Electric Construction And Agriculture Equipment Market By Type, By Battery Capacity, By Electric fuel type : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The Electric Construction And Agriculture Equipment Market was valued for $3,661,283.40 thousand in 2022 and is estimated to reach $24,271,192.80 thousand by 2032, exhibiting a CAGR of 21.1% from 2023 to 2032.Construction and agricultural equipment can be a major source of air pollution; however, electrifying them is expected to offer significant opportunities not only in improving the air quality but also to reduce fuel use and greenhouse gas emissions. Stringent emissions control regulations are being implemented by governments and environmental organizations to adopt electric construction equipment. Furthermore, several cities are imposing noise limitations on construction enterprises to reduce noise pollution. Considering construction equipment, battery-powered options are ideally considered as a more silent solution.

Electric Construction And Agriculture Equipment Market - IMG1

Electric construction equipment are well-suited for urban locations as they comply with noise limitations, encouraging a more pleasant environment. Furthermore, these electric vehicles are emission-free, helping both the local building site and the surrounding areas by reducing environmental impact. Their increased efficiency, as a result of rapid torque and greater performance, along with lower running costs, makes them a suitable financial and environmental choice.

The market for electric construction and agricultural equipment is expanding at a notable pace as innovation keeps up with the changing consumer, business, and other requirements. In addition, breakthroughs in the field of electric equipment batteries have been made in recent years, pushing the limits of performance, range, and sustainability. Moreover, the charging procedures have been improved to improve the overall operational efficiency. Rapid charging systems have emerged, making it possible to replace electric construction equipment batteries more quickly. These high-power charging stations and fast-charging capabilities shorten charge times dramatically, allowing for increased productivity on construction sites. Intelligent controls and remote monitoring are made possible by the incorporation of contemporary digital technologies into smart charging infrastructure. Solid-state batteries are the next step in battery operated vehicle technology. The market growth is further driven by rise in awareness about environmental sustainability, which has pushed construction companies to seek greener alternatives to diesel-powered equipment. Thus, government regulations supporting environmentally friendly construction practices encourage the transition to electric equipment, ensuring compliance and cutting emissions. Although initial investments in electric machinery are costly, they give long-term economic effectiveness, lower operational costs, and less environmental impact, and they benefit from sustainability incentives. Moreover, advancements in battery technology and the continued development of efficient electric gear increase their competitiveness, compelling construction enterprises to employ such new solutions. This trend is aided further by the quieter operation of electric equipment and the growing demand for environmentally friendly operations.

The global electric construction and agriculture equipment market is segmented into type, battery capacity, electric fuel type, and region. Depending on type, the market is bifurcated into construction and agriculture. By battery capacity, it is categorized into 75kwh up to 100 kw, 101 kw up to 125kw, and 126 kw to 150kw. On the basis of electric fuel type, it is divided into battery electric, plug-in hybrid, and fuel cell/hydrogen. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The COVID-19 pandemic led several multinational corporations to stop operations to comply with new government restrictions aimed at limiting disease transmission. This suspension in operations has a direct influence on the worldwide market's revenue flow. Furthermore, manufacturing of industrial products was ceased owing to scarcity of raw materials and workers during lockdown. No fresh consignments were received by enterprises in this industry. As a result, the worldwide market in 2020 was impacted by the suspension of industrial activities and lockdown for several months.

The key players profiled in the electric construction and agriculture equipment market report include Komatsu Ltd., AB Volvo, KUBOTA Corporation, Caterpillar, Deere and Company, Doosan Corporation, Sandvik AB, Epicroc, Liebherr Group, and Hitachi.

Key Benefits for Stakeholders

The report provides an extensive analysis of the current trends and future estimations of the global electric construction and agriculture equipment market.
In-depth market analysis is conducted by constructing market estimations for key segments between 2022 and 2032.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the countries is also provided in the report.
Market forecast analysis from 2023 to 2032 is included in the report.
The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the electric construction and agriculture equipment.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Investment Opportunities
Supply Chain Analysis & Vendor Margins
Upcoming/New Entrant by Regions
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Pain Point Analysis
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Market share analysis of players at global/region/country level
Product Consumption Analysis
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Electric fuel type

Battery Electric
Plug-in Hybrid
Fuel Cell/Hydrogen

By Type

Construction
- Type
- Excavators
- Wheel Loaders and Dozers
- Skid Steer Loaders
- Loader/Backhoes
- Off-highway trucks
- Crawlers
- Graders
- Pavers
- Bore/Drill Rigs
- Others
Agriculture
- Type
- AG Tractors
- Sprayers
- Others

