Global Compact Electric Construction Equipment Market 2023-2027
The compact electric construction equipment market is forecasted to grow by USD 43.39 bn during 2022-2027, accelerating at a CAGR of 13.15% during the forecast period. The report on the compact electric construction equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing urbanization and infrastructure development, cost-effectiveness of using compact electric construction equipment over time, and rising awareness of environmental sustainability.
Technavio's compact electric construction equipment market is segmented as below:
By Product Type
- Forklift
- Loader
- Excavator
- AWP equipment
By Application
- Commercial
- Residential
- Infrastructure
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the help from rapid advancement in battery technology as one of the prime reasons driving the compact electric construction equipment market growth during the next few years. Also, reduced environmental impact associated with using compact electric construction equipment and enhanced performance of compact electric construction equipment will lead to sizable demand in the market.
The report on the compact electric construction equipment market covers the following areas:
- Compact electric construction equipment market sizing
- Compact electric construction equipment market forecast
- Compact electric construction equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading compact electric construction equipment market vendors that include AB Volvo, Caterpillar Inc., CNH Industrial NV, Deere and Co., Doosan Corp., Guangxi LiuGong Machinery Co. Ltd., Haulotte Group, HD Hyundai Co. Ltd., Hidromek Hidrolik ve Mekanik Makina Imalat Sanayi ve Ticaret A.S., Hitachi Ltd., J C Bamford Excavators Ltd., Kobe Steel Ltd., Komatsu Ltd., Kubota Corp., Liebherr International Deutschland GmbH, Manitou BF SA, NACCO Industries Inc., SANY Group, Takeuchi Mfg. Co. Ltd., and Wacker Neuson SE. Also, the compact electric construction equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.