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Global Electric Construction Equipment Market (2023-2032)- Latest Trends, New Technologies, Challenges, Risks Factors Analysis And Future Growth | Caterpillar Inc., Volvo Construction Equipment, SANY Group, JCB Inc., Hyundai CE
Electric Construction Equipment Market
Electric Construction Equipment Market Size, Growth Rate, And Forecast
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 electric construction equipment market is expected to grow to $19.98 billion in 2027 at a CAGR of 21.5%.
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Electric Construction Equipment Market Drivers
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.
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Electric Construction Equipment Market Segments
By Product Type: Track Loaders, Excavators, Backhoe Loaders, Skid Steers, Wheel Loaders, Telehandlers
By Equipment Type: Electric Excavator, Electric Motor Grader, Electric Dozer, Electric Loader, Electric Dump Truck, Electric Load-Haul-Dump Loader
By Engine Capacity Type: Less Than 5 L, 5 to 10 L, Greater Than 10 L
By Power Output: 50 HP, 50-150 HP, 150-300 HP and, >300 HP
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Electric Construction Equipment Market.
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Electric Construction Equipment Market Key Players
Major competitors in the Electric construction equipment market include Caterpillar Inc., Volvo Construction Equipment, SANY Group, JCB Inc., Hyundai CE, Bobcat Inc., Deere & Company, King Machinery, Komatsu Ltd.
The Business Research Company's "Global Electric Construction Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Electric Construction Equipment Market Include:
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
……
26. Africa Electric Construction Equipment Market
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
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