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Silos are utilized in agriculture sector to store different types of grains such as rice, wheat, maize, barley, and others. Silos comes in different shapes, which includes flat bottom silos, hopper bottom silos, feed hoppers, and farm silos. Moreover, silos are available in different types such as steel silo, metal silo, concrete silo, wood silo, and others.

Market Dynamics:-

Global grain storage silo market is expected to be driven by rising food grain production coupled with increasing population across the globe. For instance, according to the report published by United Nations on ‘World Population Prospects 2019’, the current population across the globe is estimated to be 7.7 billion and it is expected to reach around 8.5 billion by 2030, 9.7 billion by 2050, and 10.9 billion in 2100. Therefore, the growing population would lead to rise in the production of food grain to feed and need for its storage, which is expected to propel growth of grain storage silo market.

Market Outlook:-

Among shape, flat bottom silo segment is expected to witness significant market growth in terms of value over the forecast period. Flat bottom silos are considered convenient option for safe and long term storage. Additionally, this type of silos is easy to manufacture and has low cost of storing compared to the other storage types. Therefore, owing these advantages the segment is expected to propel growth of the global market during the forecast period.

Among regions, Asia Pacific is expected to account for a significant market share during the forecast period, owing to the rising food grain production in the region, which is expected to propel growth of the market over forecast period. For instance, according to the Food & Agriculture Organization, in 2018, the estimated grain production in India was 275 million tons (MT). Therefore, the growing grain production in the region is expected to boost the grain storage silo market.

Key Players:-

Key players in the global grain storage silo market include Sioux Steel, Silos Cordoba, Hanson Silo Company, Nelson Silos, Henan Haokebang machinery Equipment co. Ltd, P+W Metallbau GmbH & Co. KG, Superior Grain Equipment, Ahrens Agri, CST Industries, Inc., Symaga, Kotzur, GE Silos, and others

Market players are focusing on growth strategies such as business expansion, product launches, mergers & acquisitions, partnership & collaborations, and others to gain a strong foothold in the global market. For instance, in 2018, Silos Córdoba, manufacturer of steel silos for grain storage, built a turnkey grain terminal at the port of Antwerp, Belgium. The storage facility includes 37 grain silos for storing crops such as malt and barley. The storage has total capacity of over 20,000 tones.

Market Taxonomy:-

On the basis of silo type, the global grain storage silo market is segmented into:

  • Steel Silo
  • Metal Silo
  • Concrete Silo
  • Wood Silo
  • Others (Fiberglass and Others)

On the basis of shape, the global grain storage silo market is segmented into:

  • Flat Bottom Silos
  • Hopper Bottom Silos
  • Feed Hoppers
  • Farm Silos

On the basis of crop, the global grain storage silo market is segmented into:

  • Rice
  • Wheat
  • Maize
  • Others (Barley, Sorghum, and Others)

On the basis of region, the global grain storage silo market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users