The Electric Construction Equipment Global Market Report 2023 by The Business Research Company, provides electric construction equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Electric Construction Equipment Market:
According to The Business Research Company’s Electric Construction Equipment Global Market Report 2023, the global electric construction equipment market is expected to grow from $7.49 billion in 2022 to $9.18 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric construction equipment market is expected to grow to $19.98 billion in 2027 at a CAGR of 21.5%.
The increase in construction activities around the globe is expected to propel the growth of the electric construction equipment market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. The rise in the construction industry increases the demand for electric construction equipment as they are useful for various tasks and procedures carried out on a building site, including rehabilitation, assembly, and obtaining accurate measurements (rangefinder function) when installing any plumbing systems, and others.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=8783&type=smp
The electric construction equipment market is segmented:
1) By Product Type: Track Loaders, Excavators, Backhoe Loaders, Skid Steers, Wheel Loaders, Telehandlers
2) By Equipment Type: Electric Excavator, Electric Motor Grader, Electric Dozer, Electric Loader, Electric Dump Truck, Electric Load-Haul-Dump Loader
3) By Engine Capacity Type: Less Than 5 L, 5 to 10 L, Greater Than 10 L
4) By Power Output: 50 HP, 50-150 HP, 150-300 HP and, >300 HP
Product innovation has emerged as the key trend gaining popularity in the electric construction equipment market. Major companies operating in the electric construction equipment sector are focused on developing innovative products to meet customer demand. For instance, in July 2022, Hitachi Construction Machinery Co., Ltd., a Japan-based construction equipment company launched ZX55U-6EB, a five-ton battery-powered excavator. The new ZX55U-6EB runs with outstanding maneuverability in small places since it has carried over the ZX55U-6 model’s short tail swing. The ZX55U-6EB will enable customers to work on a wide variety of projects, such as urban construction sites, residential building projects, and waste material management projects anywhere the environment is a priority.
The electric construction equipment market report table of contents includes:
1. Executive Summary
2. Electric Construction Equipment Market Characteristics
3. Electric Construction Equipment Market Trends And Strategies
4. Electric Construction Equipment Market – Macro Economic Scenario
5. Electric Construction Equipment Market Size And Growth
…
27. Electric Construction Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Construction Equipment Market
29. Electric Construction Equipment Market Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Plasma powder is a protein-rich ingredient derived from the spray-drying of plasma,…
Overview and Scope A pedestrian bridge is a constructed framework spanning a railway, river, or…
Overview and Scope Next-generation antibody therapeutics are advanced antibody-based drugs in structure, functionality, and therapeutic…
Overview and Scope A neurological biomarker is a substance that provides objective and quantifiable information…
Overview and Scope Home insurance is a policy that pays for expenses and damage to…
Overview and Scope Extended-release drugs are a dosage form made to release the medication over…