Middle East Power Tools Market (2018-2024)-6Wresearch
Substantial Investment in Infrastructure for Major Global Events Coupled with Expansion of Industrial and Manufacturing Sectors Would Drive the Middle East Power Tools Market Over the Next Six Years - 6Wresearch Middle East power tools market witnessed a steady growth during 2014-17 led by buoyant construction activities primarily in UAE and expansion of manufacturing and industrial sectors. Oil crisis led to slowdown in the construction activities across several key markets across Middle East region primarily Saudi Arabia. Additionally, Turkey which is one of key contributors to the power tools market in the Middle East had witnessed political and economic instabilities. According to 6Wresearch , Middle East Power Tools market is projected to grow at a CAGR of 9.0% during 2018-24 . With stabilization of oil prices, government spending is expected to firm up and construction market is likely to regain momentum. Additionally, major global events such as World Expo 2020 in Dubai and...