Silos Market Size, Trends and Insights By Type (Tower Silos, Bunker Silos, Bag Silos, Others), By Material (Wood Staves, Concrete Staves, Steel Panels, Aluminium), By Capacity (Below 500 Tons, 500 Tons-1000 Tons, 1000 Tons-1500 Tons, Above 1500 Tons), By End Use Industry (Food & Beverages Industry, Agriculture Industry, Chemical Industry, Tire Industry, Others), By Distribution Channel (Direct Sales, Indirect Sales), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35873

Published Date: December 2023

Pages: 320+

Category: Agriculture

Report Snapshot

CAGR: 4.1%
205.3M
2022
213.7M
2023
306.8M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • AGCO Corporation
  • Bentall Rowlands
  • Brock Grain Systems
  • CST Industries Inc.
  • GRAIN SYSTEMS INC. (GSI)
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Silos Market is expected to record a CAGR of 4.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 213.7 Million. By 2032, the valuation is anticipated to reach USD 306.8 Million.

Silos Specifications

Silo Type Capacity (ton) Diameter (ft) Height (ft) Material
Tower Silo 500-10,000 10 to 30 40 to100 Concrete, steel
Bunker Silo 100-10,000 20 to 100 10 to 20 Concrete, steel, earth
Bag Silo 50-500 6 to 12 6 to 12 Polyethylene
Source: According to CMI Market Research Team Analysis

The Silos Market represents a sector crucial for efficient storage in various industries. These vertical or horizontal structures, made of materials like metal, concrete, or wood, cater to diverse applications. Key segments include agricultural, construction, and chemical silos, each tailored for specific storage needs.

Market dynamics are influenced by factors such as global trade, technological advancements, and a growing focus on sustainability. As demand rises for organized and large-capacity storage, the Silos Market plays a vital role in supporting industries like agriculture, construction, and manufacturing, ensuring efficient storage and preservation of essential materials.

Silos Market – Significant Growth Factors

The Silos Market presents significant growth opportunities due to several factors:

  • Agricultural Expansion: The market is propelled by the continual growth in agricultural activities, necessitating efficient storage solutions for crops and grains.
  • Technological Advancements: Adoption of advanced technologies, including automation and sensor-based monitoring, enhances the efficiency of silo operations, driving market growth.
  • Global Trade Dynamics: Increasing global trade activities necessitate organized storage systems, boosting the demand for silos in logistics and supply chain management.
  • Sustainable Practices: Growing emphasis on sustainability in agriculture and industry drives the adoption of eco-friendly silo materials and designs, fostering market growth.
  • Renewable Energy Storage: The opportunity lies in expanding silos’ role in storing biomass for renewable energy, aligning with the increasing focus on sustainable energy sources.
  • Enhanced Safety Features: Opportunities exist in developing silos with advanced safety features, meeting industry standards and ensuring the protection of stored materials.
  • Integration of IoT and Smart Technologies: The adoption of IoT and smart technologies presents opportunities to create intelligent silo systems, offering real-time monitoring and data-driven insights for improved operational efficiency.
  • Diversification in End-Use Industries: Exploring new applications for silos in emerging industries, such as renewable energy, pharmaceuticals, and logistics, provides opportunities for market expansion and diversification.

Silos Market – Mergers and Acquisitions

The Silos Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Silos Market include:

  • In 2023, Symaga introduced its SCX0460/08T45 hopper silos at Legumbres Pedro in Alcala de los Gazules, Cadiz, Spain. Designed to store and preserve legumes before processing, these silos feature protective elements like roof vents for fumigation, ensuring consistent air flow. Additionally, special sealing foam prevents rain or snow entry, facilitating effective fumigation treatments.
  • In 2022, Silos Córdoba recently completed the construction of a cereal storage plant in Romania. The facility features 43,779 m3 flat-bottom silos with lateral discharge, catwalks, and supports, boasting a total capacity of 15,116 m3. Equipped with advanced systems such as thermometry, ventilation, cleaning, drying, and automation, the plant enhances cereal storage efficiency and management.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Silos Market. The trend is expected to continue as companies seek a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Silos Market Outdoor Storage Sheds Market Filtered Storage Cabinets Market
CAGR 4.1% (Approx) CAGR 6% (Approx) CAGR 6.2% (Approx)
USD 306.8 Million by 2032 USD 10.2 Billion by 2032 USD 2.2 Billion by 2032

