A Compact Electric Construction Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade
Description
Compact Electric Construction Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global market for compact electric construction equipment is experiencing impressive growth, driven by a boom in construction activities and stricter environmental regulations. In 2024, the market size is estimated to be USD 66.02 billion, and it is projected to reach USD 163.8 billion by 2031, growing at an impressive CAGR of 13.90%. This surge in demand is attributed to a growing preference for eco-friendly construction practices and advancements in technology.
Key Factors Driving Market Growth
The popularity of compact electric construction equipment can be largely credited to its adaptability and efficiency, outperforming traditional larger machinery in many tasks. The transition to electric equipment is being accelerated by stringent environmental regulations that encourage the use of electric machinery, such as wheel loaders and excavators. This shift reflects a broader global movement towards sustainable and eco-friendly construction practices.
Emerging Trends and Opportunities
Consumer preferences are shifting from pedal-operated machinery to joystick-operated models, with advanced features like suspension seats, air-conditioned cabins, and GPS tracking systems making compact electric equipment more appealing. The integration of GPS technology allows users to remotely monitor and track their equipment, enhancing operational efficiency and security.
Infrastructure Investments Driving Demand
Local governments and municipalities are heavily investing in infrastructure to keep up with rapid urban expansion. These investments are fueling the demand for compact electric construction equipment, with major infrastructure projects creating a significant market for small, efficient machinery.
Challenges and Market Dynamics
Despite a positive outlook, the market faces challenges such as fluctuating raw material prices and high metal costs. However, advancements in battery technology and the development of charging infrastructure are opening new opportunities in the smart electric construction equipment sector. The market also contends with low entry barriers and market structure issues, along with fluctuating fuel prices.
Product Segmentation Insights
The market is primarily driven by the forklift segment, which has generated substantial revenue. Electric forklifts, ideal for indoor and smooth-surface applications, continue to dominate the market. Additionally, the demand for lightweight electric loaders is expected to grow, driven by their efficiency and innovative products like electric compact loaders.
Regional Market Overview
United States: Innovation Leader
The United States remains a key player in the compact electric construction equipment market, known for its strong infrastructure and presence of major market players. Although construction activities are fewer compared to emerging markets, the U.S. continues to drive growth through innovation and strategic expansions into Asia Pacific regions.
Europe: Growth Hotspot
Europe is poised to be a lucrative market for compact electric construction equipment, with a strong focus on zero-emission technology and ongoing infrastructure projects. Countries such as Germany, the UK, and France are leading this trend, resulting in significant market share and expansion opportunities.
Asia Pacific: Rapid Development
In Asia Pacific, Japan is witnessing robust growth in the compact electric construction equipment sector. The country's rapid infrastructure development and stringent environmental regulations are boosting demand. Additionally, countries like South Korea and India are increasing their investments in urban infrastructure, further driving the need for compact electric machinery.
Competitive Analysis
• Caterpillar
• JCB
• HAULOTTE GROUP
• Wacker Neuson SE
• Toyota Motor Corporation
• Hyster-Yale Group, Inc.
• SANY Group
• Volvo CE
• Hyundai CE
• Bobcat
Key Segments Covered in the Compact Electric Construction Equipment Industry Report
Compact Electric Construction Equipment Industry by Product Type
• Forklift
• Loader
• Excavator
Mini
Midi
• AWP
Telehandler
Boom
Scissor
Compact Electric Construction Equipment Industry by Ton Type
• Below 5 Ton
• 6 to 8 Ton
• 8 to 10 Ton
Fairfield Market Research Market by Region
• North America Market
• Europe Market
• Asia-Pacific Market
• Middle East & Africa Market
• South America Market
Please note: Delivery Timelines - 5 working days.
