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, Indonesia tyre market size is projected to grow at a CAGR of 9.8% during 2019-25. Good macroeconomic conditions and growing automotive manufacturing majorly driven by domestic demand would lead to the growth of tyre market in Indonesia. Radial tyres would register the highest growth rate during the forecast period owing to high installation of radial tyres in vehicles due to their better puncture resistance, flexible sidewalls and lower life-cycle cost. Passenger car segment has accounted for key slice in overall Indonesia tyre market share owing to lower interest rates on vehicle loans and increasing popularity of low-cost green cars and multipurpose vehicles. Further, with rising urban population and social normalization of cars, the passenger car segmen...