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 Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-Wheel Drive, Four-Wheel Drive) And Competitive Landscape.
According to 6Wresearch, India Farm Tractor Market is anticipated to witness growth during the forecast period 2020-26F. Agriculture is the primary source for livelihood in the country with around 58% of the village population being indulged in agricultural activities. However, owing to increasing urbanization and a majority of the village population is migrating towards cities for better livelihood, the agriculture sector is witnessing scarcity of farm laborers which would hence drive the demand for farm tractors to carry on sound agricultural activities.
Key Highlights of the Report
- India Farm Tractor Market Overview
- India Farm Tractor Market Outlook
- India Farm Tractor Market Forecast
- India Farm Tractor Market Size
- Historical & Forecast Data of India Farm Tractor Market Revenues & Volume for the Period 2016-2026
- Historical & Forecast Data of India Farm Tractor Market Revenues, by horsepower rating, for the period 2016-2026
- Historical & Forecast Data of India Farm Tractor Market Revenues, by drive type, for the period 2016-2026
- Market Drivers and Restraints
- India Farm Tractor Market Trends & Industry Life Cycle
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
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