Table of Contents
333 Pages
- 1. Executive Summary
- 1.1. Global Compact Electric Construction Equipment Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value and Volume, 2023
- 1.5. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Impact of Ukraine-Russia Conflict
- 2.7. Economic Overview
- 2.7.1. World Economic Projections
- 2.8. PESTLE Analysis
- 3. Production Output and Trade Statistics, 2019 - 2023
- 3.1. Global Compact Electric Construction Equipment Production Output, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa
- 4. Price Analysis, 2019 - 2023
- 4.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023
- 4.2. Prominent Factor Affecting Compact Electric Construction Equipment Prices
- 4.3. Global Average Price Analysis, by Region, US$ Per Unit
- 5. Global Compact Electric Construction Equipment Market Outlook, 2019 - 2031
- 5.1. Global Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
- 5.1.1.1. Forklift
- 5.1.1.2. Loader
- 5.1.1.3. Excavator
- 5.1.1.3.1. Mini
- 5.1.1.3.2. Midi
- 5.1.1.4. AWP
- 5.1.1.4.1. Telehandler
- 5.1.1.4.2. Boom
- 5.1.1.4.3. Scissor
- 5.2. Global Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
- 5.2.1.1. Below 5 Ton
- 5.2.1.2. 6 to 8 Ton
- 5.2.1.3. 8 to 10 Ton
- 5.3. Global Compact Electric Construction Equipment Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
- 5.3.1.1. North America
- 5.3.1.2. Europe
- 5.3.1.3. Asia Pacific
- 5.3.1.4. Latin America
- 5.3.1.5. Middle East & Africa
- 6. North America Compact Electric Construction Equipment Market Outlook, 2019 - 2031
- 6.1. North America Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
- 6.1.1.1. Forklift
- 6.1.1.2. Loader
- 6.1.1.3. Excavator
- 6.1.1.3.1. Mini
- 6.1.1.3.2. Midi
- 6.1.1.4. AWP
- 6.1.1.4.1. Telehandler
- 6.1.1.4.2. Boom
- 6.1.1.4.3. Scissor
- 6.2. North America Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
- 6.2.1.1. Below 5 Ton
- 6.2.1.2. 6 to 8 Ton
- 6.2.1.3. 8 to 10 Ton
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
- 6.3. North America Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
- 6.3.1.1. U.S. Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.2. U.S. Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.3. Canada Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.4. Canada Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 7. Europe Compact Electric Construction Equipment Market Outlook, 2019 - 2031
- 7.1. Europe Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
- 7.1.1.1. Forklift
- 7.1.1.2. Loader
- 7.1.1.3. Excavator
- 7.1.1.3.1. Mini
- 7.1.1.3.2. Midi
- 7.1.1.4. AWP
- 7.1.1.4.1. Telehandler
- 7.1.1.4.2. Boom
- 7.1.1.4.3. Scissor
- 7.2. Europe Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.2.1. Key Highlights
- 7.2.1.1. Below 5 Ton
- 7.2.1.2. 6 to 8 Ton
- 7.2.1.3. 8 to 10 Ton
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
- 7.3. Europe Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
- 7.3.1.1. Germany Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.2. Germany Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.3. U.K. Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.4. U.K. Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.5. France Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.6. France Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.7. Italy Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.8. Italy Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.9. Turkey Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.10. Turkey Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.11. Russia Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.12. Russia Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.13. Rest of Europe Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.14. Rest of Europe Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Asia Pacific Compact Electric Construction Equipment Market Outlook, 2019 - 2031
- 8.1. Asia Pacific Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
- 8.1.1.1. Forklift
- 8.1.1.2. Loader
- 8.1.1.3. Excavator
- 8.1.1.3.1. Mini
- 8.1.1.3.2. Midi
- 8.1.1.4. AWP
- 8.1.1.4.1. Telehandler
- 8.1.1.4.2. Boom
- 8.1.1.4.3. Scissor
- 8.2. Asia Pacific Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
- 8.2.1.1. Below 5 Ton
- 8.2.1.2. 6 to 8 Ton
- 8.2.1.3. 8 to 10 Ton
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.3. Asia Pacific Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
- 8.3.1.1. China Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.2. China Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.3. Japan Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.4. Japan Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.5. South Korea Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.6. South Korea Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.7. India Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.8. India Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.9. Southeast Asia Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.10. Southeast Asia Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.11. Rest of Asia Pacific Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.12. Rest of Asia Pacific Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Latin America Compact Electric Construction Equipment Market Outlook, 2019 - 2031
