Electric Construction Equipment Market

Electric Construction Equipment Market by Equipment Type, Battery Capacity, Battery Type, Power Output, Application, Propulsion, Electric Tractor Market, Electric Construction & Mining Equipment Market and Region - Global Forecast to 2027

Report Code: AT 7341 Aug, 2022, by marketsandmarkets.com

[342 Pages Report] The electric construction equipment market is estimated to grow from USD 9.2 billion in 2022 to USD 24.8 billion by 2027 at a CAGR of 22.0% over the forecast period. The market growth is primarily driven by the increasing demand to minimize exhaust emissions from off-highway equipment, reduce ventilation costs in underground mining, and the preference for the low noise construction machines in residential areas.

The stringent emission and noise regulations in urban or closed construction areas have a significant effect on the development of the electric construction equipment including compact electric excavators, electric loaders and electric dozers. The incorporation of electric equipment in the mining industry greatly reduces the expenses associated with the ventilation of underground mines. The electric mining equipment including electric dump truck and electric excavators drive the electric mining equipment market. In agriculture segment, the electric equipment helps improve the efficiency and productivity by accelerating the farm mechanization. Electric tractors and electric sprayers are the key electric agriculture equipment categories.

Electric Construction Equipment Market

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Market Dynamics

DRIVER: Rising demand for low-noise construction activities in residential areas would drive the demand for electric construction equipment market

The increasing noise pollution in cities is becoming a potential hazard because of a greater number of constructions within the city limits. Most metropolitan cities have imposed noise regulations and restrictions on construction sites. It is mainly the diesel-powered construction machines that are the major reasons for the noise generated on residential construction sites.

According to the WHO, ~44% of the European population is affected by road and vehicle noise, leading to severe health issues. Moreover, an HSE reports states that in the UK alone, nearly 17,000 people have deafness, ringing in the ears, or other ear conditions caused by excessive noise. To overcome this, countries are working toward regulations to control the noise generated by construction equipment.

The noise from diesel-powered construction machines is driving the development of initiatives and policies associated with minimizing the noise in residential areas. For instance, Oslo's municipal corporation is anticipating operating all public construction sites with such machinery by 2025. Thus, the city municipal corporation is working on a series of initiatives under the 'What Can Be Run On Electric, Shall Be Run On Electric' plan. The plan involves setting minimum standards for bidders on contracts it puts out to tender to create the market for electrified construction equipment.

The city of London is also working on a trial of NRMM projects that limit emissions and noise from construction equipment. The London and Paris city corporations are working in tandem on the most ambitious plans and schemes to ban or significantly reduce all polluting vehicles in residential areas.

With all these emerging regulations and initiatives, construction companies prefer electric construction vehicles and equipment. These machines are designed with decibel levels making them apt for working within city limitations without any restrictions. This leverages the construction companies to work during the daytime within the city limits, allowing them to complete their work faster and saving expenses.

  • Most of the leading manufacturers are introducing compact electric equipment that is designed especially for city applications. These equipment are compact and operate within the restricted noise decibel levels. The table below comprises some vehicle models claimed to produce less noise by their manufacturers.

    Low Noise Electric Construction Equipment by Key OEMS

    Make

    Equipment type

    Model Name

    JCB

    Electric Mini Excavator

    ZX35B

    JCB

    Electric Mini Excavator

    19C-1E

    JCB

    Electric Dumpster

    HTD-5E

    Volvo CE

    Electric Excavator

    EX03

    Volvo CE

    Electric Compact Excavator

    ECR25

    Volvo CE

    Electric Wheel Loader

    L25

    Sandvik

    Electric Loader

    LH409E

    RESTRAINT: Loss of productivity due to prolonged charging time

    The electric off-highway equipment has large battery capacities to facilitate the long and heavy workload. This large battery normally consumes a long time for charging, and the vehicle must become stationary when charging. This loss of productivity due to high charging time is one of the major factors hindering the adoption of electric off-highway equipment in mining and construction applications.

    Another hindrance is that the construction and mining companies are normally made to work 14–16 hours a day. This reduces the space for the required charging time to fully charge electric off-highway equipment. Most electric off-highway equipment usually takes more time to charge completely, decreasing productivity due to time lost in recharging these vehicles.

    Some manufacturers offer electric equipment models with less charging time. For instance, JCB's 19C-1E mini electric excavator requires eight hours to charge completely using a 230V 16A supply or 12 hours using a 110V 16A supply. A 2.5-tonne ECR25 compact excavator from Volvo CE requires six hours of charging for eight hours of runtime. However, compared to excavators, other construction and mining equipment take significantly longer to charge.

    In the case of gardening applications, residential lawnmowers with an average use time of 30 minutes or less per week can be charged accordingly. However, commercial users of lawnmowers, who generally use the mowers for 8–10 hours per day, sometimes six days a week, find refilling gas more practical than continually recharging batteries. Thus, such factors are currently restraining the demand for electric off-highway equipment.

    The manufacturers are coming up with fast charging technologies, but the batteries must be able to withstand such quick charging without any issues, including overheating. Manufacturers are also developing swappable battery packs, which could be charged separately and then swapped when the battery in the vehicle or equipment runs out of charge. The development of such fast chargers and the introduction of swappable batteries is expected to overcome the loss of productivity.

    OPPORTUNITY: Development of long-range and fast charging battery technology

    In the initial times, electric vehicles were working on lead-acid and nickel-metal hydride batteries. But now, electric off-highway vehicles are largely equipped with lithium-ion batteries due to their numerous advantages over lead-acid and nickel-metal hydride batteries. However, lithium-ion batteries have several limitations that can affect battery performance. The lithium-ion batteries are limited to issues such as poor robustness (require protection from being overcharged and excessive discharge), limited power density, short lifespan (often 600–1,000 charge-discharge cycles before their capacity degrades), performance fluctuations with changing temperatures, rigidness, and high cost.

    The alternative to lithium-ion batteries is solid-state batteries. These batteries are manufactured with stabilized solid electrolytes in lithium metal and offer up to 10 times more charging capacity than graphite-based Li-ion batteries. The solid-state batteries also offer increased energy density and a lifespan of up to 10 years. Because of these advantages, many electric off-highway equipment manufacturing companies invest in developing solid-state batteries. In 2018, Caterpillar joined hands with Fisker to develop solid-state batteries designed to outperform Li-ion batteries.

    However, solid-state battery development is challenging with the issues related to building materials, design safety, cost, and production techniques. Such advanced batteries will greatly aid the development of electric off-highway equipment, but these issues hinder the speed of development.

    The loss of productivity because of prolonged charging is another major concern among the construction and mining industries. Manufacturers are investing in the development of fast charging methods and chargers. More powerful DC fast chargers working at 350 kW can charge a 300-kWh battery in under an hour. But the availability of such a large electricity capacity is still a big hindrance to such developments.

    Since the fast-changing technology and the batteries that can withstand high-speed charging are in development, some manufacturers offer a series of battery packs that can be swapped when the battery in the vehicle drains out of charge. The swapped battery can then be charged separately, while the vehicle can be operated with the newly installed battery pack. These battery packs should have more range than the time for charging the vehicle. Once the vehicle's original battery is fully charged, the battery packs can be swapped again with the original battery in place. This technology can greatly overcome the loss of productivity, but the vehicle must be designed to make the swapping process easy, less time-consuming, and fool-proof.

    These battery packs can also be designed for universal compatibilities, such as the universal chargers used to charge various electric off-highway equipment. These universal chargers and battery packs will greatly facilitate the mining and construction sites, which involve vehicles from multiple brands and use different types of vehicles and equipment. The time and capital invested for different battery packs and charging stations separately for each vehicle brand would not be economical.

    With such universal chargers, large mining operations where hundreds of mining vehicles and equipment are deployed can facilitate the charging station infrastructures at various places within the mining site. With these infrastructures, the return to grid time for charging can be greatly reduced by increasing productivity. These developments are expected to strengthen the product portfolio and increase the efficiency of electric off-highway equipment, offering promising growth opportunities for the global players in the market.

