電動建設機械市場 – 2032年までの世界予測

Electric Construction Equipment Market - Global Forecast to 2032

電動建設機械市場 - タイプ(掘削機、ローダー、グレーダー、ダンプトラック、LHD、自走式噴霧器、トラクター)、推進力(電気、ハイブリッド、水素)、バッテリー容量と化学組成、出力、地域別 - 2032年までの世界予測
Electric Construction Equipment Market by Type (Excavator, Loader, Grader, Dump Truck, LHD, Self-propelled Sprayer, Tractor), Propulsion (Electric, Hybrid, Hydrogen), Battery Capacity & Chemistry, Power Output, and Region - Global Forecast to 2032

商品番号 : SMB-21372

出版社MarketsandMarkets
出版年月2025年7月
ページ数383
図表数458
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

この調査では、電動建設機械市場を、タイプ(電動掘削機、電動モーターグレーダー、電動ドーザー、電動ローダー、電動ダンプトラック、電動ロードホールダンプローダー)、バッテリー容量(<50 kWh、50~200 kWh、200~500 kWh、>500 kWh)、バッテリーの化学組成(リン酸鉄リチウム、リチウムニッケルマンガンコバルト酸化物など)、出力(<50 hp、50~150 hp、150~300 hp、>300 hp)、用途(建設、鉱業、農業、園芸)、推進力(バッテリー電気、ハイブリッド電気、水素)、タイプ別の電動農業機械市場(電動芝刈り機、電動自走式噴霧器、電動トラクター)、推進力別の電動トラクター市場(バッテリー電気、ハイブリッド電気、水素)、バッテリー容量別の電動トラクター市場(<50電気トラクター市場を、バッテリーの種類(リン酸鉄リチウム、ニッケルマンガンコバルト酸リチウムなど)、地域(アジア太平洋、ヨーロッパ、南北アメリカ)別に分析しています。また、主要な電動建設機械メーカーの詳細な競合分析、企業概要、製品および事業内容に関する主要な考察、最近の動向、主要な市場戦略も掲載しています。

The electric construction equipment market is projected to reach USD 6.07 billion by 2032, from USD 2.45 billion in 2025, with a CAGR of 13.8%. The electrification trend in the construction and mining industries is driven by concerns over urban air quality and new noise reduction mandates. Recently, key players in the market have new opportunities to promote their electric excavators and related products due to increased infrastructure demand in various countries, particularly as a result of the ongoing conflicts in the Middle East and Europe. Additionally, city-level emissions regulations are compelling OEMs to develop advanced battery-electric models, while hybrid solutions and autonomous technologies are gaining popularity for applications that require high energy density or extended operating cycles.

電動建設機械市場は、2025年の24億5,000万米ドルから2032年には60億7,000万米ドルに達し、年平均成長率(CAGR)13.8%で成長すると予測されています。建設・鉱業業界における電動化のトレンドは、都市の大気質への懸念と新たな騒音低減規制によって推進されています。近年、特に中東および欧州における紛争の継続を背景に、各国でインフラ需要が高まっていることから、市場の主要プレーヤーは電動掘削機および関連製品の販売促進に新たな機会を得ています。さらに、都市レベルの排出ガス規制により、OEM各社は高度なバッテリー電動モデルの開発を迫られている一方、高エネルギー密度や長時間の動作サイクルを必要とする用途では、ハイブリッドソリューションや自律技術の人気が高まっています。

電動建設機械市場 - 2032年までの世界予測
electric-construction-equipment-market – chosareport

Electric machinery performs exceptionally well in urban environments and fossil-free construction zones, offering benefits such as zero emissions, reduced noise levels, and improved operational efficiency. Furthermore, their capability to integrate with digital monitoring systems and smart data analytics enhances their attractiveness. As a result, there is a noticeable shift toward battery-electric, hybrid, and even hydrogen fuel cell powertrains, which significantly impact various off-highway vehicle (OHV) sectors, including construction, mining, and agriculture.

Tractors with >100 kWh battery capacity exhibit the fastest growth in Europe.

Electric tractors with battery capacities exceeding 100 kWh are experiencing rapidly increasing demand in Europe, which is seeing the strongest growth for large-capacity battery packs. This surge is driven by the need for longer operational autonomy, higher torque output, and the ability to power advanced implements in demanding agricultural environments. For instance, the Fendt e100 Vario, launched in 2024, features a 100-kWh battery that provides farmers with extended field hours and robust performance, making it especially valuable for large-scale farms and specialized operations. Major European manufacturers, including AGCO Corporation and Deere & Company, are leading the charge by developing and commercializing electric tractors equipped with advanced battery management systems and capacities that meet or exceed 100 kWh for high-end applications. This trend is strongly supported by stringent EU and national regulations, such as the Common Agricultural Policy (CAP), which offers grants of up to USD 45,000 for adopting electric farm equipment starting in March 2025.

Additionally, the broader push toward sustainable farming practices under Europe’s Green Deal bolsters this movement. Europe is at the forefront of the market for large-capacity electric tractors due to supportive government policies, strong demand from progressive farmers, and a commitment from major manufacturers to innovate and promote sustainability. However, despite these advantages, significant challenges remain for widespread adoption. These include high upfront costs, longer charging times, limited charging infrastructure in rural areas, and concerns about battery degradation under continuous high-load use.

The battery electric segment secures the leading market position.

The battery electric segment holds the largest market share in electric construction equipment due to its operational simplicity, lower maintenance requirements, and immediate emissions reduction when compared to hybrid or fuel cell alternatives. This makes it the preferred choice for both manufacturers and end users. In the Americas, the shift toward electrification is driven by strict environmental regulations, government incentives, and the introduction of new models such as Case Construction’s 12EV wheel loader and 580EV backhoe, Volvo CE’s electric loader, and Bobcat’s electric compact track loader. These developments reflect a significant market shift toward sustainable machinery. Europe leads in market share, fueled by ambitious decarbonization targets, strong regulatory frameworks, and a high demand for low-noise, zero-emission equipment.

Meanwhile, the Asia Pacific region is experiencing the fastest growth, driven by rapid urbanization, infrastructure development, and government policies in countries like China, India, and Japan. These policies mandate pollution control and support the local manufacturing of electric equipment. Governing bodies across these regions actively promote battery electric vehicles (BEVs) for construction and mining through financial incentives, tax breaks, and direct subsidies. These measures make electric machinery more economically attractive and help offset higher upfront costs. Key players in the market, including Caterpillar, Volvo Construction Equipment, Komatsu, Hitachi, JCB, and Bobcat, have launched new electric excavators, loaders, and trucks, expanding their product portfolios to meet the rising demand for electric construction equipment.

The Americas is the second fastest-growing market for electric construction equipment.

The trend of electric construction equipment in the Americas is rapidly growing, driven by a mix of environmental regulations, government incentives, and increasing demand for sustainable building practices. In the United States, the electric construction equipment market is expanding, with excavators leading sales and accounting for around 60% of the market share by 2025. This growth is attributed to excavators’ versatility, high utilization rates on job sites, and their suitability for urban and indoor environments where minimizing noise and emissions is essential. A significant factor contributing to this trend is the prevalence of Li-NMC (Lithium Nickel Manganese Cobalt) batteries, which will make up more than 45% of the market share in 2025. These batteries offer superior energy density, longer cycle life, and faster charging capabilities, making them ideal for demanding construction and mining environments where uptime and performance are critical.

電動建設機械市場 - 2032年までの世界予測 region
electric-construction-equipment-market-region

Key players in the Americas include Bobcat, Caterpillar, Volvo Construction Equipment, Komatsu, John Deere, and CASE Construction Equipment. These companies have introduced new electric models and expanded their electrification strategies in recent years. Recent regulatory changes, such as stricter emissions standards in California and new noise level ordinances in major cities, have accelerated the shift toward electrification. For example, the push for zero-emission construction sites in Los Angeles and New York City, along with federal and state incentives for purchasing green equipment, has encouraged manufacturers to invest in electric technology.

Additionally, states and municipalities often implement further ordinances, such as restrictions on noise levels near sensitive areas like schools, hospitals, and courts. In Toronto, Ontario, construction noise is restricted from 7 PM to 7 AM, while in New York City, after-hours construction requires special authorization. To support the move toward electrification, governments and agencies offer incentives such as tax credits or grants for purchasing quieter electric equipment. However, these policies vary by state and locality, with some regions providing more robust support than others.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.

