The Grain Silos And Storage System Global Market Report 2023, provides comprehensive information on the grain silos and storage system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Grain Silos And Storage System Global Market Report 2023, the 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Technology advancements are a key trend gaining popularity in the grain silos and storage system market. Major companies operating in the grain silos and storage system market are adopting new technologies to sustain their position in the market. For instance, in April 2020, Ag Growth International Inc., a Canada-based manufacturer of portable and stationary grain handling, storage, and conditioning equipment, launched SureTrack 2.0, an updated and improved agriculture business platform that integrates new management features with existing software and hardware solutions. It leverages financial and input analysis, real-time 3-D visuals, and the power of traceability to create a one-location, one-login remote farm management solution to drive both profit and efficiency to the farm.
The grain silos and storage system market is segmented:
1) By Silo Type: Flat Bottom Silos, Hopper Silos, Grain Bins, Other Silo Types
2) By Commodity Type: Rice, Maize, Wheat, Soybean, Sunflower, Other Commodity Types
3) By Product Type: Steel Silos, Metal Silos
4) By Applications: Agriculture, Commerce
North America was the largest region in the grain silos and storage system market in 2022.
The table of contents in TBRC’s grain silos and storage system market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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