The UK construction equipment market size was valued at 57,227 units in 2023 and is expected to reach 65,010 units by 2029, growing at a CAGR of 2.15% from 2023 to 2029.

Snapshot img

Construction Equipment Market Size 2025-2029

The construction equipment market size is forecast to increase by USD 34 million at a CAGR of 4.3% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of new equipment launches. Manufacturers continue to innovate, introducing advanced technologies and improved designs to meet the evolving needs of the construction industry. A notable trend shaping the market is the rising adoption of electric construction equipment. Emission laws are pushing the industry towards cleaner solutions, such as hybrid dump trucks and autonomous machinery. Sustainability concerns and the need for reduced emissions are pushing contractors towards greener alternatives. However, challenges persist, including the high initial cost and maintenance requirements of construction equipment.
To capitalize on market opportunities, companies must focus on cost-effective solutions and financing options. Additionally, investing in research and development to improve equipment efficiency and reduce maintenance costs will be crucial for long-term success. Navigating these challenges requires a strategic approach, with a focus on innovation, cost optimization, and customer satisfaction. The market is poised for growth, with technological advancements and the integration of renewable energy sources shaping the future of the industry.

What will be the Size of the Construction Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market is experiencing significant shifts as sustainable projects gain traction, prioritizing equipment efficiency and reduced emissions. Diesel engines continue to dominate the sector, powering construction machinery for national highway projects and material handling. However, technological integration is driving innovation, with automated equipment, battery technology, and electric construction equipment gaining ground.

Infrastructure projects, including municipal services and road infrastructure, are also adopting sustainable practices, leading to increased demand for advanced construction equipment. Industrial applications of these technologies can increase efficiency, reduce labor costs, and enhance safety. Mining equipment technologies, like fuel-efficient equipment and smart mining solutions, can also contribute to cost savings and environmental sustainability.

How is this Construction Equipment Industry segmented?

The construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Owned equipment
  Rented equipment
  Leased equipment


Application

  Residential
  Infrastructure
  Commercial


Type

  Earthmoving equipment
  Material handling equipment
  Road construction equipment
  Concrete equipment
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The owned equipment segment is estimated to witness significant growth during the forecast period. The market encompasses a vast array of machinery and vehicles, with the owned equipment segment holding a substantial value. This segment includes excavators, loaders, skid steers, and other construction-specific small machinery, as well as trucks, trailers, and heavy-duty vehicles. Ownership of this equipment is typically achieved through outright purchase or other means, resulting in the equipment being primarily operated, maintained, and integrated into the workflow of the construction company or contractor. Long-term contracts for sustainable construction projects are driving the demand for advanced, energy-efficient machinery, such as electric excavators and backhoes, hydraulic excavators, and hybrid dump trucks.

The loader market is experiencing growth due to the increasing focus on material handling and automation in construction activities. Heavy machinery, including bulldozers and graders, is essential for infrastructure projects, while forklifts are integral to commercial infrastructure and housing projects. Automated equipment, such as autonomous construction machinery and trenchers, is gaining traction in the industry, contributing to increased productivity and efficiency. Ozone emissions and greenhouse gas concerns are leading to the adoption of sustainable projects and the integration of technological advancements, like smart construction equipment and modular construction methods. Construction machinery leasing and rental services ar

The Market is valued at USD 1.3 Billion in 2025 and is projected to grow at a CAGR of 1.6% reaching USD 1.6 Billion in 2035. Changing infrastructure needs, net-zero carbon goals, and new residential development in prime markets are driving stable demand for smaller equipment with reduced noise and emissions.