Silos Market – Significant Threats

The Silos Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Economic Downturn: Economic uncertainties and downturns can reduce construction activities, impacting the demand for silos in the construction industry, posing a threat to market growth.
  • Fluctuating Raw Material Costs: Volatility in the prices of raw materials, such as steel or concrete, can affect production costs, potentially leading to reduced profit margins and competitiveness within the silos market.
  • Stringent Regulatory Compliance: Evolving and stringent regulations related to environmental impact, safety standards, and land use can pose challenges for silo manufacturers, requiring ongoing adjustments to meet compliance requirements.
  • Competition from Alternative Storage Solutions: The availability and adoption of alternative storage solutions, such as warehouse facilities or advanced supply chain technologies, pose a threat to the demand for traditional silos, challenging their market position.
  • Global Trade Disruptions: Trade tensions, geopolitical conflicts, or unexpected disruptions in global trade can impact the movement of commodities, affecting the demand for silos in logistics and supply chain management, posing a threat to market stability.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 213.7 Million
Projected Market Size in 2032 USD 306.8 Million
Market Size in 2022 USD 205.3 Million
CAGR Growth Rate 4.1% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Material, Capacity, End Use Industry, Distribution Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type

  • Tower Silos: Tower silos are vertical structures designed for bulk storage of crops, typically used in agriculture. The trend involves integrating automation for efficient material handling, improving operational processes, and enhancing safety features to meet evolving industry standards.
  • Bunker Silos: Bunker silos are horizontal pits with walls for storing silage. Trends focus on reinforced bunker designs for increased durability, the adoption of airtight sealing systems to preserve silage quality, and innovations in cover materials for enhanced protection against environmental factors.
  • Bag Silos: Bag silos are flexible, temporary containers for storing grains. The trend is toward the development of eco-friendly and recyclable bag materials, along with advancements in sealing technologies to prevent moisture and pests, ensuring the integrity of stored grains.
  • Others: The “Others” category encompasses diverse silo types. Trends involve customization to meet specific industry needs, such as specialized silos for renewable energy storage or unique materials for pharmaceutical applications, reflecting the adaptability of silos across various sectors.

By Material

  • Wood Staves: Wood staves are traditional materials for silo construction, offering natural insulation and a rustic aesthetic. Trends include a niche demand for wooden silos in heritage preservation projects and artisanal agriculture, emphasizing sustainable practices.
  • Concrete Staves: Concrete staves provide durability and strength. Trends involve modular construction techniques, enabling efficient assembly and disassembly, and increased demand for concrete stave silos in industries requiring robust, long-lasting storage solutions.
  • Steel Panels: Steel panel silos offer versatility and quick assembly. Trends include the adoption of galvanized steel for corrosion resistance and the growing preference for bolted designs, enhancing flexibility and scalability in various industrial applications.
  • Aluminium: Aluminium silos, prized for their lightweight and corrosion-resistant properties, find application in specific industries. Trends include innovations in alloy compositions for enhanced strength and increased use in niche sectors like the chemical and pharmaceutical industries.

