric Construction Equipment Market) North America Canada United States Asia Pacific South Korea China Japan India Australia Rest of APAC Europe France Germany Spain Italy UK Rest of Europe In terms of OEM components, in 2022, the battery segment ruled the market with a share of 27.89% and revenue of USD 2.45 Bn. Battery plays an integral role in powering an electric construction vehicle. There has been a recent surge of interest in lithium-ion battery-powered gear in the construction industry. Battery-powered construction equipment is a great alternative as it emits no emission at the point of use. 11% of the carbon emissions related to energy come from the construction industry globally. On the basis of vehicle type, the electric excavator segment ruled the market with a revenue share of 29.12% in the year 2022 due to significant market investments and rising adoption rates. Excavators are widely utilized in all construction processes and are popular electric machines. As the construction industry is moving a step closer towards electrification, the popularity of electric excavators is rapidly growing as it helps to reduce emissions and produce low noise on the construction site. Electric mini excavators are the most widely used excavators because they offer zero exhaust emission, emit less CO2, and produce less noise, contributing to a greener environment. Electric excavators are anticipated to become increasingly prevalent in the construction sector as technology advances and environmental concerns intensify. On the basis of propulsion type, in 2022, the battery electric vehicle segment held the majority of the market, with a share of 34.57%. The need for electric construction equipment will rise along with the adoption of battery-powered equipment worldwide due to stricter pollution laws and high fuel prices. In a drive to electrify construction equipment, Caterpillar and Pon Equipment have introduced an all-electric 26-ton excavator with a massive 300 kWh battery pack. The device will improve the working environment for its staff members by lessening noise and air pollution at construction locations. In terms of battery capacity, the 50-200 KWH segment ruled the market with a revenue share of 31.24% in 2022. In comparison to any other range of battery, the 50-200 KWH battery capacity is mostly used in electric construction equipment. Large batteries cannot fit in the limited space of construction equipment. The equipment can accommodate smaller batteries in the 50-200 kWh range more easily without substantially impacting its size, weight, or operation. The range and capabilities of these devices could be increased in the future when greater battery capacities become possible and cost-effective. Europe was the biggest regional market in 2022, with a revenue share of 36.24%, and by 2027, the market will be worth USD 8.561.3 Bn. France, Germany, & the UK are the biggest markets, with Germany leading the market with a 71.86% share. The significant share of this region is due to government sustainability efforts and strict emission regulations. The construction sector produces around 9% of the European GDP, which also supports 18 million jobs. Germany rules the European market for highway electric vehicles thanks to growing demand for economical, environmentally friendly mining and construction machinery, supported by a significant presence of top producers of electric off-highway machinery and proactive governmental sustainability initiatives. To lessen air pollution, the European Union (EU) has set strict emissions requirements for construction machinery. To meet pollution targets, regulations such as Stage V emissions standards require the use of eco-friendly technology like electric and hybrid powertrains. Building a Sustainable Future: How Key Players are Shaping the Electric Construction Equipment Market Volvo CE Komatsu Ltd. JCB Caterpillar Inc. Sunward Atlas Copco CNH Industrial N. V. John Deere Doosan Corporation Schaffer Kuhn Schweiz Hyundai CE Others Electric