Electric Construction Equipment Market Size, Share, Trends, Industry Analysis Report By Equipment (Excavators, Loaders, Bulldozers), By Battery Capacity, By Battery Technology, By Power Source, By End-Use Industry, By Region – Market Forecast, 2025–2034

The electric construction equipment market size is expected to reach USD 115.35 billion by 2034, according to a new study by Polaris Market Research. The report “Electric Construction Equipment Market Share, Size, Trends, Industry Analysis Report By Equipment (Excavators, Loaders, Bulldozers), By Battery Capacity, By Battery Technology, By Power Source, By End-Use Industry, By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electric construction equipment are electric-powered machinery and tools used in building construction, infrastructure development, and other construction-related tasks. Unlike traditional diesel or gasoline-powered equipment, electric variants rely on batteries or direct electrical connections, offering a cleaner, quieter, and often more efficient alternative. This category includes electric excavators, loaders, cranes, forklifts, concrete mixers, and compactors, among others. These machines are designed to perform heavy-duty tasks such as digging, lifting, material handling, and site preparation while minimizing environmental impact.

The usage of electric construction equipment is growing rapidly due to its numerous advantages. One key benefit is reduced emissions, as electric machines produce zero on-site exhaust, making them ideal for urban projects and indoor construction where air quality is a concern. Additionally, they operate more quietly than diesel-powered equipment, reducing noise pollution, a significant advantage in residential areas or noise-sensitive zones. Electric machinery also tends to have lower operating costs since electricity is generally cheaper than diesel, and maintenance requirements are reduced due to fewer moving parts and no need for oil changes or fuel filters. These benefits of electric construction equipment are encouraging construction companies to adopt them.

Electric Construction Equipment Market Report Highlights

In terms of equipment, the excavators segment accounted for a major market share in 2024 due to their widespread adoption across a variety of construction activities such as site preparation, trenching, demolition, and material handling.

Based on battery capacity, the 50 kWh to 200 kWh segment accounted for 42.87% of revenue share in 2024 due to its optimal balance between power output and operational efficiency.

In terms of battery technology, the lithium-ion segment dominated the market share in 2024, accounting for a 73.21% share. This is due to its superior energy density, longer lifecycle, and faster charging capabilities compared to traditional alternatives.

Based on power source, the battery electric vehicles (BEV) segment held a larger market share in 2024 owing to their zero-emission operation, lower maintenance costs, and improved energy efficiency.

Asia Pacific accounted for a 34.16% share of the global electric construction equipment market in 2024. This dominance is attributed to rapid urbanization, stringent emissions regulations, and government incentives for green construction.

The market in North America is projected to hold a substantial share in the coming years, owing to corporate sustainability goals, rising diesel prices, and stricter environmental regulations.

A few global key players in the electric construction equipment market include Caterpillar Inc.; Doosan Infracore Co., Ltd.; Hitachi Construction Machinery Co., Ltd.; JCB; John Deere; Komatsu Ltd.; Kubota Corporation; Liebherr Group; Sany Group; Terex Corporation; and Volvo CE.

Polaris Market Research has segmented the electric construction equipment market report on the basis of equipment, battery capacity, battery technology, power source, end-use industry, and region:

By Equipment Outlook (Revenue, USD Billion, 2020–2034)

Excavators

Loaders

Bulldozers

Cranes

Dump trucks

Roller

Others

By Battery Capacity Outlook (Revenue, USD Billion, 2020–2034)

Less Than 50 kWh

50 kWh to 200 kWh

More Than 200 kWh

By Battery Technology Outlook (Revenue, USD Billion, 2020–2034)

Lead-Acid

Lithium-Ion

Nickel-Metal Hydride

By Power Source Outlook (Revenue, USD Billion, 2020–2034)

Battery Electric Vehicles (BEV)

Plug-in Hybrid Electric Vehicles (PHEV)

By End-Use Industry Outlook (Revenue, USD Billion, 2020–2034)

Construction

Mining

Material handling

Agriculture

Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

U.S.

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America Show more