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 Lease Type (Open Ended, Close Ended), By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) And Competitive Landscape According to 6wresearch, Saudi Arabia Vehicle Leasing Market size is expected to grow during 2020-2026. In terms of lease type, the open-ended segment is expected to dominate the vehicle leasing market revenue share during the forecast period in Saudi Arabia on account of flexible terms, provides superior control over the asset utilization and disposal, and the open-ended lease is majorly used in commercial business. The market in Saudi Arabia is expected to witness a negative growth in the economy during the first quarter of 2020 owing to the coronavirus pandemic which has spread a worse impact on the business worldwide. Key Highlights Saudi Arabia Vehicle Leasing Market Overview Saudi Arabia Vehicle Leasing Market Outlook Saudi Arabia Vehicle Leasing Market Forecast Historical Data of Saudi Arabia Ve...