  • By Company Type: Electric Construction Equipment OEM – 100%
  • By Designation: C Level – 30%, Directors- 20%, and Others – 50%
  • By Region: Asia Pacific – 50%, Americas – 30%, and Europe –20%

The key players in the electric construction equipment market are Hitachi Construction Machinery (Japan), Caterpillar Inc. (US), Komatsu Ltd. (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), and JCB (UK).  Major companies’ key strategies to maintain their position in the global electric construction equipment market are strong global networking, mergers and acquisitions, partnerships, and technological advancement.

電動建設機械市場 - 2032年までの世界予測 ecosystem
electric-construction-equipment-market-ecosystem

Research Coverage

The study segments and forecasts the size of the electric construction equipment market based on type (electric excavators, electric motor graders, electric dozers, electric loaders, electric dump trucks, and electric load-haul-dump loaders), battery capacity (<50 kWh, 50–200 kWh, 200–500 kWh, and >500 kWh), battery chemistry (lithium iron phosphate, lithium nickel manganese cobalt oxide, and others), power output (<50 hp, 50–150 hp, 150–300 hp, and >300 hp), application (construction, mining, agriculture, and gardening), propulsion (battery electric, hybrid electric, and hydrogen), electric agriculture equipment market by type (electric lawnmowers, electric self-propelled sprayers, and electric tractors), electric tractor market by propulsion (battery electric, hybrid electric, and hydrogen), electric tractor market by battery capacity (<50 KWh, 50–100 KWh, and >100 KWh), electric tractor market by battery chemistry (lithium iron phosphate, lithium nickel manganese cobalt oxide, and others), and region (Asia Pacific, Europe, and Americas). It also includes an in-depth competitive analysis of the major electric construction equipment manufacturers, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying this Report:

The report will assist market leaders and new entrants by providing estimates of revenue for the overall electric construction equipment market and its sub-segments. This report will help stakeholders understand the competitive landscape and gain valuable insights to better position their businesses and develop effective go-to-market strategies. Additionally, it helps stakeholders stay informed about the market’s current trends and offers information on key market drivers, restraints, challenges, and opportunities.

This report provides insights into the following pointers:

  • Analysis of key drivers (strict vehicular emission regulations, high ventilation costs in underground mining, rising demand for low-noise construction in residential areas), restraints (higher initial costs than conventional ICE equipment, loss of productivity due to prolonged charging times, complex charging infrastructure for electric construction machinery), opportunities (development of long-range and fast-charging battery technology, increased manufacturing and testing of hybrid electric vehicles, emergence of hydrogen-powered construction equipment), and challenges (limited compatibility, interchangeability, and standardization of electric construction equipment for long-haul applications, complex thermal management of batteries, rapid transition of construction equipment toward alternative power sources) influencing the growth of the electric construction equipment market
  • Product Development/Innovation: In-depth insights on upcoming technologies and new product and service launches in the electric construction equipment market
  • Market Development: Comprehensive market information – the report analyses the authentication and brand protection market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric construction equipment market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the electric construction equipment market, such as Caterpillar Inc. (US), Komatsu Ltd. (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), and JCB (UK)

Table of Contents

1               INTRODUCTION              33

1.1           STUDY OBJECTIVES       33

1.2           MARKET DEFINITION   34

1.3           STUDY SCOPE   35

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      35

1.3.2        INCLUSIONS AND EXCLUSIONS 36

1.3.3        YEARS CONSIDERED      36

1.4           CURRENCY CONSIDERED            36

1.5           UNIT CONSIDERED        37

1.6           STAKEHOLDERS               37

1.7           SUMMARY OF CHANGES               38

2               RESEARCH METHODOLOGY       39

2.1           RESEARCH DATA              39

2.1.1        SECONDARY DATA          40

2.1.1.1    Secondary sources                41

2.1.1.2    Key data from secondary sources       42

2.1.2        PRIMARY DATA 42

2.1.2.1    Sampling techniques and data collection methods          43

2.1.2.2    Primary interview participants           43

2.1.2.3    Breakdown of primary interviews      43

2.2           MARKET SIZE ESTIMATION         44

2.2.1        BOTTOM-UP APPROACH              44

2.2.2        TOP-DOWN APPROACH                45

2.3           DATA TRIANGULATION                47

2.4           RESEARCH ASSUMPTIONS           48

2.5           RESEARCH LIMITATIONS             49

3               EXECUTIVE SUMMARY  50

4               PREMIUM INSIGHTS       53

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN THE ELECTRIC CONSTRUCTION EQUIPMENT MARKET           53

4.2           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE     54

4.3           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION   54

4.4           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY   55

4.5           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY       55

4.6           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION     56

4.7           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT              56

4.8           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION                57

5               MARKET OVERVIEW       58

5.1           INTRODUCTION              58

5.2           MARKET DYNAMICS       59

5.2.1        DRIVERS               59

5.2.1.1    Strict vehicular emission regulations 59

5.2.1.2    High ventilation costs in underground mining                 60

5.2.1.3    Surge in demand for low-noise construction in residential areas                 61

5.2.1.4    Incentives on electric tractors and finance credits          62

5.2.2        RESTRAINTS      64

5.2.2.1    Higher initial cost than conventional ICE equipment    64

5.2.2.2    Loss of productivity due to prolonged charging time     65

5.2.2.3    Complex charging infrastructure for electric construction machinery              65

5.2.3        OPPORTUNITIES              66

5.2.3.1    Development of long-range and fast-charging battery technology                 66

5.2.3.2    Increased manufacturing and testing of hybrid electric vehicles                 66

5.2.3.3    Emergence of hydrogen-powered construction equipment                 67

5.2.4        CHALLENGES    67

5.2.4.1    Limited compatibility, interchangeability, and standardization for long-haul applications   67

5.2.4.2    Complex thermal management of batteries      68

5.2.4.3    Rapid transition of construction equipment toward alternative power sources       69

5.3           TRADE ANALYSIS             69

5.3.1        IMPORT SCENARIO (HS CODE 842710)    69

5.3.2        EXPORT SCENARIO (HS CODE 842710)    71

5.4           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            73

5.5           PATENT ANALYSIS          74

5.6           SUPPLY CHAIN ANALYSIS             78

5.7           ECOSYSTEM ANALYSIS  79

5.8           PRICING ANALYSIS          81

5.8.1        BY TYPE               81

5.8.2        BY APPLICATION             82

5.9           TECHNOLOGY ANALYSIS             82

5.9.1        KEY TECHNOLOGIES     82

5.9.1.1    Autonomous construction equipment               82

5.9.1.2    Remote monitoring and predictive maintenance             83

5.9.2        COMPLEMENTARY TECHNOLOGIES       83

5.9.2.1    Grade control systems         83

5.9.2.2    Regenerative braking           83

5.9.2.3    Hydrogen fuel cells               84

5.9.2.4    Augmented reality                84

5.9.3        ADJACENT TECHNOLOGIES       85

5.9.3.1    Agricultural equipment automation  85

5.9.3.2    Advanced telematics             85

5.10         REGULATORY LANDSCAPE         86

5.10.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             86

5.10.2      QUALITY STANDARDS  89

5.11         KEY CONFERENCES AND EVENTS, 2025–2026        90

5.12         CASE STUDY ANALYSIS 91

5.12.1      CATERPILLAR’S ELECTRIC MINI EXCAVATOR     91

5.12.2      HITACHI’S ZE85 ELECTRIC EXCAVATOR                92

5.12.3      KOMATSU’S ELECTRIC MINI EXCAVATORS          92

5.12.4      VOLVO CE’S MID-SIZE ELECTRIC WHEEL LOADERS                 93

5.12.5      JCB’S ELECTRIC TELEHANDLERS              94

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     95

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           95

5.13.2      BUYING CRITERIA           95

5.14         TOTAL COST OF OWNERSHIP OF ELECTRIC CONSTRUCTION EQUIPMENT   97

5.15         TOTAL COST OF OWNERSHIP OF ELECTRIC TRACTORS                 98

5.16         TOTAL COST OF OWNERSHIP OF LOADERS        99

5.17         FUTURE DEVELOPMENTS IN BATTERY TECHNOLOGY                 100

5.17.1      SOLID-STATE BATTERIES            100

5.17.2      LITHIUM-ION BATTERIES            101

5.17.3      SODIUM-ION BATTERIES             101

5.17.4      SWAPPABLE BATTERY TECHNOLOGY    101

5.18         OEM ANALYSIS 102

5.18.1      BATTERY CAPACITY OF ELECTRIC COMPACT CONSTRUCTION EQUIPMENT OFFERED BY OEMS           102

5.18.2      BATTERY CAPACITY VS. POWER OUTPUT            103

6               ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE     104

6.1           INTRODUCTION              105

6.2           ELECTRIC EXCAVATORS               107

6.2.1        EXTENSIVE USE IN CONSTRUCTION AND MINING DUE TO NOISELESS OPERATIONS      107

6.3           ELECTRIC LOADERS       108

6.3.1        INCREASED INVESTMENTS BY PROMINENT COMPANIES       108

6.4           ELECTRIC MOTOR GRADERS     110

6.4.1        RISING NEED IN US DUE TO STRINGENT EMISSION NORMS 110

6.5           ELECTRIC DOZERS          111

6.5.1        HIGH DEMAND FROM ASIA PACIFIC DUE TO STRONG PRESENCE OF CONSTRUCTION AND MINING COMPANIES                 111

