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 Products (Machine Vision, Robotics, Sensors, Motion & Drives, Relays & Switches And Others Including Actuators And Valves), By Technologies (PLC, SCADA, DCS And Others Including PLM, PAM, MES And Industrial IOT), By Applications (Automotive, Oil & Gas, Power Utility & Water Treatment, Food Processing, Pharmaceutical, Chemical And Others Including Textile And Plastic), By Countries (Saudi Arabia, UAE, Qatar, Turkey And Rest Of The Middle East) And Competitive Landscape According to 6Wresearch, Middle East industrial automation market size is projected to grow at a CAGR of 5.2% during 2019-25. The power utility & water treatment segment is expected to acquire key revenue share by 2025 in the overall Middle East industrial automation market size due to favorable government initiatives to strengthen the renewable energy sectors across many countries. Efforts being made to diversify the economies in the region would include the development of new p...