The global Grain Silos And Storage System Market size was USD 12.0 billion in 2022 and is expected to reach a value of USD 20.27 billion in 2032 and register a revenue CAGR of 6% during the forecast period. The necessity to preserve food grains and avoid deterioration brought on by pests and environmental conditions, as well as the rising need for grain storage facilities as a result of population growth and urbanization, are the main factors driving market revenue growth. Systems for storing grains, such as those used to store wheat, rice, corn, Barley, and soybeans, among others, are available. These systems are intended to prolong the shelf life of grains while maintaining their quality by shielding them from moisture, insects, and pests.
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Market Dynamics:
Agriculture sector is one of the most important revenue generating sector and contributes significantly to the overall economic growth of a country. Technological advancements in agricultural equipment and techniques have drastically boosted output and production capacity. Rapid integration of ICT, robotics, aerial imagery and GPS techniques, and the Internet of Things, among others have radically shaped agricultural sector in the recent past. Growing adoption of precision agriculture and drones have enabled farms and businesses to increase their profit margins and improve their operations to be more efficient, safer, and environmentally sustainable.
Top companies operating in the market and profiled in the report include:
- AGCO Corporation
- Brock Grain Systems
- Cargill, Incorporated
- AGI
- GSI (Grain Systems, Inc.)
- Behlen Mfg. Co.
- Mysilo (SF Group)
- TSC SILOS
- Sioux Steel Company
- Superior Grain Equipment
Grain Silos and Storage System Market Segmentation:
By Type Outlook:
- Flat-bottom silos
- Hopper-bottom silos
- Grain bins
- Others (including bag silos, bunker silos, and tower silos)
By Application Outlook:
- Farm
- Port
- Industrial
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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