- 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
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