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 (Combine Harvester, Forage Harvester, Sugar Cane Harvester & Other Harvesters), By Applications (Wheat, Rice, Barley, Hemp, Beans & Others), By Countries (Kenya, Nigeria, South Africa, Uganda, Algeria, Ethiopia, Rwanda) And Competitive Landscape. As per 6Wresearch, Africa Harvester Market size is projected to grow substantially during 2020-2026. India and China are the major exporters of harvester machines to Africa region, the outbreak of pandemic coronavirus caused the countries to shut down all the operations which halted the manufacturing and exporting of harvester machines to other countries. This in turn directly impacts the harvester market growth in Africa for the year 2020. Moreover, Nigeria imposed nation-wide lockdown to control the spread of the virus due to which farmers fail to have sufficient labor to operate the harvesters and are unable to procure other tools and machines which would further restrain the harvester market growth in Afr...