December 4, 2021

USD 498.19 Mn growth in Metal Silos Market for Bulk Storage | Driven by Growth of Construction Industry | Technavio

NEW YORK, Nov. 18, 2021 /PRNewswire/ — The metal silos market for bulk storage size is set to grow by…

NEW YORK, Nov. 18, 2021 /PRNewswire/ — The metal silos market for bulk storage size is set to grow by USD 498.19 million from 2020 to 2025, according to Technavio. The report offers a detailed analysis of the metal silos market for bulk storage in optimistic, probable, and pessimistic forecast scenarios.

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Factors such as the growth of the construction industry and rise in need for safe storage of grains will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The metal silos market for bulk storage is fragmented, and the degree of fragmentation will accelerate during the forecast period.

The report covers the following areas:

Metal Silos Market for Bulk Storage 2021-2025: Segmentation

  • Application
    • Agriculture
    • Industrial
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

The agriculture segment generated maximum revenue in the market in 2020. The market growth in the segment will be significant during the forecast period. By geography, APAC is expected to create maximum growth opportunities for market players. The region currently holds 35% of the global market share and is expected to dominate the market growth over the forecast period. China and India are the key markets for metal silos for bulk storage in APAC.

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Metal Silos Market for Bulk Storage 2021-2025: Vendor Analysis and Scope

Some of the major vendors of the metal silos market for bulk storage include Acterra Group, AGCO Corp., Anyang Lipp Silo Engineering Co. Ltd., Barton Fabrications Ltd., Bentall Rowlands Storage Systems Ltd., GE Silos, Mysilo, Pneucon Technology, Silos Cordoba SL, and Sioux Steel Co. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the metal silos market for bulk storage are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

The increase in the adoption of precision farming is likely to emerge as one of the primary drivers of the market. However, hazards associated with grain storage silos may threaten the growth of the market.

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Metal Silos Market for Bulk Storage 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist metal silos market for bulk storage growth during the next five years
  • Estimation of the metal silos market for bulk storage size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal silos market for bulk storage
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal silos market for bulk storage vendors

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Metal Silos Market for Bulk Storage Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of over 3%

Market growth 2021-2025

USD 498.19 million

Market structure

Fragmented

YoY growth (%)

2.69

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

US, China, India, Russian Federation, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Acterra Group, AGCO Corp., Anyang Lipp Silo Engineering Co. Ltd., Barton Fabrications Ltd., Bentall Rowlands Storage Systems Ltd., GE Silos, Mysilo, Pneucon Technology, Silos Cordoba SL, and Sioux Steel Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

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