Global Silos Market 2023–2032 (By Million)

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By Capacity

  • Below 500 Tons: Silos with a capacity below 500 tons cater to small-scale storage needs, common in small farms or localized industrial applications. The trend involves the integration of cost-effective materials and smart monitoring technologies, optimizing space utilization and enabling efficient storage for small quantities of bulk materials.
  • 500 Tons-1000 Tons: Silos in this capacity range suit medium-scale storage requirements, prevalent in mid-sized farms and industries. Trends include the incorporation of advanced ventilation systems and sustainable materials, ensuring optimal conditions for stored materials. Increased automation enhances operational efficiency, meeting growing demand in diverse sectors.
  • 1000 Tons-1500 Tons: Catering to larger agricultural and industrial demands, silos in this range focus on robust construction and advanced safety features. Trends involve the implementation of IoT for real-time monitoring, ensuring precise inventory control. Customization options are embraced to meet specific industry requirements, reflecting a shift toward tailored solutions.
  • Above 1500 Tons: Silos with capacities above 1500 tons are designed for extensive storage needs, typical in large agricultural operations or industrial complexes. Trends include the utilization of high-strength materials for durability and advanced automation for efficient material handling. Customized solutions for specific industries, such as large-scale food processing or cement production, are prominent.

By End Use Industry

  • Food & Beverages Industry: Silos in the Food & Beverages sector provide efficient storage for grains, flour, and ingredients. Trends include a focus on hygiene with airtight silo designs and automation for precise material handling, ensuring food safety and quality.
  • Agriculture Industry: In agriculture, silos store and protect harvested crops. Modern trends emphasize sustainable materials, increased capacity, and smart technologies for real-time monitoring, optimizing crop preservation and reducing post-harvest losses.
  • Chemical Industry: Silos in the Chemical Industry store bulk chemicals. Trends include the use of corrosion-resistant materials, compliance with strict safety standards, and integration of IoT for remote monitoring, enhancing safety and operational efficiency.
  • Tire Industry: For the Tire Industry, silos store rubber compounds and materials. Trends involve specialized silo designs for precise material handling, dust control systems, and automation for efficient production processes, ensuring quality control in tire manufacturing.
  • Others: Silos find diverse applications beyond traditional sectors. Trends in other industries include customized designs for unique storage needs, integration with renewable energy projects, and exploration of innovative materials, expanding the scope of silo applications across various sectors.

By Distribution Channel

  • Direct Sales: Direct sales in the Silos Market involve manufacturers selling their products directly to end-users, bypassing intermediaries. This approach ensures a more personalized customer experience, facilitates direct communication, and allows manufacturers to maintain better control over product quality and pricing.
  • Indirect Sales: Indirect sales in the Silos Market involve manufacturers distributing their products through intermediaries such as dealers, distributors, or retailers. This approach enables broader market reach, leveraging the existing networks of intermediaries. Trends include the increasing adoption of online platforms for indirect sales, providing accessibility and convenience.

Global Silos Market 2023–2032 (By Distribution Channel)

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Silos Market – Regional Analysis

The Silos Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the Silos Market witnesses a trend toward the integration of smart technologies, with an emphasis on IoT-enabled monitoring systems. Sustainability and energy-efficient silo designs are gaining traction, aligning with the region’s focus on environmentally conscious practices in agriculture and industry.
  • Europe: Europe experiences a trend of modernizing existing silo infrastructure for enhanced efficiency. There’s a growing interest in developing silos with advanced safety features, meeting stringent European safety standards. The region also sees an emphasis on using silos for biomass storage, aligning with renewable energy goals.
  • Asia-Pacific: In the Asia-Pacific, the Silos Market is driven by the rapid expansion of agriculture and increasing urbanization. The trend involves a surge in demand for small to medium-capacity silos to cater to diverse agricultural needs. Additionally, there’s a growing interest in constructing silos using cost-effective yet durable materials.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA observes a trend of incorporating silos into large-scale infrastructure projects, particularly in the Middle East. The focus is on utilizing silos for construction materials storage, supporting the region’s booming construction industry. Additionally, there’s a growing interest in silos for preserving and storing traditional crops in agricultural practices.

