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 (India, Japan, China, Malaysia, Philippines, Myanmar, South Korea, Australia, Cambodia, Indonesia) And Competitive Landscape. As per 6Wresearch, Asia Pacific (APAC) Harvester Market size is anticipated to register a growth during 2020-2026. The global pandemic coronavirus caused the government of many countries of the APAC region to declare lockdown to curb the spread of the virus. This would significantly impact the region’s agriculture sector which in turn would derail the harvester market growth. The farmers are facing a lack of technically skilled laborers for harvesting crops and operating machinery as most of them fled to their homes due to the coronavirus fear. Additionally, the shutdown of manufacturing and distribution units of the harvester machines would further restrain the harvester mark...