Electric Construction Equipment Market Size, Share & Forecast 2025-2032
The global electric construction equipment market is expected to escalate from USD 2.45 billion in 2025 to USD 6.07 billion by 2032, achieving a CAGR of 13.8%. Driven by tough emissions laws, economic ROI, and robust infrastructure investments, adoption is soaring in both developed and emerging regions. Europe now leads in mini electric excavators, owning over 50% of market share due to firm carbon...
Electric Construction Equipment Market worth $6.07 billion by 2032
The electric construction equipment market is projected to reach USD 6.07 billion by 2032, from USD 2.45 billion in 2025, with a CAGR of 13.8%.
The adoption of electric construction and mining equipment faces several challenges, restraining the market and slowing its growth. The higher initial purchase price of electric models compared to traditional diesel-powered equipment (approximately 1.75...
Global Electric Construction Equipment Market Size, Share, Trends, Industry and Forecast 2030
The global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% from 2023 to 2030
The market is driven by factors such as – increasing demand to minimize exhaust emissions, operational benefits such as decreased ventilation costs in underground mining & lower operating costs of electric equipment, and...