Construction Machinery Battery Market Expansion Driven by Leading Manufacturers are CATL, EnerSys, and EVE Energy - Forecast CAGR 21.8% to 2031

Market Summary -

The global market for Construction Machinery Battery was estimated to be worth US$ 6622 million in 2024 and is forecast to a readjusted size of US$ 29508 million by 2031 with a CAGR of 21.8% during the forecast period 2025-2031.

Accourding to QY Research has released a new publication titled "Global Construction Machinery Battery Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Construction Machinery Battery industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

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This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Construction Machinery Battery cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Construction Machinery Battery refers to the rechargeable power source specifically designed to supply energy to electric or hybrid construction equipment, such as excavators, loaders, bulldozers, and cranes. These batteries are engineered to meet the high power demands, durability, and rugged operating conditions typical of construction sites. They often utilize lithium-ion or other advanced chemistries to ensure long cycle life, fast charging, and reliable performance in harsh environments. As the construction industry shifts toward electrification for reduced emissions and improved energy efficiency, construction machinery batteries play a critical role in enabling sustainable operations.

Recent Developments -

The authors of the report have put forward recent developments by key participants. Other strategic activities by manufacturers such as M&A, joint ventures, collaborations, innovation, product offerings, and research and development activities are highlighted in this research study. This will keep the users up-to-date about the undertakings and give the users a crystal-clear understanding of the key advancements emerging in the business.

Market Driven -

The Construction Machinery Battery market is witnessing a significant transformation driven by the global shift toward electrification and carbon neutrality. Key players such as CATL, EnerSys, and EVE Energy dominate the industry, collectively accounting for over half of the global market share. These companies are investing heavily in R&D and expanding production capacity to meet the growing demand for reliable, high-capacity battery solutions. The adoption of battery-powered construction equipment is becoming more widespread as regulatory pressures increase and end-users seek to reduce operating costs and emissions.

Asia-Pacific leads the market, contributing approximately 60% of global revenue, primarily due to the rapid urbanization, infrastructure development, and strong government policies supporting electrification in countries like China and India. The region is also home to some of the most advanced battery manufacturers and construction machinery OEMs, fostering a strong supply chain and favorable ecosystem for growth. Europe and North America are also emerging as significant markets, driven by sustainability targets and construction sector innovation.

In terms of product type, lithium-ion batteries dominate the market with a 72% share, thanks to their superior energy density, longer lifespan, and fast-charging capabilities. As battery technology continues to evolve, new chemistries and battery management systems are enhancing the efficiency and safety of these batteries, making them more suitable for demanding construction applications. Traditional lead-acid batteries still hold some presence, especially in low-cost or legacy machinery, but their share is declining steadily.

Among applications, forklifts represent a notable segment with about 13% market share, reflecting the early adoption of electrification in material handling equipment. However, other segments such as excavators, loaders, and cranes are catching up rapidly as manufacturers release battery-electric models and construction firms explore green alternatives. Over the next few years, the market is expected to see accelerated adoption across all equipment types, supported by advances in battery technology, falling costs, and the global push toward decarbonizing the construction industry.

Market Segmentation and Regional -

By Type

Lead-acid Battery
Lithium-ion Battery

By Application

Forklift
Excavating Machinery
Loading Machinery
Concrete Machinery
Others

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

The analysis spans from 2024 (base year) to 2031 (forecast period).

Major Company Included: -

CATL
EnerSys
EVE Energy
Farasis Energy
Ruipu Energy
GS Yuasa
Hoppecke
Gotion High-tech
Resonac
East Penn Manufacturing
Midac SpA
CALB Group

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Why should you purchase this report?

Purchasing this report provides you with a comprehensive and data-driven understanding of the market landscape, enabling informed business decisions and strategic planning. The report comes with free customization based on client requirements, including a country-level breakdown of any five countries of your choice and a competitive analysis of segment revenue by key market players. With detailed insights into market trends, growth drivers, challenges, competitive dynamics, and emerging opportunities, this report equips stakeholders, manufacturers, and investors with actionable intelligence to identify profitable prospects, optimize operations, and maintain a competitive edge in the industry.

How Can the Research Study Help your Business?

✔ The information presented in the Construction Machinery Battery report helps your decision makers to become prudent and make the best business choices.
✔ The report enables you to see the future of the global Construction Machinery Battery market and accordingly take decisions that will be in the best interest of your business.
✔ It offers you a forward-looking perspective of the global Construction Machinery Battery market drivers and how you can secure significant market gains in the near future.
✔ It provides SWOT analysis of the global Construction Machinery Battery market along with useful graphics and detailed statistics providing quick information about the market's overall progress throughout the forecast period.
✔ It also assesses the changing competitive dynamics of the global Construction Machinery Battery market using pin-point evaluation.

