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 Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (China, India, Japan, Australia, Malaysia, Philippines, Indonesia, South Korea, Cambodia, Myanmar & Rest Of Asia Pacific) And Competitive Landscape According to 6Wresearch, Asia Pacific (APAC) Electric Vehicle Market size is anticipated to register growth during 2020-2026. Currently, China and Japan hold the dominant share in Asia pacific electric vehicle market. China is the largest manufacturer and consumer of electric vehicles in the world. However, India demonstrates a great potential for the electric vehicle market on account of improvement in the living standards of the people, growing disposable income, and rising environmental awareness. Furthermore, the Indian government plans to transform all the vehicles to electric vehicles by 2030 and it is also focusing on building fast electric charging infrastructure in the country to support the electric vehicle adoption, resulting i...