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 equ...
Market Forecast By Product Types (Rigid Frame, Articulating Frame), By End-User Applications (Mining, Construction & Others), By Countries (India, Japan, China, Malaysia, Philippines, Myanmar, South Korea, Australia, Cambodia, Indonesia) And Competitive Landscape
According to 6Wresearch, Asia Pacific (APAC) Off-highway truck market size is anticipated to witness a growth during 2020-2026. Asia Pacific off-highway truck market is expected to register a decline during the initial months of 2020 due to the spread of coronavirus which would adversely impact the growth of construction, mining and agricultural sector thereby restraining the off-highway truck market growth. However, the off-highway truck market is expected to gain momentum during 2021 due to the increasing government investment for infrastructure development and rising tourism accelerating the construction activities in the region. For instance, Japan government plans to invest JPY1.5 trillion for the development of the Metropolitan Inter-City Expressway and the Tokai Expressway along with rising government's focus on infrastructure development in aligning with the 2020 Olympic Games would support the growth of construction sector thereby promoting the growth of the off-highway truck market.
Key Highlights of the Report:
- APAC Off-highway Truck Market Overview
- APAC Off-highway Truck Market Outlook
- APAC Off-highway truck Market Forecast
- APAC Off-highway truck Market Size
- Historical Data of APAC Off-highway truck Market Revenues, for the Period 2016-2019
- APAC Off-highway truck Market Forecast of Revenues, Until 2026
- Market Size & Forecast of APAC Off-highway truck Market Revenues, by Product Types, until 2026
- Market Size & Forecast of India Off-highway truck Market Revenues until 2026.
- Historical Data of Japan Off-highway truck Market Revenues for the Period 2016-2019.
- Market Size & Forecast of Japan Off-highway truck Market Revenues, until 2026.
- Historical Data of China Off-highway truck Market Revenues for the Period 2016-2019.
- Market Size & Forecast of China Off-highway truck Market Revenues, until 2026.
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