Grain Storage Silos Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Grain Storage Silos Market is Segmented by Type (Steel Silos, Metal Silos, and Other Types), Product (Flat Bottom Silos, Hopper Bottom Silos, Feed Hoppers, and Other Products), and Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

Grain Storage Silos Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %

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Market Overview

The grain storage silos market is projected to register a CAGR of 4.5% during the forecast period (2021-2026). Though COVID-19 has impacted the silos business, there was no significant impact on the supply chain and global operations of silos. Due to the exemption of food and agricultural services due to lockdown restrictions, the grain storage silos market was less affected by the pandemic. Among all the regions covered under the study, North America accounted for the largest share in the grain storage silos market in 2019. The high demand for greater storage capacity, owing to limited space and rising storage costs across the world, has driven growth in this industry. The market concentration of grain storage silos is high, with a few large players like Rostfrei Steels, Titan (FB Industries Inc.), Superior Silo LLC, and Sioux Steel Company, and others dominating the market.

Scope of the Report

The grain storage silos market is an important segment of the grain storage facility industry, which boosts the supply of agricultural output when needed. Silos are a cost-effective mode of storage in terms of the long run and occupy less ground space when land is constrained and storage costs are high. The storage grain silos market is estimated to grow remarkably during the forecast period. The market is segmented by type (steel silos, metal silos, and other types), product (flat bottom silos, hopper bottom silos, feed hoppers, and other products), and geography (North America, Europe, Asia-Pacific, South America, and Africa).

By Type
Steel Silos
Metal Silos
Other Types
By Product
Flat Bottom Silos
Hopper Bottom Silos
Feed Hoppers
Farm Silos
Geography
North America
United Sates
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increasing Demand for Large Capacity and Cost-effective Grain Storage

The growing demand for grain storage from the leading grain-producing countries in the world, namely, the United States, Russia, India, Brazil, and others, has driven the grain storage silos industry during the study period. Further, rising input costs and the need for heavy investments for the storage of grains have led to a rise in demand for silos across all the regions. According to the International Grains Council (IGC), the global stocks of wheat increased from 171.0 million metric ton in 2012-2013 to 268.0 million metric ton in 2017-2018, and in 2020, the stock accounted for 278.0 million metric ton. Silos are cost-effective modes of grain storage owing to the automation of grain transport, resulting in low operational costs in the long run. The loading and unloading costs of silos are also low than grain warehouses, as automation is operated by the Supervisory Control and Data Acquisition (SCADA) system. The benefits of cost-effectiveness and the large holding capacity of silos are driving the grain storage silos market globally.

Grain Storage Silos

North America is the Largest Region using Grain Storage Silos

North America held the largest share in using silos for grain storage in 2019. According to the US Department of Agriculture (USDA), the total off-farm grain storage capacity in the United States increased to 11.47 billion bushels in 2018 from 10.66 billion bushels in 2014. In the North American region, the United States is recorded to have more than 310 million metric ton of silo storage capacity. As per USDA, the recent imposition of tariffs by both the United States and China on primary commodities led to the accumulation of grain surplus for the US farmers in 2018, resulting in 20% of the total available storage being filled with soybean, corn, and wheat from the previous year's harvest. This is expected to further boost the need for more large storage silos across the country during the forecast period, as the existing ones are reaching full capacity.

Global Grain Storage Silos Market - Growth, by Region, Global, 2019

Competitive Landscape

The grain storage silos market is highly consolidated with key players like Rostfrei Steels, Titan (FB Industries Inc.), Superior Silo LLC, and Sioux Steel Company dominating the industry, all together holding a major share of the global silos industry. The most adopted strategies of the leading companies have been overseas investments and the launch of new varieties of bunker, bags, and tower silos to cater to the growing need for grain storage around the world. The silo giant Silos Cordoba entered a contract in 2019 to manufacture a grain terminal in Nigeria. Also, there has been a boost to silo manufacturing companies from the governments of developing countries such as India.

Recent Developments

In July 2020, Silos Cordoba completed the assembly and installation of a new facility for the storage and distribution of pellets in France to expand its presence in the neighboring countries and consolidate its brand in Central Europe.

In September 2019, Symaga strengthened its growth rate by expanding its export destinations and consolidating itself as a reference company in storage projects worldwide.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Steel Silos

      2. 5.1.2 Metal Silos

      3. 5.1.3 Other Types

    2. 5.2 By Product

      1. 5.2.1 Flat Bottom Silos

      2. 5.2.2 Hopper Bottom Silos

      3. 5.2.3 Feed Hoppers

      4. 5.2.4 Farm Silos

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United Sates

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Netherlands

        7. 5.3.2.7 Russia

        8. 5.3.2.8 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Rostfrei Steels

      2. 6.3.2 Titan (FB Industries Inc.)

      3. 6.3.3 Superior Silo LLC

      4. 6.3.4 Silos Cordoba

      5. 6.3.5 Sioux Steel Company

      6. 6.3.6 Hanson Silo Company

      7. 6.3.7 Nelson

      8. 6.3.8 Symaga

      9. 6.3.9 P+W Metallbau GmbH & Co. KG

      10. 6.3.10 Ahrens Agri

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Grain Storage Silos Market market is studied from 2016 - 2026.

The Grain Storage Silos Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Rostfrei Steels, Titan (FB Industries Inc.), Superior Silo LLC, Silos Cordoba, Sioux Steel Company are the major companies operating in Grain Storage Silos Market.

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