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 Types (Mini/Compact Excavator, Crawler Excavator, Wheeled Excavator & Other Excavator), By Power Range (0-300 HP, 301-500 HP, 501 & Above HP), By Applications (Construction, Forestry & Agriculture, Mining And Others (Municipality, Road Construction)), By End-User (Contractor, Rental Provider & Other) And Competitive Landscape According to 6Wresearch, Saudi Arabia Excavators Market size is likely to witness growth during 2020-2026. Necessary steps taken by the government of Saudi Arabia to revive the nation’s economy from a worldwide crisis of crude oil would support the growth of the Excavator market in Saudi Arabia. The Saudi Arabian government has decided to reduce the country’s dependence on oil-sector revenues and focus on developing and strengthening non-oil economy. Moreover, growth in the construction sector on account of increased infrastructure spending owing to Saudi Vision 2030 and the National Transformation Program 2020 would drive...