Electric Construction Equipment Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Electric Construction Equipment Market is segmented By Equipment (Electric Excavators (Mini Electric...

Electric Construction Equipment Market Size

Market Size in USD Bn

CAGR23.8%

Study Period2025-2032
Base Year of Estimation2024
CAGR23.8%
Market ConcentrationHigh
Major PlayersCaterpillar Inc., Volvo Construction Equipment, Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., J.C. Bamford Excavators Limited (JCB) and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Electric Construction Equipment Market Analysis

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.

Electric Construction Equipment Market Size