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, Saudi Arabia's Construction Equipment market is projected to grow at a CAGR of 8.75% during 2015-21. In 2014, loaders accounted for 28.8% of market share in overall market followed by crane and construction tractor. During 2015-21, share of loader is expected to increase further to reach 34.5% growing at a CAGR of 11.6% by 2021. Key Highlights of the Report: Historical data of Global Construction Equipment Market for the Period 2010-2014. Market Size & Forecast of Global Construction Equipment Market until 2021. Historical data of Saudi Arabia Construction Equipment Market Revenue & Volume for the Period 2010-2014. Market Size & Forecast of Saudi Arabia Construction Equipment Revenue & Volume Market until 2021. Historical & Forecast data of Saudi Arabia Crane Market Revenue & Volume for the Period 2010-2021. Historical & Forecast data of Saudi Arabia Excavators Market Revenue & Volume for the Period 2010-2021....