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...
Saudi Arabia Industrial Motor Market By Types (AC Motors, DC Motors), By Voltage ((Low Voltage Industrial Motors (< 1 Kv), Medium Voltage Industrial Motors (1 Kv-6.6 Kv), High Voltage Industrial Motors (Above 6.6 Kv)), By End Users (( Oil & Gas, Petrochemical, Chemicals, & Fertilizers, Water & Utilities (Includes Power Sector And Water And Waste Water Management), Metals & Mining, Cement And Others (Includes Food And Beverages, Paper And Pulp Etc.)), By Applications (Pumps, Compressors, Extruders, Fans, Conveyors And Other Applications), By Regions (Eastern, Western , Central, Southern). According to 6Wresearch, Saudi Arabia Industrial Motor Market Revenues are projected to grow at a CAGR of 5.2% during 2019-25. The market slowed down in 2015 and 2016, due to oil crisis in the Middle East. However, the market recovered post 2017 due to recovery of oil prices. Changing government policies, establishment of special economic zones and expansion of automotive ma...