Silos Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Silos Market: Introduction

• Silos are the large structures which are used to store different types of bulk material. They are generally used to store grains in farms. Silos are also used to store cement, pellets, coal, food products, animal feed, etc. Silos need to be manufactured under various standards and regulations and are constructed from steel or reinforced concrete. The agriculture industry requires bulk storage which drives the silos market globally.

Increase in Agricultural Activities to Drive the Global Silos Market

• The growth of the agricultural industry is expected to lead to increased use of silos. Silos enable the storage of bulk commodities such as agricultural products, animal feed, and many other materials. Increasing agricultural activities are projected to drive the global silos market during the forecast period. Silos are also used to store green grass or chopped corn to feed the livestock. Silos keep the feed moist, so animal feed can be used for a longer duration. Moreover, its use in other industries such as cement, industrial manufacturing, and food industry is also likely to drive the global silos market.

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Growth of Cement Industry to Fuel the Sales of the Global Silos Market

• Silos are used for storage of various materials which includes cement. The increase in construction activities indirectly boosts the silos market. Cement is the main product used in all construction activities. Large amount of cement is used at construction sites of various industries such as oil & gas, petrochemicals, historical sites, and residential construction. Silos are used to store industrial materials such as calcite, petrochemical materials, medicinal materials, minerals, pills, capsules, soda, perfumery chemicals, ash, coal, coal powder, plaster, glass powder, perlite, plastic, marble powder, granules, polyethylene, wood shavings, and activated carbon. The need for bulk storage has also increased gradually which drives the global silos market.

North America to Lead the Global Silos Market

• In terms of region, the global silos market is divided into North America, South America, Asia Pacific, Europe, and Middle East & Africa.
• North America includes country-level analysis for the silos market in Canada, U.S., and Rest of North America. Analysis and forecast of the silos market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Similarly, Europe includes markets across the U.K., Germany, France, and Rest of Europe. Middle East & Africa includes the silos market analysis and insights for South Africa, GCC countries, and Rest of Middle East & Africa. The South America silos market is segmented into Brazil, and Rest of South America.
• North America is likely to witness maximum demand for silos from 2019 to 2027.
• Leading manufacturers of silos have extensive distribution networks across the globe.

Key Manufacturers Operating in the Global Silos Market

The global silos market was highly fragmented in 2018. Key manufacturers operating in the global market are:

• PRADO Storage Solutions
• Symaga
• Fowler Westrup (India) Pvt. Limited
• ROSTFREI
• Wabash National Corporation
• MYSILO / SFA GROUP
• ABS silo and conveyor systems GmbH
• Bühler AG
• BM Silo ApS
• SILOS CORDOBA S.L.

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Global Silos Market: Research Scope

Global Silos Market, by Type

• Flat Bottom Silos
• Hopper Silos
• Delivery Silos
• Others (Feed Silos, etc.)

Global Silos Market, by Construction Material

• Steel
• Reinforced Concrete
• Others (Wooden, etc.)

Global Silos Market, by Application

• Agricultural
• Industrial

Global Silos Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.