6.6           ELECTRIC DUMP TRUCKS/WIDE-BODIED TRUCKS                 113

6.6.1        SURGE IN MINING ACTIVITIES  113

6.7           ELECTRIC LOAD HAUL DUMP LOADERS               114

6.7.1        FOCUS ON MINIMIZING UNDERGROUND VENTILATION COST     114

6.8           PRIMARY INSIGHTS        116

7               ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY       117

7.1           INTRODUCTION              118

7.2           <50 KWH              119

7.2.1        SUITABLE FOR PACKED CONSTRUCTION SITES AND NARROW MINING APPLICATIONS            119

7.3           50–200 KWH        121

7.3.1        HIGH DEMAND FOR SMALL AND MID-RANGE CONSTRUCTION EQUIPMENT T                121

7.4           200–500 KWH      122

7.4.1        ONGOING DEVELOPMENT OF NEWER MODELS                 122

7.5           >500 KWH            124

7.5.1        UNTAPPED GROWTH POTENTIAL WITH ADVANCES IN BATTERY TECHNOLOGY              124

7.6           BATTERY CAPACITY OF OEM-LEVEL EQUIPMENT                 125

7.7           PRIMARY INSIGHTS        126

8               ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY   127

8.1           INTRODUCTION              128

8.2           LITHIUM IRON PHOSPHATE       130

8.2.1        NEED FOR EFFICIENT ENERGY STORAGE DUE TO RISE IN RENEWABLE ENERGY SOURCES           130

8.3           LITHIUM NICKEL MANGANESE COBALT OXIDE 132

8.3.1        HIGHER CONSUMER ACCEPTANCE IN EUROPE AND AMERICAS           132

8.4           OTHERS                133

8.4.1        SODIUM-ION BATTERIES             133

8.4.2        SOLID-STATE BATTERIES            134

8.5           COST ANALYSIS                135

8.6           DEVELOPMENTS IN BATTERY CHEMISTRY          136

8.7           PRIMARY INSIGHTS        136

9               ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT              137

9.1           INTRODUCTION              138

9.2           <50 HP  139

9.2.1        LARGE-SCALE ADOPTION IN LIGHT CONSTRUCTION APPLICATIONS 139

9.3           50–150 HP             141

9.3.1        INCREASED PRODUCT DEVELOPMENT ACTIVITIES                 141

9.4           150–300 HP           142

9.4.1        EXPANDING DEVELOPMENTS IN BATTERIES AND CONSTRUCTION EQUIPMENT PRODUCTS           142

9.5           >300 HP                144

9.5.1        LIMITED COMMERCIALIZATION DUE TO HIGH BATTERY COSTS               144

9.6           PRIMARY INSIGHTS        145

10            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION     146

10.1         INTRODUCTION              147

10.2         BATTERY ELECTRIC       149

10.2.1      EMPHASIS ON ENVIRONMENTAL SUSTAINABILITY                 149

10.3         HYBRID ELECTRIC           150

10.3.1      LIMITATIONS ASSOCIATED WITH 100% ELECTRIFICATION          150

10.4         HYDROGEN        152

10.4.1      GROWING ADOPTION OF ENVIRONMENTALLY CONSCIOUS PRACTICES                152

10.5         PRIMARY INSIGHTS        153

11            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION   154

11.1         INTRODUCTION              155

11.2         CONSTRUCTION              156

11.2.1      COMPLIANCE WITH STRINGENT EMISSION AND NOISE REGULATIONS  156

11.3         MINING                158

11.3.1      EMERGING TREND OF ELECTRIFICATION            158

11.4         GARDENING      159

11.4.1      HIGHER RATE OF ELECTRIFICATION THAN OTHER EQUIPMENT      159

11.5         AGRICULTURE  161

11.5.1      ELEVATED DEMAND FOR FOOD PRODUCTION 161

11.6         PRIMARY INSIGHTS        162

12            ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY TYPE     163

12.1         INTRODUCTION              164

12.2         OPERATIONAL DATA     166

12.3         ELECTRIC LAWNMOWERS           166

12.3.1      HIGH FUEL COSTS AND WORKFORCE SHORTAGES                 166

12.4         ELECTRIC SELF-PROPELLED SPRAYERS 167

12.4.1      PREVENTION OF CROP WITHERING       167

12.5         ELECTRIC TRACTORS    168

12.5.1      GOVERNMENT INITIATIVES FOR BOOSTING FOOD PRODUCTIVITY                168

12.6         PRIMARY INSIGHTS        170

13            ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY                 171

13.1         INTRODUCTION              172

13.2         <50 KWH              174

13.2.1      INCREASED PREFERENCE DUE TO ACCESSIBILITY AND LOW COST          174

13.3         50–100 KWH        175

13.3.1      LONG-TERM SAVINGS THROUGH REDUCED FUEL AND MAINTENANCE COSTS  175

13.4         >100 KWH            177

13.4.1      RIGOROUS DEVELOPMENT OF HIGH-POWERED ELECTRIC TRACTORS

BY OEMS              177

13.5         ELECTRIC TRACTOR MODELS AND BATTERY CAPACITIES       178

13.6         PRIMARY INSIGHTS        179

14            ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY                 180

14.1         INTRODUCTION              181

14.2         LITHIUM IRON PHOSPHATE       183

14.2.1      INCREASED INVESTMENTS BY AGRICULTURAL MACHINERY MANUFACTURERS                 183

14.3         LITHIUM NICKEL MANGANESE COBALT OXIDE 185

14.3.1      HIGHER DENSITY AND FASTER CHARGING CAPABILITIES THAN OTHER CHEMISTRIES         185

14.4         OTHERS                187

14.4.1      SODIUM-ION BATTERIES             187

14.4.2      SOLID-STATE BATTERIES            188

14.5         PRIMARY INSIGHTS        189

15            ELECTRIC TRACTOR MARKET, BY PROPULSION                 190

15.1         INTRODUCTION              191

15.2         BATTERY ELECTRIC       192

15.2.1      DECLINING COST OF LITHIUM-ION BATTERIES                 192

15.3         HYBRID ELECTRIC           195

15.3.1      HIGHER POWER OUTPUT THAN BATTERY ELECTRIC TRACTORS          195

15.4         HYDROGEN        197

15.4.1      ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE          197

15.5         PRIMARY INSIGHTS        198

16            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION                199