Key Questions Answered in the Report -

✔ What is the size and estimated growth rate of the global and regional Construction Machinery Battery market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Construction Machinery Battery Product Introduction
1.2 Global Construction Machinery Battery Market Size Forecast
1.2.1 Global Construction Machinery Battery Sales Value (2020-2031)
1.2.2 Global Construction Machinery Battery Sales Volume (2020-2031)
1.2.3 Global Construction Machinery Battery Sales Price (2020-2031)
1.3 Construction Machinery Battery Market Trends & Drivers
1.3.1 Construction Machinery Battery Industry Trends
1.3.2 Construction Machinery Battery Market Drivers & Opportunity
1.3.3 Construction Machinery Battery Market Challenges
1.3.4 Construction Machinery Battery Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Construction Machinery Battery Players Revenue Ranking (2024)
2.2 Global Construction Machinery Battery Revenue by Company (2020-2025)
2.3 Global Construction Machinery Battery Players Sales Volume Ranking (2024)
2.4 Global Construction Machinery Battery Sales Volume by Company Players (2020-2025)
2.5 Global Construction Machinery Battery Average Price by Company (2020-2025)
2.6 Key Manufacturers Construction Machinery Battery Manufacturing Base and Headquarters
2.7 Key Manufacturers Construction Machinery Battery Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Construction Machinery Battery
2.9 Construction Machinery Battery Market Competitive Analysis
2.9.1 Construction Machinery Battery Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Construction Machinery Battery Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Construction Machinery Battery as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Lead-acid Battery
3.1.2 Lithium-ion Battery
3.2 Global Construction Machinery Battery Sales Value by Type
3.2.1 Global Construction Machinery Battery Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Construction Machinery Battery Sales Value, by Type (2020-2031)
3.2.3 Global Construction Machinery Battery Sales Value, by Type (%) (2020-2031)
3.3 Global Construction Machinery Battery Sales Volume by Type
3.3.1 Global Construction Machinery Battery Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Construction Machinery Battery Sales Volume, by Type (2020-2031)
3.3.3 Global Construction Machinery Battery Sales Volume, by Type (%) (2020-2031)
3.4 Global Construction Machinery Battery Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Forklift
4.1.2 Excavating Machinery
4.1.3 Loading Machinery
4.1.4 Concrete Machinery
4.1.5 Others
4.2 Global Construction Machinery Battery Sales Value by Application
4.2.1 Global Construction Machinery Battery Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Construction Machinery Battery Sales Value, by Application (2020-2031)
4.2.3 Global Construction Machinery Battery Sales Value, by Application (%) (2020-2031)
4.3 Global Construction Machinery Battery Sales Volume by Application
4.3.1 Global Construction Machinery Battery Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Construction Machinery Battery Sales Volume, by Application (2020-2031)
4.3.3 Global Construction Machinery Battery Sales Volume, by Application (%) (2020-2031)
4.4 Global Construction Machinery Battery Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Construction Machinery Battery Sales Value by Region
5.1.1 Global Construction Machinery Battery Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Construction Machinery Battery Sales Value by Region (2020-2025)
5.1.3 Global Construction Machinery Battery Sales Value by Region (2026-2031)
5.1.4 Global Construction Machinery Battery Sales Value by Region (%), (2020-2031)
5.2 Global Construction Machinery Battery Sales Volume by Region
5.2.1 Global Construction Machinery Battery Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Construction Machinery Battery Sales Volume by Region (2020-2025)
5.2.3 Global Construction Machinery Battery Sales Volume by Region (2026-2031)
5.2.4 Global Construction Machinery Battery Sales Volume by Region (%), (2020-2031)
5.3 Global Construction Machinery Battery Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Construction Machinery Battery Sales Value, 2020-2031
5.4.2 North America Construction Machinery Battery Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Construction Machinery Battery Sales Value, 2020-2031
5.5.2 Europe Construction Machinery Battery Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Construction Machinery Battery Sales Value, 2020-2031
5.6.2 Asia Pacific Construction Machinery Battery Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Construction Machinery Battery Sales Value, 2020-2031
5.7.2 South America Construction Machinery Battery Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Construction Machinery Battery Sales Value, 2020-2031
5.8.2 Middle East & Africa Construction Machinery Battery Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Construction Machinery Battery Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Construction Machinery Battery Sales Value and Sales Volume
6.2.1 Key Countries/Regions Construction Machinery Battery Sales Value, 2020-2031
