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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The production of all-electric versions of conventional construction vehicles is being undertaken by heavy machinery manufacturers as part of efforts to make construction more environmentally friendly.
In recent years, there has been an increased push for more environmentally friendly building methods, and now electric heavy gear is entering the ranks of electric cars and public transportation as an eco-friendly substitute.
The engine runtime of diesel construction equipment determines operational time, and a significant portion of those hours are clocked while the machine is at rest. With electric, the motors shut off as soon as the operator stops working, therefore no operational hours are accrued.
The Turkey Electric Construction Equipment Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.
Turkish manufacturer Hidromek stated that its electric wheeled excavator would be available for purchase within a year. The Gebze TUBITAK Compound's Hidromec Hicon 7W electric indigenous excavator is on display prior to the opening ceremony of the Kocaeli, Turkey, TUBITAK Centres of Excellence.
The seven-ton Hicon 7W is the first vehicle in the world with rubber tyres and an all-electric drivetrain. Eight hours of driving are possible after one and a half hours of quick charging. Between 85 and 90 percent of its components, including its batteries, would be made in-house.
The Turkish government is a strong supporter of efforts involving renewable energy and electric automobiles. Due to its zero emissions, the Hicon 7W has been dubbed as economical, clever, and environmentally friendly. It is ideal for constrained urban building sites, where emissions are typically regulated.
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 |