By Battery Capacity

126 kW to 150kW
75kWh up to 100 kW
101 kW up to 125kW

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

AB Volvo
KUBOTA Corporation
Caterpillar
Deere and Company
Doosan Corporation
Sandvik AB
Liebherr Group
Komatsu Ltd.
Hitachi, Ltd.
Epiroc AB

Product Code: A290152

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Surge in demand for noiseless construction
  - 3.4.1.2. Increase in fuel prices
  - 3.4.1.3. Expansion of the construction industry
- 3.4.2. Restraints
  - 3.4.2.1. Loss of productivity due to prolonged charging time
  - 3.4.2.2. Inconsistent charging standards
- 3.4.3. Opportunities
  - 3.4.3.1. Technical advancements in battery charging

CHAPTER 4: ELECTRIC CONSTRUCTION AND AGRICULTURE EQUIPMENT MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Construction
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Construction Electric Construction And Agriculture Equipment Market by Type
  - 4.2.4.1. Excavators Market size and forecast, by region
  - 4.2.4.2. Excavators Market size and forecast, by country
  - 4.2.4.3. Wheel Loaders and Dozers Market size and forecast, by region
  - 4.2.4.4. Wheel Loaders and Dozers Market size and forecast, by country
  - 4.2.4.5. Skid Steer Loaders Market size and forecast, by region
  - 4.2.4.6. Skid Steer Loaders Market size and forecast, by country
  - 4.2.4.7. Loader/Backhoes Market size and forecast, by region
  - 4.2.4.8. Loader/Backhoes Market size and forecast, by country
  - 4.2.4.9. Off-highway trucks Market size and forecast, by region
  - 4.2.4.10. Off-highway trucks Market size and forecast, by country
  - 4.2.4.11. Crawlers Market size and forecast, by region
  - 4.2.4.12. Crawlers Market size and forecast, by country
  - 4.2.4.13. Graders Market size and forecast, by region
  - 4.2.4.14. Graders Market size and forecast, by country
  - 4.2.4.15. Pavers Market size and forecast, by region
  - 4.2.4.16. Pavers Market size and forecast, by country
  - 4.2.4.17. Bore/Drill Rigs Market size and forecast, by region
  - 4.2.4.18. Bore/Drill Rigs Market size and forecast, by country
  - 4.2.4.19. Others Market size and forecast, by region
  - 4.2.4.20. Others Market size and forecast, by country
4.3. Agriculture
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.3.4. Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 4.3.4.1. AG Tractors Market size and forecast, by region
  - 4.3.4.2. AG Tractors Market size and forecast, by country
  - 4.3.4.3. Sprayers Market size and forecast, by region
  - 4.3.4.4. Sprayers Market size and forecast, by country
  - 4.3.4.5. Others Market size and forecast, by region
  - 4.3.4.6. Others Market size and forecast, by country

CHAPTER 5: ELECTRIC CONSTRUCTION AND AGRICULTURE EQUIPMENT MARKET, BY BATTERY CAPACITY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. 75kWh up to 100 kW
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. 101 kW up to 125kW
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. 126 kW to 150kW
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: ELECTRIC CONSTRUCTION AND AGRICULTURE EQUIPMENT MARKET, BY ELECTRIC FUEL TYPE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Battery Electric
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Plug-in Hybrid
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Fuel Cell/Hydrogen
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: ELECTRIC CONSTRUCTION AND AGRICULTURE EQUIPMENT MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Type
  - 7.2.2.1. North America Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.2.2.2. North America Agriculture Electric Construction And Agriculture Equipment Market by Type
- 7.2.3. Market size and forecast, by Battery Capacity
- 7.2.4. Market size and forecast, by Electric fuel type
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Type
  - 7.2.5.1.1.1. U.S. Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.2.5.1.1.2. U.S. Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.2.5.1.2. Market size and forecast, by Battery Capacity
  - 7.2.5.1.3. Market size and forecast, by Electric fuel type
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Type
  - 7.2.5.2.1.1. Canada Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.2.5.2.1.2. Canada Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.2.5.2.2. Market size and forecast, by Battery Capacity
  - 7.2.5.2.3. Market size and forecast, by Electric fuel type
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Market size and forecast, by Type
  - 7.2.5.3.1.1. Mexico Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.2.5.3.1.2. Mexico Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.2.5.3.2. Market size and forecast, by Battery Capacity
  - 7.2.5.3.3. Market size and forecast, by Electric fuel type
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Type
  - 7.3.2.1. Europe Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.3.2.2. Europe Agriculture Electric Construction And Agriculture Equipment Market by Type
- 7.3.3. Market size and forecast, by Battery Capacity
- 7.3.4. Market size and forecast, by Electric fuel type
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Market size and forecast, by Type
  - 7.3.5.1.1.1. Germany Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.1.1.2. Germany Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.1.2. Market size and forecast, by Battery Capacity
  - 7.3.5.1.3. Market size and forecast, by Electric fuel type
  - 7.3.5.2. France
  - 7.3.5.2.1. Market size and forecast, by Type
  - 7.3.5.2.1.1. France Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.2.1.2. France Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.2.2. Market size and forecast, by Battery Capacity
  - 7.3.5.2.3. Market size and forecast, by Electric fuel type
  - 7.3.5.3. UK
  - 7.3.5.3.1. Market size and forecast, by Type
  - 7.3.5.3.1.1. UK Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.3.1.2. UK Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.3.2. Market size and forecast, by Battery Capacity
  - 7.3.5.3.3. Market size and forecast, by Electric fuel type
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Type
  - 7.3.5.4.1.1. Italy Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.4.1.2. Italy Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.4.2. Market size and forecast, by Battery Capacity
  - 7.3.5.4.3. Market size and forecast, by Electric fuel type
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Market size and forecast, by Type
  - 7.3.5.5.1.1. Rest of Europe Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.5.1.2. Rest of Europe Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.3.5.5.2. Market size and forecast, by Battery Capacity
  - 7.3.5.5.3. Market size and forecast, by Electric fuel type
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Type
  - 7.4.2.1. Asia-Pacific Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.4.2.2. Asia-Pacific Agriculture Electric Construction And Agriculture Equipment Market by Type
- 7.4.3. Market size and forecast, by Battery Capacity
- 7.4.4. Market size and forecast, by Electric fuel type
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Type
  - 7.4.5.1.1.1. China Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.1.1.2. China Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.1.2. Market size and forecast, by Battery Capacity
  - 7.4.5.1.3. Market size and forecast, by Electric fuel type
  - 7.4.5.2. India
  - 7.4.5.2.1. Market size and forecast, by Type
  - 7.4.5.2.1.1. India Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.2.1.2. India Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.2.2. Market size and forecast, by Battery Capacity
  - 7.4.5.2.3. Market size and forecast, by Electric fuel type
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Market size and forecast, by Type
  - 7.4.5.3.1.1. Japan Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.3.1.2. Japan Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.3.2. Market size and forecast, by Battery Capacity
  - 7.4.5.3.3. Market size and forecast, by Electric fuel type
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Market size and forecast, by Type
  - 7.4.5.4.1.1. South Korea Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.4.1.2. South Korea Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.4.2. Market size and forecast, by Battery Capacity
  - 7.4.5.4.3. Market size and forecast, by Electric fuel type
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Type
  - 7.4.5.5.1.1. Rest of Asia-Pacific Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.5.1.2. Rest of Asia-Pacific Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.4.5.5.2. Market size and forecast, by Battery Capacity
  - 7.4.5.5.3. Market size and forecast, by Electric fuel type
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Type
  - 7.5.2.1. LAMEA Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.5.2.2. LAMEA Agriculture Electric Construction And Agriculture Equipment Market by Type
- 7.5.3. Market size and forecast, by Battery Capacity
- 7.5.4. Market size and forecast, by Electric fuel type
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Type
  - 7.5.5.1.1.1. Latin America Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.5.5.1.1.2. Latin America Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.5.5.1.2. Market size and forecast, by Battery Capacity
  - 7.5.5.1.3. Market size and forecast, by Electric fuel type
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Type
  - 7.5.5.2.1.1. Middle East Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.5.5.2.1.2. Middle East Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.5.5.2.2. Market size and forecast, by Battery Capacity
  - 7.5.5.2.3. Market size and forecast, by Electric fuel type
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Type
  - 7.5.5.3.1.1. Africa Construction Electric Construction And Agriculture Equipment Market by Type
  - 7.5.5.3.1.2. Africa Agriculture Electric Construction And Agriculture Equipment Market by Type
  - 7.5.5.3.2. Market size and forecast, by Battery Capacity
  - 7.5.5.3.3. Market size and forecast, by Electric fuel type

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Komatsu Ltd.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. AB Volvo
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. KUBOTA Corporation
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Caterpillar
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Deere and Company
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Key strategic moves and developments
9.6. Doosan Corporation
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Sandvik AB
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Epiroc AB
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Key strategic moves and developments
9.9. Liebherr Group
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Hitachi, Ltd.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio