U.S. Electric Construction Equipment Market Size Worth USD 26.83 Billion by 2034 | CAGR: 22.78%

The U.S. electric construction equipment market size is expected to reach USD 26.83 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Electric Construction Equipment Market Share, Size, Trends, Industry Analysis Report By Equipment (Excavators, Loaders), By Battery Capacity, By Battery Technology, By Power Source, By End-Use Industry; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Electric construction equipment refers to machinery used in construction projects that is powered by electricity instead of traditional fossil fuels, such as diesel or gasoline. This category includes equipment such as excavators, loaders, bulldozers, cranes, forklifts, and compactors, as well as smaller tools, including drills and saws. Electric construction equipment is gaining popularity due to its environmental benefits, including reduced greenhouse gas emissions, lower noise levels, and improved air quality on job sites. Additionally, these machines have lower operating costs as they operate on electricity and a battery, and electricity is cheaper than diesel in many regions. However, challenges such as limited battery life, longer charging times, and higher upfront costs remain barriers to widespread adoption. Despite these hurdles, advancements in battery technology and growing regulatory pressures for cleaner construction practices are driving the shift toward electrification in the construction industry.

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The U.S. electric construction equipment market is expanding as the construction industry seeks sustainable alternatives to meet environmental regulations and corporate sustainability goals. Major manufacturers, including Caterpillar, Komatsu, and Volvo CE, are introducing electric models of excavators, loaders, and other heavy machinery. Government incentives, such as tax credits and grants under the Inflation Reduction Act, are also accelerating adoption. Urban construction projects, where noise and emissions are critical concerns, are early adopters of electric equipment. However, challenges such as inadequate charging infrastructure and high initial costs hinder rapid growth.

Top of FormU.S. Electric Construction Equipment Market Report Highlights

• In terms of equipment, the excavators segment held the largest U.S. electric construction equipment market share in 2024 due to their widespread use in both urban and rural infrastructure development projects.
• Based on battery capacity, the 50 kWh to 200 kWh segment dominated the revenue share in 2024 due to its suitability for a wide range of mid-sized construction machines such as electric excavators, loaders, and compact dump trucks.
• In terms of battery technology, the lithium-ion segment accounted for a major revenue share in 2024 due to its superior energy density, longer lifespan, and faster charging capabilities compared to other battery types.
• Based on power source, the battery electric vehicles (BEV) segment held the largest revenue share in 2024 due to their zero-emission operation, lower maintenance requirements, and compatibility with clean energy goals set by federal and state authorities.
• A few key companies in the U.S. electric construction equipment market include Bobcat, Caterpillar Inc., HD Hyundai Construction Equipment, Hitachi Construction Machinery Americas Inc., JCB, Kobelco, Komatsu, Kubota, Liebherr Group, SANY, Volvo, Wacker Neuson, and Xuzhou Construction Machinery Group (XCMG).

Polaris Market Research has segmented the market report on the basis of equipment, battery capacity, battery technology, power source, and end-use industry:

By Equipment Outlook (Revenue, USD Billion, 2020–2034)

• Excavators
• Loaders
• Bulldozers
• Cranes
• Dump trucks
• Roller
• Others

By Battery Capacity Outlook (Revenue, USD Billion, 2020–2034)

• Less Than 50 kWh
• 50 kWh to 200 kWh
• More Than 200 kWh

By Battery Technology Outlook (Revenue, USD Billion, 2020–2034)

• Lead-Acid
• Lithium-Ion
• Nickel-Metal Hydride

By Power Source Outlook (Revenue, USD Billion, 2020–2034)

• Battery Electric Vehicles (BEV)
• Plug-in Hybrid Electric Vehicles (PHEV)

By End-Use Industry Outlook (Revenue, USD Billion, 2020–2034)

• Construction
• Mining
• Material Handling
• Agriculture
• Others