Metric	Value
Industry Size (2025E)	USD 1.3 Billion
Industry Value (2035F)	USD 1.6 Billion
CAGR (2025 to 2035)	1.6%

City Wise Analysis

City	CAGR (2025 to 2035)
Greater London	1.4%

City	CAGR (2025 to 2035)
Scotland	1.5%

City	CAGR (2025 to 2035)
Wales	1.2%

City	CAGR (2025 to 2035)
Yorkshire and the Humber	1.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
JCB Ltd. (UK)	25-30%
Kubota UK	15-20%
Takeuchi Mfg. UK Ltd.	10-15%
Hitachi Construction Machinery UK	5-10%
Other Companies	25-35%

Mining, quarrying and construction equipment manufacturers produce earthmoving equipment, excavators and processing machines. Manufacturers operate in a globalised market because machinery is sent to both domestic and international dealers. Construction activity in Europe influences the industry's performance with over half of UK produced machinery sold to EU countries. Revenue is forecast to rise at a compound annual rate of 0.5% to £5.8 billion over the five years through 2023-24. This includes a projected growth of 4.9% in 2023-24, benefiting from rising investment in construction markets. The industry's success hinges on government funding that fuels the construction industry to build more homes across the UK. Fluctuating crude oil prices affect investment in drilling rigs, a primary machinery in the industry. Revenue plunged in 2020-21 because the pandemic led to a sharp decline in demand for machinery in domestic and foreign markets. Manufacturers ceased production, reducing output in the year. The combined squeezed demand and higher input costs decimated the average industry profit margin. Output rose in 2022-23 driven by higher sales of earthmoving equipment, telehandlers and wheeled loaders. According to the CEA, sales of construction and earthmoving shot up by 10% in January 2023, when compared to the same month in 2022. The expansion in foreign orders is driving revenue for manufacturers in 2023-24. Revenue is forecast to increase at a compound annual rate of 2.1% to £6.4 billion over the five years through 2028-29, with a rising average profit margin. Exports will continue growing benefiting from investment in new construction projects and plans to enhance energy efficiency, boosting sales of oil rigs. Opportunities to sell to the residential construction market will be bolstered by more funding provided under the Affordable Homes Programme to increase the supply of homes until 2025.

Snapshot img

Heavy Construction Equipment Market Size 2025-2029

The heavy construction equipment market size is forecast to increase by USD 49.7 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, driven by increased investment in infrastructure projects worldwide. This trend is expected to continue, creating lucrative opportunities for market participants. Fuel alternatives, including diesel engines and hydraulic systems, are essential components of heavy construction machinery. The secondhand machine market is also expanding, providing an affordable alternative for companies seeking to acquire equipment without the high upfront costs of new machinery.
Strategic partnerships, innovation, and operational efficiency are essential for success in the market. However, challenges persist in the form of intense competition, increasing raw material prices, and regulatory compliance, which may impact profitability. Companies must navigate these challenges effectively to capitalize on the market's potential and maintain a competitive edge. Manufacturing processes incorporate advanced engineering and quality control measures, while supply chain efficiency is enhanced through fleet management and raw materials sourcing strategies. Technological advances, including the adoption of battery technology, telematics, and automation, are driving innovation and improving efficiency, safety, and sustainability in the industry.

What will be the Size of the Heavy Construction Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the market, product lifecycle management plays a crucial role in ensuring optimal performance and longevity of machinery. Dealers maintain a robust network to provide site preparation services, monitoring systems, parts distribution, and project management solutions. Equipment financing options facilitate the acquisition of new machinery, while used equipment market participation offers cost-effective alternatives. Control valves, hydraulic pumps, and braking system components are essential components undergoing rigorous compliance testing to meet industry standards. Safety systems and operator interface design are increasingly prioritized for worksite logistics and demolition techniques.
Customer service, spare parts supply, and technical support are integral to maintaining a competitive edge. Certification bodies and training programs ensure adherence to safety and standards compliance, while field testing and compliance testing are critical aspects of the product development cycle. The integration of monitoring systems and technical support enhances overall equipment performance and reliability. Another key driver is the growing trend of construction equipment rentals, which offers flexibility and cost savings for businesses.

How is this Heavy Construction Equipment Industry segmented?