    CHALLENGE: Electric off-highway vehicles have limited compatibility, interchangeability, and standardization for long-haul applications

    Electric off-highway vehicles have limited compatibility for long-haul applications. The power capacity limitation in the standard and large electric off-highway equipment is a major concern in large mining operations. Dump trucks, for instance, carry dumping materials from the mining site to the dumping area. In this case, distance is crucial, as it becomes difficult for vehicles to cover long distances with a limited battery capacity. The conventional vehicles were equipped with large fuel tanks, and the fuel tank capacity could be extended if required during very long applications. The table below compares the approximate range of conventional and electric off-highway equipment.

    Range Comparison Between Off-Highway Diesel Truck Vs Battery Electric Truck

     

    Sandvik TH663 – Deisel powered truck

    Sandvik TH550B battery Electric truck

    Fuel capacity/Battery capacity

    800 liters

    576 Ah

    Tonne capacity

    43 tons

    50 tons

    Fuel consumption/Battery range

    16 hours (Approx. 50 liters per hour)

    5-6 hours

    Between the above two models from Sandvik with close specifications, a huge difference can be overserved between the conventional and the electric mining loader range. However, mining equipment manufacturing companies are working on the development of cable-connected equipment. Still, such cable-connected equipment lack in terms of versatility when it is being used in large mining operations.

    The lack of interchangeability and standardization in charging electric off-highway equipment is also affecting the growth of the electric construction equipment market. Interchangeability refers to charging electric off-highway equipment at any station with a universal identification, which is not the case at present. Likewise, the variation in charging loads and chargers has accentuated the need for standardizing charging, as certain charging stations are only compatible with a certain range of voltage. For instance, AC charging stations provide a voltage of 120 VAC through Level 1 charging stations and 240 VAC through Level 2 charging stations. On the other hand, DC charging stations provide fast charging through 480 VAC. Thus, such issues pose severe challenges to the global electric construction equipment market.

    The mining segment is projected to dominate the electric construction equipment market in 2027

    The mining application segment is currently leading the market in terms of value generation globally. This is mainly because of the initiatives by the mining corporations and governments about the safety, environmental, and financial advantages of electric and hybrid-electric mining equipment. The mining segment is predicted to have the largest electric construction equipment market.

    Europe is estimated to have the largest market in 2027

    With the high electrification trend in developed countries and high demand for construction and mining equipment, Europe is predicted to lead the electric construction equipment market with a CAGR of 24.2%. The stringent emission norms from this region, along with many sustainability initiatives by the government, are some of the key reasons for this region to have the largest market for electric construction equipment, with USD 9,512.3 Million in 2027.

    Germany is projected to dominate the highway electric vehicles market with the largest market in Europe. This is mainly because of the rising demand for emission-free, noiseless, eco-friendly construction and mining equipment that are less expensive to operate. Moreover, the presence of many leading electric off-highway equipment manufacturers in Germany and the various initiatives by the government to promote sustainable mobility are the key reasons for the country to dominate the European market.

    Electric Construction Equipment Market Size, and Share

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    Key Market Players

    The electric construction equipment market is dominated by a few globally established companies such as Hitachi Construction Machinery (Japan), Caterpillar Inc. (US), Komatsu Ltd. (Japan), JCB (UK), Volvo Construction Equipment (Volvo CE) (Sweden).

    These companies adopted new product launches, partnerships, and joint ventures to gain traction in the electric construction equipment market

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    Scope of the Report

    Report Attribute

    Details

    Base year for estimation

    2022

    Forecast period

    2022–2027

    Market Growth and Revenue forecast

    USD 9.1 Billion in 2022 to USD 24.7 Billion by 2027 and CAGR of 22.0% during the forecast period 2022 to 2027

    Top Players

    Hitachi Construction Machinery (Japan), Caterpillar Inc. (US), Komatsu Ltd. (Japan), JCB (UK), Volvo Construction Equipment (Volvo CE) (Sweden)

    Fastest Growing Market

    Europe

    Largest Market

    Europe

    Segments covered

     

    By Equipment Type

    Electric excavator, electric motor grader, electric dozer, electric loader, electric dump truck and electric load-haul-dump loader

    By Battery Capacity

    <50 KwH, 50-200 KwH, 200-500 KwH and >500 KwH

    By Battery Type

    Lithium-ion, lead-acid, and others

    By Power Output

    <50 HP, 50-150 HP, 150-300 HP and >300 HP

    By Propulsion

    Hybrid-electric and battery-electric

    Electric Agriculture Equipment Market, By Equipment Type

    Electric lawn mower, electric sprayer, and electric tractor

    Electric Tractor Market, By Propulsion Type

    Hybrid-electric and battery-electric

    Electric Construction and Mining Market, By Propulsion Type

    Hybrid-electric and battery-electric

    By Region

    Asia Pacific, Americas, and Europe

    Additional Customization to be offered

    Electric construction equipment by application and country,
    Electric construction equipment by type and country,

    Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs

    The study segments the electric construction equipment market:

    By equipment type

    • electric excavator
    • electric motor grader
    • electric dozer
    • electric loader
    • electric dump truck and
    • electric load-haul-dump loader

    By battery capacity

    • <50 KwH
    • 50-200 KwH
    • 200-500 KwH and
    • >500 KwH

    By battery type

    • lithium-ion
    • lead-acid and
    • others

    By power output

    • <50 HP
    • 50-150 HP
    • 150-300 HP and
    • >300 HP

    By propulsion

    • hybrid-electric and
    • battery-electric

    Electric agriculture equipment market, by equipment type

    • electric lawn mower
    • electric sprayer and
    • electric tractor

    Electric tractor market, by propulsion type

    • hybrid-electric and
    • battery-electric

    Electric construction and mining market, by propulsion type

    • hybrid-electric and
    • battery-electric

    By Region

    • Asia Pacific
    • Americas and
    • Europe

    Recent Developments

    • In June 2022, Cummins, a global power leader, and Komatsu signed a memorandum of understanding to collaborate on developing zero-emissions haulage equipment. In 2021, Komatsu announced its power agnostic truck concept for haulage equipment that can run on various power sources. These power sources included diesel-electric, trolley, battery power, and hydrogen fuel cells.
    • In June 2022, John Deere announced its new global agreement with Wacker Neuson on developing 0-9-metric ton excavators. Both companies will collaborate on developing less than five metric tons of excavators that Wacker Neuson will manufacture. John Deere will control the design, manufacturing, and technology innovation for the 5-9-metric-ton models.
    • In May 2022, Volvo Construction Equipment (Volvo CE) invested in Dutch firm Limach, a manufacturer of electric excavators for the domestic market. This investment is aimed to benefit Volvo CE's long-term electrification plan and provides the opportunity to broaden its electromobility portfolio.
    • In March 2022, the companies Honda and Komatsu showcased their joint-development work, the PC01E-1. The PC01E-1 is Komatsu's first electric micro excavator powered by portable and swappable mobile batteries. Komatsu and Honda developed the PC01E-1 by electrifying the conventional PC01 micro excavator by incorporating the Honda swappable mobile battery, and Honda eGX electrified power unit.
    • In December 2021, Volvo Construction Equipment (Volvo CE) and its partners explored every aspect of the electric ecosystem to deliver a complete site solution for real urban applications. Volvo CE is working with Gothenburg City, NCC, Gothenburg Energy, Lindholmen Science Park, Chalmers University of Technology, and ABB Electrification Sweden, among many others, to conduct a machine demonstration in largescale at Gothenburg. The Swedish Energy Agency funded this project.
    • In October 2021, Caterpillar Venture Capital Inc. (Caterpillar) and another venture invested USD 16 Million as Series B funding for BrightVolt, Inc. The BrightVolt Inc is a global leader in the design, development, and manufacturing of safe, high energy and low-cost solid-state lithium-ion batteries. This funding is aimed to be used to develop larger form factor products for industrial electrification and e-mobility markets.
    • In July 2021, Hitachi Construction Machinery and ABB, a leading global technology company, announced their collaboration to develop an engineless, full battery rigid frame dump truck. This dump truck is aimed to offer a customized onboard energy storage system and reduce greenhouse gas emissions.
    • In July 2020, the company introduced the electric loader Toro LH625iE, which featured a 25,000 kg payload capacity and was electrically powered by a trailing cable. It also featured the i-series intelligence for connectivity and digital solutions.
    • In April 2019, John Deere Power Systems (JDPS) debuted their new electric drivetrain components at the Bauma 2019. These electric drivetrain solutions were designed to address the demands of the rugged electric construction equipment market. It featured compact, high-speed motors controlled by power electronics from John Deere Electronics. These electronics are integrated with the pump drive and transmission solutions.

