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, Kenya Crane Market is expected to grow during 2020-2026. Government initiatives towards several constructions and infrastructural development projects such as the Standard Gauge Railway and the Lamu Port South Sudan Ethiopia Transport (LAPPSET) would boost the demand of the Crane market in Kenya over the upcoming years. The process of industrialization and urbanization in cities such as Nairobi has promoted the development of tourism, hotels and other industries, which in turn has driven the demand for Cranes. Based on type, the mobile crane segment dominates the Kenya crane market due to rising demand for heavy load lifting applications across the industrial, residential and commercial sectors. Additionally, the construction segment is the key revenu...