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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Electric machinery will require fewer maintenance hours, cost less to own, and can almost entirely eliminate fuel expenses for contractors. Electric machines have a battery that charges quickly and can run for 4 to 8 hours. Mini excavators and compact wheel loaders are just the beginning of the electric machine portfolio, which also includes machines with zero exhaust emissions, decreased vibration, and quieter engines.
Electric machinery is much quieter, which has the potential to increase communication, safety, and productivity on the job site while lessening the disruption caused by noise pollution for those in the neighbourhood.
The air quality on building sites and in the neighbourhood might be improved by reducing harmful exhaust emissions, which would enhance the working environment for construction employees. Leading manufacturers and suppliers of construction equipment have already realised the importance of powertrain electrification as a future zero-emission technology.
The Canada Construction Equipment Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In an indication of growing industry interest in emission-free machinery, Aecon, one of Canada's top construction companies, is collaborating with Volvo Building Equipment to begin its second pilot of electric heavy machinery on construction sites in Ontario. Aecon set a reduction target for GHG emissions. Construction equipment, also known as "yellow iron," is unquestionably one of the main sources of our GHG emissions.
The long-term goal of Aecon is complete electrification. There is a sizable gap in the business that has to be filled between selecting the proper electric machine for the work and lowering the cost of heavy-duty gear. However, Aecon is making quick progress and is prepared to enter phase two of its pilot programme.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |