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$ 664.33 Million Growth Expected in Grain Silos and Ancillary Equipment Market | COVID-19 Impact Analysis in Q1 2021 | North America to Notice Maximum Growth | Technavio

NEW YORK, May 12, 2021 The global grain silos and ancillary equipment market by type (grain silos and ancillary equipment) and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio’s offering. The global grain silos and ancillary equipment market is expected to grow by USD 664.33 Million, at a CAGR of almost 4% during 2021-2025.

The outbreak of COVID-19 had a neutral impact on the grain silos and ancillary equipment market in 2020. Vendors in the market are prioritizing building a resilient supply chain to limit the chance of disruptions by such emergencies in the future. Some vendors are increasing their spending on R&D to maintain production levels and minimize risks. These developments are expected to have a positive impact on the growth of the grain silos and ancillary equipment market.

The market is expected to be driven by factors such as the increase in demand for grain storage, increasing government support to expand grain silos, and the growing adoption of grain silos and ancillary equipment certified as safe.

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Grain Silos and Ancillary Equipment Market: Opportunities

The market is witnessing an increase in the demand for grain silos and ancillary equipment from both developed and developing countries such as the US, China, and India. This is driven by the rapid population growth and increased expansion and new construction of feed mills across regions. Also, increasing grain production and the expansion of storage capacities by farmers are expected to present several growth opportunities to vendors during the forecast period.

Grain Silos and Ancillary Equipment Market: Segmentation by Product

Based on the segmentation by product, the market generated maximum revenue in the grain silos segment in 2020. The segment is driven by the increasing need to store a large quantity of grains. Also, the increasing demand from the agriculture and food industries is expected to foster the growth of the segment during the forecast period.

Grain Silos and Ancillary Equipment Market: Segmentation by Geography

North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in APAC and South America. 41% of the market’s growth was originated from North America in 2020. The US and Canada are the key markets for grain silos and ancillary equipment in North America.

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Grain Silos and Ancillary Equipment Market: Major Vendors

Ag Growth International Inc.

The company offers grain storage bins such as Westeel Unstiffened Grain Bins, MFS On-Farm Grain Storage Systems, MFS Ag-Comm Grain Storage Systems, MFS Commercial Grain Storage Systems, and others.

CTB Inc.

The company offers grain storage bins such as catwalks, conveyors, elevators, grain dryers, storage bins, and others.

P+W Metallbau GmbH and Co. KG

The company offers a wide range of silos such as Explosion-proof silos, Large silos, Inner silos, Chamber silos, multi-chamber silos, Assembly silos (construction site production), and others.

Rostfrei Steels Pvt. Ltd.

The company offers grain storage silos which consist of Grain Storage Silos, Handling Equipment, Monitoring Systems, Aeration Systems, Automation Systems.

Satake Corp.

The company offers a huge range of engineer-certified silos catering for all storage and grain handling needs. From silos, hoppers, and its ancillary equipment such as distributors and augers, to grain elevators, drag chains, chutes, as well as comprehensive drafting and project management.

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Executive Summary

Market Landscape
  • Market ecosystem
  • Value chain analysis
Market Sizing
  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
Market Segmentation by Type
  • Market segments
  • Comparison by Type
  • Grain silos – Market size and forecast 2020-2025
  • Ancillary equipment – Market size and forecast 2020-2025
  • Market opportunity by Type
Customer landscape
  • Customer Landscape
Geographic Landscape
  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends
Vendor Landscape
  • Overview
  • Landscape disruption
Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • Ag Growth International Inc.
  • AGCO Corp.
  • CTB Inc.
  • P+W Metallbau GmbH and Co. KG
  • Rostfrei Steels Pvt. Ltd.
  • Satake Corp.
  • Silos Cordoba SL
  • Sioux Steel Co.
  • Sukup Manufacturing Co.
  • Symaga SA
Appendix
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.$ 664.33 Million Growth Expected in Grain Silos and Ancillary Equipment Market | COVID-19 Impact Analysis in Q1 2021 | North America to Notice Maximum Growth | Technavio

Disclaimer: The following Press Release comes to you under a network of a strategic syndication partnership with PR Newswire. Prittle Prattle News takes no editorial responsibility for the same.

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