Construction Equipment Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market size value in 2023 USD 12.97 Billion Revenue Forecast in 2030 USD 41.86 Billion Growth rate CAGR of approximately 21.56 % Base year for estimation 2022 Historical data 2017 – 2021 Unit USD Billion, CAGR (2023 - 2030) Segmentation OEM Component, Vehicle Type, Propulsion Type, Battery Capacity, and Geography. By OEM Component Batteries, EV Cables, Powertrains, Motors, Inverter, Battery Control Unit, Others; Sensors, Onboard Chargers, Controllers, Others By Vehicle Type Electric motor grader, Electric excavator, Electric dozer, Electric dump truck, Electric loader, Electric load haul dump loader, Others By Propulsion Type Plug-in Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle By Shielding Type Copper, Aluminum, Others By Battery Capacity <50 KwH, 200-500 KwH, >500 KwH, 50-200 KwH By Region Asia Pacific, North America, Europe, LAMEA Country Scope U.S., Canada, France, Germany, U.K., China, Japan, India, South Korea, Mexico, Brazil, U.A.E. etc. Company Usability Profiles Volvo CE, Komatsu Ltd., JCB, Caterpillar Inc., Sunward, Atlas Copco, CNH Industrial N. V., John Deere, Doosan Corporation, Schaffer, Kuhn Schweiz, Hyundai CE, Others Pricing and purchase options Avail customized purchase options to meet your exact research needs. The Electric Revolution Shifts Gears: Recent Developments in Construction Equipment In February 2023, Action Construction Equipment revealed India’s first electric mobile crane. The ACE F150-ev 4X4 is a versatile electric crane designed for both on-road transportation and pick-and-carry applications. It has been built with careful attention to detail in order to ensure maximum power and productivity while remaining adaptable to Indian conditions as a part of our commitment to promote sustainable technology. In April 2023, Volvo Construction Equipment & Services (VCES) California became the first Volvo Construction Equipment Dealer to receive Portable Electric's Voltstack e-Charger, marking a significant advancement in the electrification of construction sites. Volvo CE's 245 North American dealer locations will allow consumers to combine the Voltstack 30k Level 2 e-Charger with the purchase of Volvo electric machinery as part of this agreement. In February 2023, Volvo Construction Equipment launched its first electric product in India, the EC55 electric compact excavator. The electric excavator can work for a full shift of six to eight hours on a single charge. In comparison to AC charging, which takes overnight, DC fast charging allows the device to be fully charged in one to two hours. In July 2022, Volvo Construction Equipment (Volvo CE) partnered with Beam Global, a leading provider of sustainable products & electric vehicle (EV) charging technology, energy storage, energy security, and outdoor media, to offer off-grid charging systems for Beam EV ARC in conjunction with the purchase of Volvo electric equipment at 245 of Volvo CE's dealer locations in North America. With the help of this combined solution, building sites may quickly set up EV charging without the need for electrical work, utility grid connections, or fossil fuel generators to power solar-powered, zero-emission construction machinery. In October 2022, Caterpillar added four battery-powered machines to its portfolio for the construction industry. The battery-powered machine prototypes include the 301.9 tiny excavator, 320 medium excavator, 950 GC medium wheel loader, and 906 compact wheel loader. The machines have an onboard AC charger powered by Caterpillar battery prototypes. Additionally, the business intends to provide an offboard DC rapid charging alternative. Frequently Asked Question About This Report What are the Trends in Electric Construction Equipment? Growing demand for sustainability, rising government laws and initiatives to reduce noise, increasing implementation of strict pollution laws, increasing concerns about climate change, and rising fuel prices are accelerating the demand