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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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Asia Pacific (APAC) OTR Tire Market - Europe OTR Tire Market - North America OTR Tire Market - Latin America OTR Tire Market

Asia Pacific (APAC) OTR Tire Market

According to 6Wresearch, Asia Pacific (APAC) OTR tire market size is expected to register substantial growth during 2019-25. This growth would be primarily driven by increasing transformation activities in some of the key developing countries such as India, China, Thailand, Indonesia, etc. The construction sector in the APAC region has witnessed huge investment, resulting in rising demand for construction equipment tires.

Europe OTR Tire Market 

According to 6Wresearch, Europe OTR tire market size is expected to register substantial growth during 2019-25. Growing investment by government in development projects as well as rising public private partnerships have resulted in increased demand for advanced vehicles, which in turn is driving the growth of OTR tire market in the region. The United Kingdom is one of the key markets of OTR tires in Europe primarily due to increasing construction, and mining activities in the country.

North America OTR Tire Market

According to 6Wresearch, North America OTR tire market size is expected to register growth during 2019-25. The growth is anticipated to be primarily driven by rising number of construction and infrastructure development projects in the region. Additionally, government initiatives as well as tax incentives for infrastructure and megaprojects in North America are further fueling the demand for OTR tires in the region.

Latin America OTR Tire Market

According to 6Wresearch, Latin America OTR tire market size is projected to witness considerable growth due to increasing demand from mining, industrial and construction verticals. Developing countries such as Mexico, Brazil and Argentina are witnessing consistent growth in demand for OTR tires primarily due to modernization of material handling techniques.

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