16.1         INTRODUCTION              200

16.2         ASIA PACIFIC     202

16.2.1      MACROECONOMIC OUTLOOK  204

16.2.2      CHINA  207

16.2.2.1  National emission standards for mining automation to drive market    207

16.2.3      INDIA    210

16.2.3.1  Growing demand for eco-friendly, cost-effective electric construction equipment to drive market           210

16.2.4      JAPAN   212

16.2.4.1  Increasing investments in electric construction excavators and other equipment to drive market       212

16.2.5      SOUTH KOREA  214

16.2.5.1  Ongoing electrification of loaders for mining to drive market                 214

16.2.6      REST OF ASIA PACIFIC   217

16.3         EUROPE               219

16.3.1      MACROECONOMIC OUTLOOK  222

16.3.2      GERMANY           226

16.3.2.1  Stringent government norms to drive market  226

16.3.3      UK          228

16.3.3.1  Rising demand for electric construction excavators to drive market    228

16.3.4      FRANCE                231

16.3.4.1  Implementation of National Low-Carbon Strategy to drive market    231

16.3.5      SPAIN    233

16.3.5.1  Emphasis on reducing carbon emissions from construction machinery to drive market  233

16.3.6      RUSSIA 236

16.3.6.1  Electric construction equipment expected to drive market                 236

16.3.7      ITALY    238

16.3.7.1  Electrification of construction and mining sectors to drive market                 238

16.3.8      REST OF EUROPE             241

16.4         AMERICAS           243

16.4.1      MACROECONOMIC OUTLOOK  246

16.4.2      US           249

16.4.2.1  Presence of major electric construction equipment providers to drive market          249

16.4.3      CANADA               251

16.4.3.1  Global dominance in electric construction industry to drive market    251

16.4.4      MEXICO                254

16.4.4.1  Ongoing electrification promotion programs to drive market                 254

16.4.5      BRAZIL 256

16.4.5.1  Incorporation of electric excavators in construction frameworks to regularize mining to drive market 256

16.4.6      ARGENTINA       259

16.4.6.1  Commitment to sustainability and emission reductions to drive market    259

16.5         PRIMARY INSIGHTS        261

17            COMPETITIVE LANDSCAPE         262

17.1         OVERVIEW          262

17.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 262

17.3         REVENUE ANALYSIS, 2020–2024  264

17.4         MARKET SHARE ANALYSIS, 2024                 265

17.5         COMPANY VALUATION 266

17.6         FINANCIAL METRICS      266

17.7         BRAND/PRODUCT COMPARISON             267

17.8         COMPANY EVALUATION MATRIX: ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024  268

17.8.1      STARS   268

17.8.2      EMERGING LEADERS     268

17.8.3      PERVASIVE PLAYERS      268

17.8.4      PARTICIPANTS 268

17.8.5      COMPANY FOOTPRINT 270

17.8.5.1  Company footprint               270

17.8.5.2  Region footprint   271

17.8.5.3  Type footprint       272

17.8.5.4  Application footprint            273

17.9         COMPANY EVALUATION MATRIX: ELECTRIC EXCAVATOR MANUFACTURERS, 2025     274

17.9.1      STARS   274

17.9.2      EMERGING LEADERS     274

17.9.3      PERVASIVE PLAYERS      274

17.9.4      PARTICIPANTS 274

17.9.5      COMPANY FOOTPRINT 276

17.9.5.1  Company footprint               276

17.9.5.2  Region footprint   276

17.9.5.3  Propulsion footprint             277

17.9.5.4  Battery chemistry footprint 277

17.10       COMPETITIVE SCENARIO             278

17.10.1   PRODUCT LAUNCHES/DEVELOPMENTS               278

17.10.2   DEALS  280

17.10.3   EXPANSIONS     282

17.10.4   OTHER DEVELOPMENTS              284

18            COMPANY PROFILES      286

18.1         KEY PLAYERS     286

18.1.1      HITACHI CONSTRUCTION MACHINERY CO., LTD.                 286

18.1.1.1  Business overview 286

18.1.1.2  Products offered   287

18.1.1.3  Recent developments           288

18.1.1.3.1                Product launches/developments        288

18.1.1.3.2                Deals      289

18.1.1.3.3                Expansions             291

18.1.1.3.4                Other developments             292

18.1.1.4  MnM view              293

18.1.1.4.1                Key strengths        293

18.1.1.4.2                Strategic choices   293

18.1.1.4.3                Weaknesses and competitive threats 293

18.1.2      CATERPILLAR INC.          294

18.1.2.1  Business overview 294

18.1.2.2  Products offered   295

18.1.2.3  Recent developments           297

18.1.2.3.1                Product launches/developments        297

18.1.2.3.2                Deals      299

18.1.2.3.3                Expansions             300

18.1.2.3.4                Other developments             300

18.1.2.4  MnM view              301

18.1.2.4.1                Key strengths        301

18.1.2.4.2                Strategic choices   301

18.1.2.4.3                Weaknesses and competitive threats 301

18.1.3      KOMATSU LTD.                 302

18.1.3.1  Business overview 302

18.1.3.2  Products offered   303

18.1.3.3  Recent developments           305

18.1.3.3.1                Product launches/developments        305

18.1.3.3.2                Deals      306

18.1.3.4  MnM view              309

18.1.3.4.1                Key strengths        309

18.1.3.4.2                Strategic choices   309

18.1.3.4.3                Weaknesses and competitive threats 309

18.1.4      VOLVO CONSTRUCTION EQUIPMENT  310

18.1.4.1  Business overview 310

18.1.4.2  Products offered   311

18.1.4.3  Recent developments           312

18.1.4.3.1                Product launches/developments        312

18.1.4.3.2                Deals      314

18.1.4.3.3                Other developments             316

18.1.4.4  MnM view              317

18.1.4.4.1                Key strengths        317

18.1.4.4.2                Strategic choices   317

18.1.4.4.3                Weaknesses and competitive threats 318

18.1.5      SANY HEAVY INDUSTRIES CO., LTD.       319

18.1.5.1  Business overview 319

18.1.5.2  Products offered   320

18.1.5.3  Recent developments           321

18.1.5.3.1                Product launches/developments        321

18.1.5.3.2                Other developments             321

18.1.5.4  MnM view              321

18.1.5.4.1                Key strengths        321

18.1.5.4.2                Strategic choices   322

18.1.5.4.3                Weaknesses and competitive threats 322

18.1.6      JCB         323

18.1.6.1  Business overview 323

18.1.6.2  Products offered   323

18.1.6.3  Recent developments           324

18.1.6.3.1                Product launches/developments        324

18.1.6.3.2                Deals      326

18.1.6.3.3                Expansions             326

18.1.6.3.4                Other developments             327

18.1.7      DEERE & COMPANY        328

18.1.7.1  Business overview 328

18.1.7.2  Products offered   329

18.1.7.3  Recent developments           330

18.1.7.3.1                Product launches/developments        330

18.1.7.3.2                Deals      331

18.1.7.3.3                Expansions             332

18.1.7.3.4                Other developments             332

18.1.8      SANDVIK AB       334

18.1.8.1  Business overview 334

18.1.8.2  Products offered   335

18.1.8.3  Recent developments           336

18.1.8.3.1                Product launches/developments        336

18.1.8.3.2                Deals      337

18.1.8.3.3                Expansions             338

18.1.8.3.4                Other developments             339

18.1.9      EPIROC AB          340

18.1.9.1  Business overview 340

18.1.9.2  Products offered   341

18.1.9.3  Recent developments           342

18.1.9.3.1                Product launches/developments        342

18.1.9.3.2                Deals      343

18.1.9.3.3                Other developments             345

18.1.10   LIEBHERR            346

18.1.10.1                 Business overview 346

18.1.10.2                 Products offered   347

18.1.10.3                 Recent developments           348

18.1.10.3.1             Product launches/developments        348

18.1.10.3.2             Deals      350

18.1.10.3.3             Other developments             351

18.1.11   BOBCAT COMPANY        352

18.1.11.1                 Business overview 352

18.1.11.2                 Products offered   353

18.1.11.3                 Recent developments           354

18.1.11.3.1             Product launches/developments        354

18.1.11.3.2             Other developments             354

18.2         OTHER PLAYERS              356

18.2.1      SOLETRAC INC. 356

18.2.2      FENDT 357

18.2.3      HUSQVARNA AB               358

18.2.4      XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD.      359

18.2.5      KUBOTA CORPORATION              360

18.2.6      KOBELCO CONSTRUCTION MACHINERY EUROPE BV                 361

18.2.7      BHARAT EARTH MOVERS LIMITED          362

18.2.8      CNH INDUSTRIAL NV     363

18.2.9      WACKER NEUSON SE      364

18.2.10   TAKEUCHI GLOBAL        365

18.2.11   HD HYUNDAI HEAVY INDUSTRIES CO., LTD.       366

18.2.12   LUIGONG MACHINERY CO., LTD.             367

19            RECOMMENDATIONS FROM MARKETSANDMARKETS                 368

19.1         ASIA PACIFIC TO GROW SWIFTLY IN ELECTRIC CONSTRUCTION EQUIPMENT MARKET                 368

19.2         HYDROGEN-FUELED CONSTRUCTION EQUIPMENT TO CREATE LUCRATIVE OPPORTUNITIES  368

19.3         EMPHASIS ON ELECTRIFICATION OF UNDERGROUND MINING EQUIPMENT     369

19.4         INTEGRATION OF SOLID-STATE BATTERIES IN ELECTRIC TRACTORS    370

19.5         CONCLUSION    370

20            APPENDIX           372

20.1         INSIGHTS FROM INDUSTRY EXPERTS     372

20.2         DISCUSSION GUIDE        373

20.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                377

20.4         CUSTOMIZATION OPTIONS        379

20.4.1      ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION   379

20.4.1.1  Construction          379

20.4.1.2  Mining   379

20.4.1.3  Agriculture             379

20.4.1.4  Gardening              379

20.4.2      ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION     379

20.4.2.1  Electric   379

20.4.2.2  Hybrid    379

20.4.2.3  Hydrogen               379

20.4.3      ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY AND BATTERY CHEMISTRY               379