for electric construction equipment. Which Types of Vehicles are been Covered in the report? Vehicles like electric excavators, electric loaders, electric motor grade, electric load haul dump loaders, electric dump trucks, etc, are covered in the Electric Construction Equipment Market report. How big is the Electric Construction Equipment Market? The electric construction equipment market in 2021 was worth USD 8.78 billion, and by 2030, it will be worth USD 41.86 billion, growing at a 21.56% CAGR during the forecast period. Which is the leading Segment in the market? The propulsion type is the leading segment in the market, with BEV ruling the propulsion type with a 38.79% share. Which Company holds the largest share in electric construction equipment market? Caterpillar is the leading company in electric construction equipment market with a revenue share of nearly 16.3% in 2022. Sources: https://www.oemoffhighway.com/electronics/power-systems/batteries-capacitors/article/22418641/briggs-stratton-commercial-power-is-battery-powered-equipment-the-future-of-the-construction-industry https://www.oemoffhighway.com/trends/electrification/article/22671184/deltaq-technologies-trends-in-electric-construction-equipment https://yardlink.com/blog/electric-construction-equipment https://www.accelerazero.com/news/electric-mini-excavators-and-their-role-future-decarbonized-construction https://electrek.co/2019/01/29/caterpillar-electric-excavator-giant-battery-pack/ https://dozr.com/blog/electric-construction-equipment https://cleantechnica.com/2020/04/09/worlds-first-zero-emission-electric-construction-site/ https://theicct.org/sites/default/files/publications/EU-Stage-V_policy%20update_ICCT_nov2016.pdf https://www.caterpillar.com/en/news/corporate-press-releases/h/Caterpillar-expands-construction-industries-portfolio.html https://www.constructionequipmentguide.com/vces-receives-first-portable-electric-voltstack-e-charger/61539 https://economictimes.indiatimes.com/industry/renewables/ace-launches-electric-crane-to-expand-manufacturing-capacity/articleshow/97661558.cms?from=mdr https://www.ivtinternational.com/news/hybrid-electric-vehicles/volvo-ce-partners-on-swedens-largest-fossil-free-worksite.html Table of Contents 1. EXECUTIVE SUMMARY 1.1. Market Attractiveness 1.2. Understanding the Target Customers 1.3. CXO perspective 1.4. Global Construction Equipment Market, Historical Market Size & Future Projections Analysis 1.5. Global Construction Equipment Market, By Construction Equipment 1.6. Global Construction Equipment Market, By Propulsion Type 1.7. Global Construction Equipment Market, By Battery Capacity 1.8. Global Construction Equipment Market, By Country 2. MARKET SHARE ANALYSIS 2.1. Top 10 Players with Revenue and Sales Volume 2.2. Market Share, 2022 3. SALES VOLUME (UNITS SOLD), BY COUNTRY, FORECAST TILL 2030 3.1. Middle East (United Arab Emirates, Egypt, Israel, Oman, Bahrain, Qatar, Saudi Arabia, Rest of Middle East) 3.2. Africa (Nigeria, South Africa, Egypt, Algeria, Ethiopia, Morocco, Rest of Africa) 3.3. North America (United States, Canada) 3.4. Europe (UK, Germany, France, Netherlands, Italy, Spain, Benelux, Rest of Europe) 3.5. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC) 4. INVESTMENT OPPORTUNITIES IN THE MARKET 4.1. On Going Market Developments 4.2. Merger & Acquisition Trends 4.3. Key Investment Opportunities 4.4. Most Potential Product Segments from Growth and Investment Perspective 5. CURRENT TRENDS, MARKET DEVELOPMENTS AND ONGOING INITIATIVES BY ELECTRIC CONSTRUCTION EQUIPMENT OEM’S 5.1. Current OEM Product Lines and their Latest Technological Innovations 6. TRENDS OF MINI EXCAVATORS, MEDIUM EXCAVATOR & WHEEL LOADERS IN ELECTRIC CONSTRUCTION EQUIPMENT’S MARKET 7. ELECTRIC TECHNOLOGY ADOPTION AMONG CONSTRUCTION EQUIPMENT MANUFACTURERS IN THE MIDDLE EAST AND AFRICA 8. MARKET INTRODUCTION 8.1. Definition 8.2. Scope of the Study 8.3. Market Structure 8.4. Macro Factor Indicator Analysis 8.5. Key findings 8.5.1. Top investment pockets 9. RESEARCH METHODOLOGY 