The heavy construction equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Earthmoving equipment
  Material handling equipment
  Heavy construction vehicles
  Others


Application

  Excavation and demolition
  Heavy lifting
  Material handling
  Tunneling
  Others


Propulsion

  ICE
  Electric


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The earthmoving equipment segment is estimated to witness significant growth during the forecast period. The market encompasses machinery utilized for carrying, digging, spreading, or moving earth and materials. Key equipment in this sector includes excavators, loaders, dozers, and motor graders. Operating costs are a significant consideration for businesses in this industry, making aftermarket parts essential for maintaining equipment and maximizing return on investment. Software solutions and IoT sensors enhance machine performance and efficiency, while electric motors and remote control capabilities offer environmental benefits and increased safety. Infrastructure projects, driven by both public and private investment, provide opportunities for growth. Rapid urbanization, particularly in developing countries like China and India, is increasing the demand for heavy construction equipment due to the emergence of megacities.

Safety regulations and rental services ensure accessibility to various businesses. Transmission systems, lifting capacity, GPS guidance, and emission standards are crucial performance metrics. Specialized t

The UK construction equipment rental market is expected to reach USD 5.57 billion by 2029 from USD 3.82 billion in 2022, growing at a CAGR of 5.54%.

Construction companies rent or lease equipment to minimise costs, providing opportunities for machinery suppliers. Equipment providers' fortunes are strongly tied to the construction sector, with the residential market a primary driver of sales. Funding for large-scale projects like HS2 and London’s Crossrail provided both long- and short-term demand for construction equipment suppliers as commercial construction output has recovered in recent years. Revenue is projected to climb at a compound annual rate of 1.5% over the five years through 2024-25 to £9 billion, including an expected 2% hike in 2024-25. The average industry profit margin is set to fall to 7.9% in 2024-25.

Revenue dropped in 2020-21 as the pandemic put the brakes on on-site construction work, reducing the need for construction machinery. The volume of new residential construction work is falling because of a hike in interest rates, causing more people to delay home purchases. The hike in funding by the government for more housebuilding and the Help to Buy scheme, which ended in March 2023, led to a resurgence in residential construction activity, boosting sales for construction equipment suppliers. Before the end of the programme, residential construction contractors brought forward projects to enjoy funding from the Help to Buy scheme, boosting orders for construction machinery rentals. Construction activity is rising in 2024-25, aided by a jump in housebuilding and elevated investment in commercial construction projects. According to the ONS, construction output expanded by 0.4% in the three months to January 2025.
Revenue is forecast to climb at a compound annual rate of 3% over the five years through 2029-30 to £10.5 billion. Funding for more homebuilding, like the £3 billion fund that aims to build 300,000 homes in England annually until 2025-26, will propel sales for construction machinery. The government is targeting the construction of 1.5 million homes by 2030 to address the shortage of affordable homes, further providing opportunities for equipment providers. Work on large infrastructure projects like HS2 and the Thames Tideway Tunnel will provide a steady revenue stream for equipment providers. Profitability is set to benefit from rising demand and a healthy construction sector despite companies on track to pour funds into more environmentally friendly powered equipment.

In 2021, some 6,300 crawler excavators were sold in the United Kingdom. Known as general-purpose excavators, this type of construction equipment is used to drill sites, bulldoze structures and surfaces, and hoist heavy objects. In that same year, over 36,000 units of construction equipment were sold in country.

The U.K. compact construction equipment market was valued at 36,143 units in 2022 and is expected to reach 48,505 units by 2029, growing at a CAGR of 4.29%.

United Kingdom Construction equipment Rental market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

Snapshot img

Europe Construction Equipment Market Size 2025-2029

The construction equipment market size in Europe is forecast to increase by USD 6.91 billion at a CAGR of 3.9% between 2024 and 2029.

The European construction equipment market is experiencing significant growth, driven by increasing government infrastructure investments and the rising demand for electric construction equipment. These trends are shaping the industry landscape, with electric equipment gaining traction due to its environmental benefits and cost savings over time. The construction equipment landscape is further shaped by the ongoing development of green city projects and the integration of steel and real estate investments. However, the high cost associated with purchasing and maintaining construction equipment remains a challenge for market participants.


