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 Operating Capacity (Small Operating Capacity Compact Track And Multi-Terrain Loaders (Less Than 2000 Lbs), Medium Operating Capacity Compact Track And Multi-Terrain Loaders (2000-3000 Lbs), Large Operating Capacity Compact Track And Multi-Terrain Loaders (Above 3000 Lbs)), By Engine Capacity (Small Engine Capacity Compact Track And Multi-Terrain Loaders (Up To 65 HP), Medium Engine Capacity Compact Track And Multi-Terrain Loaders (65-80 HP), Large Engine Capacity Compact Track And Multi-Terrain Loaders (Above 80 HP)), By Lift Paths (Radial Lift Path Compact Track And Multi-Terrain Loaders, Compact Lift Path Compact Track And Multi-Terrain Loaders), By Products (Rubber-Tracked Compact Track And Multi-Terrain Loaders, Steel-Tracked Compact Track And Multi-Terrain Loaders), By Applications (Construction, Landscape And Maintenance, Forestry & Agriculture, Infrastructure, Mining & Other (Residential, Commercial, Etc.)) And Competitive Landscape
According to 6Wresearch, Saudi Arabia Compact Track and Multi-Terrain Loader Market are anticipated to register growth during 2020-2026F. Saudi Arabia’s government has come up with the “Vision 2030” initiative aimed to achieve a new phase of development in the country and increase the contribution of the non-oil & gas sector in the country’s GDP by 2030. Further, Saudi’s government planned to invest $ 32.6 billion in construction projects such as Riyadh metro, ministry of housing’s Sakai project, Aramco’s berry and Marjan oil fields project and red sea project. Such projects would support the growth of compact track and multi-terrain loader market in the coming years.
Key Highlights:
- Saudi Arabia Compact Track and Multi-Terrain Loader Market Overview
- Saudi Arabia Compact Track and Multi-Terrain Loader Market Outlook
- Saudi Arabia Compact Track and Multi-Terrain Loader Market Forecast
- Historical Data of Saudi Arabia Compact Track and Multi-Terrain Loader Market Revenues and Volume for the Period 2016-2019
- Historical Data of Saudi Arabia Compact Track and Multi-Terrain Loader Market Revenues and Volume, By Lift Paths, for the Period 2016-2019
- Market Size & Forecast of Saudi Arabia Compact Track and Multi-Terrain Loader Market Revenues and Volume, By Lift Paths, Until 2026
- Historical Data of Saudi Arabia Compact Track and Multi-Terrain Loader Market Revenues and Volume, By Engine Capacity, for the Period 2016-2019
- Market Size & Forecast of Saudi Arabia Compact Track and Multi-Terrain Loader Market Revenues and Volume, By Engine Capacity, Until 2026
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