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  • TABLE OF CONTENTS

    1 INTRODUCTION (Page No. - 29)
        1.1 STUDY OBJECTIVES
        1.2 MARKET DEFINITION
        1.3 INCLUSIONS & EXCLUSIONS
        1.4 STUDY SCOPE
               1.4.1 MARKETS COVERED
               1.4.2 YEARS CONSIDERED
        1.5 CURRENCY CONSIDERED
        1.6 PACKAGE SIZE
        1.7 LIMITATIONS
        1.8 STAKEHOLDERS
        1.9 SUMMARY OF CHANGES

    2 RESEARCH METHODOLOGY (Page No. - 35)
        2.1 RESEARCH DATA
        2.2 SECONDARY DATA
               2.2.1 LIST OF KEY SECONDARY SOURCES TO ESTIMATE ELECTRIC OFF-HIGHWAY EQUIPMENT SALES
               2.2.2 LIST OF KEY SECONDARY SOURCES TO ESTIMATE ELECTRIC CONSTRUCTION EQUIPMENT MARKET SIZE
               2.2.3 KEY DATA FROM SECONDARY SOURCES
        2.3 PRIMARY DATA
               2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
                        2.3.1.1 Primary participants
        2.4 MARKET SIZE ESTIMATION
               2.4.1 BOTTOM-UP APPROACH
               2.4.2 TOP-DOWN APPROACH
        2.5 FACTOR ANALYSIS
        2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
        2.7 ASSUMPTIONS
        2.8 RESEARCH LIMITATIONS

    3 EXECUTIVE SUMMARY (Page No. - 50)
        3.1 REPORT SUMMARY

    4 PREMIUM INSIGHTS (Page No. - 52)
        4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC CONSTRUCTION EQUIPMENT MARKET
        4.2 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE
        4.3 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION
        4.4 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE
        4.5 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY
        4.6 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION
        4.7 ELECTRIC TRACTOR MARKET, BY PROPULSION
        4.8 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT
        4.9 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION
        4.10 ELECTRIC AGRICULTURAL EQUIPMENT MARKET, BY EQUIPMENT TYPE
        4.11 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION

    5 MARKET OVERVIEW (Page No. - 58)
        5.1 INTRODUCTION
        5.2 MARKET DYNAMICS
               5.2.1 DRIVERS
                        5.2.1.1 Strict vehicular emission regulations
                        5.2.1.2 High ventilation costs in underground mining
                        5.2.1.3 Rising demand for low-noise construction activities in residential areas
               5.2.2 RESTRAINTS
                        5.2.2.1 Higher initial cost than conventional ICE equipment
               5.2.3 OPPORTUNITIES
                        5.2.3.1 Development of long-range and fast-charging battery technology
                        5.2.3.2 Intermediate demand for hybrid and alternate fuel equipment
               5.2.4 CHALLENGES
                        5.2.4.1 Limited compatibility, interchangeability, and standardization of electric off-highway equipment for long-haul applications
                        5.2.4.2 Need for efficient thermal management system for batteries in extreme working conditions
        5.3 PORTER’S FIVE FORCES ANALYSIS
               5.3.1 THREAT OF NEW ENTRANTS
               5.3.2 THREAT OF SUBSTITUTES
               5.3.3 BARGAINING POWER OF SUPPLIERS
               5.3.4 BARGAINING POWER OF BUYERS
               5.3.5 INTENSITY OF COMPETITIVE RIVALRY
        5.4 TRADE ANALYSIS
               5.4.1 IMPORT TRADE DATA
               5.4.2 EXPORT TRADE DATA
        5.5 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
        5.6 CASE STUDIES
               5.6.1 XINGWANXIANG GROUP’S ADAPTION OF ELECTRIC MINING EQUIPMENT IN MINUS 30 DEGREE TEMPERATURE
               5.6.2 FIRST MODE’S SUSTAINABLE SOLUTION TO ANGLO AMERICAN’S CARBON NEUTRAL COMMITMENT
               5.6.3 BERLINER STADTREINIGUNGSBETRIEBE (BSR) MANAGES CITY WASTE USING ELECTRIC MOBILITY
               5.6.4 BRUCEJACK GETS ITS FULLY ELECTRIC FLEET
               5.6.5 ELECTRIFICATION OF CONVENTIONAL DIESEL-POWERED EXCAVATOR
        5.7 PATENT ANALYSIS
        5.8 SUPPLY CHAIN ANALYSIS
        5.9 ELECTRIC CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM
        5.10 REGULATORY ANALYSIS
               5.10.1 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: QUALITY STANDARDS
        5.11 PRICING ANALYSIS
               5.11.1 ASP ANALYSIS, BY APPLICATION & REGION, 2021
               5.11.2 ASP ANALYSIS, BY EQUIPMENT TYPE & REGION, 2021
        5.12 TECHNOLOGY ANALYSIS
               5.12.1 OVERVIEW
                        5.12.1.1 Autonomous construction equipment
                        5.12.1.2 Monitoring and diagnosis via connected technologies
                        5.12.1.3 Safer braking in deep mining sites with regenerative braking
                        5.12.1.4 Agricultural Equipment Automation
        5.13 KEY CONFERENCES AND EVENTS IN 2022–2023
        5.14 KEY STAKEHOLDERS & BUYING CRITERIA
               5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
               5.14.2 BUYING CRITERIA

    6 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 93)
        6.1 INTRODUCTION
               6.1.1 RESEARCH METHODOLOGY
               6.1.2 ASSUMPTIONS
               6.1.3 INDUSTRY INSIGHTS
        6.2 ELECTRIC EXCAVATOR
               6.2.1 ELECTRIC MINI EXCAVATORS HOLD MAXIMUM SHARE IN ELECTRIC EXCAVATOR SEGMENT
        6.3 ELECTRIC LOADER
               6.3.1 INCREASING DEMAND FOR COMPACT ELECTRIC LOADERS AND SKID STEER LOADERS GLOBALLY
        6.4 ELECTRIC MOTOR GRADER
               6.4.1 ELECTRIFICATION OF MOTOR GRADERS STILL IN NASCENT STAGE
        6.5 ELECTRIC DOZER
               6.5.1 ELECTRIC DOZERS PREFERRED OWING TO THEIR NOISE-FREE AND EMISSION-FREE OPERATION
        6.6 ELECTRIC DUMP TRUCK
               6.6.1 ELECTRIC DUMP TRUCKS UTILIZED FOR CARRYING MATERIALS IN SURFACE AND UNDERGROUND MINING ACTIVITIES
        6.7 ELECTRIC LOAD-HAUL-DUMP LOADER (LHD)
               6.7.1 ELECTRIC LHD LOADER PROVIDES RUGGEDNESS, HIGH MANEUVERABILITY, AND PRODUCTIVITY

    7 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY (Page No. - 106)
        7.1 INTRODUCTION
               7.1.1 RESEARCH METHODOLOGY
               7.1.2 ASSUMPTIONS
               7.1.3 INDUSTRY INSIGHTS
        7.2 <50 KWH
               7.2.1 <50 KWH SUITED FOR SMALL AND COMPACT-SIZED EQUIPMENT
        7.3 50–200 KWH
               7.3.1 50–200 KWH BATTERY CAPACITY SEGMENT LEADING DUE TO HIGHER DEMAND FOR SMALL AND MID-RANGE OFF-HIGHWAY EQUIPMENT
        7.4 200–500 KWH
               7.4.1 MOTOR GRADERS, DOZERS, MID-SIZED EXCAVATORS, AND LHD ARE PRIMARILY AVAILABLE WITH BATTERY CAPACITY OF 200–500 KWH
        7.5 >500 KWH
               7.5.1 >500 KWH BATTERY CAPACITY EQUIPMENT IS YET TO BE FULLY COMMERCIALIZED DUE TO POWER-TO-WEIGHT RATIO ISSUES