As governments continue to invest in infrastructure projects and the push for sustainability intensifies, the European construction equipment market is poised for continued growth. Companies in this sector must navigate these trends and address cost concerns to remain competitive and capture market share. Urban expansion, including high-rise apartments, is driving the use of concrete mixer, motor grader, and loaders and backhoe combinations for efficient site preparation.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The European construction equipment market encompasses various sectors, including IoT-enabled light-duty vehicles, telescopic handling solutions, and OEMs specializing in construction machinery and non-road mobile machinery. This dynamic industry embraces advanced technologies such as automation, AI-driven analytics, virtual reality, and augmented reality. Major players in this domain include Mack Trucks, focusing on IC engine technologies, and those developing AI-based twin technology for earthmoving machinery like excavators and loaders. The housing sector and infrastructure projects fuel market growth, with emission norms driving the adoption of diesel particulate filters and engine technologies. Inland waterway vessels and railroad engines also contribute to the market's diversity, while the transportation sector's increasing focus on green city projects further propels innovation.


Trends include the integration of telemetry data and real-time analytics, enabling predictive maintenance and optimization of telescopic handling and crane performance. Moreover, the market witnesses the emergence of autonomous machinery and AI-driven analytics in earthmoving machinery, excavators, and loaders and backhoes. The future of construction equipment lies in the seamless integration of technology and sustainability, ensuring efficient, cost-effective, and eco-friendly solutions for the industry.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Commercial
  Residential
  Infrastructure


Product

  Earthmoving equipment
  Material handling equipment
  Concrete equipment
  Road construction equipment
  Others


Fuel Type

  Diesel
  Gasoline
  Others


Engine Capacity

  Up to 250 HP
  250 to 500 HP
  More than 500 HP


Geography

  Europe

    France
    Germany
    Italy
    UK

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period. The European construction industry has witnessed substantial growth, leading to a heightened demand for construction equipment. This trend is driven by various factors, including urbanization, infrastructure development, and increased construction activity. Consequently, the market for construction machinery, including Truck Mounted Cranes, Compact electric excavators, and Earth moving equipment, has experienced significant growth. For instance, the construction of the Nord Stream 2 pipelines in Germany necessitated the use of specialized equipment such as cranes, excavators, and concrete pumps. Furthermore, the housing sector's recovery and the development of Green City Projects have fueled the demand for Construction machinery, Motor Graders, Concrete Mixers, and other equipment.

The European construction equipment market is experiencing significant growth, driven by increasing government infrastructure investments and the rising demand for electric construction equipment. Digitalization and automation have also influenced the market, with AI-driven analytics, IoT, and virtual reality technologies being integrated into various equipment types. The European construction industry's sustainability goals have led to the adoption of IC Engines, Diesel particulate filters, and other emission cont

UK Construction Equipment Rental Market focuses on the provision of construction machinery and equipment on a rental basis.

UK used construction equipment market was estimated at USD 508.8 million in 2021 and expected to reach USD 624.3 million by 2028, growing at a CAGR of 2.97%.

Snapshot img

Construction Machinery Market Size 2025-2029

The construction machinery market size is forecast to increase by USD 39.8 billion, at a CAGR of 3.9% between 2024 and 2029.

The market is experiencing significant growth, driven by increased investment in infrastructure projects worldwide. This trend is expected to continue, creating ample opportunities for market participants. Another key driver is the growing trend of construction equipment rentals, which offers flexibility and cost savings for businesses. The secondhand machine industry is also expanding, providing an affordable alternative for small and medium-sized enterprises. However, the market faces challenges, including the high initial investment costs for new machinery and the increasing demand for energy-efficient and environmentally friendly equipment.
Additionally, the volatility of raw material prices and economic instability in certain regions pose significant risks. To capitalize on opportunities and navigate challenges effectively, companies must focus on innovation, cost efficiency, and sustainability. Investing in research and development of energy-efficient machinery and exploring rental business models can help businesses stay competitive and profitable in the evolving the market.