- 9.1. Latin America Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.1.1. Key Highlights
- 9.1.1.1. Forklift
- 9.1.1.2. Loader
- 9.1.1.3. Excavator
- 9.1.1.3.1. Mini
- 9.1.1.3.2. Midi
- 9.1.1.4. AWP
- 9.1.1.4.1. Telehandler
- 9.1.1.4.2. Boom
- 9.1.1.4.3. Scissor
- 9.2. Latin America Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.2.1. Key Highlights
- 9.2.1.1. Below 5 Ton
- 9.2.1.2. 6 to 8 Ton
- 9.2.1.3. 8 to 10 Ton
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
- 9.3. Latin America Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1. Key Highlights
- 9.3.1.1. Brazil Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.2. Brazil Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.3. Mexico Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.4. Mexico Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.5. Argentina Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.6. Argentina Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.7. Rest of Latin America Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.8. Rest of Latin America Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
- 10. Middle East & Africa Compact Electric Construction Equipment Market Outlook, 2019 - 2031
- 10.1. Middle East & Africa Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.1.1. Key Highlights
- 10.1.1.1. Forklift
- 10.1.1.2. Loader
- 10.1.1.3. Excavator
- 10.1.1.3.1. Mini
- 10.1.1.3.2. Midi
- 10.1.1.4. AWP
- 10.1.1.4.1. Telehandler
- 10.1.1.4.2. Boom
- 10.1.1.4.3. Scissor
- 10.2. Middle East & Africa Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.2.1. Key Highlights
- 10.2.1.1. Below 5 Ton
- 10.2.1.2. 6 to 8 Ton
- 10.2.1.3. 8 to 10 Ton
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
- 10.3. Middle East & Africa Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1. Key Highlights
- 10.3.1.1. GCC Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.2. GCC Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.3. South Africa Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.4. South Africa Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.5. Egypt Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.6. Egypt Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.7. Nigeria Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.8. Nigeria Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.9. Rest of Middle East & Africa Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1.10. Rest of Middle East & Africa Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
- 11. Competitive Landscape
- 11.1. Company Market Share Analysis, 2023
- 11.2. Competitive Dashboard
- 11.3. Company Profiles
- 11.3.1. Caterpillar
- 11.3.1.1. Company Overview
- 11.3.1.2. Product Portfolio
- 11.3.1.3. Financial Overview
- 11.3.1.4. Business Strategies and Development
- 11.3.2. JCB
- 11.3.2.1. Company Overview
- 11.3.2.2. Product Portfolio
- 11.3.2.3. Financial Overview
- 11.3.2.4. Business Strategies and Development
- 11.3.3. HAULOTTE GROUP
- 11.3.3.1. Company Overview
- 11.3.3.2. Product Portfolio
- 11.3.3.3. Financial Overview
- 11.3.3.4. Business Strategies and Development
- 11.3.4. Wacker Neuson SE
- 11.3.4.1. Company Overview
- 11.3.4.2. Product Portfolio
- 11.3.4.3. Financial Overview
- 11.3.4.4. Business Strategies and Development
- 11.3.5. Toyota Motor Corporation
- 11.3.5.1. Company Overview
- 11.3.5.2. Product Portfolio
- 11.3.5.3. Financial Overview
- 11.3.5.4. Business Strategies and Development
- 11.3.6. Hyster-Yale Group, Inc.
- 11.3.6.1. Company Overview
- 11.3.6.2. Product Portfolio
- 11.3.6.3. Financial Overview
- 11.3.6.4. Business Strategies and Development
- 11.3.7. SANY Group
- 11.3.7.1. Company Overview
- 11.3.7.2. Product Portfolio
- 11.3.7.3. Financial Overview
- 11.3.7.4. Business Strategies and Development
- 11.3.8. Volvo CE
- 11.3.8.1. Company Overview
- 11.3.8.2. Product Portfolio
- 11.3.8.3. Financial Overview
- 11.3.8.4. Business Strategies and Development
- 11.3.9. Hyundai CE
- 11.3.9.1. Company Overview
- 11.3.9.2. Product Portfolio
- 11.3.9.3. Financial Overview
- 11.3.9.4. Business Strategies and Development
- 11.3.10. Bobcat
- 11.3.10.1. Company Overview
- 11.3.10.2. Product Portfolio
- 11.3.10.3. Financial Overview
- 11.3.10.4. Business Strategies and Development
- 12. Appendix
- 12.1. Research Methodology
- 12.2. Report Assumptions
- 12.3. Acronyms and Abbreviations
Pricing
Currency Rates
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