    8 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE (Page No. - 116)
        8.1 INTRODUCTION
               8.1.1 RESEARCH METHODOLOGY
               8.1.2 ASSUMPTIONS
               8.1.3 INDUSTRY INSIGHTS
        8.2 LITHIUM-ION
               8.2.1 HIGH ENERGY DENSITY AND LONGER BATTERY BACKUP OVER OTHER BATTERIES DRIVE LITHIUM-ION BATTERY MARKET
        8.3 LEAD-ACID
               8.3.1 LOW MANUFACTURING COST DRIVES DEMAND FOR LEAD-ACID BATTERIES IN ELECTRIC CONSTRUCTION EQUIPMENT
        8.4 OTHER BATTERIES
               8.4.1 THERMAL MANAGEMENT CONCERNS WITH OTHER TYPES OF BATTERIES

    9 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT (Page No. - 125)
        9.1 INTRODUCTION
               9.1.1 RESEARCH METHODOLOGY
               9.1.2 ASSUMPTIONS
               9.1.3 INDUSTRY INSIGHTS
        9.2 <50 HP
               9.2.1 RISING DEMAND FOR COMPACT ELECTRIC OFF-HIGHWAY EQUIPMENT TO DRIVE SEGMENT
        9.3 50–150 HP
               9.3.1 INCREASING LAUNCHES OF LOW TO MEDIUM-POWERED ELECTRIC OFF-HIGHWAY EQUIPMENT TO DRIVE SEGMENT
        9.4 150–300 HP
               9.4.1 AMERICAS: LEADING MARKET FOR 150–300 HP TRACTORS
        9.5 >300 HP
               9.5.1 ELECTRIC OFF-HIGHWAY EQUIPMENT WITH >300 HP SUITABLE FOR LARGE CONSTRUCTION AND MINING OPERATIONS

    10 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION (Page No. - 135)
         10.1 INTRODUCTION
                 10.1.1 RESEARCH METHODOLOGY
                 10.1.2 ASSUMPTIONS
                 10.1.3 INDUSTRY INSIGHTS
         10.2 CONSTRUCTION
                 10.2.1 EMISSION AND NOISE REGULATIONS IN URBAN OR CLOSED CONSTRUCTION AREAS TO DRIVE DEMAND FOR ELECTRIC CONSTRUCTION EQUIPMENT
         10.3 MINING
                 10.3.1 REDUCTION IN VENTILATION COSTS IN UNDERGROUND MINING TO DRIVE MARKET
         10.4 GARDENING
                 10.4.1 EASE OF INCORPORATING ELECTRIC DRIVE SYSTEM IN LAWNMOWERS TO DRIVE SEGMENT
         10.5 AGRICULTURE
                 10.5.1 ELECTRIC AGRICULTURE EQUIPMENT IMPROVES FARMING EFFICIENCY AND PRODUCTIVITY BY ACCELERATING FARM MECHANIZATION

    11 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION (Page No. - 146)
         11.1 INTRODUCTION
                 11.1.1 RESEARCH METHODOLOGY
                 11.1.2 ASSUMPTIONS
                 11.1.3 INDUSTRY INSIGHTS
         11.2 HYBRID-ELECTRIC
                 11.2.1 HYBRID-ELECTRIC EQUIPMENT EFFECTIVELY BRIDGES TECHNOLOGY GAP BETWEEN CONVENTIONAL AND BATTERY-ELECTRIC EQUIPMENT
         11.3 BATTERY-ELECTRIC
                 11.3.1 STRINGENT EMISSION REGULATIONS DRIVE DEMAND FOR BATTERY-ELECTRIC EQUIPMENT

    12 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 153)
         12.1 INTRODUCTION
                 12.1.1 RESEARCH METHODOLOGY
                 12.1.2 ASSUMPTIONS
                 12.1.3 INDUSTRY INSIGHTS
         12.2 ELECTRIC LAWN MOWER
                 12.2.1 HIGH FUEL EXPENSES AND WORKFORCE SHORTAGE IN GARDENING DRIVE DEVELOPMENT OF ELECTRIC LAWN MOWERS
         12.3 ELECTRIC SPRAYER
                 12.3.1 NEED TO ELIMINATE WITHERING OF CROPS TO DRIVE SEGMENT
         12.4 ELECTRIC TRACTOR
                 12.4.1 RISING DEMAND FOR FOOD GRAIN PRODUCTS FUELS TECHNOLOGICAL ADVANCEMENTS IN AGRICULTURE INDUSTRY

    13 ELECTRIC TRACTOR MARKET, BY PROPULSION (Page No. - 162)
         13.1 INTRODUCTION
                 13.1.1 RESEARCH METHODOLOGY
                 13.1.2 ASSUMPTIONS
                 13.1.3 INDUSTRY INSIGHTS
         13.2 HYBRID-ELECTRIC
                 13.2.1 INCREASING DEMAND FOR MEDIUM AND HEAVY-DUTY TRACTORS TO DRIVE SEGMENT
         13.3 BATTERY-ELECTRIC
                 13.3.1 STRINGENT EMISSION NORMS EXPECTED TO DRIVE SEGMENT

    14 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION (Page No. - 169)
         14.1 INTRODUCTION
                 14.1.1 RESEARCH METHODOLOGY
                 14.1.2 ASSUMPTIONS
                 14.1.3 INDUSTRY INSIGHTS
         14.2 HYBRID-ELECTRIC
                 14.2.1 HYBRID-ELECTRIC EQUIPMENT TO WITNESS HIGH DEMAND DUE TO FUEL EFFICIENCY
         14.3 BATTERY-ELECTRIC
                 14.3.1 NOISE AND EMISSION REGULATIONS TO DRIVE SEGMENT DURING FORECAST PERIOD

    15 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION (Page No. - 177)
         15.1 INTRODUCTION
                 15.1.1 RESEARCH METHODOLOGY
                 15.1.2 ASSUMPTIONS
                 15.1.3 INDUSTRY INSIGHTS
         15.2 ASIA PACIFIC
                 15.2.1 CHINA
                           15.2.1.1 Innovations and developments by leading Chinese players drive market
                 15.2.2 INDIA
                           15.2.2.1 Demand for eco-friendly and cost-effective off-highway equipment to drive market
                 15.2.3 JAPAN
                           15.2.3.1 Demand for noise and emission-free compact construction equipment to aid market growth
                 15.2.4 SOUTH KOREA
                           15.2.4.1 Increasing demand for zero-emission equipment and farming automation to aid market growth
                 15.2.5 REST OF ASIA PACIFIC
                           15.2.5.1 Increasing construction activities, presence of large mines, and rising awareness about equipment electrification drive market
         15.3 EUROPE
                 15.3.1 GERMANY
                           15.3.1.1 Development of zero-emission zones in urban areas to have positive impact on market growth
                 15.3.2 UK
                           15.3.2.1 Zero emissions and reduced running costs drive demand for electric tractors
                 15.3.3 FRANCE
                           15.3.3.1 Strict noise and emission regulations in urban cities drive demand for electric construction equipment
                 15.3.4 SPAIN
                           15.3.4.1 Electric tractors aid agricultural sector in Spain with emission-free and noiseless operations
                 15.3.5 RUSSIA
                           15.3.5.1 Development of fully autonomous electric tractors to drive market
                 15.3.6 ITALY
                           15.3.6.1 Need for silent, efficient, eco-friendly lawn mowers to drive electric lawn mower market
                 15.3.7 REST OF EUROPE
                           15.3.7.1 Demand for zero-emission equipment to drive market
         15.4 AMERICAS
                 15.4.1 US
                           15.4.1.1 Growing investments in product development to increase demand for electric off-highway equipment
                 15.4.2 CANADA
                           15.4.2.1 Ongoing trend of all-electric mining to drive market
                 15.4.3 MEXICO
                           15.4.3.1 Large mining industry drives electric mining equipment market
                 15.4.4 BRAZIL
                           15.4.4.1 Rising need to enhance health, safety, and operational efficiency to positively impact market
                 15.4.5 ARGENTINA
                           15.4.5.1 Large-scale agriculture activity drives electric tractor market

