UAE Farm Equipment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Combines, Plows, Sprayers, Planters, Others), By Function (Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing), And By Application Period (Pre-Harvesting, During And Post-Harvesting) - Forecasts From 2022 To 2027
- Published : Dec 2022
- Report Code : KSI061613181
- Pages : 74
The UAE Farm equipment market was valued is projected to grow at a CAGR of 2.64% to reach US$63.131 million by 2027, from US$52.587 million in 2020.
The market growth is attributed to the growing demand for agriculture and food products across the country. This rising demand has forced farmers to adopt advanced technologies and methods in their agricultural practices to meet the growing demand for food by the population of the country. Over the past few years, the human and animal power in agriculture has reduced because of this the need for a variety of equipment is emerging. The government is also encouraging the farmers to use technically advanced farming machinery and is investing a significant amount in farming equipment which is propelling the market growth. The increasing agriculture technology adoption and product launches with the latest technical features are other deciding elements boosting market potential of the farm equipment market in UAE for the plant protection and fertilizing division.
One of the prime reasons supporting the market growth is the increasing demand for organically grown food and crops.
Moreover, UAE has high per capita food consumption, which makes it the most promising agriculture market in the GCC region. In 2020, the total production of cereals across the UAE was 15,978 tons, and fruits and vegetable production were 15,978 tons and 233,009 tons, respectively.
Organic food does not contain any harmful chemicals and fertilizers because of which its consumption has increased in the last few years. Moreover, growing health concerns due to the rising number of chemical poisoning incidents around the globe are fueling the demand for organic food which in turn is expected to drive the overall market growth. Rapid urbanization and less available arable land, increased preference for locally grown food produced in an environmentally friendly and sustainable way are driving the adoption of advanced farm equipment across the agriculture sector of UAE. Advanced farm equipment is a useful tool to overcome a few challenges that are faced by traditional agriculture such as freshwater shortages, climate change, and soil degradation. Additionally, the growing affluent middle class, willing to pay more for higher quality food produced with fewer pesticides, is also fueling the market growth. This rising demand for organic food has forced the country to adopt advanced technologies and methods in its agricultural practices to meet the escalating demand.
Product Offering
- Claas KGaA’s farm equipment includes a range of combines, forage harvesters, balers, tractors, and more. CROP TIGER 40 is a combine that includes a tangential axial flow (TAF) that harvests wheat, rice, maize, basmati, sunflowers, chickpeas, mustard, and many other crops and is equipped with a TATA engine (BS-III emissions standard) with 76 HP and plenty of reserve torque.
- The DISCO DUO with a reverse-drive system, the DISCO BUSINESS with load-sensing working hydraulics and numerous additional functions, the DISCO AUTOSWATHER biomass mower with swath grouping, as well as the DISCO CONTOUR and trend models, are among the five series of large-scale mowers from CLaas KGaA. All are outfitted with Active float and other features.
- The DOMINATOR 130 is another combination that is fitted with the CLAAS threshing unit, clean threshing, protective grain handling, and high separation efficiency to deliver the market-expected grain quality.
Key Developments:
Several initiatives are taken by the government to promote the agricultural sector. For instance, in February 2022, the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) offered discounts on agriculture products, including seeds, fertilizers, greenhouse equipment, and farming equipment. These discounts were offered on agriculture supplies, including seeds, fertilizers, greenhouse equipment, farming equipment, and disease-preventive products, usually used pre-harvest. This was in collaboration with international and domestic partners and agricultural equipment suppliers.
In addition, the growing number of Agri-Tech companies in the region is another contributing factor influencing the agricultural sector. For instance, in November 2020, The Abu Dhabi Investment Office (ADIO) provided incentives to three Agri-Tech companies namely Pure Harvest Smart Farms, FreshTo Home, and Nanoracks. ADIO provided AED152 million in form of financial and non-financial incentives.
COVID-19 Impact on the UAE Farm Equipment Market
The COVID-19 pandemic had a negative impact on the UAE farm equipment market. The virus outbreak and its exponential spread resulted in a halt in operations around all sectors, including agriculture. Supply chain constraints and trade barriers adversely impacted the farm equipment demand. Furthermore, lockdown uncertainties refrained farmers to invest in high-cost machinery, hence further contracting the market size.
UAE Farm Equipment Market Scope:
Report Metric | Details |
Market Size Value in 2020 | US$52.587 million |
Market Size Value in 2027 | US$63.131 million |
Growth Rate | CAGR of 2.64% from 2020 to 2027 |
Base Year | 2020 |
Forecast Period | 2022–2027 |
Forecast Unit (Value) | USD Million |
Segments Covered | Type, Function, And Application Period |
Companies Covered | Agromont Industrial Group, Kubota Corporation, Galadari JCB, Claas KGaA |
Customization Scope | Free report customization with purchase |
Segmentation
- By Type
- Combines
- Plows
- Sprayers
- Planters
- Others
- By Function
- Plowing & Cultivation
- Sowing & Planting
- Plant Protection & Fertilizing
- Harvesting & Threshing
- Others
- By Application Period
- Pre-Harvesting
- During & Post-Harvesting
1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. UAE FARM EQUIPMENT MARKET BY TYPE
5.1. Introduction
5.2. Combines
5.3. Plows
5.4. Sprayers
5.5. Planters
5.6. Others
6. UAE FARM EQUIPMENT MARKET BY FUNCTION
6.1. Introduction
6.2. Plowing & Cultivation
6.3. Sowing & Planting
6.4. Plant Protection & Fertilizing
6.5. Harvesting & Threshing
6.6. Others
7. UAE FARM EQUIPMENT MARKET BY APPLICATION PERIOD
7.1. Introduction
7.2. Pre-Harvesting
7.3. During & Post-Harvesting
8. COMPETITIVE INTELLIGENCE
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Agromont Industrial Group
9.2. Kubota Corporation
9.3. Galadari JCB
9.4. Claas KGaA
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