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...
According to 6Wresearch, Qatar Air Compressor Market size is projected to grow at a CAGR of over 4.5% during 2021-27. Rising investment in industrial, residential and social infrastructure development projects under various programs such as the Qatar National Vision 2030 and National Development Strategy (2018-22) would drive the demand for air compressors in Qatar in the near future. Further, the projects such as Lusail City, Qetaifan Island North and construction of two residential projects worth more than $1.37 billion by UrbaCon Trading and Contracting (UCC) are expected to have a positive impact on the upcoming construction projects in the commercial and residential domain of the country stimulating the demand for air compressors in Qatar over the years to come. By technology type, rotary air compressor constitutes the major revenue share in the air compressor market on account of rising demand from the oil & gas sector, residential sector and the increasing investment ...