    16 COMPETITIVE LANDSCAPE (Page No. - 236)
         16.1 OVERVIEW
         16.2 ELECTRIC CONSTRUCTION EQUIPMENT MARKET SHARE ANALYSIS, 2021
         16.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
         16.4 COMPANY EVALUATION QUADRANT: ELECTRIC OFF-HIGHWAY EQUIPMENT MANUFACTURERS
                 16.4.1 STARS
                 16.4.2 EMERGING LEADERS
                 16.4.3 PERVASIVE PLAYERS
                 16.4.4 PARTICIPANTS
         16.5 COMPANY EVALUATION QUADRANT: ELECTRIC OFF-HIGHWAY EQUIPMENT BATTERY/COMPONENT MANUFACTURERS
                 16.5.1 STARS
                 16.5.2 EMERGING LEADERS
                 16.5.3 PERVASIVE PLAYERS
                 16.5.4 PARTICIPANTS
         16.6 COMPETITIVE SCENARIO
                 16.6.1 NEW PRODUCT DEVELOPMENTS
                 16.6.2 DEALS
                 16.6.3 OTHER DEVELOPMENTS, 2019–2022
         16.7 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2022
         16.8 COMPETITIVE BENCHMARKING
         16.9 OEM WISE ELECTRIC CONSTRUCTION EQUIPMENT MODEL OFFERING
                 16.9.1 HITACHI CONSTRUCTION MACHINERY
                 16.9.2 CATERPILLAR INC.
                 16.9.3 KOMATSU
                 16.9.4 VOLVO CONSTRUCTION EQUIPMENT (VOLVO CE)
                 16.9.5 DEERE & COMPANY
                 16.9.6 DOOSAN
                 16.9.7 LIEBHERR
                 16.9.8 LIUGONG
                 16.9.9 WACKER NEUSON
                 16.9.10 JCB

    17 COMPANY PROFILES (Page No. - 266)
         17.1 KEY PLAYERS
                 17.1.1 HITACHI CONSTRUCTION MACHINERY
                           17.1.1.1 Business overview
                           17.1.1.2 Products offered
                           17.1.1.3 Recent developments
                           17.1.1.4 MnM view
                                       17.1.1.4.1 Key Strengths/Right to win:
                                       17.1.1.4.2 Strategic Choices Made:
                                       17.1.1.4.3 Weaknesses and Competitive Threats:
                 17.1.2 CATERPILLAR INC.
                           17.1.2.1 Business overview
                           17.1.2.2 Products offered
                           17.1.2.3 Recent developments
                           17.1.2.4 MnM view
                                       17.1.2.4.1 Key Strengths/Right to Win:
                                       17.1.2.4.2 Strategic Choices Made:
                                       17.1.2.4.3 Weaknesses and Competitive Threats:
                 17.1.3 KOMATSU
                           17.1.3.1 Business overview
                           17.1.3.2 Products offered
                           17.1.3.3 Recent developments
                           17.1.3.4 MnM view
                                       17.1.3.4.1 Key Strengths/Right to Win:
                                       17.1.3.4.2 Strategic Choices Made:
                                       17.1.3.4.3 Weaknesses and Competitive Threats:
                 17.1.4 JCB
                           17.1.4.1 Business overview
                           17.1.4.2 Products offered
                           17.1.4.3 Recent developments
                           17.1.4.4 MnM view
                                       17.1.4.4.1 Key Strengths/Right to Win:
                                       17.1.4.4.2 Strategic Choices Made:
                                       17.1.4.4.3 Weaknesses and Competitive Threats:
                 17.1.5 VOLVO CONSTRUCTION EQUIPMENT
                           17.1.5.1 Business overview
                           17.1.5.2 Products offered
                           17.1.5.3 Recent developments
                           17.1.5.4 MnM view
                                       17.1.5.4.1 Key Strengths/Right to Win:
                                       17.1.5.4.2 Strategic Choices Made:
                                       17.1.5.4.3 Weaknesses and Competitive Threats:
                 17.1.6 DEERE & COMPANY
                           17.1.6.1 Business overview
                           17.1.6.2 Products offered
                           17.1.6.3 Recent developments
                 17.1.7 SANDVIK
                           17.1.7.1 Business overview
                           17.1.7.2 Products offered
                           17.1.7.3 Recent developments
                 17.1.8 EPIROC
                           17.1.8.1 Business overview
                           17.1.8.2 Products offered
                           17.1.8.3 Recent developments
                 17.1.9 LIEBHERR
                           17.1.9.1 Business overview
                           17.1.9.2 Products offered
                           17.1.9.3 Recent developments
                 17.1.10 DOOSAN
                           17.1.10.1 Business overview
                           17.1.10.2 Products offered
                           17.1.10.3 Recent developments
         17.2 OTHER COMPANY PROFILES
                 17.2.1 SOLETRAC INC.
                 17.2.2 DANA LIMITED
                 17.2.3 DEUTZ AG
                 17.2.4 FENDT
                 17.2.5 HUSQVARNA
                 17.2.6 STIHL HOLDING AG AND CO. KG
                 17.2.7 XUZHOU CONSTRUCTION MACHINERY GROUP (XCMG)
                 17.2.8 SANY HEAVY INDUSTRIES
                 17.2.9 KUBOTA CORPORATION
                 17.2.10 KOBELCO CONSTRUCTION MACHINERY EUROPE B.V.
                 17.2.11 BHARAT EARTH MOVERS LIMITED
                 17.2.12 CRRC CORPORATION
                 17.2.13 CNH
                 17.2.14 WACKER NEUSON
                 17.2.15 TAKEUCHI
                 17.2.16 HYUNDAI HEAVY INDUSTRIES
                 17.2.17 LUIGONG

    18 RECOMMENDATIONS FROM MARKETSANDMARKETS (Page No. - 328)
         18.1 ASIA PACIFIC TO BE POTENTIAL MARKET FOR ELECTRIC CONSTRUCTION EQUIPMENT
         18.2 HYDROGEN-FUELED CONSTRUCTION EQUIPMENT TO CREATE NEW OPPORTUNITIES
         18.3 ELECTRIFICATION OF UNDERGROUND MINING EQUIPMENT TO BE SIGNIFICANT FOR OEMS
         18.4 RENTAL ELECTRIC CONSTRUCTION EQUIPMENT ALONG WITH TELEMATICS TO PROPEL MARKET GROWTH
         18.5 GROWTH OF AUTONOMOUS TRACTORS IN COMING YEARS
         18.6 CONCLUSION

    19 APPENDIX (Page No. - 332)
         19.1 INSIGHTS FROM INDUSTRY EXPERTS
         19.2 DISCUSSION GUIDE
         19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
         19.4 CUSTOMIZATION OPTIONS
                 19.4.1 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, BY COUNTRY
                           19.4.1.1 Construction
                           19.4.1.2 Mining
                           19.4.1.3 Agriculture
                           19.4.1.4 Gardening
                 19.4.2 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, BY COUNTRY
                           19.4.2.1 Electric
                           19.4.2.2 Hybrid
                 19.4.3 ELECTRIC CONSTRUCTION EQUIPMENT MARKET FOR ADDITIONAL COUNTRIES
                           19.4.3.1 Australia
                           19.4.3.2 Scandinavian Countries
                 19.4.4 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)
         19.5 RELATED REPORTS
         19.6 AUTHOR DETAILS


    LIST OF TABLES (331 Tables)

