Europe Electric Construction Equipment Market Report 2025-2030, with Company Profiles for Key Players Bobcat, Caterpillar, Volvo, Komatsu, Hitachi, Liebherr, JCB, Kobelco, Kubota and Wacker Neuson

MARKET TRENDS & DRIVERS

High Electrification Rate in Compact Construction Equipment

• European industry witnessed growth in electrification majorly in the compact construction equipment segment. There is a sharp demand for compact construction equipment such as mini excavators, wheel loaders, track loaders & telehandlers in the Europe electric construction equipment market.

• The reason for high electrification in the compact construction equipment segment as these machines are among the simplest to electrify. Their relatively modest power demands make it easier to develop electric alternatives compared to their larger counterparts.

• Additionally, due to their compact size, these machines can operate indoors whether in basements or during demolition which helps reduce emissions and improve health conditions.

Growing Demand for Electric Wheel Loaders in the Europe Electric Construction Equipment Market

• Wheel Loaders witnessed a high electrification rate in European countries in 2024. Electrification penetration of wheel loaders is expected to reach around 25% by 2030.

• Wheel loader is versatile equipment that can operate across construction, mining, & agriculture industries. The utilization of electric wheel loaders is higher as compared to other equipment in the Europe electric construction equipment market due to its extensive usage across different industries. Moreover, electric wheel loaders operate at mining sites that have ample space to install fixed high-power sources to charge wheel loaders.

Rise of Fossil Fuel-Free Construction Sites

• There is a growing demand for fossil-fuel-free construction sites across the European countries. The rise in fossil fuel construction sites is aligned with European government sustainability goals.

• Prominent cities like Helsinki, Oslo, Copenhagen, Vantaa, and Barcelona are dedicated to goals that require fossil-free construction machinery for public projects, striving to reduce emissions and promote the use of zero-emission construction equipment by 2025.

• In 2024, European countries have planned to reduce 20% of carbon emissions from construction machinery by 2025 and reduction of 50% of carbon emissions by 2030 in public projects. This encourages an immediate transition to cleaner technologies driving the Europe electric construction equipment market growth.

Government Support for Sustainable Battery Manufacturing

• The evolution of battery technology played a crucial role in promoting the Europe electric construction equipment market. Electrification of construction machinery is required to reduce carbon emissions and achieve the sustainability target set by the governments. Also, battery technology is required to improve energy density, power capacity, long life span, safety & ecological sustainability.

• Several new initiatives are being promoted by the European Government to support the battery production industry. For instance, Battery 2030+ is a European research initiative aimed at creating sustainable batteries in line with the European Green Deal. It emphasizes the swift discovery of battery interfaces and materials, the integration of cutting-edge functionalities, and interdisciplinary approaches for developing new chemistries.

INDUSTRY RESTRAINTS

Lack of Charging Infrastructure

• Lack of charging infrastructure is one of the major challenges that can impact the Europe electric construction equipment market growth. Urban construction sites currently do not have the essential electric charging infrastructure to support electric construction machinery. This presents a limitation, as the adoption of electric construction machinery in the industry may hinder the overall accessibility and practicality of these machines in urban locations.

• Several infrastructure development projects happen in underdeveloped regional locations. Therefore, establishing charging infrastructure can be costly due to the need for extensive electrical and network enhancements, limited electricity availability, and high installation expenses.

High Cost of Electric Construction Equipment

• Transitioning to electric construction machinery offers potential benefits for the construction sector, but it also entails significant initial costs. The increased initial expense of electric machinery is primarily due to expensive batteries and advanced technology, necessitating intricate engineering and costly materials. Furthermore, the limited production scale increases the unit costs, making electric equipment pricier than the well-established diesel technology.

• As per estimates from Volvo CE, a leading manufacturer of construction machines, the average cost of an electric mini excavator is around (~$66,000), whereas its diesel counterpart costs only ($26,000). Conventional machinery is priced at less than half that of electric models based on these average price points. The ownership cost of electric construction equipment is higher than diesel counterparts. Such factors can also hamper Europe electric construction equipment market growth.

VENDOR LANDSCAPE

Recent Developments in Europe Electric Construction Equipment Market:

• Hitachi Construction Machinery collaborated with a Dutch charging equipment maker and Japanese trading house, Itochu, on mobile charging systems for construction sites in October 2023.

• North Volt secured a USD 5 billion non-recourse project funding to expand North Volt Ett, marking the largest green loan in Europe in January 2024.

• Volvo Group completed the acquisition of the battery business of US-based Proterra Inc. in February 2024 for USD 210 million.

• Urban Mobility Systems (UMS) and Ampowr confirmed a partnership in May 2023 to provide advanced energy storage systems to various sectors.

• In February 2024, ACC – Automotive Cells Company secured USD 4.7 billion to build four new gigafactories (battery manufacturing plants) in Europe.

• In collaboration with Gotion High-Tech, ABB signed an MoU in December 2023 to support the development of large-scale lithium-ion battery factories for the European and US EV markets.

• At SaMoTer 2023, Bobcat unveils its latest products, including the robust T86 compact tracked loader catering to the compact track loader demand of Italy. Updates on the Ground Maintenance Equipment (GME) range are highlighted, featuring compact tractors, mini-track loaders, and more.

• Volvo is actively advancing its transition to electric machinery, aiming for 35% of machine sales to be electric by 2030. With one of the broadest electric ranges, the company stands out as the first to commit to converting its entire compact range to electric.

Key Company Profiles

• Bobcat

• Caterpillar

• Volvo Construction Equipment

• Komatsu

• Hitachi Construction Machinery

• Liebherr

• JCB

• Kobelco

• HD Hyundai Construction Equipment

• Kubota

• Wacker Neuson

Other Prominent Vendors

Component Suppliers

• ABB

• Eaton

• Ecovolta

• Epiroc

• Instagrid GmbH

• North Volt

KEY QUESTIONS ANSWERED

• How big is the Europe electric construction equipment market?

• Who are the key players in the Europe electric construction equipment market?

• What is the growth rate of the Europe electric construction equipment market?

• What are the trends in the Europe electric construction equipment industry?

• Which are the major component suppliers in the Europe electric construction equipment market?

Key Attributes:

Key Topics Covered:

1. Research Methodology

2. Research Objectives

3. Research Process

4. Introduction
4.1 Market Coverage
4.2 Report Scope

5. Market at a Glance

6 Executive Summary

7 Market Landscape
7.1 PESTEL Analysis
7.2 Economic Scenario
7.3 Key Projects
7.4 Market Dynamics
7.5 Value Chain Analysis

8 Segmentation
8.1 By Equipment Type (Volume & Value)

8.1.1 Equipment Definition

8.1.2 Battery Capacity Definition

• Below 50 kWh

• 50 kWh – 200 kWh

• 201 kWh – 500 kWh

• Above 500 kWh

8.1.3 Battery Type Definition

8.2 By End-users

• End-user Definition

• Construction

• Warehouse & Logistics

• Mining

• Others (Waste Management, Agriculture, Utilities, & Maintenance Work)

9. Geographical Analysis by Countries
9.1 Netherlands
9.2 Norway
9.3 Germany
9.4 UK
9.5 Sweden
9.6 France
9.7 Other European Countries

10 Technological Development

11 Competitive Landscape
11.1 Competitive Overview
11.2 Prominent Vendors
11.3 Other Prominent Vendors
11.4 Component Supplier

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