Global Grain Silos and Storage Systems Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Commodity Type (Rice, Wheat, Maize, Soybean, Sunflower, Other Commodity Types), By Silo Type (Hopper Silos, Flat Bottom Silos, Grain Bins, Other Silos Type), By Region (North America, Asia-Pacific, Middle East and Africa, Europe, CSA), End-User Landscape and Company Market Share Analysis & Competitor Analysis
Grain Silos and Storage Systems Market Insights
The grain silos market will show upward trends between the forecast period. To maintain the grain high quality, storage life, and also to protect the produce farmers use silos and storage systems. These systems are used at both commercial and industrial level to permanently store the grain. The silos also perform the function of post-harvest management as they act as grain collector and distributional units. To protect the grains, silos manage the function of initial grain processing by way of drying fumigation and cleaning of grains. All these functions help the storage systems market to grow in an upward fashion trend. The present scenario of COVID-19 puts extra pressure on the safety of the grains and storage units which can also enhance the market for grain silos and storage systems.
Grain Silos and Storage Systems Market: By Commodity Type
Based on the commodity type, the market is branched into rice, maize, sunflower, wheat, and soybean among others. The Maize segment would be growing in an upward trend as it is a versatile and adaptable crop. Their high value and importance in regions of the USA and India put them at high risk of damage. The important crop factors lead to high demand for the silos and storage systems in the market. The rice segment too would be growing rapidly owing to the government initiative of constructing silos in different states and increasing rice consumption globally.
Grain Silos and Storage Systems Market: By Silo Type
Based on the silo type, the market is explained into hopper silos, flat bottom silos, grain bins, and other silos type. The flat bottom silos segment will propel at a high growth rate in this market. These type of silos have low storage cost and is easy to build. For the long term storage option of grains, they are highly preferred. The grain bins segment too would show growth potential in the market. Their usage is dominating the industry because of the leader’s stronghold in the market.
Grain Silos and Storage Systems Market: By Region
Asia-Pacific would hold a major market chunk in the market. The region showcases huge investment opportunities in the silo construction project, rising consumption levels of major crops like maize & rice, and promising agricultural schemes for the farmers. All such factors impact positively on the market demand in the region. North America also shows growth potential for the market owing to the adoption of precision agriculture and advanced technologies in the agriculture.
Grain Silos and Storage Systems Market Share and Competitive Analysis
Some of the key players operating in the market include Silos Cordoba, Rosilo Montaj SRL, A-D Steel Silos, Silopro Grain Systems, UAB Inter Silo, Michal, Teco Grain Dryer, SIMEZA, Honeyville Metal, United Industries Group, Inc, Smith Steel & Fabrication, and Sron Silo System among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Grain Silos and Storage Systems Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Grain Silos and Storage Systems Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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