20.4.3.1  <50 kWh                379

20.4.3.2  50–200 kWh          379

20.4.3.3  200–500 kWh        379

20.4.3.4  >500 kWh              379

20.4.3.5  Lithium Iron Phosphate      379

20.4.3.6  Lithium Nickel Manganese Cobalt Oxide        379

20.4.3.7  Other Battery Chemistries  379

20.4.4      ELECTRIC MINING MACHINERY MARKET, BY BATTERY CAPACITY AND CHEMISTRY       379

20.4.4.1  <50 kWh                379

20.4.4.2  50–200 kWh          379

20.4.4.3  200–500 kWh        379

20.4.4.4  >500 kWh              379

20.4.4.5  Lithium Iron Phosphate      379

20.4.4.6  Lithium Nickel Manganese Cobalt Oxide        380

20.4.4.7  Others    380

20.4.5      ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY BATTERY CAPACITY AND CHEMISTRY   380

20.4.5.1  <50 kWh                380

20.4.5.2  50–200 kWh          380

20.4.5.3  200–500 kWh        380

20.4.5.4  >500 kWh              380

20.4.5.5  Lithium Iron Phosphate      380

20.4.5.6  Lithium Nickel Manganese Cobalt Oxide        380

20.4.5.7  Others    380

20.4.6      ELECTRIC CONSTRUCTION EQUIPMENT MARKET FOR ADDITIONAL COUNTRIES           380

20.4.6.1  Australia 380

20.4.6.2  Scandinavian Countries       380

20.4.7      DETAILED ANALYSIS AND PROFILING OF UP TO FIVE ADDITIONAL MARKET PLAYERS               380

20.5         RELATED REPORTS         381

20.6         AUTHOR DETAILS           382

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES 37

TABLE 2                COST COMPARISON BETWEEN DIESEL AND ELECTRIC MINING EQUIPMENT                61

TABLE 3                NOISE CONTROL REGULATIONS FOR RESIDENTIAL AREAS      61

TABLE 4                INCENTIVES AND SUBSIDIES OFFERED BY KEY COUNTRIES        63

TABLE 5                ELECTRIC VS. DIESEL POWERED OFF-HIGHWAY EQUIPMENT      64

TABLE 6                RANGE COMPARISON OF BATTERY ELECTRIC AND OFF-HIGHWAY DIESEL TRUCKS      68

TABLE 7                WORKING TEMPERATURE COMPARISON FOR CONSTRUCTION EQUIPMENT   68

TABLE 8                US: IMPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)      69

TABLE 9                FRANCE: IMPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         70

TABLE 10              UK: IMPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)      70

TABLE 11              GERMANY: IMPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         70

TABLE 12              ITALY: IMPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)      71

TABLE 13              CHINA: EXPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         71

TABLE 14              GERMANY: EXPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         71

TABLE 15              US: EXPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)      72

TABLE 16              SWEDEN: EXPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         72

TABLE 17              ITALY: EXPORT DATA FOR HS CODE 842710-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)      72

TABLE 18              PATENT ANALYSIS          75

TABLE 19              ROLE OF COMPANIES IN ECOSYSTEM    79

TABLE 20              INDICATIVE PRICING OF ELECTRIC CONSTRUCTION EQUIPMENT, BY TYPE,

2024 (USD/UNIT)              81

TABLE 21              INDICATIVE PRICING OF ELECTRIC CONSTRUCTION EQUIPMENT, BY APPLICATION, 2024 (USD/UNIT)       82

TABLE 22              AMERICAS: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 86

TABLE 23              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           87

TABLE 24              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 88

TABLE 25              QUALITY STANDARDS FOR ELECTRIC CONSTRUCTION EQUIPMENT   89

TABLE 26              KEY CONFERENCES AND EVENTS, 2025–2026                 90

TABLE 27              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)                 95

TABLE 28              KEY BUYING CRITERIA, BY APPLICATION                 96

TABLE 29              TOTAL COST OF OWNERSHIP OF ELECTRIC EXCAVATORS    97

TABLE 30              TOTAL COST OF OWNERSHIP OF LOADERS                 100

TABLE 31              BATTERY CHEMISTRIES                101

TABLE 32              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021–2024 (UNITS)    105

TABLE 33              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2025–2032 (UNITS)    106

TABLE 34              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            106

TABLE 35              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            106

TABLE 36              ELECTRIC EXCAVATOR MARKET, BY REGION, 2021–2024 (UNITS)            107

TABLE 37              ELECTRIC EXCAVATOR MARKET, BY REGION, 2025–2032 (UNITS)            107

TABLE 38              ELECTRIC EXCAVATOR MARKET, BY REGION, 2021–2024 (USD MILLION)            108

TABLE 39              ELECTRIC EXCAVATOR MARKET, BY REGION, 2025–2032 (USD MILLION)            108

TABLE 40              ELECTRIC LOADER MARKET, BY REGION, 2021–2024 (UNITS)      109

TABLE 41              ELECTRIC LOADER MARKET, BY REGION, 2025–2032 (UNITS)      109

TABLE 42              ELECTRIC LOADER MARKET, BY REGION, 2021–2024 (USD MILLION)       109

TABLE 43              ELECTRIC LOADER MARKET, BY REGION, 2025–2032 (USD MILLION)       109

TABLE 44              ELECTRIC MOTOR GRADER MARKET, BY REGION, 2021–2024 (UNITS)         110

TABLE 45              ELECTRIC MOTOR GRADER MARKET, BY REGION, 2025–2032 (UNITS)         110

TABLE 46              ELECTRIC MOTOR GRADER MARKET, BY REGION, 2021–2024 (USD MILLION)          110

TABLE 47              ELECTRIC MOTOR GRADER MARKET, BY REGION, 2025–2032 (USD MILLION)          111

TABLE 48              ELECTRIC DOZER MARKET, BY REGION, 2021–2024 (UNITS)      111

TABLE 49              ELECTRIC DOZER MARKET, BY REGION, 2025–2032 (UNITS)      112

TABLE 50              ELECTRIC DOZER MARKET, BY REGION, 2021–2024 (USD MILLION)       112

TABLE 51              ELECTRIC DOZER MARKET, BY REGION, 2025–2032 (USD MILLION)       112

TABLE 52              ELECTRIC DUMP TRUCK/WIDE-B0DIED TRUCKS MARKET, BY REGION,

2021–2024 (UNITS)            113

TABLE 53              ELECTRIC DUMP TRUCK/WIDE-B0DIED TRUCKS MARKET, BY REGION,

2025–2032 (UNITS)            113

TABLE 54              ELECTRIC DUMP TRUCK/WIDE-B0DIED TRUCKS MARKET, BY REGION,

2021–2024 (USD MILLION)            114

TABLE 55              ELECTRIC DUMP TRUCK/WIDE-B0DIED TRUCKS MARKET, BY REGION,

2025–2032 (USD MILLION)            114

TABLE 56             ELECTRIC LOAD HAUL DUMP LOADER MARKET, BY REGION, 2021–2024 (UNITS)  115

TABLE 57             ELECTRIC LOAD HAUL DUMP LOADER MARKET, BY REGION, 2025–2032 (UNITS)  115

TABLE 58             ELECTRIC LOAD HAUL DUMP LOADER MARKET, BY REGION,

2021–2024 (USD MILLION)            115

TABLE 59             ELECTRIC LOAD HAUL DUMP LOADER MARKET, BY REGION,

2025–2032 (USD MILLION)            115

TABLE 60              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY,

2021–2024 (UNITS)            118

TABLE 61              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY,

2025–2032 (UNITS)            118

TABLE 62              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY,

2021–2024 (USD MILLION)            119

TABLE 63              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY,

2025–2032 (USD MILLION)            119

TABLE 64              <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            119

TABLE 65              <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            120

TABLE 66              <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            120

TABLE 67              <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            120