9.1. Research Process 9.2. Primary Research 9.3. Secondary Research 9.4. Market Size Estimation 9.5. Forecast Model 10. MARKET DYNAMICS 10.1. Introduction 10.2. Drivers 10.3. Restraints 10.4. Opportunities 10.5. Challenges 11. GLOBAL CONSTRUCTION EQUIPMENT MARKET ANALYSIS BY SEGMENT (COUNTRY LEVEL ANALYSIS) 11.1. Overview 11.2. Global Construction Equipment Historical Market size ($BILLION), Sales Volume, (2017 – 2021) 11.3. Global Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027) 11.4. Global Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Construction Equipment 11.4.1. Electric excavator 11.4.1.1. Small excavator 11.4.1.2. Medium excavator 11.4.2. Electric wheel loaders 11.4.3. Electric motor grader 11.4.4. Electric dozer 11.4.5. Electric loader 11.4.6. Electric dump truck and 11.4.7. Electric load-haul-dump loader 11.4.8. Others 11.5. Global Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 11.5.1. Battery Electric Vehicle 11.5.2. Plug-in Electric Vehicle 11.5.3. Fuel Cell Electric Vehicle 11.5.4. Hybrid Electric Vehicle 11.6. Global Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 11.6.1. <50 KwH 11.6.2. 50-200 KwH 11.6.3. 200-500 KwH 11.6.4. >500 KwH 11.7. Global Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 11.7.1. Middle East & Africa 11.7.2. North America 11.7.3. Asia Pacific 11.7.4. Europe 12. MIDDLE EAST & AFRICA CONSTRUCTION EQUIPMENT MARKET ANALYSIS 12.1. Overview 12.2. Middle East & Africa Construction Equipment Market Historical Market size ($BILLION), Sales Volume, (2017 – 2021) 12.3. Middle East & Africa Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027) 12.4. Middle East & Africa Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Construction Equipment 12.4.1. Electric excavator 12.4.1.1. Small excavator 12.4.1.2. Medium excavator 12.4.2. Electric wheel loaders 12.4.3. Electric motor grader 12.4.4. Electric dozer 12.4.5. Electric loader 12.4.6. Electric dump truck and 12.4.7. Electric load-haul-dump loader 12.4.8. Others 12.5. Middle East & Africa Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 12.5.1. Battery Electric Vehicle 12.5.2. Plug-in Electric Vehicle 12.5.3. Fuel Cell Electric Vehicle 12.5.4. Hybrid Electric Vehicle 12.6. Middle East & Africa Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 12.6.1. <50 KwH 12.6.2. 50-200 KwH 12.6.3. 200-500 KwH 12.6.4. >500 KwH 12.7. Middle East & Africa Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 12.7.1. Middle East 12.7.1.1. United Arab Emirates 12.7.1.2. Egypt 12.7.1.3. Israel 12.7.1.4. Oman 12.7.1.5. Bahrain 12.7.1.6. Qatar 12.7.1.7. Saudi Arabia 12.7.1.8. Rest of Middle East 12.7.2. Africa 12.7.2.1. Nigeria 12.7.2.2. South Africa 12.7.2.3. Egypt 12.7.2.4. Algeria 12.7.2.5. Ethiopia 12.7.2.6. Morocco 12.7.2.7. Rest of Africa 13. NORTH AMERICA CONSTRUCTION EQUIPMENT MARKET ANALYSIS 13.1. Overview 13.2. North America Construction Equipment Historical Market size ($BILLION), Sales Volume, (2017 – 2021) 13.3. North America Construction Equipment Market size ($BILLION), Sales Volume and Forecasts (2022 – 2027) 13.4. North America Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Construction Equipment 13.4.1. Electric excavator 13.4.1.1. Small excavator 13.4.1.2. Medium excavator 13.4.2. Electric wheel loaders 13.4.3. Electric motor grader 13.4.4. Electric dozer 13.4.5. Electric loader 13.4.6. Electric dump truck and 13.4.7. Electric load-haul-dump loader 13.4.8. Others 13.5. North America Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 13.5.1. Battery Electric Vehicle 13.5.2. Plug-in Electric Vehicle 13.5.3. Fuel Cell Electric Vehicle 13.5.4. Hybrid Electric Vehicle 13.6. North America Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 13.6.1. <50 KwH 13.6.2. 50-200 KwH 13.6.3. 