Compact Electric Construction Equipment Market
Compact Electric Construction Equipment Market Study by Forklifts, Loaders, Excavators, and AWPs from 2024 to 2034
Analysis of Compact Electric Construction Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Compact Electric Construction Equipment Market Outlook (2024 to 2034)
The global compact electric construction equipment market size is set to reach a valuation of US$ 62.12 billion in 2024 and further expand at a CAGR of 13.2% to end up at US$ 214.63 billion by the year 2034.
Compact electric construction equipment refers to a category of construction machinery and tools that are designed to be compact in size and powered by electric motors. These machines are commonly used in construction and related industries, offering a more environmentally friendly and energy-efficient alternative to traditional gasoline or diesel-powered equipment.
Some of the types of compact electric construction equipment include mini or compact excavators, skid steer loaders, compact loaders, backhoes, cranes, concrete mixers, forklifts, scissor lifts, and various other construction tools and machinery. The compact size of these electric machines makes them suitable for tasks in confined spaces or urban environments where maneuverability is crucial.
- The East Asian compact electric construction equipment market size is projected to reach US$ 74.69 million by 2034.
East Asia is increasingly focusing on environmental sustainability and reducing air pollution. The shift towards electric construction equipment aligns with these environmental goals, as these machines produce fewer emissions and have a smaller carbon footprint compared to their traditional counterparts.
Governments in East Asia are implementing policies and providing incentives to promote the adoption of clean and sustainable technologies, including electric vehicles and equipment. These policies encourage construction companies to invest in compact electric construction equipment by offering tax benefits, subsidies, or other financial incentives.
- North America is estimated to hold 29.8% of the global compact electric construction equipment market share in 2024.
In urban areas with strict noise regulations, compact electric construction equipment is preferred due to its quieter operation compared to traditional gasoline or diesel-powered machinery.
This is particularly relevant in North American cities where construction activities often occur near residential areas. Also, certain construction firms and contractors choose to utilize rental services for accessing electric machinery tailored to specific projects. This move is set to boost the construction equipment rental market growth.
| Report Attributes | Details |
|---|---|
| Compact Electric Construction Equipment Market Size (2024E) | US$ 62.12 Billion |
| Forecasted Market Value (2034F) | US$ 214.63 Billion |
| Global Market Growth Rate (2024 to 2034) | 13.2% CAGR |
| Canada Market Value (2034F) | US$ 16.74 Billion |
| South Korea Market Value (2024E) | US$ 4 Billion |
| Loader Demand Growth (2024 to 2034) | 13.4% CAGR |
| Key Companies Profiled | J.C. Bamford Excavators Limited; Caterpillar; Deere & Company; Hyster-Yale Group, Inc.; SANY Group; Volvo CE; Hyundai Construction Equipment Co. Ltd.; Toyota Motor Corporation; Hyundai CE; Bobcat; Hitachi Construction Machinery Co. Ltd.; Groupe Mecalac S.A.S.; Wacker Neuson SE |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Is Compact Electric Construction Equipment Production a Profitable Business?
“Increasing Need for Cleaner Construction Practices Driving Sales of Compact Electric Construction Machines”
Widespread electrification of machinery is a prominent and transformative compact electric construction equipment market trend.
This shift signifies a strategic move by manufacturers towards developing construction equipment that is powered by electric motors. The main reason behind this trend is multifaceted, with environmental considerations and the need for cleaner construction practices standing out as primary drivers.
Manufacturers operating in the construction equipment sector are actively responding to the growing global emphasis on environmental sustainability. Respective governments around the world are imposing stringent regulations to curb emissions and promote greener alternatives across industries.
In this context, the compact electric construction equipment serves as a key solution to align with these regulations. By transitioning from traditional fuel-powered machinery to compact electric variants, manufacturers are significantly reducing the environmental impact associated with construction activities.
“Advancements in Battery Technology to Drive Up Performance of Compact Electric Construction Equipment”
Continuous advancements in battery technology and electric motor efficiency are at the forefront of driving innovation in the field of compact electric construction equipment. One of the primary areas of focus for manufacturers in this sector is the enhancement of battery life. The goal is to extend the operational duration of compact electric equipment on a single charge, addressing concerns related to productivity and efficiency on construction sites.
Advancements in charging infrastructure and technologies contribute to making electric construction equipment more practical and attractive to construction companies and contractors.
Which Challenges are Affecting the Stance of Key Market Leaders?
“High Investment Need Limiting Widespread Adoption of Compact Electric Construction Equipment”
Higher upfront cost of compact electric construction equipment compared to traditional counterparts constitutes a notable challenge, particularly for smaller construction businesses operating with budget constraints. Even though the long-term benefits of electric equipment, such as reduced operational and maintenance costs, are recognized, the initial investment required is acting as a significant barrier. The advanced technologies, including high-capacity batteries and sophisticated electric motors, further elevate the cost of these machines.
