Electric Excavators Market Size & Share, by Propulsion (Pure Electric, Hybrid); Product (Wheeled, Mini/ Compact, Crawler); End User (Construction, Mining, Forestry) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2973
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Companies Dominating the Electric Excavators Landscape

    • Caterpillar Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • J C Bamford Excavators Ltd.
    • AB Volvo
    • Doosan Bobcat
    • Deere & Company
    • Xuzhou Construction Machinery Group Co., Ltd
    • KUBOTA Corporation

Browse Key Market Insights with Data Illustration:


In The News

  • XCMG and Cummins collaborated to design and manufacture a 3.5-ton electric excavator as a propulsion demonstrator and potential future equipment solution. According to Cummins, the excavator can operate for a full eight hours a day on a charge of less than six hours. Due to short charging times, devices can be charged overnight, eliminating downtime and saving energy during off-peak hours.
  • Honda and Komatsu announced the start of joint development of electric microexcavators with removable batteries or a battery sharing system based on the Honda Mobile Power Pack (MPP). Honda MPP has the inherent advantage of allowing continuous use of the electric machine without having to recharge the battery.  PC01, equipped with Honda MPP, will streamline power distribution and improve consumer comfort.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 2973
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing evolution and development of several industries and growing technological advancements are some of the major factors anticipated to drive the growth of the electric excavator market.

The market is anticipated to attain a CAGR of 19% over the forecast period, i.e., 2024-2036.

The major players in the market are of J C Bamford Excavators Ltd., AB Volvo, Doosan Bobcat, Deere & Company, YANMAR HOLDINGS CO., LTD., Hitachi Construction Machinery Co., Ltd., and others.

The mini/ compact segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Europe is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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