Global Silos Market 2023–2032 (By Type)

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Competitive Landscape – Silos Market

The Silos Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • AGCO Corporation
  • Bentall Rowlands
  • Brock Grain Systems
  • CST Industries Inc.
  • GRAIN SYSTEMS INC. (GSI)
  • PRADO SILOS
  • Silo J.M. Lambert
  • Silo Warehouse Pvt. Ltd.
  • Silos Córdoba
  • SIMEZA
  • Sukup Manufacturing Co.
  • Symaga
  • Taian Shelley Engineering Co. Ltd.
  • TSC SILOS AS
  • Zibo Boda Steel Silo Co. Ltd.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants like Silo Solutions Corp and Innovate Silos have embraced innovation, introducing modular and technologically advanced silo solutions. These companies leverage automation and sustainable materials to address evolving market demands.

However, key players like AGCO Corporation and Silos Córdoba dominate the market. AGCO excels in precision farming, enhancing silo efficiency, while Silos Córdoba pioneers climate-resilient storage. Their global presence, technological prowess, and strategic partnerships establish a strong foothold, ensuring continued dominance in providing efficient, technologically advanced, and environmentally conscious silo solutions.

The Silos Market is segmented as follows:

By Type

  • Tower Silos
  • Bunker Silos
  • Bag Silos
  • Others

By Material

  • Wood Staves
  • Concrete Staves
  • Steel Panels
  • Aluminium

By Capacity

  • Below 500 Tons
  • 500 Tons-1000 Tons
  • 1000 Tons-1500 Tons
  • Above 1500 Tons

By End Use Industry

  • Food & Beverages Industry
  • Agriculture Industry
  • Chemical Industry
  • Tire Industry
  • Others

