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, US Elevator And Escalator Market size is projected to grow at a CAGR of 2.0% during 2019-25. The US elevator and escalator market is expected to show a steady growth owing to government initiatives to move the country out of a phase of economic stagnation and boost investment outlook in the region. The construction sector in the United States is witnessing revival and is expected to show considerable growth over the coming years, thereby fostering the demand for elevators and escalators as well. The elevator segment captured major revenue share in the overall elevators and escalators market in the US in 2018, wherein majority of the installations were witnessed in office spaces, residential, retail, transportation and hospitality sectors. Amongst all elevator types, passenger elevators acquired the highest revenue share in the overall market. Key Highlights of the Report US Elevator and Escalator Market Overview US Elevator and Escalator Market O...