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...
According to 6Wresearch, Indonesia tyre market revenues are projected to grow at a CAGR of 9.8% during 2019-25. Rising investment in automotive manufacturing by domestic as well as international companies owing to low per capita-car ownership, low labor costs and rapidly increasing middle class income population would drive the Indonesia tyre market during the forecast period. Additionally, growing popularity of low-cost green car (LCGC) and low sport utility vehicle (LSUV) across the country would further provide an impetus to the Indonesia tyre market. Further, due to increasing urban population, government is spending significant amount on infrastructure development and other investment to support growth of the smaller cities that would integrate the new urban citizens. This would lead to an expansion of automotive fleet and in turn would also ramp up the tyre market during the forecast period.
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"Indonesia Tyre Market (2019-2025)" provides an in-depth analysis more than 50 figures and 5 tables covered in more than 100 pages. The report estimates and forecast the overall Indonesia tyre market by vehicle types, tyre types and origin. 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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