Market Forecast By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, And Turkey), By Product (Excavators, Loaders, Dump Trucks, Others), By Application (Construction, Mining, Agriculture & Forestry, Others), And Competitive Landscape According to 6Wresearch, Middle East Earthmoving Equipment Market size is anticipated to witness growth during 2021-2027. Recent initiatives taken by governments of several countries to revive the region’s economy from a worldwide crisis would support the growth of the Earthmoving Equipment market in the Middle East region. For instance, the UAE Central Bank has allocated incentives for SMEs and local banks to revive and develop the construction sector of the region. Additionally, the central bank also declared to offer incentives through collateralized loans at zero cost to all banks operating in the UAE, as well as an additional incentive that would be freed up from lenders’ capital buffers. Mobile cranes and earthmoving equipment do
Pillow market in Saudi Arabia declined during 2014-17 due to falling consumer spending. However, the market is expected to bounce back post 2018 with rising consumer confidence. Though, the market declined during this time period but pillow manufacturers registered growth in demand at the time of festive season as compared to the non-festive season. In last two years, Saudi Arabia witnessed rise in cost of living and decline in consumer spending attributed to government reforms, changes in indirect tax policies and wage cuts. This factor has further shifted the consumer preference from high end premium quality pillow brands to lower priced pillows. Supply of new residential and hotels declined across the Kingdom owing to delay and cancellation of several projects. Furniture sales in Saudi Arabia weakened following the low demand in the midst of challenging environment.
According to 6Wresearch, Saudi Arabia Pillow Market is buoyed to grow at a CAGR of 7.2% during 2018-24. With stabilization of oil prices, the consumer buying pattern is expected to regain momentum, which would drive pillows market in Saudi Arabia. Residential and hotel construction activities are likely to pick up pace primarily as a result of government initiatives such as National Transformation Plan and establishment of National Center for Privatization, listing of further REITs (Real Estate Investment Trusts), taxation reforms, and a series of public-private partnerships.
"Saudi Arabia Pillow Market (2018-2024)" provides in-depth analysis with 35 figures and 13 tables covered in more than 90 pages. The report estimates and forecast the overall Saudi Arabia Pillow market by revenue, pillow types, applications, regions, and distribution channels. The report also offer key insights on competitive landscape, market share by companies, market trends, market drivers and restraints.
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