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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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UAE 3D Printing Market | Saudi Arabia Solar Panel Market | India Interactive Kiosk Market | India Solar Inverter Market | UAE Construction Equipment Rental Market (2018-2024)

UAE 3D Printing Market

UAE 3D printing market size is projected to grow at a CAGR of 55.3% from 2018 to 2024. The architecture sector is the highest revenue generating sector for 3D printing market in UAE. Binder jetting is the most widely used technology for architectural modelling. In addition, over the coming years, architectural sector is likely to record higher growth, majorly driven by booming construction market in UAE. Additionally, more than $160 billion new projects were awarded for next 3 years. The consumer sector comes second in terms of revenue generation, driven by rising awareness and inclination towards new technology adoption among customers.

Saudi Arabia Solar Panel Market

Saudi Arabia Solar Panel market size is projected to grow at a CAGR of 30.2% during 2018-24. Saudi Arabia is likely to ramp up spending on renewable energy sector. Spending on solar energy is growing tremendously over the past few years. For instance, Saudi Arabia has signed a memorandum of understanding (MoU) with SoftBank Group to build world largest solar project of 200 GW worth $200 Billion by 2030, which would positively impact the solar panel market in coming years.

India Interactive Kiosk Market

India Interactive Kiosk Market Size is projected to grow at a CAGR over 17% during 2018-24. The BFSI vertical bagged highest revenue share in 2017. In addition, the vertical is likely to continue its dominance over the coming years owing to preference of Indian consumers to visit bank kiosk solutions instead of bank branch. Major players in India Interactive Kiosk Market Share are Diebold, Forbes, NCR and 3M.

India Solar Inverter Market

India Solar Inverter Market Size is projected to grow at a CAGR over 25% during 2018-2024. The market is dominated by utility sector owing to its large scale solar projects deploying large number of solar inverters. Further, commercial segment is anticipated to exhibit highest growth rate during the forecast period. The high growth is attributed to growing solar installations across educational institutes, offices, factories, hospitals, and warehouses. In addition, residential segment is also registering significant growth with focus on sustainable development and to overlay the rising power cost in the country. Government initiatives such as Smart City project, development of solar parks, and solar energy subsidy scheme would further accelerate the adoption of solar installations across residential and commercial segments.

UAE Construction Equipment Rental Market

UAE construction equipment rental market size is projected to grow at a CAGR of 3.3% during 2018-24. Purchasing a construction equipment often requires a significant initial investment which could divert a large portion of the capital from the operating costs. In order to avoid buying new equipment and evade maintenance, licensing, taxation and transportation expenses, construction companies in UAE are opting for rental option. Currently, residential, transportation and hospitality sectors accounts for majority of the revenue share in the overall construction equipment rental market followed by industrial and oil & gas sectors.

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