In a recently published report, Global Grain Silos and Storage System Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Grain Silos and Storage System Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Grain Silos and Storage System Market is valued approximately at USD 1.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2021-2027. Silos are widely used for bulk storage of grains, sawdust, and other food items. And they are specifically designed structures that are used to store bulk materials. Silos are used in a variety of industries, including agriculture. A silo that is well-maintained and properly sealed can last for decades. Silos are widely used to preserve crops for a prolonged period while still protecting them from moisture and climate change. Many farmers all over the world are investing in the construction of silos that will enable them to store grains for extended periods of time despite adverse weather conditions.
Grain Silos and Storage System Market is driven by Post-harvest losses and food wastage to increase the sales of grain silos and effective storing and efficient post-harvest management. Most of countries that significantly export agricultural product in international markets, such as the United States, Canada, Mexico, China, India, Germany, and the United Kingdom, are focused on preserving the consistency of their grains for longer periods of time. Farmers in developing areas plant large-scale farmlands and store large amounts of crops for a longer period, so their demand is higher. For instance, according to the International Grains Council (IGC), global wheat supplies increased from 171.0 million tons in 2012-2013 to 268.0 million tons in 2017-2018, and 278.0 million tons in 2020. Silos are a cost-effective method of grain storage since grain transport is automated, resulting in low long-term maintenance costs. However, high initial investments in equipment, may impede market growth over the forecast period of 2021-2027.
Geographically, North America is dominating the market due to the rising number of technological advancements in the region. The market for grain silos and storage systems in the Asia Pacific region is surging due to rise in demand for agriculture and food goods and supplies with rise in population rates combined with rising income levels among the population. Furthermore, rising consumption of crops such as rice, maize, and wheat, as well as favorable farmer schemes, are contributing to the market’s expansion.
Major market player included in this report are:
Silos Córdoba
AGCO Corporation
PRADO SILOS
Bentall Rowlands Silo Storage Ltd
Sukup Manufacturing Co.
SCAFCO Grain Systems Co.
Privé SA
MULMIX SpA Unipersonale
Brock Grain Systems
Behlen Mfg. Co.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Silo Type:
Flat bottom silos
Hopper silos
Grains bins
Other silo type
By Commodity Type:
Rice
Maize
Wheat
Soybean
Sunflower
Other commodity type
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Grain Silos and Storage System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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