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Middle East Earthmoving Equipment Market (2021-2027)

  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
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Africa Diesel Genset Market | India Point of Sale (POS) Terminal Market | Australia & New Zealand Elevator & Escalator Market | India LED Lighting Market | Latin America Asphalt Paver Market (2017-2023)

Africa Diesel Genset Market

Africa diesel generator market size is projected to grow at a CAGR of 4.6% during 2017-23. In Africa, diesel gensets with rating 5KVA-75KVA accounted for majority of the market volume share due to low electrification rate, growing residential and construction sector. 5KVA-75KVA rating gensets are expected to maintain their dominance in the market throughout the forecast period in-terms of market volume. Growth in mining and oil & gas exploration in countries such as Tanzania, Ghana and Nigeria would also spur demand of diesel gensets in Africa. 

India Point of Sale (POS) Terminal Market

India POS Terminals Market size is projected to grow at a CAGR of over 16% from 2017 to 2023. In POS terminal market, portable POS terminal segment recorded highest revenue share in the overall India POS terminals market share in 2016 owing to its major deployment in several end user markets such as hospitality, government, and retail. Other POS terminals consist of countertop, mPOS, PIN Pad, and multimedia, wherein mPOS is registering positive growth year-over-year owing to its ease of accessibility and low cost of installation and availability on a monthly rental basis.

Australia & New Zealand Elevator & Escalator Market

Australia & New Zealand elevator & escalator market size is expected to grow at a CAGR of 4.4% during 2017-23. In last two years, Economic slowdown, decline in export revenues and government infrastructural development projects coupled with the depreciating currency in ANZ have affected the demand for elevators and escalators in the region. However, Increasing FDI and infrastructural development projects will increase the demand for Australia & New Zealand elevator & escalator market forecast revenues over the coming years. Amongst all verticals, commercial vertical acquired highest revenue share of the market pie in the region. Over the next six years, residential vertical is forecast to grow at higher CAGR during 2017 to 2023.

India LED Lighting Market

India LED Lighting market size is projected to grow at a CAGR of 26.6% during 2017-23. The Government of India launched an initiative in 2016 to replace conventional lights by LED lights by deploying 770 million bulbs and 35 million street lights by 2019. Further, under DeenDayal Upadhyaya Gram Jyoti Yojana (DDUGJY), 273 lakhs LED bulbs have to be distributed to BPL households. Additionally, prices of LED lights are also expected to decline in the coming years, which would drive the growth of the market over the next six years. 

Latin America Asphalt Paver Market

Latin America asphalt paver market size is projected to grow at a CAGR of 4.8% during 2017-22. In 2016, tracked pavers accounted for highest volume share in almost all the countries across Latin America, with hydrostatic technology being the primary choice of contractors. During 2017-22, the market for tracked paver is further expected to grow on account of higher traction and greater stability. On the other hand, wheeled pavers are used in areas where higher mobility is the key concern of the project development.

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