Qatar Earthmoving Equipment Market Has Lucrative Growth Prospects, States TechSci Research in Its New Report Recently Published at MarketPublishers.co18 Aug 2016 • by Natalie Aster
LONDON – Despite being the smallest country in the GCC region, Qatar is today recognised as one of the most attractive countries for infrastructure investments in the GCC region due to its liberal tax system, favourable governmental initiatives and also quicker return on investments.
The key application areas of earthmoving equipment in Qatar include the construction, mining and industrial sectors. Any fluctuations or changes in these sectors have influence on the growth of the domestic earthmoving equipment market.
The Qatar government is currently laying special emphasis on the development of urban infrastructure. Therefore, the demand for earthmoving equipment in the country is likely to grow in the years ahead along with the increase in the number of infrastructure projects.
The Qatar earthmoving equipment market is expected to follow an upward trend, registering a CAGR of over 5% up to 2021.
In the past year, Qatar’s earthmoving equipment market was dominated by the excavator segment. It was followed by the loader, grader and bulldozer segments. This trend is expected to continue through 2021.
New report “Qatar Earthmoving Equipment Market By Type (Excavators, Loader, Motor Grader & Bulldozer), Competition Forecast & Opportunities, 2011-2021” developed by TechSci Research provides an in-depth analysis of the Qatar earthmoving equipment market. It uncovers data on the market size and shares, includes the market segmentation analysis (by type, by company, by region), reviews major regulative policies, sheds light on development strategies, covers changing market trends and emerging opportunities. Moreover, the market competitive scenario and major market participants are reviewed in the publication. Additionally, the report discusses the main market growth challenges and gives reliable data on the market dynamics. Future forecasts through 2021 are also provided.
More novel research reports by the publisher can be found at TechSci Research page.