    TABLE 1 INCLUSIONS & EXCLUSIONS FOR ELECTRIC CONSTRUCTION EQUIPMENT MARKET
    TABLE 2 COMPARISON BETWEEN BHARAT STAGE IV AND BHARAT STAGE V REGULATIONS FOR PM LIMITS
    TABLE 3 COMPARISON BETWEEN BHARAT STAGE IV AND BHARAT STAGE V REGULATIONS FOR PN LIMITS
    TABLE 4 COMPARISON BETWEEN EURO STAGE IV, V, AND VI REGULATIONS FOR HEAVY-DUTY DIESEL ENGINES, IN G/KWH
    TABLE 5 AIR QUANTITY COMPARISON BETWEEN LIGNITE AND ANTHRACITE MINES
    TABLE 6 COST COMPARISON BETWEEN DIESEL AND ELECTRIC MINING EQUIPMENT
    TABLE 7 CONSTRUCTION EQUIPMENT NOISE EMISSION LEVELS FOR RESIDENTIAL AREAS, BY COUNTRY
    TABLE 8 LOW NOISE ELECTRIC CONSTRUCTION EQUIPMENT BY KEY OEMS
    TABLE 9 COST COMPARISON: ELECTRIC VS DIESEL POWERED OFF-HIGHWAY EQUIPMENT, BY OEM
    TABLE 10 RANGE COMPARISON: OFF-HIGHWAY DIESEL TRUCK VS BATTERY ELECTRIC TRUCK
    TABLE 11 WORKING TEMPERATURE COMPARISON FOR OFF-HIGHWAY EQUIPMENT
    TABLE 12 PORTER’S FIVE FORCES ANALYSIS
    TABLE 13 MECHANICAL SHOVELS, EXCAVATORS, AND SHOVEL LOADERS - IMPORT TRADE DATA, BY KEY COUNTRIES, 2021 (USD)
    TABLE 14 BULLDOZERS AND ANGLEDOZERS - IMPORT TRADE DATA, BY KEY COUNTRIES, 2021 (USD)
    TABLE 15 MECHANICAL SHOVELS, EXCAVATORS, AND SHOVEL LOADERS - EXPORT TRADE DATA, BY KEY COUNTRIES, 2021 (USD)
    TABLE 16 BULLDOZERS AND ANGLEDOZERS - EXPORT TRADE DATA, BY KEY COUNTRIES, 2021 (USD)
    TABLE 17 ROLE OF COMPANIES IN ELECTRIC CONSTRUCTION EQUIPMENT MARKET ECOSYSTEM
    TABLE 18 REGULATIONS/STANDARDS FOR ELECTRIC CONSTRUCTION EQUIPMENT
    TABLE 19 ASP ANALYSIS, BY APPLICATION & REGION, 2021
    TABLE 20 ASP ANALYSIS, BY EQUIPMENT TYPE & REGION, 2021
    TABLE 21 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
    TABLE 22 KEY BUYING CRITERIA FOR TOP THREE ELECTRIC CONSTRUCTION EQUIPMENT APPLICATIONS
    TABLE 23 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 24 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 25 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 26 ELECTRIC CONSTRUCTION MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 27 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 28 ELECTRIC EXCAVATOR MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 29 ELECTRIC EXCAVATOR MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 30 ELECTRIC EXCAVATOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 31 ELECTRIC LOADER MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 32 ELECTRIC LOADER MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 33 ELECTRIC LOADER MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 34 ELECTRIC LOADER MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 35 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 36 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2022–2027(UNITS)
    TABLE 37 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 38 ELECTRIC MOTOR GRADER MARKET, BY REGION, 2022–2027(USD MILLION)
    TABLE 39 ELECTRIC DOZER MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 40 ELECTRIC DOZER MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 41 ELECTRIC DOZER MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 42 ELECTRIC DOZER MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 43 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 44 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 45 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2018–2 21 (USD MILLION)
    TABLE 46 ELECTRIC DUMP TRUCK MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 47 ELECTRIC LHD MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 48 ELECTRIC LHD MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 49 ELECTRIC LHD MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 50 ELECTRIC LHD MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 51 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2018–2021 (UNITS)
    TABLE 52 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2022–2027 (UNITS)
    TABLE 53 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2018–2021 (USD MILLION)
    TABLE 54 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2022–2027 (USD MILLION)
    TABLE 55 <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 56 <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 57 <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 58 <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 59 50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 60 50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 61 50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 62 50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 63 200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 64 200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 65 200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 66 200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 67 >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 68 >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 69 >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 70 >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 71 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE, 2018–2021 (UNITS)
    TABLE 72 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE, 2022–2027 (UNITS)
    TABLE 73 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
    TABLE 74 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
    TABLE 75 LITHIUM-ION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021(UNITS)
    TABLE 76 LITHIUM-ION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 77 LITHIUM-ION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021(USD MILLION)
    TABLE 78 LITHIUM-ION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 79 LEAD-ACID: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021(UNITS)
    TABLE 80 LEAD-ACID: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 81 LEAD-ACID: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021(USD MILLION)
    TABLE 82 LEAD-ACID: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 83 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021(UNITS)
    TABLE 84 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 85 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 86 OTHER BATTERIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 87 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2021 (UNITS)
    TABLE 88 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2022–2027 (UNITS)
    TABLE 89 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2021 (USD MILLION)
    TABLE 90 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2022–2027 (USD MILLION)
    TABLE 91 <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 92 <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 93 <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 94 <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 95 50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 96 50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 97 50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 98 50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 99 150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 100 150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 101 150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 102 150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 103 >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 104 >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 105 >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 106 >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 107 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2021 (UNITS)
    TABLE 108 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2022–2027 (UNITS)
    TABLE 109 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
    TABLE 110 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    TABLE 111 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 112 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 113 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 114 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 115 ELECTRIC MINING EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 116 ELECTRIC MINING EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 117 ELECTRIC MINING EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 118 ELECTRIC MINING EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 119 ELECTRIC GARDENING EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 120 ELECTRIC GARDENING EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 121 ELECTRIC GARDENING EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 122 ELECTRIC GARDENING EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 123 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 124 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 125 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 126 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 127 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2018–2021 (UNITS)
    TABLE 128 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2022–2027 (UNITS)
    TABLE 129 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2018–2021 (USD MILLION)
    TABLE 130 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2022–2027 (USD MILLION)
    TABLE 131 HYBRID-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 132 HYBRID-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 133 HYBRID-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 134 HYBRID-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 135 BATTERY-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 136 BATTERY-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 137 BATTERY-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 138 BATTERY-ELECTRIC: CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 139 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 140 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 141 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 142 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 143 ELECTRIC LAWN MOWER MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 144 ELECTRIC LAWN MOWER MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 145 ELECTRIC LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 146 ELECTRIC LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 147 ELECTRIC SPRAYER MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 148 ELECTRIC SPRAYER MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 149 ELECTRIC SPRAYER MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 150 ELECTRIC SPRAYER MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 151 ELECTRIC TRACTOR MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 152 ELECTRIC TRACTOR MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 153 ELECTRIC TRACTOR MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 154 ELECTRIC TRACTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 155 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018–2021 (UNITS)
