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
According to 6Wresearch, Ethiopia Construction Equipment Market revenues are projected to grow at a CAGR of 6.1% during 2019-25. The government of Ethiopia has introduced a five-year Urban Institutional and Infrastructure Development Program which would cost $860 million, under which the government would develop infrastructure in 117 cities. The rapid expansion of infrastructure has made Ethiopia one of the fastest-growing construction equipment markets in Africa. Ethiopia also leads to hotel expansion in East Africa region due to a substantial rise in tourism in the country, which is further acting as a catalyst for the growth of the construction equipment market in the region.
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"Ethiopia Construction Equipment Market (2019-2025)" provides an in-depth analysis with 42 figures and 16 tables, covered in more than 90 pages. The report estimates and forecasts the overall Ethiopia construction equipment market by application, regions, and equipment types such as cranes, earthmoving equipment, material handling, and others. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
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