Compact Electric Construction Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

Description

The global market for compact electric construction equipment is currently experiencing remarkable growth, driven by an uptick in construction activities and tightening environmental regulations. In 2024, the market size is estimated to be USD 66.02 billion, and it is projected to reach USD 163.8 billion by 2031, growing at an impressive CAGR of 13.90%. As the market is set for substantial expansion, the demand for compact electric machinery is reaching new heights. This surge is largely due to a growing inclination toward eco-friendly construction practices and technological advancements.

Key Drivers of Market Growth

The adoption of compact electric construction equipment is significantly influenced by its efficiency and versatility in performing tasks that were traditionally handled by larger machines. The push towards electric equipment is further supported by stringent environmental regulations that promote the use of electric machinery, such as wheel loaders and excavators. These regulations reflect a global shift towards more sustainable and environmentally-friendly construction practices.

Trends and Opportunities

Consumer preferences are shifting from pedal-operated machinery to joystick-operated models. The introduction of advanced features, such as suspension seats, air-conditioned cabins, and GPS tracking systems, is making compact electric equipment increasingly appealing. GPS technology allows for remote monitoring and tracking, enhancing operational efficiency and security.

Infrastructure Investments Driving Demand

Local governments and municipalities are investing significantly in infrastructure to keep pace with rapid urban development. These investments are boosting demand for compact electric construction equipment, creating a robust market for small and efficient machinery. Major infrastructure projects in various regions are fueling this demand.

Challenges and Market Dynamics

Despite the positive market outlook, the compact electric construction equipment sector faces challenges such as fluctuating raw material prices and high metal costs. However, advancements in battery technology and the development of charging infrastructure are opening new opportunities. The market is also dealing with low entry barriers, structural issues, and volatile fuel prices.

Product Segment Insights

The market is predominantly driven by electric forklifts, which have generated substantial revenue due to their suitability for indoor and smooth-surface applications. The demand for lightweight electric loaders is also expected to grow, thanks to their efficiency and the introduction of innovative products like electric compact loaders.

Regional Market Highlights

United States: The U.S. remains a leader in compact electric construction equipment, driven by its strong infrastructure and major market players. While construction activity is lower compared to emerging economies, innovation and strategic expansions in Asia Pacific are boosting U.S. market growth.
Europe: Europe is poised to be a key market for compact electric construction equipment, thanks to its focus on zero-emission technologies and ongoing infrastructure projects. Countries like Germany, the UK, and France are leading this trend, contributing to significant market share and growth opportunities.
Asia Pacific: Japan is seeing significant growth in the compact electric construction equipment sector due to rapid infrastructure development and strict environmental regulations. Additionally, countries such as South Korea and India are ramping up investments in urban infrastructure, driving the demand for compact electric machinery.

Competitive Analysis

Caterpillar
JCB
HAULOTTE GROUP
Wacker Neuson SE
Toyota Motor Corporation
Hyster-Yale Group, Inc.
SANY Group
Volvo CE
Hyundai CE
Bobcat

Key Segments Covered in the Compact Electric Construction Equipment Industry Report

Compact Electric Construction Equipment Industry by Product Type

Forklift
Loader
Excavator
- oMini
- oMidi
AWP
- oTelehandler
- oBoom
- oScissor

Compact Electric Construction Equipment Industry by Ton Type

Below 5 Ton
6 to 8 Ton
8 to 10 Ton

Fairfield Market Research Market by Region

North America Market
Europe Market
Asia-Pacific Market
Middle East & Africa Market
South America Market

1. Executive Summary

1.1. Global Compact Electric Construction Equipment Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019 - 2023

3.1. Global Compact Electric Construction Equipment Production Output, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2019 - 2023

4.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023
4.2. Prominent Factor Affecting Compact Electric Construction Equipment Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Compact Electric Construction Equipment Market Outlook, 2019 - 2031

5.1. Global Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Forklift
  - 5.1.1.2. Loader
  - 5.1.1.3. Excavator
    - 5.1.1.3.1. Mini
    - 5.1.1.3.2. Midi
  - 5.1.1.4. AWP
    - 5.1.1.4.1. Telehandler
    - 5.1.1.4.2. Boom
    - 5.1.1.4.3. Scissor
5.2. Global Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Below 5 Ton
  - 5.2.1.2. 6 to 8 Ton
  - 5.2.1.3. 8 to 10 Ton
5.3. Global Compact Electric Construction Equipment Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Compact Electric Construction Equipment Market Outlook, 2019 - 2031

