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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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Global Mobile Credential Reader Market | Middle East Low Voltage Switchgear Market | Jordan Electric Vehicle Market | GCC Video Surveillance Storage Market | UAE Electric Vehicle Market |Global E-Cigarette Market (2019-2025)

Global Mobile Credential Reader Market

Global Mobile Credential Reader market size is projected to grow at a CAGR of around 29% during 2019-25. The commercial segment is expected to witness the highest growth during the forecast period owing to growing commercialization, rise in government spending on education sector and strengthening tourism sector across the world. These factors would spur the demand for mobile credential readers over the coming years.

Middle East Low Voltage Switchgear Market

Middle East low voltage switchgear market size is projected to grow at a CAGR of 3.3% during 2019-25. The commercial segment is expected to witness the highest growth in future due to increasing government initiatives to strengthen the non-oil sector and diversify the economy by building new hotels, resorts, museums, hospitals and tourism related infrastructure. These factors would translate into an increase in the Middle East low voltage switchgear market share in the commercial domain.

Jordan Electric Vehicle Market

Jordan electric vehicle market size is projected to grow at a CAGR of 34.0% during 2019-25. Significant investment being made for the implementation of the Jordan National Vision 2025 initiative by the government to support green and clean energy projects such as installation of 3,000 charging stations in several parts of the country and lower taxes as compared to conventional and hybrid vehicles. This would further fuel the demand for electric vehicles in Jordan in future.

GCC Video Surveillance Storage Market

GCC video surveillance storage market size is projected to grow at a CAGR of 6.6% during 2019-25. Countries such as Saudi Arabia and UAE experienced a setback in GCC video surveillance storage market in 2015-17 due to decline in oil prices, resulting in halt in various construction projects. However, the market recovered from the year 2017 onwards. Expansion and construction of new hotels, shopping malls, and public infrastructures across the region spurred the demand for video surveillance systems market in GCC market. 

UAE Electric Vehicle Market

UAE electric vehicle market size is projected to grow at a CAGR of 32.1% during 2019-25. Under UAE Vision 2021, the government is encouraging the adoption of electric vehicles in the country. In addition to this, Dubai Electricity and Water Authority (DEWA) and Road Transport Authority (RTA) are working together for the development of electric vehicle market in the country by installing charging stations and providing incentives such as free parking and exemption from toll and registration fees.

Global E-Cigarette Market

Global e-cigarettes market size is projected to grow at a CAGR of 14.3% during 2019-25. Europe holds majority of the revenue and volume share in the overall e-cigarette market, by region. This is due to the fact that Europe has a significantly large smoking population and the social acceptance of e-cigarettes in the region is substantially high. North America is the second largest regional market after Europe.


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