Compact Electric Construction Equipment Market Worth $138.7 Billion By 2030

Compact Electric Construction Equipment Market Growth & Trends

Compact Electric Construction Equipment Market Report Highlights

  • The forklift segment dominated the market in 2021. The segment is expected to witness progressive demand, due to the high demand for compact and eco-friendly forklifts from the warehouse industry for material handling applications
  • The below 5-ton segment is expected to register a CAGR exceeding 13% over the forecast period. This growth can be attributed to the ban on sales of ICE vehicles and increasing investment by major players in the development of mini excavators as they tend to be less costly compared to large excavators
  • The Asia Pacific region is expected to witness faster growth over the forecast period. It is ascribed to favorable government policies to boost infrastructure projects across emerging economies such as India, China, and Southeast Asian countries

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Rajesh Varma

Hello guys I am Market Research Analyst @ Grand View Research, preparing and publish research report on Technology, Next Generation Technologies