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
Asia Pacific (APAC) Passive Fire Protection Market | Global Passive Fire Protection Market | Europe Passive Fire Protection Market | Middle East & Africa (MEA) Passive Fire Protection Market (2019-2025)
Asia Pacific (APAC) Passive Fire Protection Market
Asia Pacific (APAC) passive fire protection market size is projected to witness considerable growth during 2019-25. On basis of applications, warehousing sector is expected to experience maximum growth owing to the growing demand for well-organized inventory management. Simultaneously, the recent spur in the R&D activities to reinforce the non-combustible products has compelled many end-user industries including oil and gas, transportation, manufacturing, and warehousing to use these materials to restrict fire incidences.
Global Passive Fire Protection Market
Global passive fire protection market size is projected to witness growth due to stringent government policies across various countries towards fire safety would result in growth of passive fire protection market during 2019-25. Further, North America, Europe and APAC are the key regions registering maximum installations of fire protection system globally; US holds the major share in market revenue pie owing to the gas exploration incidences in the country resulting in strict government policies.
Europe Passive Fire Protection Market
Europe passive fire protection market size is anticipated to record significant growth during 2019-25. On basis of product type, cementitious materials are expected to be major product segment owing to its enhanced properties such as superior abrasion, impact resistance, and high thickness attainability in a single coat with nominal spray rebound. Additionally, excellent adhesion to a range of metal substrate surfaces is likely to fuel demand for Europe passive fire protection market.
Middle East & Africa (MEA) Passive Fire Protection Market
Middle East and Africa (MEA) passive fire protection market size is projected to witness considerable growth during 2019-25. In terms of regions, Saudi Arabia has captured major share of market revenue pie in 2018 and is expected to lead throughout the forecast period. In addition, Oman and Qatar, major exporters of oil and are expected to further drive the demand for passive fire protection market.
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