Silos Market size is estimated to be USD 5.1 Billion in 2024 and is expected to reach USD 7.9 Billion by 2033 at a CAGR of 5.2% from 2026 to 2033.
The global silos market was valued at approximately USD 6.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The increasing demand for efficient storage solutions in agriculture, food processing, and construction industries is driving the market growth. North America holds the largest share of the silos market, with a value of USD 2.3 billion in 2022. The regions market growth is supported by the robust agricultural activities and the need for enhanced grain storage. Europe follows closely, contributing around USD 1.8 billion to the market size, driven by the regions focus on improving agricultural productivity and storage systems. The Asia Pacific region, while holding a smaller market share, is expected to witness the highest growth rate during the forecast period due to increasing industrialization and modernization in agriculture, particularly in countries like India and China. In 2022, the market size in Asia Pacific was valued at approximately USD 1.1 billion.
In terms of opportunities, the growth of smart farming techniques and automation in agriculture is expected to boost the demand for advanced silos with monitoring and control systems. This is particularly significant in the Middle East and Africa, where the market is predicted to expand due to growing investments in the agricultural sector and the need for long term grain storage. The Latin American market is also experiencing growth, with a focus on enhancing storage capacities in countries like Brazil and Argentina, where the agricultural industry is a significant contributor to the economy. As such, there is a significant opportunity in developing cost effective, technologically advanced silo systems that cater to both small and large scale agricultural enterprises globally.
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Acterra
Superior Grain Equipment
Bentall Rowlands
Silos Córdoba
Sioux Steel
TSC
SCUTTI SRL
CST Industries
Symaga
Kotzur
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Silos Market
Children (0-12 years)
Teens (13-19 years)
Young Adults (20-35 years)
Middle-Aged Adults (36-55 years)
Seniors (56+ years)
Health Conscious
Cultural Enthusiasts
Tech-Savvy Consumers
Environmentally Conscious
Brand Loyalty
Occasional Buyers
Frequent Shoppers
Urban Dwellers
Suburban Residents
Rural Inhabitants
Innovators
Early Adopters
Early Majority
Late Majority
Laggards
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Silos Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Silos Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Silos Market, By Type
6. Global Silos Market, By Application
7. Global Silos Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Silos Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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