    TABLE 156 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2022–2027 (UNITS)
    TABLE 157 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018–2021 (USD MILLION)
    TABLE 158 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2022–2027 (USD MILLION)
    TABLE 159 HYBRID-ELECTRIC TRACTOR MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 160 HYBRID-ELECTRIC TRACTOR MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 161 HYBRID-ELECTRIC TRACTOR MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 162 HYBRID-ELECTRIC TRACTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 163 BATTERY-ELECTRIC TRACTOR MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 164 BATTERY-ELECTRIC TRACTOR MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 165 BATTERY-ELECTRIC TRACTOR MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 166 BATTERY-ELECTRIC TRACTOR MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 167 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2018–2021 (UNITS)
    TABLE 168 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2022–2027 (UNITS)
    TABLE 169 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2018–2021 (USD MILLION)
    TABLE 170 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2022–2027 (USD MILLION)
    TABLE 171 HYBRID-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 172 HYBRID-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 173 HYBRID-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 174 HYBRID-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 175 BATTERY-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 176 BATTERY-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 177 BATTERY-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 178 BATTERY-ELECTRIC: CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 179 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (UNITS)
    TABLE 180 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (UNITS)
    TABLE 181 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2021 (USD MILLION)
    TABLE 182 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022–2027 (USD MILLION)
    TABLE 183 ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2021 (UNITS)
    TABLE 184 ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022–2027 (UNITS)
    TABLE 185 ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
    TABLE 186 ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
    TABLE 187 CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 188 CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 189 CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 190 CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 191 INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 192 INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 193 INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 194 INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 195 JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 196 JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 197 JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 198 JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 199 SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 200 SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 201 SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 202 SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 203 REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 204 REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 205 REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 206 REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 207 EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2021 (UNITS)
    TABLE 208 EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022–2027 (UNITS)
    TABLE 209 EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
    TABLE 210 EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
    TABLE 211 GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 212 GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 213 GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 214 GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 215 UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 216 UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 217 UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 218 UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 219 FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 220 FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 221 FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 222 FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 223 SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 224 SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 225 SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 226 SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 227 RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 228 RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 229 RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 230 RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 231 ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 232 ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 233 ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 234 ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 235 REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 236 REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 237 REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 238 REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 239 AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2021 (UNITS)
    TABLE 240 AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022–2027 (UNITS)
    TABLE 241 AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
    TABLE 242 AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
    TABLE 243 US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 244 US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 245 US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 246 US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 247 CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 248 CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 249 CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 250 CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 251 MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 252 MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 253 MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 254 MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 255 BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 256 BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 257 BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 258 BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 259 ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (UNITS)
    TABLE 260 ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (UNITS)
    TABLE 261 ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
    TABLE 262 ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    TABLE 263 ELECTRIC CONSTRUCTION EQUIPMENT MARKET SHARE ANALYSIS, 2021
    TABLE 264 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: COMPANY PRODUCT FOOTPRINT, 2021
    TABLE 265 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: COMPANY PRODUCT FOOTPRINT, 2021
    TABLE 266 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: COMPANY REGION FOOTPRINT, 2021
    TABLE 267 ELECTRIC OFF-HIGHWAY EQUIPMENT BATTERY/COMPONENT MANUFACTURERS: COMPANY PRODUCT FOOTPRINT, 2021
    TABLE 268 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: COMPANY PRODUCT FOOTPRINT, 2021
    TABLE 269 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: COMPANY REGION FOOTPRINT, 2021
    TABLE 270 NEW PRODUCT DEVELOPMENTS, 2019–2022
    TABLE 271 DEALS, 2019–2022
    TABLE 272 OTHER DEVELOPMENTS, 2019–2022
    TABLE 273 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS, PARTNERSHIPS, AND SUPPLY CONTRACTS AS KEY GROWTH STRATEGIES FROM 2019 TO 2022
    TABLE 274 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
    TABLE 275 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
    TABLE 276 HITACHI CONSTRUCTION MACHINERY: BUSINESS OVERVIEW
    TABLE 277 HITACHI CONSTRUCTION MACHINERY : PRODUCTS OFFERED
    TABLE 278 HITACHI CONSTRUCTION MACHINERY: DEALS
    TABLE 279 HITACHI CONSTRUCTION MACHINERY: NEW PRODUCT DEVELOPMENTS
    TABLE 280 CATERPILLAR INC.: BUSINESS OVERVIEW
    TABLE 281 CATERPILLAR INC.: PRODUCTS OFFERED
    TABLE 282 CATERPILLAR INC.: DEALS
    TABLE 283 CATERPILLAR INC.: NEW PRODUCT DEVELOPMENTS
    TABLE 284 KOMATSU: BUSINESS OVERVIEW
    TABLE 285 KOMATSU: PRODUCTS OFFERED
    TABLE 286 KOMATSU: DEALS
    TABLE 287 KOMATSU: NEW PRODUCT DEVELOPMENTS
    TABLE 288 JCB: BUSINESS OVERVIEW
    TABLE 289 JCB: PRODUCTS OFFERED
    TABLE 290 JCB: DEALS
    TABLE 291 JCB: NEW PRODUCT DEVELOPMENTS
    TABLE 292 VOLVO CONSTRUCTION EQUIPMENT: BUSINESS OVERVIEW
    TABLE 293 VOLVO CONSTRUCTION EQUIPMENT: PRODUCTS OFFERED
    TABLE 294 VOLVO CONSTRUCTION EQUIPMENT: DEALS
    TABLE 295 VOLVO CONSTRUCTION EQUIPMENT: NEW PRODUCT DEVELOPMENTS
    TABLE 296 DEERE & COMPANY: BUSINESS OVERVIEW
    TABLE 297 DEERE & COMPANY : PRODUCTS OFFERED
    TABLE 298 DEERE & COMPANY: DEALS
    TABLE 299 DEERE & COMPANY: NEW PRODUCT DEVELOPMENTS
    TABLE 300 SANDVIK: BUSINESS OVERVIEW
    TABLE 301 SANDVIK : PRODUCTS OFFERED
    TABLE 302 SANDVIK: DEALS
    TABLE 303 SANDVIK: NEW PRODUCT DEVELOPMENTS
    TABLE 304 EPIROC: BUSINESS OVERVIEW
    TABLE 305 EPIROC: PRODUCTS OFFERED
    TABLE 306 EPIROC: DEALS
    TABLE 307 LIEBHERR: BUSINESS OVERVIEW
    TABLE 308 LIEBHERR : PRODUCTS OFFERED
    TABLE 309 LIEBHERR: DEALS
    TABLE 310 LIEBHERR: NEW PRODUCT DEVELOPMENTS
    TABLE 311 DOOSAN: BUSINESS OVERVIEW
    TABLE 312 DOOSAN: PRODUCTS OFFERED
    TABLE 313 DOOSAN: DEALS
    TABLE 314 DOOSAN: NEW PRODUCT DEVELOPMENTS
    TABLE 315 SOLETRAC INC.: COMPANY OVERVIEW
    TABLE 316 DANA LIMITED: COMPANY OVERVIEW
    TABLE 317 DEUTZ AG: COMPANY OVERVIEW
    TABLE 318 FENDT: COMPANY OVERVIEW
    TABLE 319 HUSQVARNA: COMPANY OVERVIEW
    TABLE 320 STIHL HOLDING AG AND CO. KG: COMPANY OVERVIEW
    TABLE 321 XUZHOU CONSTRUCTION MACHINERY GROUP (XCMG): COMPANY OVERVIEW
    TABLE 322 SANY HEAVY INDUSTRIES: COMPANY OVERVIEW
    TABLE 323 KUBOTA CORPORATION: COMPANY OVERVIEW
    TABLE 324 KOBELCO CONSTRUCTION MACHINERY EUROPE B.V.: COMPANY OVERVIEW
    TABLE 325 BHARAT EARTH MOVERS LIMITED: COMPANY OVERVIEW
    TABLE 326 CRRC CORPORATION: COMPANY OVERVIEW
    TABLE 327 CNH: COMPANY OVERVIEW
    TABLE 328 WACKER NEUSON: COMPANY OVERVIEW
    TABLE 329 TAKEUCHI: COMPANY OVERVIEW
    TABLE 330 HYUNDAI HEAVY INDUSTRIES: COMPANY OVERVIEW
    TABLE 331 LUIGONG: COMPANY OVERVIEW
     
