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...
North America Electric Motor Market | Middle East & Africa (MEA) Electric Motor Market | Latin America Electric Motor Market | Europe Electric Motor Market (2019-2025)
North America Electric Motor Market North America Electric Motor Market size is projected to witness growth during 2019-25. With emergence of new technology and features such as, low power loss and maintenance free, there is an increase in demand for upgradation of pre-installed electric motors. Further, US is the key country registering maximum sales of Electric Motors in North America region. Middle East & Africa (MEA) Electric Motor Market Middle East and Africa (MEA) Electric Motor market size is projected to witness growth during 2019-25 due to growing manufacturing hubs and increase in demand for HVAC solutions in upcoming commercial and residential projects. Further, with expected increase in industrial automation and government initiatives to strengthen non-oil sector would spur the growth of the market over the coming years. Government initiatives such as the Saudi Arabia Vision 2030, UAE Vision 202, etc., international events including World Expo ...