6.2.2 Key Countries/Regions Construction Machinery Battery Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Construction Machinery Battery Sales Value, 2020-2031
6.3.2 United States Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Construction Machinery Battery Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Construction Machinery Battery Sales Value, 2020-2031
6.4.2 Europe Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Construction Machinery Battery Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Construction Machinery Battery Sales Value, 2020-2031
6.5.2 China Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.5.3 China Construction Machinery Battery Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Construction Machinery Battery Sales Value, 2020-2031
6.6.2 Japan Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Construction Machinery Battery Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Construction Machinery Battery Sales Value, 2020-2031
6.7.2 South Korea Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Construction Machinery Battery Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Construction Machinery Battery Sales Value, 2020-2031
6.8.2 Southeast Asia Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Construction Machinery Battery Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Construction Machinery Battery Sales Value, 2020-2031
6.9.2 India Construction Machinery Battery Sales Value by Type (%), 2024 VS 2031
6.9.3 India Construction Machinery Battery Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 CATL
7.1.1 CATL Company Information
7.1.2 CATL Introduction and Business Overview
7.1.3 CATL Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 CATL Construction Machinery Battery Product Offerings
7.1.5 CATL Recent Development
7.2 EnerSys
7.2.1 EnerSys Company Information
7.2.2 EnerSys Introduction and Business Overview
7.2.3 EnerSys Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 EnerSys Construction Machinery Battery Product Offerings
7.2.5 EnerSys Recent Development
7.3 EVE Energy
7.3.1 EVE Energy Company Information
7.3.2 EVE Energy Introduction and Business Overview
7.3.3 EVE Energy Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 EVE Energy Construction Machinery Battery Product Offerings
7.3.5 EVE Energy Recent Development
7.4 Farasis Energy
7.4.1 Farasis Energy Company Information
7.4.2 Farasis Energy Introduction and Business Overview
7.4.3 Farasis Energy Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Farasis Energy Construction Machinery Battery Product Offerings
7.4.5 Farasis Energy Recent Development
7.5 Ruipu Energy
7.5.1 Ruipu Energy Company Information
7.5.2 Ruipu Energy Introduction and Business Overview
7.5.3 Ruipu Energy Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Ruipu Energy Construction Machinery Battery Product Offerings
7.5.5 Ruipu Energy Recent Development
7.6 GS Yuasa
7.6.1 GS Yuasa Company Information
7.6.2 GS Yuasa Introduction and Business Overview
7.6.3 GS Yuasa Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 GS Yuasa Construction Machinery Battery Product Offerings
7.6.5 GS Yuasa Recent Development
7.7 Hoppecke
7.7.1 Hoppecke Company Information
7.7.2 Hoppecke Introduction and Business Overview
7.7.3 Hoppecke Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Hoppecke Construction Machinery Battery Product Offerings
7.7.5 Hoppecke Recent Development
7.8 Gotion High-tech
7.8.1 Gotion High-tech Company Information
7.8.2 Gotion High-tech Introduction and Business Overview
7.8.3 Gotion High-tech Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Gotion High-tech Construction Machinery Battery Product Offerings
7.8.5 Gotion High-tech Recent Development
7.9 Resonac
7.9.1 Resonac Company Information
7.9.2 Resonac Introduction and Business Overview
7.9.3 Resonac Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Resonac Construction Machinery Battery Product Offerings
7.9.5 Resonac Recent Development
7.10 East Penn Manufacturing
7.10.1 East Penn Manufacturing Company Information
7.10.2 East Penn Manufacturing Introduction and Business Overview
7.10.3 East Penn Manufacturing Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 East Penn Manufacturing Construction Machinery Battery Product Offerings
7.10.5 East Penn Manufacturing Recent Development
7.11 Midac SpA
7.11.1 Midac SpA Company Information
7.11.2 Midac SpA Introduction and Business Overview
7.11.3 Midac SpA Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Midac SpA Construction Machinery Battery Product Offerings
7.11.5 Midac SpA Recent Development
7.12 CALB Group
7.12.1 CALB Group Company Information
7.12.2 CALB Group Introduction and Business Overview
7.12.3 CALB Group Construction Machinery Battery Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 CALB Group Construction Machinery Battery Product Offerings
7.12.5 CALB Group Recent Development
8 Industry Chain Analysis
8.1 Construction Machinery Battery Industrial Chain
8.2 Construction Machinery Battery Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Construction Machinery Battery Sales Model
8.5.2 Sales Channel
8.5.3 Construction Machinery Battery Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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