The global grain silos and storage system market size is estimated to account for a value of USD 1.3 billion in 2020 and is projected to grow at a CAGR of 4.8% from 2020, to reach a value of USD 1.6 billion by 2025.
The farmers in developing and developed regions are investing in setting-up of silos which helps in facilitating the storage of grains, and with appropriate conditions, they can be stored for a longer period of time, irrespective of the external weather conditions, are some of the factors driving the growth in the market.
The key manufacturers in the grain silos and storage system market include AGCO Corporation (US), AGI (Canada), Silos Córdoba (Spain), PRADO SILOS (Spain), and Symaga (Spain) are some of the key service providers across the globe.
Expansions and agreements, partnerships, and collaborations were some of the core strengths of the leading players in the grain silos and storage system market. These strategies were adopted by the key players to increase their market presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios.
AGCO Corporation is a global leader in the design, manufacture, and distribution of agricultural equipment. It is the largest manufacturer of steel farm bins and commercial grain storage bins. It provides these products through its brands; GSI and Cimbria. The company has presence across all the continents.
Founded in 1947 in Denmark, Cimbria (a subsidiary of AGCO) develops, manufactures, supplies, and installs equipment and plants for handling, storage, sizing, treatment of grain and seed products, in addition to control and automation systems. It is backed by 900 employees. The company has production facilities in Denmark, Austria, Italy, and the Czech Republic.
AGI is a global leader in the manufacturing of grain, feed, and fertilizer handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, grain drying systems, and fertilizer handling and storage systems. The company operates across five platforms — seed, fertilizer, grain, feed, and food. It is backed by over 35 brands that are among the most recognized equipment manufacturers in the global agriculture industry. Of these 35 brands, AGI Brasil, FRAME, MFS, SABE, Twister, and Westeel are involved in the manufacturing of grain silo and grain bins. AGI has manufacturing facilities in Canada, the US, Brazil, and Italy and distributes its products globally.
AGI Brasil (Brazil) is a leading manufacturer of grain storage, handling, and conditioning equipment, including grain bins, bucket elevators, dryers, and cleaners.
Silos Córdoba is a leading manufacturer of steel silos for grain storage. The company offers flat silos, hopper silos, truck load silos, and farm silos. The flat silos and hopper silos are used for storing all types of grains, seeds, and legumes, while the farm silos are used for storage of animal feed in livestock, poultry, and swine farms. Truck load silos are used for storage and later dispatch of bulk products such as granulates and flour. It has presence in over 50 countries.
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