What will be the Size of the Construction Machinery Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

Compaction equipment and concrete mixers ensure optimal construction site conditions, while haul trucks and rental services offer flexibility for businesses. Lifting capacity and safety features are essential for motor graders and crawler tractors, and aftermarket parts and transmission systems ensure seamless operation. GPS guidance and maintenance schedules optimize productivity, and tire pressure monitoring enhances safety. Environmental impact is a growing concern, with hydraulic breakers and diesel engines adhering to emission standards. Hydraulic systems and safety features are essential for ensuring optimal performance and worker safety. A robust dealer network and operating weight specifications provide businesses with the necessary support and flexibility to meet their unique needs. Boom length and bucket capacity are essential considerations for various applications, and emission standards continue to evolve, driving innovation in the market.

How is this Construction Machinery Industry segmented?

The construction machinery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Commercial
  Residential
  Infrastructure


Product

  Earthmoving machinery
  Material handling machinery
  Concrete and road construction machinery
  Others


End-user

  Public works
  Mining
  Oil and gas


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period.

The market encompasses a range of equipment used in various applications, including terrain adaptation, material handling, heavy lifting, site preparation, road construction, and infrastructure development. Hydraulic fluid plays a crucial role in the smooth operation of these machines, while remote control technology enhances efficiency and safety. Lease agreements offer flexible financing options for businesses, enabling them to manage operating costs effectively. Payload capacity and lifting capacity are essential considerations for machines used in heavy lifting tasks, such as cranes and excavators. Ground engaging tools and undercarriage components require regular maintenance and replacement, contributing to the demand for wear parts and parts supply.

Waste management equipment, such as concrete mixers and compactors, are integral to the construction process. Engine power and fuel consumption are significant factors in the selection and operation of construction machinery. Environmental impact and safety features are increasingly important considerations, with emission standards and tire pressure monitoring systems becoming standard features. Autonomous systems and precision control technologies are driving innovation in the market, enabling increased productivity and efficiency. In the commercial segment, the construction of commercial buildings, such as offices, hotels, and schools, is expected to drive market growth. Infrastructure development projects, including road construction and soil stabilization, are also significant c

The global market size of Construction Equipment & Heavy Equipment is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Construction Equipment & Heavy Equipment Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Construction Equipment & Heavy Equipment industry. The key insights of the report:
1.The report provides key statistics on the market status of the Construction Equipment & Heavy Equipment manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Construction Equipment & Heavy Equipment industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Construction Equipment & Heavy Equipment Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Construction Equipment & Heavy Equipment as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Construction Equipment & Heavy Equipment market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

In 2021, over 36,000 units of construction equipment were sold in the United Kingdom. This was almost a 48 percent increase compared to the number of construction equipment sold in the country in the previous year.

Number of Businesses statistics on the Construction Equipment Rental & Leasing industry in United Kingdom

Europe’s Mining, Quarrying and Construction Machinery Manufacturing industry produces earthmoving equipment, excavators and processing machinery. Performance is tied closely to construction and mining activity. Depressed construction activity in countries like France, Czech Republic and Hungary punctures the need for construction equipment. Nevertheless, the need to address housing shortages and build smarter homes across the continent ensures a high volume of work, boosting orders for diggers and excavators. Revenue is forecast to slump at a compound annual rate of 4.9% to €57.2 billion over the five years through 2024. Rising house prices and rising disposable income lifted construction activity leading up to the pandemic, resulting in revenue growth for construction machinery makers. The disruption to on-site construction activity caused by the pandemic dented construction and drilling equipment sales across the continent. High interest rates and soaring building costs have drastically reduced new building projects in Europe, directly affecting construction equipment. Government funding and policies to build more homes and enhance energy efficiency in Europe are elevating the volume of construction work, driving manufacturers' sales. However, revenue is hurt by more companies turning to leasing and renting construction equipment for short- and long-term projects. The drive to reduce reliance on Russian energy is elevating funding for renewable projects. More investment in drilling will drive orders for excavators, earthmoving equipment and drilling rigs, relieving the pressure on revenue, which is projected to drop by 5% in 2024.
Revenue is forecast to climb at a compound annual rate of 1.9% to €62.9 billion over the five years through 2029. Construction activity is set to remain sluggish in the short term due to cautious investors but government funding for several construction projects will raise the need for construction machinery.

