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, Cambodia Farm Tractor Market is anticipated to witness potential growth during the forecast period 2020-26F. According to the International Labor Organization, the number of people employed in the agriculture sector has reduced substantially in the past few years. This has caused a significant decline in the availability of manual labor in the agriculture sector and is further inducing the need for farm mechanization in Cambodia, additionally expected to benefit the growth of Cambodia farm tractor market backed by increasing demand for farm tractors by the agriculture sector, owing to lack of manual labors in the agriculture sector.
Key Highlights of the Report
- Cambodia Farm Tractor Market Overview
- Cambodia Farm Tractor Market Outlook
- Cambodia Farm Tractor Market Forecast
- Cambodia Farm Tractor Market Size
- Historical & Forecast Data of Cambodia Farm Tractor Market Revenues & Volume for the Period 2016-2026
- Historical & Forecast Data of Cambodia Farm Tractor Market Revenues, by horsepower rating, for the period 2016-2026
- Historical & Forecast Data of Cambodia Farm Tractor Market Revenues, by drive type, for the period 2016-2026
- Market Drivers and Restraints
- Cambodia Farm Tractor Market Trends & Industry Life Cycle
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