Press release
Electric Construction Equipment Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Komatsu Ltd. Liebherr-International Deutschland GmbH (Liebherr Group) Liugong Machinery Co., Ltd.
Electric construction equipment market is anticipated to grow at a CAGR of 12.1% during the forecast period (2024-2031). The growing adoption of battery-driven loaders with the improving cleaner air, less noise and less heat is the key factor supporting the growth of the market globally. Battery-powered electric construction equipment machines are a great solution to work more sustainably while maintaining optimum productivity. The market players are also focusing on introducing battery-powered electric construction equipment solutions that further bolster the market growth. For instance, in September 2021, Sandvik AB and Rock Solutions introduced a new electric equipment range. Sandvik introduced Toro™ LH514BE, an AutoMine® compatible cable-lectric loader, boosted with innovative battery technology.Get Free Sample link @ https://www.omrglobal.com/request-sample/electric-construction-equipment-market
The major companies serving the global electric construction equipment market include AB Volvo, Caterpillar Inc., Doosan Corp., John Deere Group, Komatsu Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, Komatsu and Proterra collaborated to develop all-electric construction equipment. The collaboration represents Proterra's entry into the off-road vehicle market and the company's first Proterra Powered™ battery-electric construction equipment.
full report of Electric Construction Equipment Market available @ https://www.omrglobal.com/industry-reports/electric-construction-equipment-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Electric Construction Equipment Market Report Segment
By Vehicle Type
• Excavators
• Loaders
• Cranes
• Others (Forklift)
By Battery
• Lithium Ion
• Lead Acid
By End User
• Residential
• Construction
• Industrial
Global Electric Construction Equipment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global electric construction equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electric-construction-equipment-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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