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 Product Type (All-Terrain Vehicle, Utility-Terrain Vehicle), By Drivetrain Type (Two-Wheel Drive, Four-Wheel Drive, All-Wheel Drive), By Engine Size (Less Than 400 CC, 400 CC To 800 CC, More Than 800 CC), By Battery Capacity (Up To 48V, 48V To 72V, More Than 72V), By Propulsion Type (BEV, PHEV, HEV), By Number Of Wheels (Four-Wheeled, More Than Four-Wheeled), By Seating Capacity (One-Seater, Two-Seater, More Than Two-Seater), By Regions (North America, Europe, Middle East, Africa, Asia Pacific, Latin America) And Competitive Landscape
According to 6Wresearch, the Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market size is anticipated to register growth during 2020-26. With the leading outbreak of the global COVID-19 pandemic, the automotive industry has been facing challenges regarding growth and development. The imposition of nationwide lockdown in around 123 countries across the world has imposed challenges regarding the disruption in the production cycle and has led to a massive downfall in automotive sales. Since the growth of the automotive industry is directly linked to the economic growth of the country, economic disruptions have led to a downfall in the market value of the automotive industry and have disturbed the product line ups. Also, panning out of income with some of the private players has led to a decrease in the production activity of their brands and has led to disturbances in the market overall.
Key Highlights of the Report:
- Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Overview
- Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Outlook
- Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Forecast
- Historical Data of Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Revenues & Volume for the Period 2016-2019
- Historical Data of Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Revenues & Volume, by Application Type, for the Period 2016-2019
- Market Size & Forecast of Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Revenues & Volume, by Application Type, Until 2026
- Historical Data of Global Electric All-terrain Vehicles (ATV) and Utility-terrain Vehicle (UTV) Market Revenues & Volume, by Product Type, for the Period 2016-2019
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