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 (Mobile Crane, Fixed Crane, Marine And Offshore Crane), By Applications (Industrial Applications, Marine And Offshore, Mining And Excavation, Construction) And Competitive Landscape.
According to 6Wresearch, UAE Crane Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to government initiatives such as rising investment in infrastructure development projects and introducing new development projects through encouraging private sector investors in the country. Additionally, certain key infrastructure development projects initiated by the UAE government such as building and water projects, construction of new malls, hotels, expansion of highways and airport for upcoming World Expo 2020 and UAE Vision 2021 would further accelerate the demand for cranes in UAE over the coming years.
Key Highlights of the Report:
- UAE Crane Market Overview
- UAE Crane Market Outlook
- UAE Crane Market Forecast
- Historical Data of UAE Crane Market Revenues & Volume for the Period 2016-2019.
- UAE Crane Market Size and UAE Crane Market Forecast of Revenues and Volume, Until 2026.
- Historical Data of UAE Crane Market Revenues and Volume, By applications, for the Period 2016-2019
- Market Size & Forecast of UAE Crane Market Revenues and Volume, By applications, Until 2026
- Historical Data of UAE Crane Market Revenues and Volume, By types, for the Period 2016-2019
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