Smaller construction businesses operating on tight financial margins find it challenging to allocate the necessary capital for the purchase of compact electric equipment, despite its potential advantages in terms of sustainability and long-term savings.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
What Tactics are New Compact Electric Construction Equipment Manufacturers Resorting To?
“Focus on Strategic Partnerships and Technological Innovations”
New companies should focus on developing innovative features and technologies to differentiate their products. This may include advancements in battery technology, integration of smart features, and improvements in overall machine efficiency. By offering cutting-edge solutions, new companies can attract customers looking for state-of-the-art compact electric construction equipment.
Forming strategic partnerships with other companies, especially those specializing in complementary technologies or services, can be a lucrative strategy. Collaborations enhance the overall value proposition and performance of the compact electric construction equipment.
Country-wise Analysis
Fact.MR, a market research and competitive intelligence provider estimates that the factors driving the compact electric construction equipment market growth vary across the United States, Germany, and Japan. Common themes include strict environmental regulations, supportive government incentives, technological advancements, and a strong commitment to sustainability.
Why is the United States an Attractive Market for Compact Electric Construction Equipment Makers?
“Substantial Urban Construction and Infrastructure Development Initiatives”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 10.45 Billion |
| Growth Rate (2024 to 2034) | 13.6% CAGR |
| Projected Value (2034F) | US$ 37.34 Billion |
Emphasis on infrastructure development projects in the United States is creating an increasing demand for compact electric equipment. The versatility of these machines, coupled with their environmentally friendly features, makes them appealing for various construction applications.
How is the Market for Compact Electric Construction Equipment Faring in Germany?
“Green Building Initiatives Increasing Use of Low-Emission Construction Equipment”
Germany's strong commitment to sustainability and green building practices is driving the demand for compact electric construction equipment. Construction projects adhering to environmental standards and seeking LEED (Leadership in Energy and Environmental Design) certification often prefer electric machinery for reduced emissions.
The German government provides supportive incentives and subsidies for businesses adopting eco-friendly technologies. Subsidies for electric vehicles and equipment are contributing to the financial feasibility of investing in compact electric construction machinery.
Would Japan Be an Investment-Worthy Market?
“Battery-Powered Construction Tools Crucial Urban Construction Activities”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 6.06 Billion |
| Growth Rate (2024 to 2034) | 13.8% CAGR |
| Projected Value (2034F) | US$ 22.03 Billion |
Japan is a leader in technology adoption, and the construction industry seeks cutting-edge solutions. Continuous advancements in battery technology and electric motor efficiency are making compact electric construction equipment an attractive choice for Japanese businesses.
Given Japan's compact urban spaces, construction projects often require equipment that can maneuver efficiently in confined areas. The compact size and agility of electric construction machinery make it well-suited for Japanese construction applications.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Analysis
Rising sales of compact electric forklifts can be attributed to their environmental sustainability, long-term cost savings, energy efficiency, reduced noise levels, and versatility for indoor and outdoor use.
What’s Driving Widespread Popularity of Compact Electric Forklifts?
“Reduced Environmental Effect and Versatile Indoor and Outdoor Use of Compact Electric Forklifts”
| Attribute | Forklifts |
|---|---|
| Segment Value (2024E) | US$ 39.94 Billion |
| Growth Rate (2024 to 2034) | 13.2% CAGR |
| Projected Value (2034F) | US$ 137.57 Billion |
One of the primary factors driving sales of forklifts is the increasing emphasis on environmental sustainability. Electric forklifts produce zero emissions during operation, contributing to a cleaner and greener working environment. As businesses focus on reducing their carbon footprint and complying with environmental regulations, electric forklifts become an attractive choice.
Forklifts especially electric are suitable for both indoor and outdoor applications. Their zero-emission operation makes them well-suited for indoor use, where ventilation is limited. Additionally, advancements in battery technology are extending the runtime and performance of electric forklifts, making them viable for outdoor tasks as well.
Demand for below 5 tons load carrying capacity compact electric construction equipment is increasing due to their versatility, suitability for urban environments, reduced environmental impact, and cost-effectiveness for smaller businesses. These factors are collectively contributing to the growing popularity and adoption of below 5 tons compact electric construction equipment.
Why is Below 5 Tons Compact Electric Construction Equipment Popular?
