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, the Global Polyurethane Market size is anticipated to register growth during 2020-26. The outbreak of the global pandemic has led to slow growth in the overall global polyurethane market. There is no doubt of the fact that in order to combat the effect of the spread of the coronavirus, the government of the country has taken initiatives for the complete lockdown in almost all the countries across the world to win the bid to combat the spread of the novel coronavirus. This has evidently proven to be a result of slow economic growth with annual GDP falling below a negative scale and obviously many industrial applications have been suffering a loss owing to the panning out of income effect with the potential industrialists and a break in the production of product line ups which has led to a slow growth in the sales of the polyurethanes and has led to slow market growth. Also, the interruptions in the construction activities has led to a downfall in the demand for...