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 Application (Automotive Transmission, Automated Manual Transmission, Dual Clutch Transmission, Manual Transmission), By Number Of Gears (3 – 5 Number Of Gears, 6 – 8 Number Of Gears, Above 8 Number Of Gears), By Vehicle Type (Passenger Cars, Trucks, Buses), By Countries (Kuwait, Qatar, Turkey, Bahrain, Oman, UAE, Saudi Arabia & Rest Of Middle East) And Competitive Landscape According to 6Wresearch, Middle East Automotive Gearbox Market size is anticipated to register growth during the forecast period 2020-26F. Saudi Arabia automotive gearbox market is expected to witness the highest growth rate in the upcoming six years owing to increased sales of cars in the country on the back of regulations passed by the Saudi government towards liberalization of women for driving. Additionally, urbanization and industrialization in the country is expected to increase the demand for luxury and off-highway vehicles in Saudi Arabia and is anticipated to create demand for the Sa...