Electric Construction Equipment Market is segmented By Equipment (Electric Excavators (Mini Electric...
Market Size in USD Bn
CAGR23.8%
Study Period | 2025-2032 |
Base Year of Estimation | 2024 |
CAGR | 23.8% |
Market Concentration | High |
Major Players | Caterpillar Inc., Volvo Construction Equipment, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., J.C. Bamford Excavators Limited (JCB) and Among Others |
The electric construction equipment market is estimated to be valued at USD 15.78 Bn in 2025 and is expected to reach USD 70.33 Bn by 2032, growing at a compound annual growth rate (CAGR) of 23.8% from 2025 to 2032. The electric construction equipment market is expected to witness significant growth with growing awareness about the environmental benefits of electric equipment compared to traditional diesel-powered variants.