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 Equipment Type (Crane (Mobile Crane, Crawler Crane and Tower Crane), Construction Tractors & Bulldozers, Earth Moving (Loader (Backhoe Loader, Wheeled Loader, Skid Steer Loader and Compact Track Loader), Excavator (Tracked Excavator, Mini Excavator and Wheeled Excavator) and Motor Grader), Material Handling (Forklift and Telescopic Handler), Dump Trucks, Aerial Work Platform (Articulated Boom Lift, Telescopic Boom Lift and Scissor Lifts), Road Construction Equipment (Paver and Road Roller)), By Applications (Construction, Mining and Others), By Regions (Northern and Southern) and Competitive Landscape. According to 6Wresearch, Ethiopia construction equipment market size is projected to grow at a CAGR of 6.1% during 2019-25. Construction application segment is the key revenue generating segment in the overall Ethiopia construction equipment market share owing to widespread expansion and development of road network in the country. Further, government initiative...