“Below 5 Tons Compact Electric Construction Equipment Vital in Urban and Space Constraint Construction Projects”
| Attribute | Below 5 Tons |
|---|---|
| Segment Value (2024E) | US$ 26.40 Billion |
| Growth Rate (2024 to 2034) | 13% CAGR |
| Projected Value (2034F) | US$ 89.93 Billion |
Below 5 tons compact electric construction equipment, including mini excavators, skid steers, and compact loaders, are highly versatile. Their compact size and maneuverability make them suitable for a wide range of construction projects, especially in urban areas with limited space or confined job sites.
As urbanization continues to increase, construction projects occur in densely populated areas with limited space. Compact electric construction equipment with a load carrying capacity of below 5 tons is well-suited for these environments, allowing contractors to efficiently navigate and operate in tight spaces where larger machinery might be impractical.
Competitive Landscape
Constant innovation and the development of new and improved products are helping key players in the compact electric construction equipment market to stay ahead of the competition. By introducing cutting-edge solutions, companies can meet evolving customer needs, differentiate themselves, and command premium pricing.
- At CES® 2022, the renowned global technology event hosted in Las Vegas, Doosan Bobcat revealed its latest innovation the all-electric Bobcat T7X compact track loader.
Key Segments of Compact Electric Construction Equipment Market Research
-
By Product Type :
- Forklifts
- Loaders
- Excavators
- AWPs
-
By Load Carrying Capacity :
- Below 5 Tons
- 6 to 8 Tons
- 8 to 10 Tons
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Product Type
- 9.1. Forklifts
- 9.2. Loaders
- 9.3. Excavators
- 9.4. AWPs
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Load Carrying Capacity
- 10.1. Below 5 Tons
- 10.2. 6 to 8 Tons
- 10.3. 8 to 10 Tons
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 12. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. J.C. Bamford Excavators Limited
- 21.2. Caterpillar
- 21.3. Deere & Company
- 21.4. Hyster-Yale Group, Inc.
- 21.5. SANY Group
- 21.6. Volvo CE
- 21.7. Hyundai Construction Equipment Co. Ltd.
- 21.8. Toyota Motor Corporation
- 21.9. Hyundai CE
- 21.10. Bobcat
- 21.11. Hitachi Construction Machinery Co. Ltd.
- 21.12. Groupe Mecalac S.A.S.
- 21.13. Wacker Neuson SE
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Load Carrying Capacity
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Product Type, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Load Carrying Capacity, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Load Carrying Capacity, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Product Type, 2024 (E)
Figure 18: North America Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Product Type, 2024 (E)
Figure 26: Latin America Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Product Type, 2024 (E)
Figure 34: Europe Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Product Type, 2024 (E)
Figure 42: South Asia Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Product Type, 2024 (E)
Figure 50: East Asia Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Product Type, 2024 (E)
Figure 58: Oceania Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Load Carrying Capacity, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Product Type, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Product Type, 2024 (E)
Figure 78: Canada Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Product Type, 2024 (E)
Figure 81: Mexico Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Product Type, 2024 (E)
Figure 84: Brazil Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Product Type, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Product Type, 2024 (E)
Figure 90: Germany Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Product Type, 2024 (E)
Figure 93: France Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Product Type, 2024 (E)
Figure 96: Italy Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Product Type, 2024 (E)
Figure 99: Spain Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Product Type, 2024 (E)
Figure 102: Russia Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Product Type, 2024 (E)
Figure 105: China Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Product Type, 2024 (E)
Figure 108: Japan Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Product Type, 2024 (E)
Figure 111: South Korea Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Product Type, 2024 (E)
Figure 114: India Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Product Type, 2024 (E)
Figure 117: ASEAN Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Product Type, 2024 (E)
Figure 120: Australia Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Product Type, 2024 (E)
Figure 123: New Zealand Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Product Type, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Product Type, 2024 (E)
Figure 129: Turkey Market Value Share, By Load Carrying Capacity, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Product Type, 2024 (E)
Figure 132: South Africa Market Value Share, By Load Carrying Capacity, 2024 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market value for compact electric construction equipment in 2024?
The global compact electric construction equipment market is valued at US$ 62.12 billion in 2024.
What are the forecasted sales for compact electric construction equipment for 2034?
Sales of compact electric construction equipment are projected to reach US$ 214.63 billion by 2034.
What is the projected growth rate for the market for the decade?
Demand for compact electric construction equipment is projected to increase at a CAGR of 13.2% from 2024 to 2034.
How big is the CAGR of the South Korean market?
Sales of compact electric construction equipment in South Korea are forecasted to rise at a CAGR of 14.6% through 2034.
Which type of compact electric construction equipment is widely used?
Forklift sales for projected to reach US$ 137.57 billion by 2034.
Who are the industry leaders in this market space?
Some of the top manufacturers include Caterpillar, Deere & Company, and J.C. Bamford Excavators Limited.
Compact Electric Construction Equipment Market