6.1. North America Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Forklift
  - 6.1.1.2. Loader
  - 6.1.1.3. Excavator
    - 6.1.1.3.1. Mini
    - 6.1.1.3.2. Midi
  - 6.1.1.4. AWP
    - 6.1.1.4.1. Telehandler
    - 6.1.1.4.2. Boom
    - 6.1.1.4.3. Scissor
6.2. North America Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Below 5 Ton
  - 6.2.1.2. 6 to 8 Ton
  - 6.2.1.3. 8 to 10 Ton
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.2. U.S. Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.3. Canada Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.3.1.4. Canada Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Compact Electric Construction Equipment Market Outlook, 2019 - 2031

7.1. Europe Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Forklift
  - 7.1.1.2. Loader
  - 7.1.1.3. Excavator
    - 7.1.1.3.1. Mini
    - 7.1.1.3.2. Midi
  - 7.1.1.4. AWP
    - 7.1.1.4.1. Telehandler
    - 7.1.1.4.2. Boom
    - 7.1.1.4.3. Scissor
7.2. Europe Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Below 5 Ton
  - 7.2.1.2. 6 to 8 Ton
  - 7.2.1.3. 8 to 10 Ton
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.2. Germany Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.3. U.K. Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.4. U.K. Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.5. France Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.6. France Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.7. Italy Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.8. Italy Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.9. Turkey Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.10. Turkey Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.11. Russia Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.12. Russia Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.13. Rest of Europe Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.3.1.14. Rest of Europe Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Compact Electric Construction Equipment Market Outlook, 2019 - 2031

8.1. Asia Pacific Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Forklift
  - 8.1.1.2. Loader
  - 8.1.1.3. Excavator
    - 8.1.1.3.1. Mini
    - 8.1.1.3.2. Midi
  - 8.1.1.4. AWP
    - 8.1.1.4.1. Telehandler
    - 8.1.1.4.2. Boom
    - 8.1.1.4.3. Scissor
8.2. Asia Pacific Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Below 5 Ton
  - 8.2.1.2. 6 to 8 Ton
  - 8.2.1.3. 8 to 10 Ton
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.2. China Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.3. Japan Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.4. Japan Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.5. South Korea Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.6. South Korea Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.7. India Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.8. India Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.9. Southeast Asia Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.10. Southeast Asia Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.11. Rest of Asia Pacific Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.3.1.12. Rest of Asia Pacific Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Compact Electric Construction Equipment Market Outlook, 2019 - 2031

9.1. Latin America Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Forklift
  - 9.1.1.2. Loader
  - 9.1.1.3. Excavator
    - 9.1.1.3.1. Mini
    - 9.1.1.3.2. Midi
  - 9.1.1.4. AWP
    - 9.1.1.4.1. Telehandler
    - 9.1.1.4.2. Boom
    - 9.1.1.4.3. Scissor
9.2. Latin America Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Below 5 Ton
  - 9.2.1.2. 6 to 8 Ton
  - 9.2.1.3. 8 to 10 Ton
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.2. Brazil Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.3. Mexico Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.4. Mexico Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.5. Argentina Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.6. Argentina Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.7. Rest of Latin America Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 9.3.1.8. Rest of Latin America Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Compact Electric Construction Equipment Market Outlook, 2019 - 2031

10.1. Middle East & Africa Compact Electric Construction Equipment Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Forklift
  - 10.1.1.2. Loader
  - 10.1.1.3. Excavator
    - 10.1.1.3.1. Mini
    - 10.1.1.3.2. Midi
  - 10.1.1.4. AWP
    - 10.1.1.4.1. Telehandler
    - 10.1.1.4.2. Boom
    - 10.1.1.4.3. Scissor
10.2. Middle East & Africa Compact Electric Construction Equipment Market Outlook, by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Below 5 Ton
  - 10.2.1.2. 6 to 8 Ton
  - 10.2.1.3. 8 to 10 Ton
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Compact Electric Construction Equipment Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.2. GCC Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.3. South Africa Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.4. South Africa Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.5. Egypt Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.6. Egypt Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.7. Nigeria Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.8. Nigeria Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Compact Electric Construction Equipment Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Compact Electric Construction Equipment Market by Ton Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2023
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Caterpillar
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. JCB
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Product Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. HAULOTTE GROUP
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Product Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Wacker Neuson SE
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Product Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. Toyota Motor Corporation
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Product Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. Hyster-Yale Group, Inc.
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Product Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. SANY Group
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Product Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. Volvo CE
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Product Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development
- 11.3.9. Hyundai CE
  - 11.3.9.1. Company Overview
  - 11.3.9.2. Product Portfolio
  - 11.3.9.3. Financial Overview
  - 11.3.9.4. Business Strategies and Development
- 11.3.10. Bobcat
  - 11.3.10.1. Company Overview
  - 11.3.10.2. Product Portfolio
  - 11.3.10.3. Financial Overview
  - 11.3.10.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations