The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Crop consumption is predicted to drive the expansion of grain silos and the storage system market in the future.

The global grain silos and storage system market size is expected to grow from $1.50 billion in 2022 to $1.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global grain silos and storage system market size is expected to reach $2.01 billion in 2027 at a CAGR of 5.7%.

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Global Grain Silos and Storage System Market Segments Include:

• By Silo Type: Flat Bottom Silos, Hopper Silos, Grain Bins, Other Silo Types
• By Commodity Type: Rice, Maize, Wheat, Soybean, Sunflower, Other Commodity Types
• By Product Type: Steel Silos, Metal Silos
• By Applications: Agriculture, Commerce
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global grain silos and storage system market in 2021.

Major Market Players in the grain silos and storage system market include  AGCO Corporation, AGI Inc., Behlen Mfg. Co., Bentall Rowlands Storage Systems Ltd., Brock Grain Systems (CTB Inc.), Dehsetiler Machinery Co. Ltd. (Dehsetiler Group).

Technology developments are a major trend that is gaining traction in the grain silo and storage system market. To maintain their market position, major players in the grain silos and storage system industry are using innovative technology. Ag Growth International Inc., a Canadian manufacturer of portable and stationary grain handling, storage, and conditioning equipment, for example, will launch SureTrack 2.0 in April 2020, an updated and improved agriculture business platform that integrates new management features with existing software and hardware solutions. It combines financial and input analysis, real-time 3-D visualisations, and the power of traceability to offer a one-location, one-login remote farm management solution that increases farm profit and efficiency.

The Grain Silos and Storage System Global Market Report 2023  provides a grain silos and storage system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The grain silos and storage system market forecast analyzes grain silos and storage system market size, grain silos and storage system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Grain silos and storage systems are structures used to hold grain and other bulk or powder materials such as cement, calcium oxide, calcium hydroxide, activated carbon, or plastic resins, among others. Agriculture businesses utilise these to store huge grain.

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