TABLE 68              50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)   121

TABLE 69              50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS)   121

TABLE 70              50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)                 121

TABLE 71              50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)                 122

TABLE 72              200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)   122

TABLE 73              200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS)   123

TABLE 74              200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)                 123

TABLE 75              200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)                 123

TABLE 76              >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            124

TABLE 77              >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            124

TABLE 78              >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            124

TABLE 79              >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            125

TABLE 80              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY,

2021–2024 (UNITS)            128

TABLE 81              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY,

2025–2032 (UNITS)            129

TABLE 82              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY,

2021–2024 (USD MILLION)            129

TABLE 83              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY,

2025–2032 (USD MILLION)            129

TABLE 84              LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (UNITS)  130

TABLE 85              LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2032 (UNITS)  131

TABLE 86              LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2021–2024 (USD MILLION)   131

TABLE 87              LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET,

BY REGION, 2025–2032 (USD MILLION)   131

TABLE 88              LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)            132

TABLE 89              LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS)            132

TABLE 90              LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)            133

TABLE 91              LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)            133

TABLE 92              ELECTRIC CONSTRUCTION EQUIPMENT MARKET: SODIUM-ION VS. LITHIUM-ION BATTERIES    134

TABLE 93              OTHERS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            135

TABLE 94              OTHERS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            135

TABLE 95              GLOBAL BATTERY PRODUCTION, BY BATTERY CHEMISTRY        136

TABLE 96              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2021–2024 (UNITS)            138

TABLE 97              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2025–2032 (UNITS)            138

TABLE 98              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2021–2024 (USD MILLION)            139

TABLE 99              ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2025–2032 (USD MILLION)            139

TABLE 100            <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            140

TABLE 101            <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            140

TABLE 102            <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            140

TABLE 103            <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            140

TABLE 104            50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            141

TABLE 105            50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            141

TABLE 106            50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            142

TABLE 107            50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            142

TABLE 108            150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            142

TABLE 109            150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            143

TABLE 110            150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            143

TABLE 111            150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            143

TABLE 112            >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            144

TABLE 113            >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            144

TABLE 114            >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            144

TABLE 115            >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            145

TABLE 116            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION,

2021–2024 (UNITS)            147

TABLE 117            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION,

2025–2032 (UNITS)            148

TABLE 118            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION,

2021–2024 (USD MILLION)            148

TABLE 119            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION,

2025–2032 (USD MILLION)            148

TABLE 120            BATTERY ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            149

TABLE 121            BATTERY ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            149

TABLE 122            BATTERY ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            150

TABLE 123            BATTERY ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            150

TABLE 124            HYBRID ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            151

TABLE 125            HYBRID ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            151

TABLE 126            HYBRID ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            151

TABLE 127            HYBRID ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            151

TABLE 128            HYDROGEN ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            152

TABLE 129            HYDROGEN ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            152

TABLE 130            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2021–2024 (UNITS)            155

TABLE 131            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025–2032 (UNITS)            155

TABLE 132            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            156

TABLE 133            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025–2032 (USD MILLION)            156

TABLE 134            CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)   156

TABLE 135            CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS)   157

TABLE 136            CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)                 157

TABLE 137            CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)                 157

TABLE 138            MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            158

TABLE 139            MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            158

TABLE 140            MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            158

TABLE 141            MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            159

TABLE 142            GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (UNITS)            159

TABLE 143            GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (UNITS)            160

TABLE 144            GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            160

TABLE 145            GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            160

TABLE 146            AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)   161

TABLE 147            AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS)   161

TABLE 148            AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)                 161

TABLE 149            AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)                 162

TABLE 150          ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY TYPE, 2021–2024 (UNITS)        164

TABLE 151          ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY TYPE, 2025–2032 (UNITS)        165

TABLE 152          ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            165

TABLE 153          ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            165

TABLE 154            ELECTRIC LAWNMOWER MARKET, BY REGION, 2021–2024 (UNITS)            166

TABLE 155            ELECTRIC LAWNMOWER MARKET, BY REGION, 2025–2032 (UNITS)            166

TABLE 156            ELECTRIC LAWNMOWER MARKET, BY REGION, 2021–2024 (USD MILLION)            167

TABLE 157            ELECTRIC LAWNMOWER MARKET, BY REGION, 2025–2032 (USD MILLION)            167

TABLE 158            ELECTRIC SELF-PROPELLED SPRAYER MARKET, BY REGION, 2021–2024 (UNITS)  167

TABLE 159            ELECTRIC SELF-PROPELLED SPRAYER MARKET, BY REGION, 2025–2032 (UNITS)  168

TABLE 160            ELECTRIC SELF-PROPELLED SPRAYER MARKET, BY REGION,

2021–2024 (USD MILLION)            168

TABLE 161            ELECTRIC SELF-PROPELLED SPRAYER MARKET, BY REGION,

2025–2032 (USD MILLION)            168

TABLE 162            ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNITS)            169

TABLE 163            ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)            169

TABLE 164            ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)            169

TABLE 165            ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)            169

TABLE 166            ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2021–2024 (UNITS)    172

TABLE 167            ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2025–2032 (UNITS)    173

TABLE 168            ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2021–2024 (USD MILLION)     173

TABLE 169            ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY, 2025–2032 (USD MILLION)     173

TABLE 170            <50 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNITS)         174

TABLE 171            <50 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         174

TABLE 172            <50 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)          174

TABLE 173            <50 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)          175

TABLE 174            50–100 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNITS)         175

TABLE 175            50–100 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         176

TABLE 176            50–100 KWH: ELECTRIC TRACTOR MARKET, BY REGION,

2021–2024 (USD MILLION)            176

TABLE 177            50–100 KWH: ELECTRIC TRACTOR MARKET, BY REGION,

2025–2032 (USD MILLION)            176

TABLE 178            >100 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNITS)         177

TABLE 179            >100 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         177

TABLE 180            >100 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)          178

TABLE 181            >100 KWH: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)          178

TABLE 182            ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2021–2024 (UNITS) 181

TABLE 183            ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY, 2025–2032 (UNITS) 182

TABLE 184            ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY,

2021–2024 (USD MILLION)            182

TABLE 185            ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY,

2025–2032 (USD MILLION)            182

TABLE 186            INVESTMENTS AND DEVELOPMENTS RELATED TO LFP BATTERIES         183

TABLE 187            LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION,

2021–2024 (UNITS)            184

TABLE 188            LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION,

2025–2032 (UNITS)            184

TABLE 189            LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION,

2021–2024 (USD MILLION)            184

TABLE 190            LITHIUM IRON PHOSPHATE: ELECTRIC TRACTOR MARKET, BY REGION,

2025–2032 (USD MILLION)            184

TABLE 191            LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET,

BY REGION, 2021–2024 (UNITS)  186

TABLE 192            LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET,

BY REGION, 2025–2032 (UNITS)  186

TABLE 193            LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET,

BY REGION, 2021–2024 (USD MILLION)   186

TABLE 194            LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC TRACTOR MARKET,

BY REGION, 2025–2032 (USD MILLION)   186

TABLE 195            ELECTRIC TRACTOR MARKET: SODIUM-ION VS. LITHIUM-ION BATTERIES            187

TABLE 196            OTHERS: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         188

TABLE 197            OTHERS: ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)          188

TABLE 198            ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (UNITS)            191

TABLE 199            ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (UNITS)            191

TABLE 200            ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (USD MILLION)            192

TABLE 201            ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (USD MILLION)            192

TABLE 202            OEM-WISE BATTERY CHEMISTRY AND MOTOR CAPACITY           193

TABLE 203            BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNITS)         194

TABLE 204            BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         194

TABLE 205            BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)          194

TABLE 206            BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)          194

TABLE 207            HYBRID ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND

ENGINE CAPACITIES      195

TABLE 208            HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNITS)         196

TABLE 209            HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         196

TABLE 210            HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)          196

TABLE 211            HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)          196

TABLE 212            HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNITS)         197

TABLE 213            HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)          197

TABLE 214            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2021–2024 (UNITS)               200

TABLE 215            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2025–2032 (UNITS)               201

TABLE 216            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2021–2024 (USD MILLION)            201

TABLE 217            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025–2032 (USD MILLION)            201

TABLE 218            ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2021–2024 (UNITS)                 202

TABLE 219            ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2025–2032 (UNITS)                 203

TABLE 220            ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2021–2024 (USD MILLION)                 203

TABLE 221            ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2025–2032 (USD MILLION)                 203