200-500 KwH 13.6.4. >500 KwH 13.7. North America Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Geography 13.7.1. USA 13.7.1.1. California 13.7.1.2. Texas 13.7.1.3. Florida 13.7.1.4. Pennsylvania 13.7.1.5. Illinois 13.7.1.6. North Carolina 13.7.1.7. Rest of the U.S. 13.7.2. Canada 13.7.3. Rest of North America 14. EUROPE CONSTRUCTION EQUIPMENT MARKET ANALYSIS 14.1. Overview 14.2. Europe Construction Equipment Historical Market size ($BILLION), Sales Volume, (2017 – 2021) 14.3. Europe Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027) 14.4. Europe Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Construction Equipment 14.4.1. Electric excavator 14.4.1.1. Small excavator 14.4.1.2. Medium excavator 14.4.2. Electric wheel loaders 14.4.3. Electric motor grader 14.4.4. Electric dozer 14.4.5. Electric loader 14.4.6. Electric dump truck and 14.4.7. Electric load-haul-dump loader 14.4.8. Others 14.5. Europe Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 14.5.1. Battery Electric Vehicle 14.5.2. Plug-in Electric Vehicle 14.5.3. Fuel Cell Electric Vehicle 14.5.4. Hybrid Electric Vehicle 14.6. Europe Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 14.6.1. <50 KwH 14.6.2. 50-200 KwH 14.6.3. 200-500 KwH 14.6.4. >500 KwH 14.7. Europe Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 14.7.1. Germany 14.7.2. UK 14.7.3. France 14.7.4. Spain 14.7.5. Italy 14.7.6. Benelux 14.7.7. Rest of Europe 15. ASIA PACIFIC CONSTRUCTION EQUIPMENT MARKET ANALYSIS 15.1. Overview 15.2. Asia Pacific Construction Equipment Historical Market size ($BILLION), Sales Volume, (2017 – 2021) 15.3. Asia Pacific Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027) 15.4. Asia Pacific Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Construction Equipment 15.4.1. Electric excavator 15.4.1.1. Small excavator 15.4.1.2. Medium excavator 15.4.2. Electric wheel loaders 15.4.3. Electric motor grader 15.4.4. Electric dozer 15.4.5. Electric loader 15.4.6. Electric dump truck and 15.4.7. Electric load-haul-dump loader 15.4.8. Others 15.5. Asia Pacific Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Propulsion Type 15.5.1. Battery Electric Vehicle 15.5.2. Plug-in Electric Vehicle 15.5.3. Fuel Cell Electric Vehicle 15.5.4. Hybrid Electric Vehicle 15.6. Asia Pacific Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Battery Capacity 15.6.1. <50 KwH 15.6.2. 50-200 KwH 15.6.3. 200-500 KwH 15.6.4. >500 KwH 15.7. Asia Pacific Construction Equipment Market size ($BILLION), Sales Volume, and Forecasts (2022 – 2027), By Country 15.7.1. China 15.7.2. Japan 15.7.3. Korea 15.7.4. India 15.7.5. Australia 15.7.6. Rest of APAC 16. COMPANY PROFILES 16.1. JCB 16.1.1. Company Overview 16.1.2. Company Snapshot 16.1.3. Operating business segments 16.1.4. Product offered and Revenue from Construction Equipment Business 16.1.5. Key business performances, strategies and developments 16.2. HITACHI CONSTRUCTION MACHINERY 16.2.1. Company Overview 16.2.2. Company Snapshot 16.2.3. Operating business segments 16.2.4. Product offered and Revenue from Construction Equipment Business 16.2.5. Key business performances, strategies and developments 16.3. CATERPILLAR INC. 16.3.1. Company Overview 16.3.2. Company Snapshot 16.3.3. Operating business segments 16.3.4. Product offered and Revenue from Construction Equipment Business 16.3.5. Key business performances, strategies and developments 16.4. KOMATSU LTD. 16.4.1. Company Overview 16.4.2. Company Snapshot 16.4.3. Operating business segments 16.4.4. Product offered and Revenue from Construction Equipment Business 16.4.5. Key business performances, strategies and developments 16.5. VOLVO CONSTRUCTION EQUIPMENT 16.5.1. Company Overview 16.5.2. Company Snapshot 16.5.3. Operating business segments 16.5.4. Product offered and Revenue from Construction Equipment Business 16.5.5. Key business performances, strategies and developments 16.6. SUNWARD 16.6.1. Company Overview 16.6.2. Company Snapshot 16.6.3. Operating business segments 16.6.4. Product offered and Revenue from Construction Equipment Business 16.6.5. Key business performances, strategies and developments 16.7. ATLAS COPCO 16.7.1. Company Overview 16.7.2. Company Snapshot 16.7.3. Operating business segments 16.7.4. Product offered and Revenue from Construction Equipment Business 16.7.5. Key business performances, strategies and developments 16.8. CNH INDUSTRIAL N.V. 16.8.1. Company Overview 16.8.2. Company Snapshot 16.8.3. Operating business segments 16.8.4. Product offered and Revenue from Construction Equipment Business 16.8.5. Key business performances, strategies and developments 16.9. JOHN DEERE 16.9.1. Company Overview 16.9.2. Company Snapshot 16.9.3. Operating business segments 16.9.4. Product offered and Revenue from Construction Equipment Business 16.9.5. Key business performances, strategies and developments 16.10. DOOSAN CORPORATION 16.10.1. Company Overview 16.10.2. Company Snapshot 16.10.3. Operating business segments 16.10.4. Product offered and Revenue from Construction Equipment Business 16.10.5. Key business performances, strategies, and developments 16.11. Other Market Players LIST OF TABLES 1. TABLE: MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 2. TABLE: MARKET FOR ELECTRIC EXCAVATOR, BY REGION, 2022-2027 (USD BILLION) 3. TABLE: MARKET FOR ELECTRIC WHEEL LOADER, BY REGION, 2022-2027 (USD BILLION) 4. TABLE: MARKET FOR ELECTRIC MOTOR GRADER, BY REGION, 2022-2027 (USD BILLION) 5. TABLE: MARKET FOR ELECTRIC DOZER, BY REGION, 2022-2027 (USD BILLION) 6. TABLE: MARKET FOR ELECTRIC LOADER, BY REGION, 2022-2027 (USD BILLION) 7. TABLE: MARKET FOR ELECTRIC DUMP TRUCK AND, BY REGION, 2022-2027 (USD BILLION) 8. TABLE: MARKET FOR ELECTRIC LOAD-HAUL-DUMP LOADER, BY REGION, 2022-2027 (USD BILLION) 9. TABLE: MARKET FOR OTHERS, BY REGION, 2022-2027 (USD BILLION) 10. TABLE: MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 11. TABLE: MARKET FOR BATTERY ELECTRIC VEHICLE, BY REGION, 2022-2027 (USD BILLION) 12. TABLE: MARKET FOR PLUG-IN ELECTRIC VEHICLE, BY REGION, 2022-2027 (USD BILLION) 13. TABLE: MARKET FOR FUEL CELL ELECTRIC VEHICLE, BY REGION, 2022-2027 (USD BILLION) 14. TABLE: MARKET FOR HYBRID ELECTRIC VEHICLE, BY REGION, 2022-2027 (USD BILLION) 15. TABLE: MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 16. TABLE: MARKET FOR <50 KWH, BY REGION, 2022-2027 (USD BILLION) 17. TABLE: MARKET FOR 50-200 KWH, BY REGION, 2022-2027 (USD BILLION) 18. TABLE: MARKET FOR 200-500 KWH, BY REGION, 2022-2027 (USD BILLION) 19. TABLE: MARKET FOR >500 KWH, BY REGION, 2022-2027 (USD BILLION) 20. TABLE: MARKET, BY REGION, 2022-2027 (USD BILLION) 21. TABLE: NORTH AMERICA MARKET, BY COUNTRY, 2022-2027 (USD BILLION) 22. TABLE: NORTH AMERICA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 23. TABLE: NORTH AMERICA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 24. TABLE: NORTH AMERICA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 25. TABLE: NORTH AMERICA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 26. TABLE: USA MARKET BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 27. TABLE: USA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 28. TABLE: USA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 29. TABLE: USA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 30. TABLE: CALIFORNIA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 31. TABLE: CALIFORNIA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 32. TABLE: CALIFORNIA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 33. TABLE: CALIFORNIA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 34. TABLE: TEXAS MARKET BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 35. TABLE: TEXAS MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 36. TABLE: TEXAS MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 37. TABLE: TEXAS MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 38. TABLE: FLORIDA MARKET BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 39. TABLE: FLORIDA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 40. TABLE: FLORIDA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 41. TABLE: FLORIDA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 42. TABLE: CANADA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 43. TABLE: CANADA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 44. TABLE: CANADA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 45. TABLE: CANADA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 46. TABLE: MEXICO MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 47. TABLE: MEXICO MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 48. TABLE: MEXICO MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 49. TABLE: MEXICO MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 50. TABLE: REST OF NORTH AMERICA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 51. TABLE: REST OF NORTH AMERICA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 52. TABLE: REST OF NORTH AMERICA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 53. TABLE: REST OF NORTH AMERICA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 54. TABLE: EUROPE MARKET, BY COUNTRY, 2022-2027 (USD BILLION) 55. TABLE: EUROPE MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 56. TABLE: EUROPE MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 57. TABLE: EUROPE MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 58. TABLE: EUROPE MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 59. TABLE: GERMANY MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 60. TABLE: GERMANY MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 61. TABLE: GERMANY MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 62. TABLE: GERMANY MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 63. TABLE: FRANCE MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 64. TABLE: FRANCE MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 65. TABLE: FRANCE MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 66. TABLE: FRANCE MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 67. TABLE: UK MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 68. TABLE: UK MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 69. TABLE: UK MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 70. TABLE: UK MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 71. TABLE: ITALY MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 72. TABLE: ITALY MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 73. TABLE: ITALY MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 74. TABLE: ITALY MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 75. TABLE: SPAIN MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 76. TABLE: SPAIN MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 77. TABLE: SPAIN MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 78. TABLE: SPAIN MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 79. TABLE: REST OF EUROPE MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 80. TABLE: REST OF EUROPE MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 81. TABLE: REST OF EUROPE MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 82. TABLE: REST OF EUROPE MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 83. TABLE: ASIA PACIFIC MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 84. TABLE: ASIA PACIFIC MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 85. TABLE: ASIA PACIFIC MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 86. TABLE: ASIA PACIFIC MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 87. TABLE: CHINA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 88. TABLE: CHINA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 89. TABLE: CHINA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 90. TABLE: CHINA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 91. TABLE: INDIA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 92. TABLE: INDIA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 93. TABLE: INDIA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 94. TABLE: INDIA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 95. TABLE: JAPAN MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 96. TABLE: JAPAN MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 97. TABLE: JAPAN MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 98. TABLE: JAPAN MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 99. TABLE: KOREA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 100. TABLE: KOREA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 101. TABLE: KOREA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 102. TABLE: KOREA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 103. TABLE: AUSTRALIA MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 104. TABLE: AUSTRALIA MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 105. TABLE: AUSTRALIA MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 106. TABLE: AUSTRALIA MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 107. TABLE: REST OF ASIA PACIFIC MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 108. TABLE: REST OF ASIA PACIFIC MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 109. TABLE: REST OF ASIA PACIFIC MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 110. TABLE: REST OF ASIA PACIFIC MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 111. TABLE: REST OF THE WORLD MARKET, BY CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 112. TABLE: REST OF THE WORLD MARKET, CONSTRUCTION EQUIPMENT, 2022-2027 (USD BILLION) 113. TABLE: REST OF THE WORLD MARKET, BY PROPULSION TYPE, 2022-2027 (USD BILLION) 114. TABLE: REST OF THE WORLD MARKET, BY BATTERY CAPACITY, 2022-2027 (USD BILLION) 115. TABLE: HITACHI CONSTRUCTION MACHINERY: COMPANY SNAPSHOT 116. TABLE: HITACHI CONSTRUCTION MACHINERY: OPERATING SEGMENTS 117. TABLE: CATERPILLAR INC.: COMPANY SNAPSHOT 118. TABLE: CATERPILLAR INC.: OPERATING SEGMENTS 119. TABLE: KOMATSU LTD. : COMPANY SNAPSHOT 120. TABLE: KOMATSU LTD. : OPERATING SEGMENTS 121. TABLE: JCB. COMPANY SNAPSHOT 122. TABLE: JCB. OPERATING SEGMENTS 123. TABLE: VOLVO CONSTRUCTION EQUIPMENT : COMPANY SNAPSHOT 124. TABLE: VOLVO CONSTRUCTION EQUIPMENT : OPERATING SEGMENTS 125. TABLE: SUNWARD: COMPANY SNAPSHOT 126. TABLE: SUNWARD: OPERATING SEGMENTS 127. TABLE: ATLAS COPCO: COMPANY SNAPSHOT 128. TABLE: ATLAS COPCO: OPERATING SEGMENTS 129. TABLE: CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT 130. TABLE: CNH INDUSTRIAL N.V.: OPERATING SEGMENTS 131. TABLE: JOHN DEERE: COMPANY SNAPSHOT 132. TABLE: JOHN DEERE: OPERATING SEGMENTS 133. TABLE: DOOSAN CORPORATION: COMPANY SNAPSHOT 134. TABLE: DOOSAN CORPORATION: OPERATING SEGMENTS LIST OF FIGURES 1. Figure: Market: Research Methodology Steps 2. Figure: Research Design 3. Figure: Breakdown of Primaries: Market 4. Figure: Research Methodology: Hypothesis Building 5. Figure: Market: Product and Service-Based Estimation 6. Figure: Growth Strategies Adopted By the Key Players 7. Figure: Data Triangulation Methodology 8. Figure: Dominating Market Share, By Construction Equipment, 2022 vs. 2027 (USD BILLION) 9. Figure: Dominating Market Share, By Propulsion Type, 2022 vs. 2027 (USD BILLION) 10. Figure: Dominating Market Share, By Battery Capacity, 2022 vs. 2027 (USD BILLION) 11. Figure: Geographical Snapshot of the Market 12. Figure: Excavators to Witness Higher CAGR in the Market for Construction Equipment’s Segment during the Forecast Period. 13. Figure: Europe Accounted for the Largest Share of the Market, By Regional Basis, in 2022 14. Figure: Market: Drivers, Restraints, Opportunities, and Challenges 15. Figure: North America: Market Snapshot 16. Figure: Asia Pacific: Market Snapshot 17. Figure: Europe: Market Snapshot 18. Figure: Rest of the World: Market Snapshot 19. Figure: Vendor Dive: Evaluation Overview 20. Figure: Global Construction Equipment: Competitive Benchmarking 21. Figure: Hitachi Construction Machinery: Financial Overview (2022-2027) 22. Figure: Caterpillar Inc.: Financial Overview (2022-2027) 23. Figure: Komatsu Ltd. : Financial Overview (2022-2027) 24. Figure: JCB. Financial Overview (2022-2027) 25. Figure: VOLVO CONSTRUCTION EQUIPMENT : Financial Overview (2022-2027) 26. Figure: SUNWARD: Financial Overview (2022-2027) 27. Figure: Atlas Copco: Financial Overview (2022-2027) 28. Figure: CNH Industrial N.V.: Financial Overview (2022-2027) 29. Figure: John Deere: Financial Overview (2022-2027) 30. Figure: Doosan Corporation: Financial Overview (2022-2027)