By Distribution Channel

  • Direct Sales
  • Indirect Sales

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Silos Market, (2023 – 2032) (USD Million)
    • 2.2 Global Silos Market: snapshot
  • Chapter 3. Global Silos Market – Industry Analysis
    • 3.1 Silos Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Agricultural Expansion
      • 3.2.2 Technological Advancements
      • 3.2.3 Global Trade Dynamics
      • 3.2.4 Sustainable Practices
      • 3.2.5 Renewable Energy Storage
      • 3.2.6 Enhanced Safety Features
      • 3.2.7 Integration of IoT and Smart Technologies
      • 3.2.8 Diversification in End-Use Industries.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Material
      • 3.7.3 Market Attractiveness Analysis By Capacity
      • 3.7.4 Market Attractiveness Analysis By End Use Industry
      • 3.7.5 Market Attractiveness Analysis By Distribution Channel
  • Chapter 4. Global Silos Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Silos Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Silos Market – Type Analysis
    • 5.1 Global Silos Market Overview: By Type
      • 5.1.1 Global Silos Market Share, By Type, 2022 and 2032
    • 5.2 Tower Silos
      • 5.2.1 Global Silos Market by Tower Silos, 2023 – 2032 (USD Million)
    • 5.3 Bunker Silos
      • 5.3.1 Global Silos Market by Bunker Silos, 2023 – 2032 (USD Million)
    • 5.4 Bag Silos
      • 5.4.1 Global Silos Market by Bag Silos, 2023 – 2032 (USD Million)
    • 5.5 Others
      • 5.5.1 Global Silos Market by Others, 2023 – 2032 (USD Million)
  • Chapter 6. Global Silos Market – Material Analysis
    • 6.1 Global Silos Market Overview: By Material
      • 6.1.1 Global Silos Market Share, By Material, 2022 and 2032
    • 6.2 Wood Staves
      • 6.2.1 Global Silos Market by Wood Staves, 2023 – 2032 (USD Million)
    • 6.3 Concrete Staves
      • 6.3.1 Global Silos Market by Concrete Staves, 2023 – 2032 (USD Million)
    • 6.4 Steel Panels
      • 6.4.1 Global Silos Market by Steel Panels, 2023 – 2032 (USD Million)
    • 6.5 Aluminium
      • 6.5.1 Global Silos Market by Aluminium, 2023 – 2032 (USD Million)
  • Chapter 7. Global Silos Market – Capacity Analysis
    • 7.1 Global Silos Market Overview: By Capacity
      • 7.1.1 Global Silos Market Share, By Capacity, 2022 and 2032
    • 7.2 Below 500 Tons
      • 7.2.1 Global Silos Market by Below 500 Tons, 2023 – 2032 (USD Million)
    • 7.3 500 Tons-1000 Tons
      • 7.3.1 Global Silos Market by 500 Tons-1000 Tons, 2023 – 2032 (USD Million)
    • 7.4 1000 Tons-1500 Tons
      • 7.4.1 Global Silos Market by 1000 Tons-1500 Tons, 2023 – 2032 (USD Million)
    • 7.5 Above 1500 Tons
      • 7.5.1 Global Silos Market by Above 1500 Tons, 2023 – 2032 (USD Million)
  • Chapter 8. Global Silos Market – End Use Industry Analysis
    • 8.1 Global Silos Market Overview: By End Use Industry
      • 8.1.1 Global Silos Market Share, By End Use Industry, 2022 and 2032
    • 8.2 Food & Beverages Industry
      • 8.2.1 Global Silos Market by Food & Beverages Industry, 2023 – 2032 (USD Million)
    • 8.3 Agriculture Industry
      • 8.3.1 Global Silos Market by Agriculture Industry, 2023 – 2032 (USD Million)
    • 8.4 Chemical Industry
      • 8.4.1 Global Silos Market by Chemical Industry, 2023 – 2032 (USD Million)
    • 8.5 Tire Industry
      • 8.5.1 Global Silos Market by Tire Industry, 2023 – 2032 (USD Million)
    • 8.6 Others
      • 8.6.1 Global Silos Market by Others, 2023 – 2032 (USD Million)
  • Chapter 9. Global Silos Market – Distribution Channel Analysis
    • 9.1 Global Silos Market Overview: By Distribution Channel
      • 9.1.1 Global Silos Market Share, By Distribution Channel, 2022 and 2032
    • 9.2 Direct Sales
      • 9.2.1 Global Silos Market by Direct Sales, 2023 – 2032 (USD Million)
    • 9.3 Indirect Sales
      • 9.3.1 Global Silos Market by Indirect Sales, 2023 – 2032 (USD Million)
  • Chapter 10. Silo’s Market – Regional Analysis
    • 10.1 Global Silo’s Market Regional Overview
    • 10.2 Global Silo’s Market Share, by Region, 2022 & 2032 (USD Million)
    • 10.3. North America
      • 10.3.1 North America Silo’s Market, 2023 – 2032 (USD Million)
        • 10.3.1.1 North America Silo’s Market, by Country, 2023 – 2032 (USD Million)
    • 10.4 North America Silo’s Market, by Type, 2023 – 2032
      • 10.4.1 North America Silo’s Market, by Type, 2023 – 2032 (USD Million)
    • 10.5 North America Silo’s Market, by Material, 2023 – 2032
      • 10.5.1 North America Silo’s Market, by Material, 2023 – 2032 (USD Million)
    • 10.6 North America Silo’s Market, by Capacity, 2023 – 2032
      • 10.6.1 North America Silo’s Market, by Capacity, 2023 – 2032 (USD Million)
    • 10.7 North America Silo’s Market, by End Use Industry, 2023 – 2032
      • 10.7.1 North America Silo’s Market, by End Use Industry, 2023 – 2032 (USD Million)
    • 10.8 North America Silo’s Market, by Distribution Channel, 2023 – 2032
      • 10.8.1 North America Silo’s Market, by Distribution Channel, 2023 – 2032 (USD Million)
    • 10.9. Europe
      • 10.9.1 Europe Silo’s Market, 2023 – 2032 (USD Million)
        • 10.9.1.1 Europe Silo’s Market, by Country, 2023 – 2032 (USD Million)
    • 10.10 Europe Silo’s Market, by Type, 2023 – 2032
      • 10.10.1 Europe Silo’s Market, by Type, 2023 – 2032 (USD Million)
    • 10.11 Europe Silo’s Market, by Material, 2023 – 2032
      • 10.11.1 Europe Silo’s Market, by Material, 2023 – 2032 (USD Million)
