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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The increase in demand for construction equipment with zero emissions is credited for the market expansion. The penetration of off-highway equipment has expanded as a result of the quick development of new technologies like enhanced dashboards and new cell technology in batteries.
Currently, one of the primary development objectives of the construction machinery sector is low-emission travel and work, with a global emphasis on battery-electric propulsion. Construction equipment electrification is moving along quickly.
The degree of noise pollution and hazard brought on by diesel-powered equipment might be significantly reduced with the aid of electric equipment.
These machines won't just have lower noise levels and environmental benefits from switching to electricity, but they'll also operate more efficiently, cost less to own, and almost never require contractors to pay for fuel. Large OEMs are already getting ready for the rise of electric equipment.
The US 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.
Volvo Construction Equipment (Volvo CE) officially demonstrated the capability and quietness of its battery-powered construction equipment after a test operation in Southern California.
In addition to a streaming event that included a live demonstration of Volvo CE's ECR25 Electric compact excavator, the findings of the pilot were presented in Los Angeles.
A division of the Volvo Group called Volvo CE designs and produces machinery for the construction and related sectors. In order to hasten the adoption of electric construction equipment technology, Volvo CE had been testing its battery-powered ECR25 Electric compact excavator and L25 Electric compact wheel loader with a number of clients around Southern California.
Volvo CE claims that the pilot project was an educational success and that further testing scenarios have shown that its all-electric solutions match the high-performance demands of construction clients in a range of applications.
A 5-ton all-electric compact excavator is the result of Komatsu combining its expertise with electric forklift trucks and hybrid construction equipment.
While attaining zero exhaust emissions and a significant decrease in noise, Komatsu designed the charger, high-voltage converter, and other components to give excavation performance comparable to the internal-combustion model of the same power output.
The Komatsu FE-Series electric forklift trucks' simple-maintenance battery is used by the new electric compact excavator. This battery provides two to six hours of run time with a full charge (depending on operating conditions).
The battery also enables rapid charging, expanding the number of hours that may be spent working, for instance, during a lunch break.
The machine's cab monitor panel enables real-time monitoring of power usage and charging status. Additionally, it enables remote monitoring of that data, the location of the machine, and its operational circumstances through KOMTRAX.
The tiny excavator offers better safety and serviceability since no high-voltage components must be touched by operators during daily checks before work begins because they are all positioned in the back of the machine.
| 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 |
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