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 Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape. According to 6Wresearch, Philippines tire market size is projected to grow at a CAGR of 13.3% during 2019-25. Increasing disposable income of vehicle owners, growing automotive demand and the rapidly growing requirement for electric vehicles in the region would offer favorable opportunities for the tire market growth in Philippines during the forecast period. On account of increasing sales of all kinds of vehicles owing to low life cycle cost and better puncture resistance, radial tires would be the major revenue generating segment in the Philippines tire market forecast period. Truck tires are the leading revenue generating segment in the overall Philippines tire market share. Further, government's push for infrastructure development in the country would lift the demand for trucks wh...