Batteries for Construction, Agriculture, and Mining Machines Market

The global batteries for construction, agriculture, and mining machines market size was USD 4.85 Billion in 2025 and is expected to register a revenue CAGR of 24.2% during the forecast period. Market revenue growth is supported by diesel off-road emissions compliance costs converging with maturing battery-electric alternatives: California's In-Use Off-Road Diesel-Fueled Fleets Regulation now lets fleets that add zero-emission equipment delay the phase-out of older diesel Tier equipment by two years, California's large spark-ignition forklift rule restricts new internal combustion forklift sales from 2026, and the European Union's Regulation (EU) 2016/1628 Stage V non-road mobile machinery emission standard continues to raise the compliance cost of new diesel engines across construction, agricultural, and mining equipment. Sandvik's record SEK 750 million battery-electric vehicle order from South32 for the Hermosa critical minerals project in Arizona, booked in the second quarter of 2025 and covering battery-electric trucks, loaders, bolters, and drills, is the clearest evidence that utility-scale procurement of battery-electric mining fleets, not just pilot demonstrations, is now underway. These are some of the key factors driving revenue growth of the market.

Excavators, wheel loaders, underground and surface mining haul trucks, agricultural tractors, and compact utility equipment such as skid steers and forklifts are the principal equipment categories constituting the battery demand for this market, with underground mining applications commanding a cost and safety premium because eliminating diesel exhaust also removes the primary driver of underground ventilation infrastructure cost. For instance, in June 2026, Caterpillar, United States, together with BHP and Rio Tinto, launched a trial of two Cat 793 XE Early Learner battery-electric haul trucks at BHP's Jimblebar iron ore mine in Western Australia's Pilbara region, following three months of on-site testing after extensive validation at Caterpillar's Tucson Proving Ground, with two of seven Early Learner battery-electric haul trucks Caterpillar has deployed globally now operating at Jimblebar. Equipment OEMs across all three end markets are increasingly pairing battery-electric machine launches with dedicated charging and energy infrastructure investment rather than treating the battery pack as a standalone component.

However, battery-electric construction, agriculture, and mining equipment remains constrained by duty-cycle and charging infrastructure limitations that keep most fleet deployments small relative to the installed base of diesel equipment. Caterpillar's Early Learner program spans only a handful of trucks per site despite years of development, and Komatsu's own power agnostic strategy treats battery power as one of several interchangeable power sources including trolley assist and hydrogen fuel cells precisely because no single power source has proven itself across the full range of mining duty cycles. Installed battery pack costs for ruggedized off-highway equipment remain well above passenger and light commercial vehicle benchmarks on a per-kilowatt-hour basis due to vibration, thermal, and ingress-protection engineering requirements, and charging infrastructure for remote agricultural and mining sites often requires dedicated grid connection or on-site generation investment that adds materially to total project cost. These factors substantially limit batteries for construction, agriculture, and mining machines market growth over the forecast period.

Based on application, the global market is segmented into construction equipment, surface mining equipment, underground mining equipment, agriculture machinery, and aggregates and quarrying equipment. The construction equipment segment commands the largest revenue share because excavators, wheel loaders, and compact equipment have the broadest addressable machine population and the shortest daily duty cycles among the five applications, making them the easiest category to electrify with current battery pack sizes, as evidenced by Volvo Construction Equipment's expanding electric excavator and wheel loader lineup and its June 2026 launch of the EWR150 Electric, its first battery-electric wheeled excavator, in Europe.

The underground mining equipment segment is expected to register a rapid revenue growth rate in the global market over the forecast period. Removing diesel exhaust from underground haul trucks and loaders eliminates the primary driver of a mine's ventilation infrastructure cost, and Sandvik's record SEK 750 million battery-electric vehicle order from South32 for the Hermosa project, together with Sandvik's battery-electric truck and loader deliveries to Eldorado Gold's Lamaque mine in Québec beginning in 2026, confirm that underground mining operators are now placing utility-scale battery-electric orders rather than single-unit pilots.

• 01What is the global batteries for construction, agriculture, and mining machines market size in 2025 and what CAGR is expected during 2026-2035?
• 02What record battery-electric equipment order did Sandvik receive from South32 in 2025 and what does it imply for underground mining electrification procurement?
• 03What battery-electric haul truck trial did Caterpillar launch with BHP and Rio Tinto in June 2026 at the Jimblebar mine in Western Australia?
• 04What milestone did Komatsu achieve in April 2026 with its FrontRunner autonomous haulage system and how does it relate to the company's power agnostic electrification strategy?
• 05What USD 40 million investment did Volvo Construction Equipment confirm in March 2026 and what does it signal about US demand for battery-electric construction equipment?
• 06How does California's In-Use Off-Road Diesel-Fueled Fleets Regulation reward fleets that add zero-emission equipment ahead of mandatory diesel Tier phase-out dates?
• 07What role does John Deere's acquisition of Kreisel Electric play in its development of the 130-horsepower E-Power electric tractor?
• 08Why do battery packs for underground and surface mining haul trucks remain priced well above passenger vehicle battery benchmarks on a per-kilowatt-hour basis?
• 09How does the EU's Regulation (EU) 2016/1628 Stage V non-road mobile machinery emission standard indirectly favor battery-electric construction and agricultural equipment?
• 10Why does Komatsu continue developing trolley assist and hydrogen fuel cell power alongside battery-electric trucks rather than committing to batteries alone for ultra-class mining haulage?

This report covers the global batteries for construction, agriculture, and mining machines market across all major segments and geographic regions. Primary research combines panel conversations with industry experts and is cross-referenced against company annual reports and government agency data. All market size figures use 2025 as the base year with a 2026-2035 forecast period.