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 Application (Automotive Transmission, Automated Manual Transmission, Dual Clutch Transmission, Manual Transmission), By Number Of Gears (3 – 5 Number Of Gears, 6 – 8 Number Of Gears, Above 8 Number Of Gears), By Vehicle Type (Passenger Cars, Trucks, Buses) And Competitive Landscape
According to 6Wresearch, India Automotive Gearbox Market is anticipated to witness growth during the forecast period 2020-26F. Owing to an increase in the promotion offers, aggressive discounts and rebates, new model launches and the increasing availability of model launches under the Bharat Stage – VI (BS-VI) emission standard, the automotive industry in the country was making stringent efforts to boost the growth of the automotive sector in India. India’s automotive sector is witnessing a slowdown owing to an increase in the tax rates and bleak economic scenario leading to declining in automotive sales coupled with consistent hike in the cost of acquisition and increase in the third party insurance costs. Further, declining month on month sales on the back of falling consumer spending and economic interventions and industrial instability have contributed towards a slow growth of the automotive sector in the country which is expected to hamper the growth of the India automotive gearbox market in the coming years.
Key Highlights of the Report:
- India Automotive Gearbox Market Overview
- India Automotive Gearbox Market Outlook
- India Automotive Gearbox Market Forecast
- India Automotive Gearbox Market Size and India Automotive Gearbox Market Forecast until 2025
- India Automotive Gearbox Market Share, By Application
- India Automotive Gearbox Market Share, By Number of gears
- India Automotive Gearbox Market Share, By Vehicle Type
- India Automotive Gearbox Market Share, By Region
- Historical Data of India Automotive Gearbox Market Revenues and Volume for the period, 2015-2018
- Market size and Forecast of India Automotive Gearbox Market Revenues and Volume until 2025
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