TABLE 222            CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            208

TABLE 223            CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            208

TABLE 224            CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            209

TABLE 225            CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            209

TABLE 226            INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            210

TABLE 227            INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            210

TABLE 228            INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            211

TABLE 229            INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            211

TABLE 230            JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            212

TABLE 231            JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            213

TABLE 232            JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            213

TABLE 233            JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            214

TABLE 234            SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            215

TABLE 235            SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            215

TABLE 236            SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            216

TABLE 237            SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            216

TABLE 238            REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021–2024 (UNITS)                217

TABLE 239            REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2025–2032 (UNITS)                218

TABLE 240            REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021–2024 (USD MILLION) 218

TABLE 241            REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2025–2032 (USD MILLION) 219

TABLE 242            EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (UNITS)            221

TABLE 243            EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2032 (UNITS)            221

TABLE 244            EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            221

TABLE 245            EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            222

TABLE 246            GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            226

TABLE 247            GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            227

TABLE 248            GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            227

TABLE 249            GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            228

TABLE 250            UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            229

TABLE 251            UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            229

TABLE 252            UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            230

TABLE 253            UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            230

TABLE 254            FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            231

TABLE 255            FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            232

TABLE 256            FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            232

TABLE 257            FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            233

TABLE 258            SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            234

TABLE 259            SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            234

TABLE 260            SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            235

TABLE 261            SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            235

TABLE 262            RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            236

TABLE 263            RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            237

TABLE 264            RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            237

TABLE 265            RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            238

TABLE 266            ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            239

TABLE 267            ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            239

TABLE 268            ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            240

TABLE 269            ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            240

TABLE 270            REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021–2024 (UNITS)         241

TABLE 271            REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2025–2032 (UNITS)         242

TABLE 272            REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2021–2024 (USD MILLION)                 242

TABLE 273            REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE, 2025–2032 (USD MILLION)                 243

TABLE 274            AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (UNITS)            245

TABLE 275            AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2032 (UNITS)            245

TABLE 276            AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            245

TABLE 277            AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025–2032 (USD MILLION)            246

TABLE 278            US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            249

TABLE 279            US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            250

TABLE 280            US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            250

TABLE 281            US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            251

TABLE 282            CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            252

TABLE 283            CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            252

TABLE 284            CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            253

TABLE 285            CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            253

TABLE 286            MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            254

TABLE 287            MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            255

TABLE 288            MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            255

TABLE 289            MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            256

TABLE 290            BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            257

TABLE 291            BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            257

TABLE 292            BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            258

TABLE 293            BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            258

TABLE 294            ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (UNITS)            259

TABLE 295            ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (UNITS)            260

TABLE 296            ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2021–2024 (USD MILLION)            260

TABLE 297            ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025–2032 (USD MILLION)            261

TABLE 298            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025        262

TABLE 299            ELECTRIC CONSTRUCTION EQUIPMENT MARKET: DEGREE OF COMPETITION, 2024          265

TABLE 300            ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS: REGION FOOTPRINT              271

TABLE 301            ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS: TYPE FOOTPRINT   272

TABLE 302            ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS:

APPLICATION FOOTPRINT         273

TABLE 303            ELECTRIC EXCAVATOR MANUFACTURERS: REGION FOOTPRINT     276

TABLE 304            ELECTRIC EXCAVATOR MANUFACTURERS: PROPULSION FOOTPRINT           277

TABLE 305            ELECTRIC EXCAVATOR MANUFACTURERS: BATTERY CHEMISTRY FOOTPRINT         277

TABLE 306            ELECTRIC CONSTRUCTION EQUIPMENT MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2022–2025                 278

TABLE 307            ELECTRIC CONSTRUCTION EQUIPMENT MARKET: DEALS, 2022–2025          280

TABLE 308            ELECTRIC CONSTRUCTION EQUIPMENT MARKET: EXPANSIONS, 2022–2025             282

TABLE 309            ELECTRIC CONSTRUCTION EQUIPMENT MARKET: OTHER DEVELOPMENTS,

2022–2025              284

TABLE 310            HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW       286

TABLE 311            HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS OFFERED        287

TABLE 312            HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS  288

TABLE 313            HITACHI CONSTRUCTION MACHINERY CO., LTD.: DEALS       289

TABLE 314            HITACHI CONSTRUCTION MACHINERY CO., LTD.: EXPANSIONS          291

TABLE 315            HITACHI CONSTRUCTION MACHINERY CO., LTD.: OTHER DEVELOPMENTS 292

TABLE 316            CATERPILLAR INC.: COMPANY OVERVIEW                 294

TABLE 317            CATERPILLAR INC.: PRODUCTS OFFERED                 295

TABLE 318            CATERPILLAR INC.: PRODUCT LAUNCHES/DEVELOPMENTS    297

TABLE 319            CATERPILLAR INC.: DEALS          299

TABLE 320            CATERPILLAR INC.: EXPANSIONS             300

TABLE 321            CATERPILLAR INC.: OTHER DEVELOPMENTS                 300

TABLE 322            KOMATSU LTD.: COMPANY OVERVIEW 302

TABLE 323            KOMATSU LTD.: PRODUCTS OFFERED 303

TABLE 324            KOMATSU LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    305

TABLE 325            KOMATSU LTD.: DEALS 306

TABLE 326            VOLVO CONSTRUCTION EQUIPMENT: COMPANY OVERVIEW   310

TABLE 327            VOLVO CONSTRUCTION EQUIPMENT: PRODUCTS OFFERED    311

TABLE 328            VOLVO CONSTRUCTION EQUIPMENT: PRODUCT LAUNCHES/DEVELOPMENTS               312

TABLE 329            VOLVO CONSTRUCTION EQUIPMENT: DEALS                 314

TABLE 330            VOLVO CONSTRUCTION EQUIPMENT: OTHER DEVELOPMENTS              316

TABLE 331            SANY HEAVY INDUSTRIES CO., LTD.: COMPANY OVERVIEW          319

TABLE 332            SANY HEAVY INDUSTRIES CO., LTD.: PRODUCTS OFFERED    320

TABLE 333            SANY HEAVY INDUSTRIES CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    321

TABLE 334            SANY HEAVY INDUSTRIES CO., LTD.: OTHER DEVELOPMENTS              321

TABLE 335            JCB: COMPANY OVERVIEW          323

TABLE 336            JCB: PRODUCTS OFFERED           323

TABLE 337            JCB: PRODUCT LAUNCHES/DEVELOPMENTS                 324

TABLE 338            JCB: DEALS         326

TABLE 339            JCB: EXPANSIONS            326

TABLE 340            JCB: OTHER DEVELOPMENTS    327

TABLE 341            DEERE & COMPANY: COMPANY OVERVIEW                 328

TABLE 342            DEERE & COMPANY: PRODUCTS OFFERED                 329

TABLE 343            DEERE & COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS    330

TABLE 344            DEERE & COMPANY: DEALS        331

TABLE 345            DEERE & COMPANY: EXPANSIONS           332

TABLE 346            DEERE & COMPANY: OTHER DEVELOPMENTS                 332

TABLE 347            SANDVIK AB: COMPANY OVERVIEW        334

TABLE 348            SANDVIK AB: PRODUCTS OFFERED         335

TABLE 349            SANDVIK AB: PRODUCT LAUNCHES/DEVELOPMENTS    336

TABLE 350            SANDVIK AB: DEALS       337

TABLE 351            SANDVIK AB: EXPANSIONS          338

TABLE 352            SANDVIK AB: OTHER DEVELOPMENTS 339

TABLE 353            EPIROC AB: COMPANY OVERVIEW           340

TABLE 354            EPIROC AB: PRODUCTS OFFERED            341

TABLE 355            EPIROC AB: PRODUCT LAUNCHES/DEVELOPMENTS    342

TABLE 356            EPIROC AB: DEALS          343

TABLE 357            EPIROC AB: OTHER DEVELOPMENTS     345

TABLE 358            LIEBHERR: COMPANY OVERVIEW             346

TABLE 359            LIEBHERR: PRODUCTS OFFERED              347

TABLE 360            LIEBHERR: PRODUCT LAUNCHES/DEVELOPMENTS    348

TABLE 361            LIEBHERR: DEALS            350

TABLE 362            LIEBHERR: OTHER DEVELOPMENTS      351

TABLE 363            BOBCAT COMPANY: COMPANY OVERVIEW                 352

TABLE 364            BOBCAT COMPANY: PRODUCTS OFFERED                 353

TABLE 365            BOBCAT COMPANY: PRODUCT LAUNCHES/DEVELOPMENTS    354

TABLE 366            BOBCAT COMPANY: OTHER DEVELOPMENTS                 354

TABLE 367            SOLETRAC INC.: COMPANY OVERVIEW 356

TABLE 368            FENDT: COMPANY OVERVIEW  357

TABLE 369            HUSQVARNA AB: COMPANY OVERVIEW                 358

TABLE 370            XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD.: COMPANY OVERVIEW              359

