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
Market Forecast By Types (Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment (Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Road Construction Equipment (Pavers, Road Rollers), Dump Trucks, Construction Tractor And Bulldozer), By Applications (Construction, Oil & Gas, Mining), By Key Countries (Qatar, UAE, Saudi Arabia, Kuwait, Oman, Turkey & Rest Of Middle East (Iraq, Lebanon, Bahrain, Jordan) And Competitive Landscape
According to 6Wresearch, Middle East Construction Equipment Market size is expected to demonstrate growth during 2020-26. Recent initiatives taken by governments of several countries to revive the region’s economy from a worldwide crisis would support the growth of the construction equipment market in the Middle East region. For instance, in March 2020, the UAE Central Bank has allocated AED100bn ($27bn) incentive package for SMEs and local banks to revive and develop the construction sector of the region. Additionally, the central bank also declared to offer 50bn dirhams through collateralized loans at zero cost to all banks operating in the UAE, as well as an additional 50bn dirhams will be freed up from lenders’ capital buffers. These initiatives would support the operations of banks and businesses in the region and in turn, would spur the growth of the construction sector over the coming years.
Key Highlights
About Us
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Contact Us: Phone: +911143024305 | Email: sales@6wresearch.com
According to 6Wresearch, Middle East Construction Equipment Market size is expected to demonstrate growth during 2020-26. Recent initiatives taken by governments of several countries to revive the region’s economy from a worldwide crisis would support the growth of the construction equipment market in the Middle East region. For instance, in March 2020, the UAE Central Bank has allocated AED100bn ($27bn) incentive package for SMEs and local banks to revive and develop the construction sector of the region. Additionally, the central bank also declared to offer 50bn dirhams through collateralized loans at zero cost to all banks operating in the UAE, as well as an additional 50bn dirhams will be freed up from lenders’ capital buffers. These initiatives would support the operations of banks and businesses in the region and in turn, would spur the growth of the construction sector over the coming years.
Key Highlights
- Middle East Construction Equipment Market Overview
- Middle East Construction Equipment Market Outlook
- Middle East Construction Equipment Market Forecast
- Market Drivers and Restraints
- Middle East Construction Equipment Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Middle East Construction Equipment Market Share, By Countries
- Middle East Construction Equipment Market Share, By Companies
About Us
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Contact Us: Phone: +911143024305 | Email: sales@6wresearch.com
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