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Electric Construction Vehicles Market

Global Electric Construction Vehicles Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Propulsion Type Coverage, By Charging Type Coverage, By Product Type Coverage, By Geographic Coverage and By Company)

Published Date: Aug 2023 | Format: | No. of Pages: 240

Industry: Automotive & Transport | Author Name: Harshad

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Report Description Research Methodology

FAQ : Electric Construction Vehicles Market

The global electric construction vehicles market revenue is projected to reach approximately US$35.8 Bn toward the end of 2030.

The market is poised to witness a substantial CAGR of 21.8% between the years of forecast, 2023 and 2030.

Plug-in hybrid and hybrid electric vehicles remain dominant in sales. The fast-charging battery category will dominate the electric construction vehicles market over the forecast period. On the other hand, excavators and loaders will maintain a significant market positioning as preferred equipment through the end of forecast year.

Electric construction vehicles market will continue to witness dominance of Europe. The market in Asia Pacific is however expected to exhibit significant growth through the end of 2030.

Hitachi, Caterpillar, John Deere, Volvo, and Atlas Copco are the big five steering the competition landscape of the global electric construction vehicles industry.
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