Agriculture equipment refers to the tools that farmers use to carry out agricultural tasks. The use of human labour is decreased as a result of these equipment that make farming easier. Due to a labour scarcity brought on by urbanisation, the need for agricultural equipment is growing daily. The usage of agricultural machinery aids in maximising crop yield in the shortest amount of time. Additionally, the mechanical and semi-automatic machinery decreases the demand for labourers, which contributes to cost savings.
UAE Agriculture Equipment Market Driving Factors and Challenges
The country's rising demand for agricultural and food items is blamed for the market expansion. In order to meet the nation's expanding need for food, farmers have been obliged to employ cutting-edge technologies and approaches in their agricultural practises. Because there is less need for human and animal labour in agriculture now than there once was, a variety of equipment is becoming more and more necessary. The government is encouraging farmers to adopt technologically sophisticated farming equipment and is spending a lot of money on the sector, which is boosting market expansion. Other determining factors driving the market potential of the farm equipment market are the rising acceptance of agriculture technology and product launches with the newest technological features.
Because organic food does not contain any hazardous fertilisers or chemicals, its consumption has risen over the past few years. Additionally, the demand for organic food is being fuelled by rising health concerns brought on by an increase in chemical poisoning events globally, which is anticipated to drive market growth overall. The market is expanding due to the growing middle class's willingness to spend more for food of higher quality and produced with fewer pesticides. In order to meet the growing demand for organic food, the nation has been obliged to implement cutting-edge technologies and processes in its agricultural practises. Thus, resulting in expansion of overall UAE's agriculture equipment market.
However, there are still several issues in the UAE's agriculture equipment market. Market expansion is being hampered by rapid urbanisation. The loss of arable land that could be used for crop cultivation as a result of the expanding urbanisation has restrained market growth over the projection period. The high initial cost of such equipment is anticipated to pose additional obstacles to its adoption, particularly for low-income farmers. The rental market is predicted to be one of the new revenue streams for market expansion to overcome such barriers.
Impact of COVID-19 on UAE Agriculture Equipment Market
The COVID-19 epidemic had a severe effect on the market for agricultural equipment in the United Arab Emirates. The exponential expansion of the viral outbreak forced the cessation of agricultural operations. The demand for farm equipment was negatively impacted by trade restrictions and supply chain limitations. Farmers' hesitation to invest in costly machinery because of regulatory uncertainty further diminished the market's size.
UAE Agriculture Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agromont Industrial Group, Claas KGaA, Galadari JCB, Kubota Corporation, Others.
UAE Agriculture Equipment Market Segmentation:
By Type: Based on the Type, UAE Agriculture Equipment Market is segmented as; Combines, Planters, Plows, Sprayers, Others.
By Function: Based on the Function, UAE Agriculture Equipment Market is segmented as; Harvesting & Threshing, Plant Protection & Fertilizing, Plowing & Cultivation, Sowing & Planting, Others.
By Application Period: Based on the Application Period, UAE Agriculture Equipment Market is segmented as; Pre-Harvesting, During & Post-Harvesting Telephone.
By Region: This research also includes data for Eastern Region, Southern Region, Western Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.