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 (Indirect Tire Pressure Monitoring System, Direct Tire Pressure Monitoring System), By Sales Channels (OEMs), Aftermarkets), By Vehicle Types (Commercial Vehicles, Passenger Cars), By Key Countries ( Australia, Indonesia, India, China, Japan, Malaysia, Thailand And Rest Of Asia Pacific) And Competitive Landscape. As per 6Wresearch, Asia Pacific Tire Pressure Monitoring System Market share is expected to grow during 2020-2026. Government regulations including ‘Passenger Car TPMS Performance Requirements and Test Methods’ by Standardization Administration of China to be enforced from 2020 is further expected to push the market during the forecast period. Additionally, China is the leading contributor to the market in the APAC region and is likely to grow its market share during the forecast period. Increasing demand for automobiles, especially luxury vehicles in the country would lead to the growth in the market over the coming years. Key Highlights of the Re...