    • 10.12 Europe Silo’s Market, by Capacity, 2023 – 2032
      • 10.12.1 Europe Silo’s Market, by Capacity, 2023 – 2032 (USD Million)
    • 10.13 Europe Silo’s Market, by End Use Industry, 2023 – 2032
      • 10.13.1 Europe Silo’s Market, by End Use Industry, 2023 – 2032 (USD Million)
    • 10.14 Europe Silo’s Market, by Distribution Channel, 2023 – 2032
      • 10.14.1 Europe Silo’s Market, by Distribution Channel, 2023 – 2032 (USD Million)
    • 10.15. Asia Pacific
      • 10.15.1 Asia Pacific Silo’s Market, 2023 – 2032 (USD Million)
        • 10.15.1.1 Asia Pacific Silo’s Market, by Country, 2023 – 2032 (USD Million)
    • 10.16 Asia Pacific Silo’s Market, by Type, 2023 – 2032
      • 10.16.1 Asia Pacific Silo’s Market, by Type, 2023 – 2032 (USD Million)
    • 10.17 Asia Pacific Silo’s Market, by Material, 2023 – 2032
      • 10.17.1 Asia Pacific Silo’s Market, by Material, 2023 – 2032 (USD Million)
    • 10.18 Asia Pacific Silo’s Market, by Capacity, 2023 – 2032
      • 10.18.1 Asia Pacific Silo’s Market, by Capacity, 2023 – 2032 (USD Million)
    • 10.19 Asia Pacific Silo’s Market, by End Use Industry, 2023 – 2032
      • 10.19.1 Asia Pacific Silo’s Market, by End Use Industry, 2023 – 2032 (USD Million)
    • 10.20 Asia Pacific Silo’s Market, by Distribution Channel, 2023 – 2032
      • 10.20.1 Asia Pacific Silo’s Market, by Distribution Channel, 2023 – 2032 (USD Million)
    • 10.21. Latin America
      • 10.21.1 Latin America Silo’s Market, 2023 – 2032 (USD Million)
        • 10.21.1.1 Latin America Silo’s Market, by Country, 2023 – 2032 (USD Million)
    • 10.22 Latin America Silo’s Market, by Type, 2023 – 2032
      • 10.22.1 Latin America Silo’s Market, by Type, 2023 – 2032 (USD Million)
    • 10.23 Latin America Silo’s Market, by Material, 2023 – 2032
      • 10.23.1 Latin America Silo’s Market, by Material, 2023 – 2032 (USD Million)
    • 10.24 Latin America Silo’s Market, by Capacity, 2023 – 2032
      • 10.24.1 Latin America Silo’s Market, by Capacity, 2023 – 2032 (USD Million)
    • 10.25 Latin America Silo’s Market, by End Use Industry, 2023 – 2032
      • 10.25.1 Latin America Silo’s Market, by End Use Industry, 2023 – 2032 (USD Million)
    • 10.26 Latin America Silo’s Market, by Distribution Channel, 2023 – 2032
      • 10.26.1 Latin America Silo’s Market, by Distribution Channel, 2023 – 2032 (USD Million)
    • 10.27. The Middle-East and Africa
      • 10.27.1 The Middle-East and Africa Silo’s Market, 2023 – 2032 (USD Million)
        • 10.27.1.1 The Middle-East and Africa Silo’s Market, by Country, 2023 – 2032 (USD Million)
    • 10.28 The Middle-East and Africa Silo’s Market, by Type, 2023 – 2032
      • 10.28.1 The Middle-East and Africa Silo’s Market, by Type, 2023 – 2032 (USD Million)
    • 10.29 The Middle-East and Africa Silo’s Market, by Material, 2023 – 2032
      • 10.29.1 The Middle-East and Africa Silo’s Market, by Material, 2023 – 2032 (USD Million)
    • 10.30 The Middle-East and Africa Silo’s Market, by Capacity, 2023 – 2032
      • 10.30.1 The Middle-East and Africa Silo’s Market, by Capacity, 2023 – 2032 (USD Million)
    • 10.31 The Middle-East and Africa Silo’s Market, by End Use Industry, 2023 – 2032
      • 10.31.1 The Middle-East and Africa Silo’s Market, by End Use Industry, 2023 – 2032 (USD Million)
    • 10.32 The Middle-East and Africa Silo’s Market, by Distribution Channel, 2023 – 2032
      • 10.32.1 The Middle-East and Africa Silo’s Market, by Distribution Channel, 2023 – 2032 (USD Million)
  • Chapter 11. Company Profiles
    • 11.1 AGCO Corporation
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 Bentall Rowlands
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 Brock Grain Systems
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 CST Industries Inc.
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 GRAIN SYSTEMS INC. (GSI)
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 PRADO SILOS
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 Silo J.M. Lambert
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 Silo Warehouse Pvt. Ltd.
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 Silos Córdoba
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 SIMEZA
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments
    • 11.11 Sukup Manufacturing Co.
      • 11.11.1 Overview
      • 11.11.2 Financials
      • 11.11.3 Product Portfolio
      • 11.11.4 Business Strategy
      • 11.11.5 Recent Developments
    • 11.12 Symaga
      • 11.12.1 Overview
      • 11.12.2 Financials
      • 11.12.3 Product Portfolio
      • 11.12.4 Business Strategy
      • 11.12.5 Recent Developments
    • 11.13 Taian Shelley Engineering Co. Ltd.
      • 11.13.1 Overview
      • 11.13.2 Financials
      • 11.13.3 Product Portfolio
      • 11.13.4 Business Strategy
      • 11.13.5 Recent Developments
    • 11.14 TSC SILOS AS
      • 11.14.1 Overview
      • 11.14.2 Financials
      • 11.14.3 Product Portfolio
      • 11.14.4 Business Strategy
      • 11.14.5 Recent Developments
    • 11.15 Zibo Boda Steel Silo Co. Ltd.
      • 11.15.1 Overview
      • 11.15.2 Financials
      • 11.15.3 Product Portfolio
      • 11.15.4 Business Strategy
      • 11.15.5 Recent Developments
    • 11.16 Others.
      • 11.16.1 Overview
      • 11.16.2 Financials
      • 11.16.3 Product Portfolio
      • 11.16.4 Business Strategy
      • 11.16.5 Recent Developments
List Of Figures