TABLE 371            KUBOTA CORPORATION: COMPANY OVERVIEW                 360

TABLE 372            KOBELCO CONSTRUCTION MACHINERY EUROPE BV: COMPANY OVERVIEW         361

TABLE 373            BHARAT EARTH MOVERS LIMITED: COMPANY OVERVIEW          362

TABLE 374            CNH INDUSTRIAL NV: COMPANY OVERVIEW                 363

TABLE 375            WACKER NEUSON SE: COMPANY OVERVIEW                 364

TABLE 376            TAKEUCHI GLOBAL: COMPANY OVERVIEW                 365

TABLE 377            HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: COMPANY OVERVIEW   366

TABLE 378            LIUGONG MACHINERY CO., LTD.: COMPANY OVERVIEW          367

LIST OF FIGURES

FIGURE 1              ELECTRIC CONSTRUCTION EQUIPMENT MARKET SEGMENTATION           35

FIGURE 2              RESEARCH DESIGN         39

FIGURE 3              RESEARCH DESIGN MODEL         40

FIGURE 4              MARKET SIZE ESTIMATION: HYPOTHESIS BUILDING           44

FIGURE 5              BOTTOM-UP APPROACH              45

FIGURE 6              TOP-DOWN APPROACH                46

FIGURE 7              DATA TRIANGULATION                47

FIGURE 8              ELECTRIC CONSTRUCTION EQUIPMENT MARKET OUTLOOK        50

FIGURE 9              ASIA PACIFIC TO BE SECOND-LARGEST MARKET DURING FORECAST PERIOD    51

FIGURE 10            ELEVATED DEMAND FOR LOW-NOISE CONSTRUCTION TO DRIVE THE MARKET            53

FIGURE 11            ELECTRIC EXCAVATORS TO BE LARGEST SEGMENT DURING FORECAST PERIOD 54

FIGURE 12            AGRICULTURE TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD       54

FIGURE 13            LITHIUM IRON PHOSPHATE TO BE DOMINANT DURING FORECAST PERIOD       55

FIGURE 14            50–200 KWH TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD       55

FIGURE 15            BATTERY ELECTRIC SEGMENT TO SECURE LEADING POSITION DURING

FORECAST PERIOD         56

FIGURE 16            50–150 HP SEGMENT TO ACQUIRE HIGHEST SHARE DURING FORECAST PERIOD        56

FIGURE 17            EUROPE TO BE LARGEST MARKET FOR ELECTRIC CONSTRUCTION EQUIPMENT

IN 2025  57

FIGURE 18            ELECTRIC CONSTRUCTION EQUIPMENT MARKET DYNAMICS       59

FIGURE 19            NON-ROAD MOBILE MACHINERY (NRMM) EMISSION REGULATION OUTLOOK, 2019–2030   60

FIGURE 20            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   73

FIGURE 21            PATENT ANALYSIS          74

FIGURE 22            LEGAL STATUS OF PATENTS      75

FIGURE 23            SUPPLY CHAIN ANALYSIS             78

FIGURE 24            ECOSYSTEM MAPPING  80

FIGURE 25            ECOSYSTEM ANALYSIS  81

FIGURE 26            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION        95

FIGURE 27            KEY BUYING CRITERIA, BY APPLICATION                 96

FIGURE 28            COMPARISON OF ELECTRIC VS. ICE MINI EXCAVATORS    97

FIGURE 29            FACTORS INFLUENCING TOTAL COST OF OWNERSHIP OF ELECTRIC EXCAVATORS              98

FIGURE 30            TOTAL COST OF OWNERSHIP OF ELECTRIC TRACTORS          98

FIGURE 31            TOTAL COST OF OWNERSHIP OF ELECTRIC LOADERS             100

FIGURE 32            BATTERY CAPACITY OF ELECTRIC COMPACT CONSTRUCTION EQUIPMENT OFFERED BY OEMS, 2024                 102

FIGURE 33            POWER OUTPUT VS. BATTERY CAPACITY                 103

FIGURE 34            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY TYPE,

2025 VS. 2032 (USD MILLION)      105

FIGURE 35            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY,

2025 VS. 2032 (USD MILLION)      118

FIGURE 36            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY,

2025 VS. 2032 (USD MILLION)      128

FIGURE 37            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT,

2025 VS. 2032 (USD MILLION)      138

FIGURE 38            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION,

2025 VS. 2032 (USD MILLION)      147

FIGURE 39            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION,

2025 VS. 2032 (USD MILLION)      155

FIGURE 40           ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY TYPE,

2025 VS. 2032 (USD MILLION)      164

FIGURE 41            ELECTRIC TRACTOR MARKET, BY BATTERY CAPACITY,

2025 VS. 2032 (USD MILLION)      172

FIGURE 42            ELECTRIC TRACTOR MARKET, BY BATTERY CHEMISTRY,

2025 VS. 2032 (USD MILLION)      181

FIGURE 43            CHARACTERISTICS OF NMC BATTERIES                 185

FIGURE 44            ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025 VS. 2032 (USD MILLION)      191

FIGURE 45            AVERAGE PACK AND CELL PRICE PER KILOWATT-HOUR, 2013–2023      193

FIGURE 46            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION,

2025 VS. 2032 (USD MILLION)      200

FIGURE 47            ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY,

2025 VS. 2032 (USD MILLION)      202

FIGURE 48            ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      205

FIGURE 49            ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2024–2026              205

FIGURE 50            ASIA PACIFIC: INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                206

FIGURE 51            ASIA PACIFIC: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP,

BY COUNTRY, 2024           206

FIGURE 52            EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET SNAPSHOT            220

FIGURE 53            EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      223

FIGURE 54            EUROPE: GDP PER CAPITA, BY COUNTRY, 2024–2026        224

FIGURE 55            EUROPE: INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                224

FIGURE 56            EUROPE: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, BY COUNTRY, 2024     225

FIGURE 57            AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET SNAPSHOT            244

FIGURE 58            AMERICAS: REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026      247

FIGURE 59            AMERICAS: GDP PER CAPITA, BY COUNTRY, 2024–2026              247

FIGURE 60            AMERICAS: INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES,

BY COUNTRY, 2024–2026                248

FIGURE 61            AMERICAS: MANUFACTURING INDUSTRY CONTRIBUTION TO GDP,

BY COUNTRY, 2024           248

FIGURE 62            REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2020–2024         264

FIGURE 63            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        265

FIGURE 64            COMPANY VALUATION (USD BILLION) 266

FIGURE 65            FINANCIAL METRICS (EV/EBIDTA)          266

FIGURE 66            BRAND/PRODUCT COMPARISON             267

FIGURE 67            COMPANY EVALUATION MATRIX: ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS, 2024  269

FIGURE 68            ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS: COMPANY FOOTPRINT         270

FIGURE 69            COMPANY EVALUATION MATRIX: ELECTRIC EXCAVATOR MANUFACTURERS, 2024     275

FIGURE 70            ELECTRIC EXCAVATOR MANUFACTURERS: COMPANY FOOTPRINT 276

FIGURE 71            HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT       287

FIGURE 72            CATERPILLAR INC.: COMPANY SNAPSHOT                 295

FIGURE 73            KOMATSU LTD.: COMPANY SNAPSHOT 303

FIGURE 74            VOLVO CONSTRUCTION EQUIPMENT: COMPANY SNAPSHOT   311

FIGURE 75            SANY HEAVY INDUSTRIES CO., LTD.: COMPANY SNAPSHOT          320

FIGURE 76            DEERE & COMPANY: COMPANY SNAPSHOT                 329

FIGURE 77            SANDVIK AB: COMPANY SNAPSHOT       335

FIGURE 78            EPIROC AB: COMPANY SNAPSHOT           341

FIGURE 79            LIEBHERR: COMPANY SNAPSHOT            347

FIGURE 80            BOBCAT COMPANY: COMPANY SNAPSHOT                 353