Electric Construction Equipment Market Report 2026

The electric construction equipment market size has grown exponentially in recent years. It will grow from $13.63 billion in 2025 to $16.48 billion in 2026 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to stricter emission regulations in construction, rising fuel cost volatility, early adoption of electric machinery in urban projects, government incentives for low-emission equipment, improvements in battery energy density.

The electric construction equipment market size is expected to see exponential growth in the next few years. It will grow to $34.72 billion in 2030 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to expansion of zero-emission construction mandates, increasing investments in charging infrastructure, rising demand for sustainable construction practices, growth of autonomous construction sites, continued advancements in high-capacity batteries. Major trends in the forecast period include acceleration of battery-electric heavy equipment adoption, increasing deployment of electric excavators and loaders, rising focus on low-noise construction operations, expansion of smart energy management systems, growing use of autonomous electric machinery.

The global increase in construction activities is expected to drive the growth of the electric construction equipment market in the coming years. The construction sector encompasses the industry involved in creating, maintaining, and repairing infrastructure. The expansion of the construction industry boosts the demand for electric construction equipment, which is essential for tasks such as site rehabilitation, assembly, and precise measurements (rangefinder functions) during plumbing installations and other construction activities. For example, in June 2024, TST Europe AG, a Switzerland-based non-governmental organization, reported that total construction spending in the U.S. reached $1.98 trillion in 2023, reflecting a 7.4% increase from the previous year, with approximately 745,000 construction businesses operating in the country. Therefore, the growth of construction industries worldwide is propelling the electric construction equipment market.

Key companies in the electric construction equipment market are focusing on developing advanced battery-powered machinery to enhance energy efficiency, reduce carbon emissions, and support sustainable construction operations. These next-generation machines are designed to deliver high performance while minimizing noise and fuel consumption, making them suitable for urban construction sites and environmentally regulated zones. For instance, in May 2025, LiuGong, a China-based construction equipment manufacturer, launched five new electric construction machines, including electric excavators and wheel loaders, designed for zero-emission operation with fast-charging lithium-ion battery systems. The new models feature intelligent power management, extended runtime, and lower total cost of ownership, enabling contractors to adopt greener equipment without compromising productivity.

In July 2024, Komatsu Ltd., a Japan-based construction and mining equipment manufacturer, completed the acquisition of GHH Group for an undisclosed amount. Through this acquisition, Komatsu aims to strengthen its position in the underground mining equipment segment, expand its product offerings for loaders, dump trucks, and drilling equipment, enhance its global customer service network, and accelerate growth in hard-rock mining markets. GHH Group, based in Germany, specializes in underground mining and tunneling equipment, including loaders, dump trucks, and utility vehicles.

Major companies operating in the electric construction equipment market are Deere & Company, Caterpillar Inc., Komatsu Ltd., CNH Industrial N.V., Yanmar Construction Equipment Co. Ltd., Kubota Corporation, Liebherr-International AG, Hitachi Construction Machinery Co., Ltd., Bobcat Company, Zoomlion Heavy Industry Science and Technology Co., Ltd., SANY Heavy Industry Co., Ltd., J C Bamford Excavators Ltd, Terex Corporation, Hyundai Construction Equipment Co., Ltd., Manitou Group, Wacker Neuson SE, Volvo Construction Equipment AB, Doosan Infracore Co., Ltd., Sunward Intelligent Equipment Co., Ltd.

Europe was the largest region in the electric construction equipment market share in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electric construction equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric construction equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric construction equipment market consists of sales of mining trucks and forklifts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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