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...
Saudi Arabia Air Conditioner Market Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type And Centralized (VRF, AHU/FCU, Condensing Unit, Chiller And Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare And Others), By Regions (Eastern, Western, Central And Southern) And Competitive Landscape. According to 6Wresearch, Saudi Arabia air conditioner market size is forecast to reach $1.3 billion by 2024. Slumping oil prices and dependence of the country on oil sector majorly impacted country's spending towards infrastructure development during 2014-17. Further, many of the projects during this period were delayed or cancelled, which led to downfall air conditioners market in Saudi Arabia. However, with recovery of oil prices in 2018 and ambitious Saudi Vision 2030 plan to improve the economy would drive air conditioner market especially in residential and commercial secto...