Learn about the increasing demand for construction equipment blades in the UK and how the market is expected to grow over the next decade. Find out about the projected market volume and value by the end of 2035.

According to Cognitive Market Research, the Global Electric Construction Equipment Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

Based on Equipment Type, the Excavator segment will dominate the global Electric Construction Equipment market in the year 2023. Based on Equipment type, the market is divided into forklifts, excavators, loaders, cranes, rollers, and others.
Based on Application, the Commercial segment dominated the global Electric Construction Equipment market. Based on Application, the global Electric Construction Equipment market is segmented into residential, commercial, and industrial. 
Based on Battery Type, the lithium-ion segment dominated the global Electric Construction Equipment market. Based on Battery Type, the global Electric Construction Equipment market is segmented into lithium-ion, lead acid, Nickel-based Batteries and others
Based on Battery Capacity, the High Capacity (Above 200 kWh) segment dominated the global Electric Construction Equipment market. Based on Battery Capacity, the global Electric Construction Equipment market is segmented into Low Capacity (Below 50 kWh), Medium Capacity (50-200 kWh), High Capacity (Above 200 kWh)
Based on Propulsion, the High Capacity (Above 200 kWh) segment dominated the global Electric Construction Equipment market. Based on Propulsion, the global Electric Construction Equipment market is segmented into NGVs, hybrid electric vehicles (HEVs), and plug-in hybrid electric cars (PHEVs)
The North American region accounted for the highest market share in the Global Electric Construction Equipment Market. 
Over the course of the projection period, Europe is expected to increase at the fastest rate.

CURRENT SCENARIO OF THE ELECTRIC CONSTRUCTION EQUIPMENT MARKET

Key factors driving the growth of the Electric Construction Equipment Market

Rising demand for low-noise construction activities in residential areas would drive the demand for electric construction vehicles market

Increased noise pollution issues brought about by the boom in construction activity inside city limits have resulted in stricter rules in several major cities. This noise is mostly caused by diesel-powered construction equipment, which is detrimental to public health and quiet in cities. Cities like Oslo and London are leading the way in enforcing laws requiring electric equipment on public building sites in an effort to reduce pollution and noise. This action fits in with larger initiatives to lessen automobile pollution in residential areas in London and Paris. Numerous corporations, such as Volvo, have equipment specifically engineered for environments with low decibel levels. These devices prioritise producing less noise, which makes them appropriate for settings where noise abatement is essential.

For example, JCB offers a variety of construction equipment models designed to function silently, reducing noise disturbances in regions where noise is a concern, such metropolitan areas or residential zones. A more productive environment is ensured by the JCB 403E wheel loader. It reduces tiredness, improves communication, and allows for continuous work, making it perfect for noisy environments like hospitals or schools.

The desire for electric construction equipment has increased as a result of the noise limitations. During the day, work can be done inside city limits because to the electric equipment' improved operational efficiency and compliance with noise limits. Large manufacturers are launching small electric machines designed for city environments that are safe, comfortable, and meet noise regulations. Quieter operations enhance employee wellbeing and lessen operator fatigue, which may lead to an increase in work opportunities in noisy environments. In the end, switching to electric equipment is compliant with laws, increases worker happiness, and facilitates bidding on projects that are restricted because of noise issues.

The road and vehicle noise causes serious health problems for 44% of the population in Europe. According to Research, 17,000 people in the UK alone suffer from hearing loss, ringing in the ears, or other ear disorders as a result of excessive noise. (Source;https://www.hse.gov.uk/noise/keyfacts.htm#:~:text=Hearing%20loss%20caused%20by%20exposure,p...