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 Of Equipment (Crane (Mobile Crane, Crawler Crane And Tower Crane), Bulldozer, Earth Moving Equipment (Loader (Backhoe Loader, Wheeled Loader And Skid Steer Loader), Excavator (Tracked Excavator, Mini Excavator And Wheeled Excavator), Motor Grader), Material Handling Equipment (Forklift And Telescopic Handler), Dump Trucks, Aerial Work Platform (Articulated Boom Lift, Telescopic Boom Lift And Scissor Lifts)), By Applications (Construction And Others), By Regions (Abu Dhabi, Dubai And Other Emirates) And Competitive Landscape According to 6Wresearch, UAE Construction Equipment Rental Market revenues are projected to grow at a CAGR of 3.3% during 2018-24. Projects such as $37 billion Yas Island Development and $22 billion Masdar City which are expected to be completed by 2025 would increase the demand for construction equipment. Moreover, Dubai overall budget has been increased by nearly 20% for upcoming World Expo 2020 from $13.1 billion (AED 47.31 billion) i...