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 Types (Telescopic Boom Lifts, Articulating Boom Lifts, Trailer Mounted Boom Lifts, Bucket Trucks, Towable Boom Lifts), By Power Source (Engine Powered Boom Lifts, Hybrid Boom Lifts, Electric Boom Lifts), By End User (Construction Industry, Oil & Gas Industry, Mining Industry, Aerospace, Shipping And Port Building & Others) And Competitive Landscape
According to 6wresearch, Nigeria Boom Lift Market is expected to grow during 2020-2026. Nigeria is one of the growing nations in the African continent and rises in construction in Nigeria is primarily driven by the government focus towards the overall infrastructure development plans and certain key initiatives such as housing to roads for around 200 million people in Nigeria and increasing the road budget to strengthen the transportation network in the country as well as implementing the Economic Recovery and Growth Plan to attain sustained economic growth in Nigeria. These initiatives would increase the demand for the Boom Lift market in Nigeria in the forthcoming years. Based on End User, construction industry & aerospace are the two segments which lead the overall Nigeria Boom Lift market primarily due to increasing initiatives towards construction in residential & commercial sector and infrastructural development projects in the country.
Key Highlights of the Report:
- Nigeria Boom Lift Market Overview
- Nigeria Boom Lift Market Outlook
- Nigeria Boom Lift Market Forecast
- Historical Data of Nigeria Boom Lift Market Revenues and Volumes for the Period 2016-2019.
- Market Size & Forecast of Nigeria Boom Lift Market Revenues and Volumes, Until 2026.
- Historical Data of Nigeria Boom Lift Market Revenues and Volumes, by Types, for the Period 2016-2019.
- Market Size & Forecast of Nigeria Boom Lift Market Revenues and Volumes, by Types, Until 2026.
- Market Size & Forecast of Nigeria Boom Lift Market Revenues and Volumes, by Power Source, Until 2026.
- Historical Data of Nigeria Boom Lift Market Revenues and Volumes, by End User, for the Period 2016-2019
- Market Size & Forecast of Nigeria Boom Lift Market Revenues and Volumes, by End User, Until 2026
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