     
    LIST OF FIGURES (58 Figures)
     
    FIGURE 1 MARKET SEGMENTATION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET
    FIGURE 2 RESEARCH DESIGN
    FIGURE 3 RESEARCH METHODOLOGY MODEL
    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
    FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    FIGURE 6 BOTTOM-UP APPROACH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET
    FIGURE 7 TOP-DOWN APPROACH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET
    FIGURE 8 DATA TRIANGULATION
    FIGURE 9 ELECTRIC CONSTRUCTION EQUIPMENT MARKET OUTLOOK
    FIGURE 10 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022 & 2027 (USD MILLION)
    FIGURE 11 GROWING NEED TO MINIMIZE EMISSIONS AND VENTILATION COSTS IN UNDERGROUND MINING TO DRIVE MARKET
    FIGURE 12 DUMP TRUCK SEGMENT ESTIMATED TO DOMINATE MARKET FROM 2022 TO 2027
    FIGURE 13 MINING SEGMENT ESTIMATED TO LEAD MARKET FROM 2022 TO 2027
    FIGURE 14 LITHIUM-ION BATTERIES WOULD BE THE MOST PREFERRED BATTERY TYPE IN ELECTRIC OFF-HIGHWAY EQUIPMENT
    FIGURE 15 <50 KWH SEGMENT ESTIMATED TO LEAD MARKET FROM 2022 TO 2027
    FIGURE 16 BATTERY ELECTRIC EQUIPMENT WOULD BE PREFERRED OVER HYBRID ELECTRIC EQUIPMENT
    FIGURE 17 BATTERY-ELECTRIC TRACTORS WOULD BE PREFERRED OVER HYBRID-ELECTRIC OVER THE FORECAST PERIOD
    FIGURE 18 <50 HP POWER OUTPUT EQUIPMENT WOULD LEAD THE ELECTRIC CONSTRUCTION EQUIPMENT MARKET
    FIGURE 19 HYBRID-ELECTRIC SEGMENT PROJECTED TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 20 ELECTRIC LAWN MOWER SEGMENT ESTIMATED TO LEAD MARKET FROM 2022 TO 2027
    FIGURE 21 AMERICAS ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
    FIGURE 22 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: MARKET DYNAMICS
    FIGURE 23 NON-ROAD MOBILE MACHINERY (NRMM) EMISSION REGULATION OUTLOOK, 2019–2030
    FIGURE 24 PORTER’S FIVE FORCES ANALYSIS
    FIGURE 25 REVENUE SHIFT FOR ELECTRIC CONSTRUCTION EQUIPMENT MARKET
    FIGURE 26 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: SUPPLY CHAIN ANALYSIS
    FIGURE 27 ELECTRIC CONSTRUCTION EQUIPMENT MARKET: ECOSYSTEM
    FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION
    FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE ELECTRIC CONSTRUCTION EQUIPMENT APPLICATIONS
    FIGURE 30 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 31 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2022 VS. 2027 (USD MILLION)
    FIGURE 32 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 33 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2022 VS. 2027 (USD MILLION)
    FIGURE 34 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
    FIGURE 35 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2022 VS. 2027 (USD MILLION)
    FIGURE 36 ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 37 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2022 VS. 2027 (USD MILLION)
    FIGURE 38 ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2022 VS. 2027 (USD MILLION)
    FIGURE 39 ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
    FIGURE 40 ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
    FIGURE 41 EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET SNAPSHOT
    FIGURE 42 EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
    FIGURE 43 AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET SNAPSHOT
    FIGURE 44 AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION)
    FIGURE 45 ELECTRIC CONSTRUCTION EQUIPMENT MARKET SHARE, 2021
    FIGURE 46 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019–2021
    FIGURE 47 COMPETITIVE EVALUATION MATRIX: ELECTRIC OFF-HIGHWAY EQUIPMENT MANUFACTURERS, 2021
    FIGURE 48 DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
    FIGURE 49 COMPETITIVE EVALUATION MATRIX: ELECTRIC OFF-HIGHWAY EQUIPMENT BATTERY/COMPONENT MANUFACTURERS, 2021
    FIGURE 50 HITACHI CONSTRUCTION MACHINERY: COMPANY SNAPSHOT
    FIGURE 51 CATERPILLAR INC: COMPANY SNAPSHOT
    FIGURE 52 KOMATSU: COMPANY SNAPSHOT
    FIGURE 53 VOLVO CONSTRUCTION EQUIPMENT: COMPANY SNAPSHOT
    FIGURE 54 DEERE & COMPANY: COMPANY SNAPSHOT
    FIGURE 55 SANDVIK: COMPANY SNAPSHOT
    FIGURE 56 EPIROC: COMPANY SNAPSHOT
    FIGURE 57 LIEBHERR: COMPANY SNAPSHOT
    FIGURE 58 DOOSAN: COMPANY SNAPSHOT

    The study involves four main activities to estimate the current size of the electric construction equipment market.

    • Exhaustive secondary research was done to collect information on the market, such as electric construction equipment market by equipment type, battery capacity, battery type, power output, application, propulsion, electric agriculture equipment market by equipment type, electric tractor market by propulsion type, electric construction & mining equipment market by propulsion type and region.
    • The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
    • Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study.
    • Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

    Secondary Research

    In the secondary research process, various secondary sources were used to identify and collect information for this study. The secondary sources included annual reports; press releases and investor presentations of companies; white papers, certified publications, articles from recognized authors, directories, and databases; and articles from recognized associations and government publishing sources.

    Secondary research was used to obtain key information about the industry’s value chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.

    Primary Research

    Extensive primary research was conducted after acquiring an understanding of the electric construction equipment market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand- (electric construction equipment manufacturers) and supply-side (battery & drive train suppliers, and others) players across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 80% and 20% of the primary interviews were conducted from the supply and demand sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, including sales, operations, and administration were strived, to provide a holistic viewpoint in reports while canvassing primaries.

    After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, has led to the findings delineated in the rest of this report.

    Electric Construction Equipment Market Size, and Share

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    A detailed market estimation approach was followed to estimate and validate the value and volume of the electric construction equipment market and other dependent submarkets, as mentioned below:

    • The bottom-up approach was used to estimate and validate the size of the global market and various other dependent sub-markets of the overall electric construction equipment market. The research methodology used to estimate the market size includes the following details.
    • The study employed the bottom-up method to estimate the market size of electric construction equipment. In this approach, country-wise off-highway equipment, including equipment such as excavator, motor grader, dozer, loader, dump truck, LHD, lawnmower, sprayer, and tractor, through secondary sources and different industry associations and organizations’ sales statistics (units) was derived.
    • Following this, secondary research was used to derive electric penetration (%) present in each of the equipment per country, and this information was validated from primary respondents. After multiplying the country-level off-highway equipment sales statistics with electric penetration, the country-level volume of electric construction equipment units was derived.
    • This resulted in the country-level volume of the electric construction equipment market. The ASP by each equipment type for each country was derived from secondary research and validated with primary sources. The ASP of electric construction equipment for different equipment types on the country level was multiplied with the volume figures to derive the country-level market in terms of value (USD million).
    • The addition of country-level markets (volume and value) gave the regional and global market, and the addition of country-level value gave the regional and global electric construction equipment market, which was validated by primary respondents.
    • Extensive secondary and primary research was carried out to understand the global market scenario and penetration for battery capacity, power output, battery type, and propulsion type per region.
    • While estimating the regional market for electric construction equipment by power output, the regional shares of <50 hp, 50–150 hp, 150–300 hp, and >300 hp equipment were identified and multiplied with the regional market size, in terms of volume, of electric construction equipment. The regional-level market size, in terms of volume, was then multiplied with the regional-level average selling price of the above-mentioned power output type of equipment. This resulted in regional-level market size, by power output, in terms of value. This information was then validated through several primary interviews with OEMs and Tier I suppliers.

    Electric Construction Equipment Market Size: Bottom-Up Approach (Application and Region)

    Electric Construction Equipment Market Size, and Share

    To know about the assumptions considered for the study, Request for Free Sample Report

    Electric Construction Equipment Market Size: Top-Down Approach (Battery Type)

    Electric Construction Equipment Market Size, and Share

    Report Objectives

    • To define, describe, and forecast the size of the electric construction equipment market in terms of volume and value
      • By equipment type (electric excavator, electric motor grader, electric dozer, electric loader, electric dump truck and electric load-haul-dump loader)
      • By battery capacity (<50 KwH, 50-200 KwH, 200-500 KwH and >500 KwH)
      • By battery type (lithium-ion, lead-acid, and others)
      • By power output (<50 HP, 50-150 HP, 150-300 HP and >300 HP)
      • By propulsion (hybrid-electric and battery-electric)
      • Electric agriculture equipment market, by equipment type (electric lawn mower, electric sprayer, and electric tractor)
      • Electric tractor market, by propulsion type (hybrid-electric and battery-electric)
      • Electric construction and mining market, by propulsion type (hybrid-electric and battery-electric)
      • By region (Asia Pacific, Americas, and Europe)
    • To qualitatively analyze and assess the electric construction equipment market, by region
    • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
    • To analyze the share of leading players in the electric construction equipment market and evaluate competitive leadership mapping
    • To strategically analyze the key player strategies/right to win and company revenue analysis
    • To strategically analyze the market with Porter’s Five Forces analysis, supply chain analysis, market ecosystem, trade analysis, case studies, ASP analysis, patent analysis, trends/disruptions impacting buyers, technology trend and regulatory analysis.
    • To analyze recent developments, including new product launches, expansions, and other activities, undertaken by key industry participants in the market.

    Available Customizations

    Along with the given market data, MarketsandMarkets offers customizations in accordance with a company’s specific needs

    • Electric Construction Equipment Market, By Application & Country
      • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
      • Europe
        • Germany
        • France
        • UK
        • Spain
        • Russia
        • Italy
        • Rest of Europe
      • Americas
        • US
        • Canada
        • Mexico
        • Brazil
        • Argentina
    • Electric Construction Equipment Market, By Type & Country
      • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
      • Europe
        • Germany
        • France
        • UK
        • Spain
        • Russia
        • Italy
        • Rest of Europe
      • Americas
        • US
        • Canada
        • Mexico
        • Brazil
        • Argentina
    • Detailed Analysis and Profiling of Additional Market Players (Up to 3)
    Electric Construction Equipment Market Size,  Share & Growth Report
    Report Code
    AT 7341
    Published ON
    Aug, 2022
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