Authored By: Sarah
11 Dec 2023

Unveiling the Growth Trajectory of Grain Silos and Ancillary Equipment Market in 2023-2027  

The demand for advanced storage solutions, notably high-grade grain silos and accompanying equipment, is soaring due to increased food production and population growth. In the US, storage capacities in 2022 for both on-farm and off-farm locations stood at 15.58 billion bushels and 11.822 billion bushels, respectively, propelling the growth of grain silos. These systems ensure secure, large-scale food storage with advanced features like temperature and pest control.

Market Dynamics: Forecasts predict the grain silos and auxiliary equipment market to burgeon with a projected compound annual growth rate (CAGR) of 5.95% between 2023 and 2027, surging by USD 12.22 billion. Notable players like Ag Growth International Inc. and AGCO Corp. offer diverse grain silos and related products tailored to various user requirements, such as AGI Ag-Comm grain storage systems and GSI branded silos from AGCO Corp.

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Overview of the Grain Silos and Auxiliary Equipment Market

Market Offerings: Silos, available in varied capacities and sizes, is expected to fuel market growth, notably driven by the adoption of Silo Monitoring Systems, Grain Storage Solutions, Silo Temperature Monitoring, and a host of Ancillary Equipment for Grain Handling. Additionally, the adoption of Grain Storage Management, Silo Aeration Systems, Silo Inventory Management, Grain Drying Equipment, Silo Ventilation Systems, and Automated Grain Handling further accentuates this market expansion trend.

The landscape of grain silos and ancillary equipment is on an upward trajectory, riding on the coattails of growing food production needs and evolving technology. The journey doesn't end here—immerse deeper into this burgeoning industry to uncover the innovations shaping the future of food storage!

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of almost 5.95%.

  2. What is the incremental growth of the market?
    The market is expected to grow by
    USD 1222.38 million through 2023-2027.

  3. What is a key factor driving this market?
    An increase in demand for grain storage will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and Middle East, and Africa are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    40% growth will originate from North America

  6. Who are the leading market players?
    The leading players in this market are
    Ag Growth International Inc., AGCO Corp., Ahrens Group Pty Ltd., Bentall Rowlands Storage Systems Ltd., Berkshire Hathaway Inc., Chief Industries Inc., CST Industries Inc., Henan Haokebang Machinery Equipment Co. Ltd., Kepler Weber SA, Kotzur Pty. Ltd., Mysilo Grain Storage Systems Inc. Co., Nelson Silos, P W Metallbau GmbH and Co. KG, Rostfrei Steels Pvt. Ltd., Satake Corp., Sioux Steel Co., Sukup Manufacturing Co., Superior Manufacturing LLC, Symaga SA, and Silos Cordoba SL

  7. What are the market segments covered in this report?
    The market is segmented by
    Type (Grain silos and Ancillary equipment ), Application (Grain transportation and Grain storage ), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
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