Farmer-used tools are those that are used to carry out agricultural tasks. Through the use of these instruments, farmers' work is made easier and less labour-intensive. As a result of the labour scarcity caused by urbanisation, the need for agricultural equipment is growing daily. Maximising crop yield in a short amount of time is made possible by the usage of agricultural equipment. In addition, the need of labourers is decreased by the mechanical and semi-automatic machinery, which aids in cost reduction.
According to SPER market research, ‘UAE Agriculture Equipment Market Size- By Type, By Function, By Application Period- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the UAE Agriculture Equipment Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
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. The market potential of the farm equipment market in the United Arab Emirates for the plant protection and fertilising division is also increased by the rising acceptance of agriculture technology and product launches with the most up-to-date technical characteristics.
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The UAE's agriculture equipment market, however, is plagued by a number of issues. Expanding markets are being hampered by rapid urbanisation. The decline in arable land that could be utilised for farming due to increasing urbanisation has slowed market growth during the projection period. It is anticipated that the high initial cost of such equipment will act as additional impediments to its adoption, particularly for low-income farmers. It is projected that the rental business would be one of the new revenue streams for market expansion to overcome such challenges.
Impact of COVID-19 on UAE Agriculture Equipment Market
Furthermore, the COVID-19 epidemic has a detrimental effect on the UAE market for agricultural equipment. The viral epidemic's exponential growth forced the suspension of agricultural operations. The demand for farm equipment was negatively impacted by supply chain restrictions and trade impediments. Farmers held off on investing in costly gear because of regulatory uncertainty, which further diminished the size of the market.
UAE Agriculture Equipment Market Key Players:
Additionally, some of the market key players are Agromont Industrial Group, Claas KGaA, Galadari JCB, Kubota Corporation, Others.
For More Information, refer to below link: –
UAE Agriculture Equipment Market Future Opportunities
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