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 (Mobile Crane, Fixed Crane, Marine And Offshore Crane), By Applications (Industrial Applications, Marine And Offshore, Mining And Excavation, Construction) And Competitive Landscape According to 6Wresearch, Japan Crane Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to increasing government focus on residential construction projects due to increasing urbanization along with construction and modernization of infrastructure such as airports, railways, metros, commercial complexes and stadium on account of upcoming Tokyo Olympics 2020 (which was canceled due to the outbreak of the COVID-19 pandemic). In terms of crane type, the mobile crane dominates the overall Japan crane market due to rising construction projects in the country. Additionally, the industrial and commercial application is the key revenue-generating segment in Japan crane market. Further, the demand for mobile cranes is rising as a result of the risin...