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 ( Elevator and Escalator), By Applications (Commercial, Industrial and Residential), By Services (New Installation, Maintenance and Modernization), By Regions (Kuwait and Rest of Kuwait) and Competitive Landscape. According to 6Wresearch, Kuwait Elevator and Escalator market size is projected to grow at a CAGR of 5.5% during 2019-25. Significant investment for the implementation of Kuwait National Development Plan 2035 initiative by the government and development of large-scale projects such as the expansion of Kuwait International Airport Terminal 2, Kuwait metro rail project and several other commercial and residential projects, would drive the demand for Kuwait elevator and escalator market forecast period revenues. In Kuwait, the commercial application segment is expected to dominate the overall Kuwait Elevator and Escalator market share during the forecast period owing to ambitious initiatives by Kuwait government to diversify the economy and strengthe...