Figures No 1 to 39

List Of Tables

Tables No 1 to 127

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • AGCO Corporation
  • Bentall Rowlands
  • Brock Grain Systems
  • CST Industries Inc.
  • GRAIN SYSTEMS INC. (GSI)
  • PRADO SILOS
  • Silo J.M. Lambert
  • Silo Warehouse Pvt. Ltd.
  • Silos Córdoba
  • SIMEZA
  • Sukup Manufacturing Co.
  • Symaga
  • Taian Shelley Engineering Co. Ltd.
  • TSC SILOS AS
  • Zibo Boda Steel Silo Co. Ltd.
  • Others

FAQs

The key factors driving the Market are Agricultural Expansion, Technological Advancements, Global Trade Dynamics, Sustainable Practices, Renewable Energy Storage, Enhanced Safety Features, Integration of IoT and Smart Technologies And Diversification in End-Use Industries.

The “Tower Silos” category dominated the market in 2022.

The key players in the market are AGCO Corporation, Bentall Rowlands, Brock Grain Systems, CST Industries Inc., GRAIN SYSTEMS INC. (GSI), PRADO SILOS, Silo J.M. Lambert, Silo Warehouse Pvt. Ltd., Silos Córdoba, SIMEZA, Sukup Manufacturing Co., Symaga, Taian Shelley Engineering Co. Ltd., TSC SILOS AS, Zibo Boda Steel Silo Co. Ltd., Others.

“North America” had the largest share in the Silos Market.

The global market is projected to grow at a CAGR of 4.1% during the forecast period, 2023-2032.

The Silos Market size was valued at USD 213.7 Million in 2023.

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